1
THE FASTEST GROWING NEWSPAPER IN NORTH CAROLINA:
E GHAR
inn
NEW
NIGHT
EDITION
PAGES TODAY
4 f
GRE A T ".-R CHARLOTTE'S HOME NEWSPAPER"
ablished : Daily, 1SS8 Sunday 1910.
CHARLOTTE. N. ., SATURDAY EVENING, NOVEMBER 1, 1913.
Price: Daily 2c: Sunday 5c.
to
T Oil
n n P II n fl T I II P
yi u u n niui Hb-
STREET CUR STRIKE
HOIfiiPBLIS TO-DAY
Were Heid up And Trolley j
- I ce Seemed Unable to
Copt; With The Rioters in
Tne Down Town District.
GOVERNMENT MAY
START INVESTIGATION
aiis are Interfered Mith Un
cie aSm May Seek to Know!
Why Five Hunrdeci Men
are Out According to Esti-1
mates of the Strikers.
, Nov. 1. Rioting
employes strike,
or 11 o'clock last
i
i
trev! car
war- started
oke out at the corner of Illi-
- and Washington streets, in the
- of :he business section, shortly
'(. ? nine o'clock this moming. Cars
held up and trolley rones cut.
'lock away at Washington street
Capitol avenue, near the state
-sc. i'ie motorman and conductor
taken t'rcm a car which was left
-uiiMuinc in the middle of the street.
The police force in the downtown
-cctiou seemed unable to cope with
he -trilters and hundreds of their
'fiends. The svikers blocked the
racks and the cars could get through
'tily w hen the police would go ahead
;! the- car and clear the way. The
-Tike leaders hurled investives at the
in
crews and demanded that they
ioin the strike.
Few persons patronized tlie cars
h Is morning, the majority of the men
:i;id women walking to their work.
Most of the cars had to be rerouted
ihrnvgh the downtown disrrict ro '
;!vo5d greased rails. Whiie some cars
Mj being operated on all lines noth
ing like the regular schedule is being-'
:nr;intair.d.
Although the street railway officials j
;'.-.sre that rnjny or tne employes
no :au their cars to the barns last
vz'n reponed for duty again today
; ad that only about ten per cent of
Tit- men are out, the strike leaders
intend there are r.00 out on 'strike.
William T. Fletcher, postoffice in
- rhetor, issued a statement .today in
i.Kh he declared if the collection of
i.e mails from substations by the
-ueet car company which is under
on tract to the government was inter
''.rvd with the government would be--Iii
aD investigation and make ar
' 'its. Tht statement declared the
trails must be collected on regular
ui e
After an hour or more of rioting in
: centure of the business, section
' e mounted police were called out
v.t drove the crowd away from the
I'fs An attempt was made to pull
n.' mounted officer from his horse
i he pulltj his mount around and
v.rf.- down the crowd.
Sec. Carraway to
Speak m Gastonia
tary Leake Carraway of the
Charlotte Club has received
a
n invitation to make an address be
'.'! lie meeting of Gastonia citizns
n (-.,,-. jn tle organization of a
o,.rj of trade in that town on No---nvir
12, the date which has been
r in- t.he committee for the organi-
;n
of such a body. The chairman
committee which is making
preparations lor the meeting is
' If. Separk, and there are al
1 - loO men who have signified
" -.ness to become members.
V. T. Daimey. secretary of the
unber or commerce of Richmond
:.ccepted an invitation to make
Mjres, on the ocasion. Secre
'arraway vii speak on the
' ol organization work.
MODENO ON TRIAL.
-. .'ciuted Press.
Angeles. Cal.. Nov. 1. Louis
''io, nephew of Emilio Aguinaldo,
i'.unous F"i!ipino, is on trial on a
'! r cliargo in the superior court
; today. He was accused of hav
: i.ot Carl Liuehardt. a negro, July
in a quarrel over a negro
'ui.
j'i)o is" being defended by Frank
'"iigiiez. , the attorney who repre
'J bis uncle when the latter was
d on trial at Manila by the
'fl States government.
w YORK CITY'S
HOUSEKEEPING EXPENSE.
a isociated Press.
" York, Nov. 1. The budgett
it tee of the board of estimate
need today that It had draw-n up
'Jget calling for only $192,995,551
New York city's housekeeping ex
: next year. Although this is an
! use of $240,110 over, the budget
l!t:j, it shows the smallest in
'' -e of any budget for many years.
rule the yearly increase has beea
" U $10,000,000. The committee es
the general fund of the city
1 '-."''.'0.0000, indicating that the. "ax
'' for Manhattan might be reduced
1 m year from 1.S1 to 1.7.
u r n 1 r
MAm
Baptists of Gtv
Start G
ampaign
The I'.antists of Charlotte Sunday
begin a week's campaign, to be known
as a part of the "Judson Centennial
Movement,'" the object of which is
to raise the sum of $1,230,000 in the
Southern Baptist convention for mis
sions and mission equipment.
The movement to raise this amount
includes all of the chinches in the
Southern Baptist convention, and it
is expected that the churches of each
city will set aside one week for rais-
! ing their part of the large sum which
has been rixed as the goal of the work
in the south.
The local Baptists are anxious to
' raise a sum sufficient to build a
i church in Shanghai, China, and the
state is expected to raise a large fund
for the equipment of a large territory,
in the mission field in China. j
Til, ; ; r n. . '
me equipping 01 uie missionary
held means the building of more and!
better hospitals, and the addition of
such buildings and other means of
increasing efficiency in the mission
field, as will give the active work
ers opportunity to carry on an en
larged work.
The church realizes that the pres
ent time offers the greatest oppor
tunity ever known for doing good work
and nothing is to be left undone in
the effort to take full advantage of
this opportunity.
JUDGE DULS OFFERS
S RESIGNATION
TO GOVERNOR
Special to The News. . !
Raleigh. Nov. 1. The resignation of j
C. H. Duls as judge of the superior
court for the fourteenth district,'
reached here today after Governor!
Craig had left for Washington. The
appointment of a successor will not
be made until the governor returns
Monday morning. J. W. Keerans and
W. T Harding, of Charlotte, are
prominently mentioned.
The resignation came from Dr.
C, A
Misenheimer, Heriot Clarkson.
Cam-1
eron Morrison and F. M.
Shannon-!
house with a note which explains that
Judge Duls wrote the resignation Au
gust 9, and left it in the hands of a
physician and personal friends in the
event his affliction developed into a
long illness.
He has mastoiditis, and is now in
a hospital at Gladwyne, Pa.
JEFFRIES
ESAT
AGE OF 35 YEARS
X r Inlion
ir.nvay rliir. i-oct&rrljiv liv tt-iP deaths
tt- -ifrc v.,. rooohpii tiio rp.
markable age of 93. Her faculties j
.VI 1 r ICUllUu X v.uvaj vv m- i
were wonaenuiiy
health had been
weeks ago. In
Mrs. Jeffries was
-i f - i
preserved, and her
good up to a few,
her younger years
a woman of great!
and physically. She
activity, mentally
was a leader in thought and action in
her community and was hem m anec-j
t! nnfl p?tppm. !
Mr.
Teffrie will return to Char-
lotte in
days.
MR
MOTHER D!
the course or a week or ten! property as ii. is ieaieu-iue iuua- au
thorities are unable to do so.
"PROFESSOR" DENNIS, MEMBER OF
CLAIRVOYANT TRUST, IS NOW IN
THE CLUTCHES OF THE LAW
By Associated Press. '
Chicago, Nov. 1. Said to be want
ed as a swindler in England, Canada
and a dozen American cities, "Profes
sor" Charles Dennis, member of the
alleged "clairvoyant trust" which was
broke up. here .last, spring, - is in the
hands of the Chicago police and will
face trial on several indictments
charging fraud.
Dennis was arrested in Boston Oct.
24 and held in secrecy until turned
over to the Chicago police. He was
brought back here last " night.
' Among the criminal transactions
charged against the "professor" and
for which indictments have been re
turned are:;' '
Swindling five Chicago people,
among whom were two . employes of
L SUFFRAGE
TALK TQNIGHT SI
THE JCABEMY
! ft
The lirst public speech on equal j
suffrage ever heard in Charlotte will'
be delivered tonigut at 8 o'clock at
the Academy of Music by Mrs. B.
B. Valentine, president of the Equal
Suffrage League of Virginia.
Mrs. Valentine arrived in
this morning from Richmond
met at the station by Mri
the city ;
She was ',
Eugene '
Reilley, premier equal suffrage
vocate of the city; Miss Susan
ad-1
By.j
num. Miss Anna Forbes Liddell. or-i
ganizers of the first Equal Suffrage!
League in the city: Mrs. C. C. Hook
Hook ;
i
peak-;
and others who. metaphorically s
ing. wear the yellow badge "Votes
for Women."
Mrs. Valentine is the guest of Mr
Reiliey at her beautiful home
UJI. t
' Park avenue. Dihvortn. She is a mem-;
ber of a prominent family in Virginia. I
auu is a leaaer m cociai circles.
The public is invited to hear her j
tonight.
Admission, free.
j 7o Fight Paying
His Assessment
Mr. J. M. Wilson, city tax collec
tor, was notified by a resident of.
Dilworth today tnat the Dilworth man
would contest the payment of his
permanent street improvement assess
ment which amounts to a considera
ble isum. The grounds of contest are
said to be that the assessment is
considerably above the 20 per cent
assessed tax valuation as fixed by
the city charter.
The outcome of this case will be
a mattor rf some interest. In the
I past year there have been one or
j rwo cases that promised to get into
the courts but thus far no instance
is recorded where
a case' has been
court. The board
fought out in civil" court. The board
! of aldermen were notified at a recent
wera. .notified, at a recent I
i" meeting that a contestant who had
employed legal counsel for a simi
I lar purpose, (had decided to let the
' matter drop.
In the latent, case it is said that
the total assessment is ? 1,100 or over
and therefore the result of the pend
ing case is an issue of some moment.
NEW GAME COMMISSION
TAKES OFFICE IN GEORGIA
Special to The News.
Atlanta. Ga., Nov. 1. The new state
game commissioner. Charles L. Dav
is, goes into office today at the capitol
as the Slaton appointee to succeed the
retiring commissioner. Jesse L.. Mer-
ax-ww
the change means simply
'the
one change at the capitol office,
or whether it means
of a reorganization all
the possibility
over the state,
j nobody seems able to predict. Just
: before retiring Mr. Mercer appointed
all the county wardens for the next
two years. So far as can be learned
Mr. Davis has as yet given no expres
sion to what his intentions are in re
gard to these appointments.
ISASTR1S
FIRE S1EEPS
JACKSON.
By Associated Press.
JacKson, ivy
Nov. ' 1. Practically
business (-section of Jack-
son, the scene
of many feud murders,
was destrojed by, hre early todaj.
Two blocks of buildings were burned
including the postoffice, Thompson ho
tel, two churches and a score of res
idences. The loss is estimated at
$150,000 as a result of the fire the
.inhabitants area emoraiizea and a teie-
i gram tias oeen sent, to governor aic-
Creary asking him to call out the
Jac-Kson company oi iiiuma ro protect
the International Harvester Company.
Arranging with another ' professor"
for holding up two clairvoyant friends
who had "cleaned up" $6,000 and a
$1,500 diamond ring in Louisville.
Swindling many persons in New
York by card games, wrire tapping and
clairvoyancy.
Assaulting a girl in Buffalo.
Forfeiting bond in Montreal.
EOUA
Arranging two fake, horse races ininy this morning. The big fighting ma
England, one for $35,000 and one for j chine arrived in Hampton Roads last
$5,000.
Operating an - alleged $10,000
voyant swindle in Peoria. 111.
Swindling trans-Atlantic and
clair-
trans -
continental tourists
Dennis is wanted m Chicago as I made 22.77 Knots on her standardiza
"Professor Salisbury." He also is (tion run, an excess of 1. knots over
known under half a dozen aliases. Jthe required speed.
ju .f. -.v. -v ''. ..V. -v- .v. jr. .vi. .v. i,
'.- 'ic -v "i. 't 'V 't- r.f 'i -jr u' -n' - r
THE WEATHER.
i Forecast for North Carolina. -.r
jO Fair tonight with frost, slightly O
jO warmer in extreme west portion; O
O Sunday fair and somewhat warm- O
O er in interior. Moderate north- :
O east winds. .
IT TO DISSOLVE
l
, ,
by Associates
St Paul N
j
S
the;
d Press.
Nov. l.The suit
United
States vs. International
Har-jis
vester
Company to dissolve it
will to
come on for
States Court
heaving
m the Lnited;
here
.lurip-fic; Son hArn ITrtl- o A Oitl,
,1Pvt Unnv Tr, it ll0tit,-, nri,ti,
was filed Anril 30. 1912. the, sovern-
nient alleges that the International
Harvester Comnanv was nresmPd in
1 1902 as a trust, in violation of the
Sherman
the plans
Jaw; that its purchase
ul
properties and
v...,.: c!
uu&iuess w
the McCormick, Deering.
der, Busbness & Glassner
Piano, War-!
and Milwau-
Ke companies ei'eatea m that com
pany a monopoly of the business in
hinders, movers, rakes and binder
twine in the United States; and that,
in its business methods and practi
ces., the company had increased its
prices, to the grave injury of the
farmers, and had coerced dealers and
eliminated competitors.
The company, in its answer, filed
August 5. 1912, admitted the pur
chase of the harvester properties and
business of the five vendor companies,
but denied that the company was or
ganized for any unlawful purpose or
that such purchase gave it a monop
oly in the harvester trade, or that it
had increased prices, or that its bus
iness methods and practices had in
jured the farmers or the dealers, or
its competitors, but, on the contrary,
its answer stated that its organization
and. business had b--en a benefit to the
land
' f-in
' nrmerj?, vrayf . Of.: machines and
sence, and
tne uw prices or tne
machines.
The taking of evidence on behalf
or the government began at Chicago
on September 16. 1912, before Robert
S Taylor, examiner. The government
called witnesses at hearings held in
Chicago, New York, St. Louis and
Paul.
St.
On behalf of the Harvester Com
Maiij "icsooo v5r.c lanwj at ucai-
mgs
neiu a,L vjinaud,, -eu., v icuiia,,
Kans.. Kansas City, Mo.. Sioux Falls,)
S. D., St. Paul, Minn., Pittsburg, Pa.,
and Chicago.
The taking of evidence was com
pleted on June '21, last. The record
returned to the court by the examiner
consists, with the exhibits, of IS
printed volumes of about 600 pages
each.
This ca-e is believed to be a re
cord, both in the number of witnesses
examined and in the short time taken
in preparing the case for hearing.
Counsel representing the govern
ment are Edwin P. Grosvenor, special
assistant to the attorney general of
the United States and Joseph R. Dar
ling; and for the defendants, Judge
William D. McHugh. of Omaha, and
John P. Wilson and Edgar A. Bancroft
of Chicago.
By Associated Press.
New York, Nov. 1. Woman suffrage
activities in Brooklyn resulted today in
an outpouring of several thousand wo
men for a parade this afternoon which
promised to be the most, successful
demonstration of the kind ever held
in that section.
iNTERiATIWL
HARVESTER CO
THOUSANDS OF
Kyi SuFFlEtiTtS
HI'! in nm mnmr
i i O b rmmt
The regiments of women, with a the powers of government may not be
sprinkling of men, planned to march j subverted by the greed of men and the
through streets of both the residential j inherent human selfishness? An in
and business sections to the music of ! vestieation only recently conducted by
fourteen bands. Early today, it wras
learned that some of the women had
engaged a non-uuion band and there
was fear of a hitch through the pos
sible refusal of the union bands to
march.
But music or not the women were
assured of a brisk day for the march
and it was said that over 7,000 women
had enrolled to follow such well
known leaders as Mrs. Carrie Chap
man Catt and Dr. Anna Howard Shaw.
THE
DREADN AUGHT TEXAS I Commissioner Davies reviewed va
BACK AT NEWPORT NEWS, rious suggestions for amendment of
! the Sherman lav.- many of which have
By Associated Press.
Newport News, Va., Nov. 1. -After
meeting all requirements of her con
tract, despite an accident to one of
her engines, which' delayed the trials
off Rockland, Maine, four days, the
dreadnought battleship Texas returm
ed to the plant of her builders, the
Newport News Shipbuilding Compa
ngnt, out owing to ner great aeptn
she did not dock here until an early
i hour today. Members of the trial board
! expressed entire satisfaction with the
! performance of the Texas, which
TO INVESTIGATE II
THE IMST1L
SITUATION
(By Associated Pres
Atlantic City, N.
I beginning of a new
"sailu me inuusinai situation,
under the direction of President Wil
son which will contribute to the, art-1
i ministrations trust legislation pro
lamine at the session of congress be
! ginning December 1, was announced
.here last night )v Commissioner Jo
! seph E. Da vies, of the bureau of cor
porations, m an address before the
National Association of Hardware
; Dealers. , '
Whether a competitive system of
large units, or a monopolistic system
is the most advantageous to societv'
tne question the bureau will attempt '
determine. ;
it is characteristic of the quality .
rmnu ol the President of the Cmi-
, . . - U 1 t . . ill A? 1 CUIICOUC1 , CULT
ed btates that ne should desire facts conferring vith attornevs until -after
on which to base ms judgment," said;iast midnight, early this morning sign-Commissionei-
Davies. -There are now ied a petition asking the substitution
no governmental or other agencies en-;of Ge,arfJ Brandon, a Natchez lawyer,
gaged in attempting to get scientific jfor K. Samuels as co-receiver with fl.
information on this tact. We shalllr-
u ma liitu mis liivesiiuaiion wnn uie
1 A- . . . .
6uie mieinion oi woruins out in a
scientific and
air-nniidprt mnt tl-ioi
facts, absolutely as thev arP So vitaiuwl" J11U "ai1"'
ana
so rundamental is this problem. !
that to attack it in any other spirit!
would be ciiminai. What is needed!
is light: not heat. The problem bris
tles with difficulty. It will demand an '
increased approprition from congress.!
The results may not coincide with all
we hope to procure but we can. how-)
ever, obtain facts that Trill contribute!
toward correct interpretation of in- j
dustrial conditions as they exist." I
Commissioner Davies declared that!
the ultimate solution of the trust prob- i
lem depended upon the determination!
"it' 4-1, , 1 1 T , . I 1, - , .... ! -. 1 .- ,
vr. tJc mucohuu ms uuitau is auoiH
to investigate. That, he believed to be
a. fundamental behind whether the
problem might be solved, by amend
ments to the Sherman law; by an
Industrial trade commission or by ac
tion looking to regulation by the in
dividual states. If the monopolistic
system should be found to be most
eficierit" there would still remain, hej
said, in spite of that fact, a question t
whether the government should main-!
tain an attitude against monopoly
by reason of other and greater addi
tional evils it induces.
Reviewing arguments for au against
monopoly. Commissioner Davies rie-
j clared that one of the chief concerns
of the great body of people for whom
ithe government exists is, which form
cl prouuction, comoetitive or monop-
, olistic ran nrorincft and rp 1 whaf ihp
public buys most cheaply, consistent
with fair standards of living for work-j
ers. He sketched the business j
growth of the country and the rise:
of the corporation. I
"Within the last decade and a half,",
said he, ' 'two hundred corporations!
have come into property of more than 1 The book was placed in evidence at
twenty-two billion dollars. Two htm- j District Attorney Whitman's inquiry
dred artificial persons own three j yesterday but was not made public,
times as much wealth as the country j It reveals no confession. The names
owned in 1850. That sum is three and of Charles F. Murphy, former Senator
one-half times as great as the public Frawley and others are mentioned but
debt. The gross income ol one of after fencing for hours with Hennessy,
these artificial persons is equal to the 'Stilwell refused to accuse anybody flat
total revenue of the government fronvly of anything, insisting that he first
internal revenue and customs. Twenty-; get his pardon. When this was re
four of these corporations have three fused negotiations were dropped,
and one-half times the gross income j The interview in the warden's of
of the federal government. jfice with a stenographer as an eaves-
"These facts are not cited as an in-'dropper, continued for hours. The
dictment against the men engaged in ! stenographic report is broken and dis
these enterprises but simply to show 'jointed, this being explained as due to
the way in which we are growing. : the noise of passing trains. The dia
The period of greatest development logtie shows a keen verbal duel be
in this movement occurred in the face tween Hennessy and Stilwell the lat
of the Sherman law and prior to 1904 iter evasive and fearful of betrayal,
when it was first sought to be made the former seeking diligently for dis
:an active agency for the government.' closures which he believed might per-
' Tliere has come an economic rev-
olution. The unorganized many are1;
demanding that law shall protect their
rights from the encroachment of the
i organized few. Government or so-
ciety is concerned with these tremen
' dous industrial units on several dif
ferent angles. .What effect have tbse
gigantic concentrations had upon the
question of representative government
and its perpetuity? Is there danger
of the child becoming greater than
the uarent? What safeguards must
Ithe state throw about itself so that
congress has given evidences of cer
tain insidious influences that attack
the integrity of government itself.
' The economic aspects of the prob
lem, the fair, just attitude of govern
ment to capital invested and men in
terested in and directing these great
enterprises as well as to the public
at large, and what shall be done to
preserve freedom of opportunity for
business, is the problem to which con
gress will address itself in the imme
diate future.
been introduced as bills in congress,
looking to the prevention of the issue,
of watered stock, interlocking owner
ship, common directorates and other
similar conditions to which many eco
nomic e.ils are attributed. He spoke
particularly of the contention that the
government should regulate and con
trol prices.
"Our theory of government is
wrong," said he. "if our laws shall not
decree that the few men who are trus
tees for society and who should be
fairly and abundantly compensated for
the services they render, should also
be prevented from putting their feet
in the trough if they become animated
by the fundamental greed that lies in
human nature- . i
HAU G U RATI OH
INCOME TAX
NEW YORK IS
j "This problem reaches down to tbe
j fundamentals of government itself: it
Nov. 1. The;will lax tne greatest minds of this
dentine iuv
tion there is a call to all upstanding,
thinking, patriotic men to aid in u re
serving conditions which shall safe
guard the liberties of men and thai
there may be an industrial freedom
founded in this country which shall
enable our children io be men not
slaves either to an industrial hier
archy or to a governmental despot
ism. '
DEPOSITORS
PETITION FOR
NEW CO-RECEIVER.
vtv x m-imri i-Vpb
'Natchez. Miss.. Nov. 1. Twemv-one
depositors in the First Natchez bank,
nri.jv. a ,i v-,,
-T-
receiver will be named for a
nocpn hunt liro rhiflt ftnspii ir
, ... . . ,
CONTENTS OF
HEHNE9SY.S LITTLE "
BLACK BOOK
All Mater Refating to Con
ference With Stiiweil in Sing
Sing is Turned Over to Dis
trict Attorney, But Not Made
..Public.
NO CONFESSION SHOWN
Names of Murphy, Frawley
and Others Are Mentioned h
Frequently in The "Little
Black Book No Positive
Accusations, Are Made.
By Associated Press.
New York, Nov. 1. The contents
of Investigator John Hennessy's "lit
tle black book" so far as it relates to
his conference in Sing Sing with
Stephen J. Stilwell. convicted state
senator, was made public here today.
mt sulzer to challenge impeachment,
Stilwell is quoted as having said
among other things:
Hennessv "You mean vou want the
pardon before you make aflidavit?" '
Stilwell "I will give you the afli
davit, or anything, but I can't go be
fore the grand jury. I will go the lim
it. I wiil prevent them from voting
against the governor. I will put Mur
phy in jail and Frawley there too,
but 1 must protect myself, 1 must do
it.
'"There is no question but that you
can get Frawley. I am pretty sure you
can impeach Murphy but there is no
question about Frawley; but I can't
see rny way clear, I can't do it in jus
tice to myself. 1 know what it means;
no one knows better than I do.
Tf the pardon is not there I've got
to come back; there is no use talking,
1 can't, do it even if I've got to serve
the limit and take a chance for killing
myself rather than have it handed to
me."
Here the former senator
to demand his pardon first
ord goes, on:
"If I was outside this
continued
The rec-
minute T
would do it. whether I gain anything
by it or not. I would get Murphy if it
was the last thing I did before I died.
I have reasons for doing it. God! Myr
mind has almost left me."
Hennessy "Why is it a man like
Murphy can give these things for
years and years and nobody knows
it?"
Stilwpll "Because the fellows that
know these things generally are afraid!
to come out. Where did Murphy get
all his money from? He is rolling in
money he never had an office."
Hennessy "What is there
Frawley setting some money
about
from
some brewery?"
Stilwell "I can prove that. He will
always take money on ' these things.
Each one of them got $5,000 a year
from
1 SW
the brewery association inter-
OF THE
TO
i I
RRITATEI"
Much Confusion Caused In Fi
nancial District of New York
By New Law New Meas
ure Will Bring in Millions to
The Treasury.
WALL STREET IRRITATED
OVER THE MEASURE
Claim Treasury Department
Has Reversed Its Rulings
Several Times Agents
Busy Accepting and Reject
ing Coupons Rulings is
sued Last Night to Collec
tors. By As
New tion ol'
ociated Press.
York, Nov. 1. The inaugura
the income tax law was tnt
cause of much confusion in the linan
o'al district today. Institutions ana
banking houses which act ae nsca:
agents lor railroads and other :ov
porations were buy receiving and
rejecting coupon, the latter con;t.
being taken iu case where cenm
cates of ownership were lacking.
Wall street, at a whole, is in
Mate of irritation over the matter, Us
iil teebng resulting largely freai :ne
attitude of the treasury departmer
which, according to the street, na-.-overal
times reversed itself in iui
' egulations.
At the house of JJ. P. -Morgan &
Co., the fiscal agents for many large
corporations, coupons ve'e being 'e
cHved in large amounts subject to
'lie !.t!o-t rules issued by Waybiii--'.!).
representative of the nu.
-awl it would take at least a month
to pay off all coupons presented tor
io..'jii-m. r.ereioiore such navments
, used
to be made within a dav or ti
iol
presentation.
At the Chase National Bank, wjuei
ias several thousand out ot tout
correspondents for whom it collect;
coupon. pajabie iu this city, it wa
said thai coupons aie not being uc
copied for deposit but only ror coi
lection, it was required that certin
eates companying the coupons statt
whether the bonds which they rey
re.-tnt were taxable or exempt.
The income tax, the most revolution
jiry revenue rasiing power eon ferret
on the Ameikan gov rument since it;
foundation, today started upon thf
patti. thai is to bring billions into tb
public treasury. Although it has beef
disei'f-sed for many a year, and its sue
cess was assured by an amendment tt
the constitution early last spring, it
eoileotion by a government, which has
not tried it will .strain the resources
of the fertile minds in the treasurj
department and will bo accompanied
it is not doubted here, with a thous
ard complications not now foreseen
Ever since resident Wilson earl
this month signed the tariff bill witt
its income tax provision the machin
ery oi the treasury department hat
been at work upon the regulati a
that are to govern collection of th
tax. Assistant Secretary Williams las
night said that the regulations of tht
department were not difficult to uu
demand, but some other officials it
the department do not agree. Thous
ands of letters and telegrams bringing
up lor settlement points in the new
law have poured into the department
i Thev have come from every conceiva
ble source and added to the labor
of making . regulations, have madf
the task of the experts one not to be
envied.
No one in the department believes
tiie regulations so far formulated are
absolutely perfect, but they will stand
unti lsocoe one proves they should be
changed.
Since the administration began
framing an income tax law the talk
has gone tlie rounds in Washington
that it would lead to many fights in the
courts, and as the tariff bill pro
gressed through the senate many a
senator quietly expressed the view
that every line of the income tax pro
vision was a subject for a law suit.
With the law suits the treasury de
partment has little concern. Its busi
ness is to go out and get the money.
Officials believe the regulations tbey
have put out are framed not with an
idea of causing trouble to those who
must pay, but in the only way they
could be framed to safeguard the gov
ernment's interest.
The man in the street who knows
he makts more than $?.090 a year,
and who practically is icspnsible for
his share of the tax. does tot need to
begin worrying about his payments
tor the present. The operation of the
law tcday affects only banks, cor
porations and others responsible for
payment of bonds, mortgages, sal
aries, etc. For such part as they ar
found b the law they must withhold
"at the source." The amount so with
held is not immediately payable to
the treasury and the money from the
tax will not begin flowing into the
treasury vaults for many months. The
tax for ISIS is to be collected from
March I, shortly after the constitu
tionai amendment waS ratified, until
Decembtr Cl. The treasury depart
ment tcnight issued further regula
tions affecting collections at the
source of income.
DAY