The Independent . t incomesof more than three thousand dollarsor heads of families with incomes ofmore than four thousand dollars willpay a tax of two per cent instead of theold rate of one per cent, and higherincomes will also be taxed at a higherrate than hitherto. The corporationtax is also increased and a graduatedinheritance tax imposed upon fortunesof more than fifty thousand manufacturers are subject toa special levy of one-eighth of their netprofits. The Paper The Federal Trade Com-p . mission is now completing an eight months investi-gation of the high cost of news pr
The Independent . t incomesof more than three thousand dollarsor heads of families with incomes ofmore than four thousand dollars willpay a tax of two per cent instead of theold rate of one per cent, and higherincomes will also be taxed at a higherrate than hitherto. The corporationtax is also increased and a graduatedinheritance tax imposed upon fortunesof more than fifty thousand manufacturers are subject toa special levy of one-eighth of their netprofits. The Paper The Federal Trade Com-p . mission is now completing an eight months investi-gation of the high cost of news printpaper. The testimony of publishers andjobbers has been taken, but some largemanufacturers have refused to testifybefore the commission on the groundthat they had not had time to study thetables prepared by the federal investi-gators revealing large profits. Smallpublishers have suffered most, and adistribution plan is therefore urged bywhich large publishers would agree torelinquish a part of their normal paper. supply for next year. Various methodsof relieving the situation have beenproposed. Many publishers have en-tered buying associations or startedpaper making plants of their own; andA. J. Mclntyre, of the NewspaperPublishers Association, predicts thatwithin less than two years the pub-lishers will be virtually independent ofthe paper makers. The officers of theMinnesota Editorial Association, con-sisting of owners of country news-papers, have urged the state to estab-lish a publicly owned paper mill whichwould not only meet the needs of thenewspaper men but would provide asteady income for the state and fur-nish useful employment for Minnesotaconvicts. The state owns large tractsof timberland, so that the only cost ofthe venture would be for the operationof the paper mill. Representative Dil-lon, of South Dakota, has another wishes Congress to lay an embargoupon print, book and linen paper, pulpand its products, and has introduced abill to that effect. He asser
Size: 1777px × 1406px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1800, bookdecade1840, bookpublishernewyorkswbenedict
