Newspaper Page Text
Court of Pittsburgh wins first place
in the league, Ellis of the same city
placing second and Maupome third.
Jack Dillon is planning a trip to
Australia next fall to meet Les Darcy
in Sydney for the middleweight title.
The Hoosier has been offered $10,000
to make the trip.
Bill Brennan floored Boer Rodel
five times in three rounds at New
York, the referee then stopping the
bout
-o-
FIGHT OVER HARKNESS ESTATE MAY STIR
U. S. TO RECOVER MILLIONS IN STOLEN TAX!
BY BASIL M, MANLY
Noted Economic Investigator
The contention over the estate of
L. V. Harkness, lately deceased Stan
dard Oil magnate, said to be valued
at $100,000,000, has uncovered what
may prove to be one of the greatest
frauds in the history of the United
States income tax, involving more
than '$1,000,000 in taxes and penal
ties. A record of 700 pages has been
filed in New York in connection with
a suit by the state of New York to
determine whether the estate is tax
able under the New York inheritance
law. The heirs have set up the claim
that the estate is not taxable, alleg
ing that Harkness was not a resident
of the state of New York, but.6f
Louisville, Ky.
Among the records is evidence
showing that the total federal in
come tax paid by Harkness was $58,
035. The records do not reveal the
exact value of the estate, but the
statement of the New York state tax
commissioners places the value of
the estate at $100,000,000. This es
tate consists almost entirely of
stocks and bonds, among which the
most numerous are Standard Oil se
curities which not only pay enor
mous dividends, but which have, also
nearly doubled in value since the
time of the famous "dissolution."
Even at the rate of 5 per cent, which
is far below the average rate on
stocks, the income from an estate of
$100,000,000 would be not less than
$5,000,000.
The income tax on $5,000,000 is
$341,020. The income tax actually
paid by Harkness was only $58,035.
The loss to the U. S. treasury there
fore would be $283,000 per year. This
is positive proof that the conditions
which I am exposing to you exist in
numerous instances.
The income tax has been in effect
two years. The total amount lost by
the U. S. at this reckoning would
therefore be more than $500,000.
I, who have made a thorough study
of the workings of the federal income
tax, declare to you that the alleged
frauds uncovered in this case are
merely typical of the enojrmous eva
sions systematically practiced today
by the richest men in America. Ac
cording to my estimates, instead of
the 60 who reported incomes of more
than $500,000 in 1914, there would
have been more than 100 with in
comes greater than that amount!
How long are we Americans going
to tolerate this?
Manly's next article exposing the
fraudulent attempts to defeat the in
come tax law by the very rich will
appear in this newspaper Monday.
oo
ANTI-ENLISTMENT LEAGUE IS
ORGANIZED
Tuesday evening, May 2, an Anti
Enlistment league was organized at
712 Loomis sL The purpose of the
league is to combat vicious propa
ganda of militarism by a propaganda
of anti-militarism. Members are
pledged against enlistment in any na
tional war.
Series of meetings are being ar
ranged, first of which will be at 7th
and State, st, Saturday afternoon,
May 6, at 2 p. m., and at Madison and
Union sL, Saturday, May 6, at 4 p. in,
