The Lancaster news. (Lancaster, S.C.) 1905-current, February 12, 1913, Page 3, Image 3
IJr THE INCOME TAX ^
Now that the income tax
amendment, having been ratified
by three-fourths of the
states, becomes a part of the
federal constitution, the Democratic
Congress faces the task
and the opportunity of turning
this measure to fruitful account.
This the party leaders
will undoubtedly do; and, in all
it- J-1
iiinciuiwu, at tut; special session
to be called early in the spring.
The amendment itself simply
authorizes the levy of a tax on
"incomes; it is for Congress to
fix the rate and the scope of the I
tax and to establish other spe- I
cific terms. Precisely what I
these will be is as yet uncertain. I
General opinion is that the tax I
will be limited to incomes of I
* five thousand dollars annually I
and more. In that event, a I
comparatively low rate, it is I
reckoned, would yield the gov- I
ernment a revenue of not less I
than one hundred million dollars I
a year. In England, where an I
income tax has long prevailed, |
the tax rates are higher than I
has ever been suggested for this I
country; applied to the United I
States, they would produce I
something like four million dol- I
lars a year. It may be that a I
graduated tax will find consid- I
eration and that the rate on un- I
earned incomes will be made I
higher than that on incomes I
commonly designed as "earn- I
ed." Such a plan would doubt- I
less add greatly to the govern- 3
ment's revenue from this gen- I
eral source.
Whatever the particular pro- I
visions of the law may be the I
Democrats will be eager to avail 11
themselves of the opportunity j I
+ U ~ J -L * " 11
me uuieiuiineni anoras. it
will be of especial value in meeting
any losses of revenue which
the downward revision of the :
tariff may entail. Indeed, the i j
ratification of the amendment j
could not have come more seasonably
for the Democratic
tariff program. A little less
than half the government's revenue
is now derived from duties
collected at the ports. When
one item of the tariff is reduced
or cut off, some new provision
must straightway be made for
the revenue it has furnished;
and thus the task of tariff revision
often becomes exceedingly
complex. ;
The Democrats have contended,
to be sure, and justly so,
./ that many of the existing
schedules have been framed not
with a view to meeting legitimate
government expenses, but
for the ultimate purpose of patronage
to special interests. It
has been a tariff not for reve'
nue and not for consistent projection,
but, in many of its
phases, a tariff for privilege.
Yet, every part of this system
is so involved and dovetailed
with all other parts that the
work of readjusting it presents ,
divers difficulties; and# not the j
least of these is that of com-;
pensating losses in revenue,
will therefore, simply ex- s
pedite the all-important need of j
genuine tariff revision. Realizing
this fact, the Democrats
will undoubtedly bring forward i
an income tax measure during
the early stages of the extra
session and pass it, along with
a new tariff law, without difficulty
or delay.
The circumstances that only ]
four states of the entire eightand-forty
have thus far rejected
the amendment, while thirtysix
have approved it and several
others will probably do so, J
shows the nation-wide favor
with which this progressive
measure has been received.
The amendment was proposed
in 1909 through a resolution
that passed Congress almost
without dissent. Since then it
has been ratified by a vast mainritv
r?f fV?n atntn lawluln+ii-"
, w. .vj v..v> mvmvv ?v ^ |
with little or no opposition. It
marks a Ion# and constructive
stride in the country's economic
practice, it will redound to the
enduring good of this nation
and its people.?Atlanta Journal.
A r ??????????????????
For a sprain you will find Chaberlaln's
Liniment excellent. It allays
the pain, removes the soreness,
and soon restores Jhire parts to a
healthy conditioners and 50 cent
bottles for all dealers. w
Notice of Discharge.
Notice is hereby xiven that the nndertiitned
will, on the 14th day of Feb*
ruary, 1913, make bar final return aa
admlniatratrix of the eatate ufVranklln
F. Gllea, and apply to the L^Cbate Court
of Lancaster County forjlettera diamiasory.
DOKCAJTL- OILKN,
Admlniatratrix of UAale of Franklin
J*. P. Giloa, Deceased. Ill
Jan. 16, 1913 .Jr 80-88
ITi^'ygyyr.-":' f "-^v ' '"'
THE LA
gS 55
NEWLY
At the Stoi
Goods," 01
CHILDREN'S DR]
Dozens and dozens of pretty, wel
Percale Dresses for Children ar
1 elusive ss
I have just
popular b
show you
Don't forget to
LANCAST
L A N (
*
in a splendid variety of styles
Dress an excellent value at ..
LADIES' DRES!
Ladies'.House Dresses, well made
hams, in pretty new patterns an
which is a surprising value, at 01
COAT SUITS
We are now showing our new sprii
Suits and will be glad to have
These Suits were selected with
this very decidedly in their dist
and fit features. This assortme
son's best shades, tan, gray, Sli
etc. Prices range from
LACES
One lot Real Linen Torchon Laces
with insertions to match, the bes
we've ever offered. The yard 01
CLUNY LACI
One lot pretty Cluny Laces, with
at from L
f
/
/
/
/
JMpABTEft ffEWS. FEBRUARY 12,
ARRIVED
e Where "Less IV
r "The Same IV
2SSES j|
1 made Gingham and
id Misses of all sizes,
, colors, etc. Every
. .50c, $1.00 and $1.25
SES . ;
of Percales and Gingd
styles, every one of '
ily \
$1.00 and $1.25 each
i
>
ig line of Ladies Coat
you look them over,
great care, and show
inctive style, pattern
int embraces the seaicpherd
checks, navy,
$12.50 to $20.00
5, 2 to 3 inches wide,
t bargains of the kind
lly. y 5c
1
!S
/insertions to match,
... 10c to 25c the yard
>s6 X F O R
yoe
* been so fortunate as to s<
lie of the famous
opened our new Spring lii
mps, etc., in tans, white
lack leathers. We shall b
i these.
ask for trading s
- purchase
ER MERCAf
: A S T E
>,
. . ' .. t
1913.
ATTM
loney Buys t]
[oney More
VAL
New Val and Round Thrc
pretty assortment of Na
yard
/
NET CI
Pretty new Net Window
work, etc., in wliite and j
TOE CO
R ,
SAMPL]
Now is chance to bi
spring season's very nev
wholesale price. These
right from the sample ro
course, at a reduction, w
so very cheaply. Tliesi
whipcords, serges, etc., i
shades and styles, at
$1.25, $2.00, $2.50, $3.00, !
See these early before
SPI
One Case pretty 10c Dres
only.. <
One case best 6c Apron
only
One lot 72x90 Bed Sheets
only
One lot Hand Bags, in assc
ing February to go at 1-c
us
ecure ex- Rn
VII
y> and
le of Ox*
and the
e glad to .
and
II
tamps when
2S =====
%
3
lotions i
LIV^ uaint
Goods."
LACES
>ad Laces, and an especially
rrow Babv Set Laces, at the
' 5c
JRTAINS
Curtains, with Battenburg
\rabian shade, at
$1.50 to $5.00 the pair
E SKIRTS
ly a nice Dress Skirt in the
rest and best styles at actual
Skirts WPl'fl no
.. V VtVAiT VI VU \jVJ UO
torn here and were bought, of
hich enables us to offer them
e are made of mixed goods,
n quite a variety of pleasing
$3.50, $3.85, $4.00, $4.50, $5.00
the best numbers are gone.
:cial
>s Gingham, February price j jj
8c the yard
i Gingham, February price
.4c yard j
i with seam, February price \
31c each \
irtcd styles and prices. Dur\
off from regular price.
Ve now have a ! '
itton Covering
Machine I
will cover buttons ||[,,
short nnfirp III
' i
making cash
IMPANY I
s c I 1
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