Evening Star Newspaper, March 22, 1925, Page 11

v - THE AUTHORITY DENIED FOR TEAPOT LEASE Raberts Says Transfer of roperty to Sinclair Un- justified Legally. By the Associnted Press CE contention Teapot Do was executed to Mammoth Ofl Co. thority will he pre Judge T. Biake K Monday, Owen J. Roberts a M. Harry ¥ withess, sufficient of G provisions transferre terior De contract for tha Tv ment, were Ili¢ for the acqui money by the a0 appropriation Appropriation Need. Mr. Rob. that scheme, under h the Na dispose of the ofl storage tanks, was provision for the purct should be made in the nd expendity ¥ Department from Congress. Interior Albe: with the M clause under whic accruing to th would be for tanks. was a vi which Congress 1 appropriate Arguments Tomorrow. Fall Atlee Pomerene is scheduled to open the Government's argument Monday. He {8 expected to take about two hours. Defenso counsel—Ma Lite George P. Hoover then will pr They are expected to require a day or more. Mr. Roberts will make the clos. ing argument for the Government n nt the day , but the de repared ntentions fense, which has its ¢ & rest. PARADERS WILL RECEIVE SERVICE CERTIFICATES Be of Those Who Turned Out on Defense Day. Arrangements have been completed for the presentation o service to the 700 local r paraded September 12 Defense day parade the 29th Division Headquarters Com- pany. The ceremony will be held in Ceremony to Recognition dents who last, in the Scottish Rite Cathedral, Third and E March 30, streets, Monday at 7:30 o'clock. Maj. Gen. the United States Marine Corps, has evening, accepted an invitation to be present and dellver the principal address. MaJ. Reynold E. Blelght, late the New Age magazine, is also scheduled to give a patriotic talk. The certificates will be presented by Maj. Gen. Anton Stephan, commanding the Vational Guard of the District of Co- mbia end the 29th National Guard Division, Army of the United States The ceremony is to be under the general supervision of Lieut. Col. Btirling Kerr, who was second In command of the men who paraded De- fense day as volunteer members of the 29th Division Headquarters Com- ern- | oppres made Lacey— took | Conducted in certificates of | as members of Lejeune, commandant of editor of \Elimination of Estate Tax i BY RICHARD S. HARV In his address before the Club of Richmond Tuesday sald . Bankers' evening, approach & ted surplus of “tax reform is now an e with an estim: and Sinclair's | tasue which holds the public Interest and demands an early and honest attempt at settlement.” To what phase of taxation can this reform be better applied than to the ive and outworn Fede To many estates the as, indeed, been a death ausing dissolution of the hopes of the expectant heirs ry one believes that some d a pot of gold at the end ar rainbow. And why this bit of good fortune form of a legacy from an India or from some other -for source? this Instance the hopeful of the United States hus not for the inheritance tax. If nd State transfer taxes ount to 100 per cent of othing will be left except- embrance of a kind but intention to confer a benefit on | upon - the But in | citiz allowed However ote the hope of such | @ g1ft may be, It does exist, and so to L of us the imposition of heavy taxes has a personal interest, may that hope a vain malke Left Still 1n Debt. umption that the Govern- take all is not a mere fic tion or only a horrible posstbility. There are instances on record where just this thing has occurred. When the founder of the leading sc: works of Chicago executed his wlill the property was large. In consid- eration of legacles approximating $2,000,000 to each of his two sons, he required payment of the estate tax by them. In the end, when settling | his ?\HA(P the laws of two States and of the he death tax | leaving hi E | tirelr legacies | wiped out | In his dddress before the National Tax Assoclation at Its session at the New Willard, February 19 and 20, President Coolidge felt impelled to deal with this {mportant subject. After stating the injustice of too- generous taking by the State and Federal governments, Mr. Coolidge concludes: “All this means not only an actual amount of tax which may under particular circumstances exceed {160 per cent of the value of the | stoctc, but the expense, delay and in- | conventence of getting clearances of | the States who clalmed a right to tax the property is a serlous burden to the heir who is to recelve the stock”—in case where the estate con- siats of shares In & corporation. Reform Held Vital. The “clearances” referred to by the President are the walvers by State officlals, releasing the shares and per- mitting a transfer to be reglstered on the books of the company. Where numerous States claim some taxable Interest in the estate, the expense of obtaining the necessary consents fre- quently amount to nearly as much as the tax itself—thereby constituting in effect a double tax not Intended by the law-makers when fixing the amount of the tax. The injustice of this is apparent; and the mere men- tion of 1t 15 enough to show the need of @ speedy and far-reaching reform [n_estate-tax legislation and practice ‘While the death tax in some form, State or Federal, has no doubt come at more than $6,000,000, ns still in debt after had been entirely Is Urged as Needed Reform {Principle Called Communistic and Vital| Blow to- Ambition to Have Large Busi- @ ness or Property Interests. | eral, | Congress or Federal Government assessed | fTOM | the tree to stay, and must be regarded as an @biding source of revenue because of its convenlence as a fund-producer for governments that “need the money,” there Is no gainsaying its commonisti origin. The basic theory fs that the ancestor's energy and thrift have brought the property into being and the heir receives it as a gift and! not as a matter of individual right Accordingly, at the moment of trans- fer, the Government, State or Fed- steps in and says to the “We represent the community and protection have made pos this ‘accumulation of money ami property. It belongs to us as much as to you, for yon have not earned it. We will, however, consent to the passing of the title to you, if you pay us & toll of so much per cent on the property’ value” At bottom it is 4 grab game —with the Government in the com- manding position because through the State legislature it fixes the condiffons with which the heir must comply or iose his share in the estate. Quotes Old ¥able. There is a we tributed to Acso, upon beholding a statue tearing apart the marks: “It is eas was made Ly heir whose known fable at-| wherein Hon | of Hereules jaws of a lion, re- to see the statue an. Had a_ llon made it, t 1 would be the de stroying par And so the death tax clearly indicates the exercise of a power which circumstances rather than right have given to the legislat- ing body and which it exercises in some Instances in an oppressive man- ner. But even conceding the principle of a paramount title in the people, there is a limit of taxation which cannot be exceeded without injury to the public interests. Unlike income taxes, a death tax iS an assessment || against the capital of the estate and |} paid out of the principal itselt which future income must be derived. One tax is to & measurable extent destructive of the ot 1t is cut down, future crops of | fruit are destroyed, and the State can look for no continuing benefit in taxes derived from that particular source. How imminent is that peril may Dbe seen by assuming that father and son die in successive vears. If the tax fs 50 per cent only one-fourth of the estate will remain to be dis- tributed to the grandchildren. The income from three-quarters has necessarily been destroyved. Radlcals and reformers of the destructive school look upon this result with complacency even where they do not publicly urge it as_an advantage | to the community. To their minds it tends to create toilers rather than drones in the human swarm. Removes Inspiration. Here, however, President Coolidge again takes issue sharply with the advocates of those communistic {deas, In his address befors the Tax Asso- clation he finds occaslon to remark how such a policy of public appro- fation of private funds tends to “take away the Inspiration to work | in order to build up a business or| create @ property. It is difficult to | over-estimate the contribution to the | progress of this country the man of ability actuated largel by this motive to protect the future of his family Where this tax is Imposed to pro- duce & reasonable measure of revenue for the Government, ‘and not as a means for accomplishing supposed re- forms by a redistribution of prop- made by || SUNDAY STAR, WASHINGTO! practical and convenient expedient. Among the 48 States, only Alabama and Florida have foregone the power to collect taxes from estates—the lat- ter having confirmed this immunity by an amendment of its constitution. Upon the other hand, the tax has been adopted and applied in the Philippine Islands and Alaska. The exercise of the right to collect a toll o wide- spread and all-reaching is thus seen to be an accomplished fact in the major part of the United States and its possessions. 3 Should a power o widely employed to pay the expenses of the local Gov- ernments be surrendered and left in- question the, part pense of ti that accumulation possible. munitions tax and the tax upon com- mercial MARCH 22, tact by the Federal Government? The is strongly agitated; most of our experts in tax legislation believe that Congress should remit the Federal estate tax altogether, or at least should fix an early date when it shall expire. The property having been a lated by a particular tains the inherent right to absorb a and apply It to florts of community, mest the which Like o protection they argue that revenue and coumu- ber of it per- the from 1925— PART estates i5s a wartime expedient and has no permanent place in the budget of the general Government. With the cessation of the pressure of emer- gency tazation, ‘Congress should re- store to the States the exclusive right to collect such taxes, or to refrain therefrom, as the Legislature of each particular State decides to do, in re- sponse to the dictates of the popular mind. ex- made the Total Is $103,000,000. The receipts from the estate tax wers $103,000,060 in the last fiscal year, whereas the total internal reve- nue taxes reached a total of $2,700,- 11 000,000. There plus approximating § the current year. In circumstances such as would seem not difeuit, and indeed | most_desirable, for Congress t tire from that particular field « collection at a comparatively early | date. With the knowledge that there | will be In prospect nupetition | from Federal offi ces, tax commissioners of the ¢ can, and presumably w a uniform law regulating the collec- tion of taxes upon the transfer of interests in estates. This step was found feasible in respect to com fs in prospect a sur ,000,000 for these it Divided Payments Easily Arranged A proved plan that thousands of Washingtonians have used success- fully. No interest or extras. Sale of Regular $195 and al paper. ogether ds of adminis efit Ly cannot spirit miodern this get- meth- with equal ben-§ No Newspapers in Greece ATHEN spaper day, owir rail Our Divided Payment Plan —makes Buying interest or extra ch BOTH SIDES OF 7™ AT K ST “THE DEPENDAB! $225 Living Room, Dining Room and Bedroom Suites One need go no farther than this sale for the selection of sturdy, de- pendable quality Furniture for the living room, dining room or bed- room. L xtraordinary opportunities exist—splendid values, superior craftsmanship and appealing de- signs. The price is very moderate for Furniture of this good quality, and you can count upon making a worth-while saving, no matter what your choice. a favorite topic with us. Our Divided Payment Plan is always ‘We want you to select the furniture of your desire and pay as you can afford it. us about the arrangements. or extras. DINING Confer with No interest ooM FURNITURE Into your living room let comfortable and attractive furniture come in. Here you see a literal example of what beauty may mean in your home—at a reasonable cost. The three-piece Living Room Suite of- rior fered in tomorrow’s sale is of sup: FURNITURE Four-piece Bedroom Suite, of America walnut, consisting of 42-inch Dresser, I foot Bed, Full Size Vanity and Che Drawers are mahogany lined, dust; finished. Marked to sell regularly price, $165.00. 5 ake, full spring construction, with soft spring cushions on sofa, fireside chair and club chair. Upholstered all over in Baker velour. Honestly built throughout— not a “bargain” suite. Regula $195.00. Sale price, $165.00. pany. it may be justified, at least as & Fen-piece Dining Room Suite, of combination American walnut, consisting of 60-inch Buffet, semi- enclosed China Cabinet, Server, Oblong Extension Table and 6 Good Chairs. Mahogany-lined drawer bottoms; eggshell finish. Regularly “$225.00. Sale price, $165.00, cut 1857-1925 Can You Think of cAny Gift the Bride Will Cherish More Than a Charming RAMBACH Baby Grand Piano BEAUTIFUL grand piano, the desire of every bride—for it adds that undeniable charm of dignity that characterizes the well done home. But when you choose, make certain it is a Brambach Baby Grand, an instrument of magnificent design and finish, s I Special Values in Baby Carriages Because the space these pieces take. up in our warchouse is needed for new arrivals, we have deeply reduced the regular prices for quick disposal. No doubt you will find a piece or two of furniture in this list you can use to advantage, and the saving will make it well worth your while to choose tomorrow what you need. 18 Walnut Dressers, with 36- tnch case and good size plate-glass mirror. Regular price, $27.50. Ypsilanti Fiber Reed Living Room Suite, $69 Compare with suites usually sold at $89.00 to get.a true idea of the value of this particular suite. Consists of 72-inch Sofa with wide arms, Large Rocker and Chair t6 match. Upholstered backs and cretonne-covered cush- ions resting on coil springs. superb quality, wonderful tone, appealing respon- siveness, and which costs about the same as an upright piano. Only 4 feet, 8 inches long! . iR It can be accommodated in lo the tiniest apartment ¢ cxon I 16 Cllut_l of Drawers, of combi- No apartment is too small for the Bram- ’ I Rt e e e bach—occupies only the space of an I :: r;‘;:ns‘«: ;n ::;:o o 299 50 upright piano. Let us send you a paper : p-ufm that will prove this to you, in m:-p:efu‘ Bedroom es.".e‘:"rf.?:mfl; bow-foot bed and chest of drawers . own.hnme. : Call, 'phone or write, or chifforette. Of combination and we will send it at once. walnut, mahogany and ivory. E. . DROOP & SONS CO. AT 1300 G Street Strollers $14.75 Heywood-Wakefield Stroller, with fiber reed body and hood, upholstered in rep. Re- ] clining back and adjustable foot rest. Cholce of cafe, ivory and dark blue. A Sal 16 Chests of Drawers, to match the dressers; each with 5 drawers. Regular price, $25.00. $17.50 Opportunity price .... 3-piece Bedroom Suites, con- sisting of dresser, chest of draw- ers and semi-vanity; In walnut finish. price . D S ——————— S e PP DR PR SR L L feature tome alues i " m. _one of country. 33.inch size. . .. $6.95 36-inch size........... $895 40-inch size $25 “Lane” Cedar Chests, $16.98 __ High-grade Cedar Chests, 48 inches long, 1 with decorated front, giving it an artistic appearance. the (L0 L] {4 tunity price .. -~ 24 Oak Dressers, 38-inch top, 18x24-inch plate-glass mirror. Repuiar rce 370 $19,50) Top-Icer, $9.75 14 Chests of Drawers, to match Good size for small family. the oak dressers; each with § drawers. Regular d price, $19.75. 40-1b. ice capacity. White en- amel food chamber. A make known for satisfactory service. 3-Door Type $19.75 Made of solid ashwood, with white enamel food chamber; three shelves. Economical in the consumption of ice and a real food saver. tunity price 38 0dd Dressers, of combination walnut, mahogany and ivory enameled; 38 and 42 inch cases. High-grade makes, formerly sold at $45.00 and $50.00. Op- Portunity price $33 48 Dresserobes, of golden oak or walnut finish woods; deep com- partment with sliding clothes rack; 4 drawers and swinging inches. Regular I : ] mirror, 12x14 price, $49.00. Oppor: 7 )” e tunity price . $34‘-50 Simmons Bed, $5 )”m’l"'”!_—fil,, Simmons Springs, $5 s { You know the Simmons products and will ap- preciate the value. ey Bed in full size only—4 feet 6 inches. White or ivory enamel finish. 2-inch continuous posts, full-height head and foot. Springs made of Simmons twin-link fabric, with wide band edge; 4-inch riser.. Size 4 feet 6 inches. li il el $12.98 Crib, $8.98 Full size Crib, S0x54 inches, 24 Chifforobes, of golden oak, with 5 drawers, hat box and deep clothes closet with sliding rack. Regular price, $32.50. Opportunity price.... $3.98 High Chairs $2.98 A comfortable High Chair for baby; of golden oak, with high back, play tray and wide spread legs. made of hardwood, ivory enamel finish, with blue deco- rations. High drop sides and head and foot of closely fillad one-inch fillers. Twin-link springs attached with heli- cals, e il 4l x4 $19.75