NOTICE.
At the direction of the Jackson
ccunty court notice^ is hereby given
that there has been filed in said court
the petition of T. J. Gregg, C. R. Hite,
C. G. Henry, R. B. Hooker and N. B.
Wishon, as Directors of Ijewport Le
vee District, representing that the
improvements contemplated by said
Newport Levee District will be of
material benefit to the real property
^ located within the following bounda
ries, to-wit:
Beginning at the intersection of the
left bank of White River with a line
1 parallel to and 200 feet distant,
measured in a Northerly direction at
right angles, from the South line of
Section 2, Township 11 North, Range
/ 3 Wre^t, at a point on the boundary of
the Newport Levee District, said
boundary being described and set
forth in Section 1 of Act No. 249 of
the General Assembly of the State
of Arkansas for the year 1917.
Thence Northerly, along the left
bank of said White River, to an inf
tersection with a line parallel to anu
1,000 feet distant, measured at right
angles in a Northwesterly direction,
from the center* line of the North
bound main line track of the Missouri,
Pacific Railway, formerly the St.
Louis, Iron Mountain & Southern
Railway.
Thence Northeasterly, along a line
parallel to and 1,000 feet distant,
measured at right angles in a North
westerly direction, from the center
line of said Northbound main line
track of the said Missouri Pacific
Railw'ay, formerly the St. Louis, Iron
Mountain & Southern Railway, to an
intersection with a line 1,320 feet
West of the North and South Quarter
Section line of Section 2, Township
11, North, Range 3 West.
Thence North, along a line 1,320
feet West of the North and South
W Quarter Section line of said Section 2,
to a point on the East and West Quar
ter Section line of said Section 2,
1,320 feet West of the Center of said
Section 2.
Thence East, along the East and
West Quarter Section line of said
Section 2 tb an intersection with a
line parallel to and 500 feet distant,
measured at right angles in a West
erly direction, from the center line of
the Chicago, Rock Island & Pacific
Railway track. , ,
Thence Northerly, along a line par
allel to and 500 feet distant,'measured
at right angles in a Westerly diree
' tion, from the center line of said
Chicago, Rock Island and Pacific
a line parallel to and 1,100 feet North
of the East and West Quarter Section
line of Section 2, Township 11 North,
Range 3 West.
< Thence Easterly, along a line paral
^ lel to and 1,100 feet North of the East
^ and West Quarter Section line of
said Section 2 to an intersection with
a line parallel to and 200 feet dis
tant, measured at right angles in a
, Northwesterly directipn, from the
Northwesterly right of way line of
the Missouri Pacific Railway, for
merly the St. Louis, Iron Mountain &
Southern Railway, at a point on the
boundary of the Newport Levee Dis
trict, said boundary being described
and set forth in Section 1 of Act No.
249 of the General Assembly of the
State of Arkansas for the year 1917.
Thence in a generally Southwester
ly direction, following the said boun
dary of said Newport Levee District,
as described and se*fc forth in Section
1 of said Act to the point of begin
ning.
And praying that the boundaries of
#%aid Newport District be extended so
as to include the territory lying with
f in the boundaries above set forth._
All persons owning real property
located within the boundaries above
set forth are hereby notified to cp*
.Taekson County Court .on
the 28th day of March- 1918. and show
cause why said petition should not
« be granted and the boundaries of said
Newport Levee District should not be
extended as prayed for therein.
Given under my hand, as Clerk of
the Jackson County Court, and fit the
direction of said Court, on this the
23rd day of February. 1913.
J. F. PARISH.
273 dl2t. County Clerk.
, To place an advertisement in the
L Independent is to carry your message
. J to the attention of the wise house
wife who needs your wares and de
fends upon the Independent to keep
her posted.
** ♦♦♦♦♦♦*
| DR. IRA H. ERWIN ♦
X * EYE ♦
X EAR X
X NOSE J,
J and THROAT J
♦ _ |
m 4 Phone 74. (
't ♦
* + WISHON BUILDING, t
♦♦♦♦♦♦♦♦♦
^ICH MAN’S WAR’1
A HATEFUL CALUMNY” |
American Business Men Ready to
Makei Sacrifices With
out Stint.
" ' r
TAXES HERE AND ABROAD.
\
I \ 1 - / < J
American Taxation the Most Demo
cratic in the World.
i
By OTTO H. KAHN.
Nothing is; plainer than that busi- !
|
ness and business meu had everything- ,
to gain by preserving the conditions I
which existed during the two and a !
0 i
half years pglor to April, 1917, under j
which many of them made "ery large j
profits by furnishing supplies, provi- I
sious and financial aid to tiie allied j
nations. Taxes were light, and this i
country was Vapidly becoming tiie j
great economic reservoir of tha-world.
Nothing is plainer than that any
sane business man in this country must
have foreseen that, if America entered
tiie war, these profits would be i.u
mensely reduced and some of them
cut off entirely, because our govern i
tnent would step in and take charge;
Iliat it would cat prices right and left,
as. in fact, it lias done; tha- enormous
burdens of taxation would have to be
imposed, the bulk of which would nat
urally be home by the well-to-do; in
short, that the unprecedented golden
How into the coffers of business was
hound to stop with our joining the war.
cr, at any rate, t:> be much diminished.
Hut it is said the big financiers of
New York wore afraid that the money
loaned by them to the allied nations
might be lost if these nation*; were de
fented, and therefore they maneuvered
to get America into ttie war in order to
save thei-r investments.
Proof That the Charge Is Absurd.
A moment's reflection will slew the
utter ahsur. ity of that charge. Let its
assume, for argument’s sake, that the
allies hid been defeated. Let us make
the wildly improbable assumption that
they had defaulted for the fine being
upon these foreign debts, the greater
part of which, by the way, is secured
by ’he deposits of collateral in the
shape of American railroad bonds and
stocks and of bonds of neutral coun
tries, aggregating more than sufficient
in value to cover these debts. Let us
assume that the entire amount of^al
lied bonds placed in America had been
held by rich men in New York and the
east instead <f being distributed, as it |
is, throughout the country.
Is it not perfectly manifest that a
single year's American war taxation and
reduction of profits would take out of
tlie pockets of such assumed holders a
►
vastly greater sum than any possible
loss they could have suffered by a de
fault on their allied bonds, not ';o
mention the heavy taxation which is
bound to follow the war for years to
come and the shrinkage of fortunes
through the decline of all American
securities it) consequence of our en
trance into the war?
Not only is the “rich man’s war”* an
absurd myth; the charge is a hateful
calumny.
Business men, great or small, are no
different from other Americans, and
we reject the thought that any Ameri
can, rich or poor, would be capable of
the hideous and dastardly plot to
bring upon his country the sorrows
of .war in order to en
rich himself. Business men are bound
to lie exceedingly heavy financial losers
through America’s entrance Into the
war. Every element of self-interest
should have, caused them to use their
utmost ufi’orts to preserve America’s
neutrality, from which they drew s:>
much profit during the two and a half
years before April, 1917. Every con
sideration of personal advantage com
manded men of affairs to stand with
and support thu agitation of the “peace
at-any-priee” party. They spurned
such ignoble reasoning; they rejected
that atialiation; they stood for war
when it was no longer possible, with
safety and honor, to maintain peace,
because they are patriotic citizens
first and business men afterwards.
Our income Tax and Taxes Abroad.
(1.) The largest incomes are taxed
far more heavily here than anywhere
else in the world.
The maximum rate of income taxa
tion here is 07 per cent. In England
it is 42% per cent. Ours Is therefore
50 per cent, higher than England's, and
the rate in England is the highest pre
vailing anywhere in Europe. And iu
addition to the federal tax we must
bear In mind our state and municipal
taxed.
(2.) Moderate and small incomes, on
the other hand, are subject to a far
smaller fata of taxation here than la
England.
la America Incomes of married men
up to $2,000 are not subject to any
federal Income tax at all.
In England the income tan Is:
4% per cent, on $1,000
6%.1,600
7%.2,000
(These are the rates If the income Is
derived from salaries or wages'! they
are still higher if the Income Is derived
from rents or investments.)
The English scale of taxation on in
comes of, say, $3,000, $5,000, $10,000
and $15,000 respectively averages as
follows as compared to the American i
rates for married men:
Income tax In In
rate on England America
$3,300 14 per cent. 2-3 of 1 p. c.
5,000 10 per cent. 1% p. c. 1
10.000 • 2o per cent. 3 Vi p. c. ,
15.000 25 per cent. 5 p. c. i
(If we add the so called “occupa- |
tionnl” tax our total taxation on in
comes of $10,000 is 6% per cent, and
»>n incomes of $15,000 9% per cent.)
In other words, our income taxation
is more democratic than that of any
other country in that the largest in
comes are taxed much more heavily
and the small and moderate incomes
much more lightly than anywhere else
and incomes up to $2,CC0 for married
men not taxed at all.
(3.) It is true, on the other hand,
that on very large incomes—as distin- j
guished from dim largest incomes—our
income tinf is somewhat lower than
the English tax, but the difference by
which o»ir tax is lower than the Eng
lish tax is incomparably more pro
nounced in the case of small and mod
erate incomes than of large incomes.
The “Excess Profits” Tax Here and
Abroad.
l\fnronvpr ff ua tn mir Inpnmp
tax our so called “excess profit tax,”
which is merely an additional income
tax on earnings derived from busi
ness, we shall find that the total tax
to which rid) men are subject Is in
the great majority of cases heavier
here than in England or anywhere
else.
(4.) It is likewise true -hat the Eng
lish war excess profit tax is 80 per
cent, (less various offsets and allow
ances), whilst our so called excess
profit tax ranges from 20 per cent, to
60 per cent.
But it is entirely misleading to base
a conclusion as to tt'ie relative heavi
ness of ihe American and British tax
merely on a comparison of the rates,
because the English tax is assessed
on it wholly different basis from the
American tax.^
The American excess profit law (r.o
called) taxes all profits derived from
business over and above a certain
moderate peafentage, regardless of
whether or not such profits tire the
result of war conditions. The Ameri
can tax is a general tax on income de
rived/ from business in addition tc
the regular income tax. The Eng
lish tax applies only to excess wai
profits—that is, only to the sun1
by which profits in the war years
.exceed the profits in the three years
preceding the war, which in England
were years of great prosperity. In
ottier words, the English tax is nomi
nally higher than ours, but it applies
only to war profits. The normal prof
its of business—i. e„ the profits which
business used to make In peace time—
are exempted in England. There, only
the excess over peace profits is taxed.
Our tax, on the contrary, applies to all
profits over and above a veny moder
ate rate on the money Invested fn
business.
We Tax Normal Profits, They Tax Only
War Profits.
in short, our lawmakers have de
creed that normal business profits are
taxed here much more heavily than
in England, while direct war profits
are taxed less heavily.
You will agree with me iu question
-ing both the logic and the justice of
that method. It would seem that it
would be both fairer and wiser and
more in accord with public sentiment
if the tax on business in general were
uecreugeu uuu, uu uic uiuci imuu, ail
increased tax were imposed on spe
cifie war profits.
(5.) Our federal Inheritance tax is
far higher than it is in England or
anywhere else. The maximum rate
here on direct descendants is 27% per
cent., as against 20 per cent, in Eng
land. In addition to that, we have
statt^, inheritance taxes which do not
exist in England.
(G.) Of her total actual war expen
ditures (exclusive of loans to her al
lies and interest on war loans) Eng
land has raised less than 15 per cent
by taxation (France and Germany fat
less), while America is about to raise
by taxation approximately 28 per cent
of her total war requirements (exclu
sive of loans to the allied nations and \
of the amount to he invested in mer- !
cantile ships, which, being a prodtie- |
tive investment, cannot properly tie j
classed among war expenditures)
We men of business are ready >> .,
willing to be taxed in this emergency
to the very limit of our ability and to
make contributions to war relief work
and other good causes without stint.
The fact is that, generally spealilng,
capital engaged in business is now
being taxed In America more heavily
than anywhere else in the world. We
are not complaining about this: we do
not say that it may not become neces
sary to impose still further taxes; we
are not whimpering and squealing and
agitating, but—we do want the people
to know what tire the present facts,
and we ask them not to give heed to
the demagogue who would make them
believe that wc are escaping our share
of the common burden.
PREDICTS BEGINNING I
OF END OF HUN
MILITARY MACHINE
(Continued from page 1).
through the Red Cross, the Commis
sion of Relief in Belgium, ^nd in
other ways.
“The morals of the hard pressedj
Belgians has been sustained and in- j
creased by the knowledge that the
citizens of the United States were j
standing with them in the battle for |
freedom and justice. You have light- j
ened our load and enabled us to con-1
I
tinue the struggle,” said the general.
He paused, and then added with
great feeling:
“I assure you that the first thing :
Belgium will do after the conclusion !
of peace will be to erect a monument j
to her good friend.”
The general turned to the outlook
for the Allied arms on the battlefield, j
“We do not underrate the strength j
of our opponents,” he said, “Germa- j
ny is a military nation, a powerful j
nation, and she is not yet defeated. •
America, however, has brought into
the conflict the additional resources
necessary to tip the balance in our
favor, and an allied victory is assur
ed. The outcome of the war now
hinges on the question of numbers, j
and the superiority rests with us.
“Germany will fail in any offen
sive which she may be preparing for
on the western front. The allies are
ready for any move and will present
an unbreakable line. If the enemy is
going to Stake everything on a big
a-tUlCtt. mill IS calling cruu xv~ \
source he can command, he will have :
reached the beginning of the end j
when he fails to brealc through, for |
the counter strokes of the allies can
result in only one thing—defeat for
Germany. It may take some time to
put tKe finishing touches on the vic
tory bit this will be accomplished.
“So far as the Belgian army is con
cerned it is prepared for eventuali
ties. The morals of the troops and
of the civilian population. never has
been higher than it is today. Our
soldiers are eager to fight. At times
we have had difficulty in restraining ;
them until the proper moment for
action, for they chafe under the re
straint. But they must be content to
await developments. They are ynly
one wheel of the great allied machine
and every part of that machine must
work in co-operation to make it run
smoothly. Whenever the call comes
we shall be waiting to respond with
avery atom of strength which we
rave.
“The entrance of America into the *
war lias done much- to cheer cur -
troops. The fact that the United
States is with us, both as a friend
and as a fighting ally, means to the
man in the trenches that he is not
making a vain sacrifice. He is sure
of victory and is more eager than
over to carry the battle to the c ''no/
;amp. “Our confidence in t' out
S01T.0 of the war has been strengthen-!
od greatly by the business-like way
in which tlje United States govern
ment has undertaken its task. I re
oently saw some detachments of
American soldiers who have come to
fight with us. They were fine, chan
cut men, athletic, intelligent and in
tensely energetic. It was an inspiin
tion to see them. There is more her
fighting in sight, but we shall win.”
Read the Advertisements in the In
dependent.
I
The Rock Island Lines, through
its Safety Bureau, WARNS.you j
that the following practices are |
DANGEROUS, as indulgence
therein too frequently results in
loss of life, limb and minor acci- |
dents.
Failing to “Stop, Listen and Look j
Both Ways” before attempting to ,
cress a railroad track whether on j
foot or in a vehicle.
Trespassing upon the Right of j
Way, tracks, engines, cars or
trains of any railroad.
Permitting children to use the
railroad Right of Way as a “short
cut” or using it as such yourself.
Standing too close to track when
a train is approaching.
Bonding or leaving moving
trains.
Leaving trains on side opposite
the station platforms.
Riding upon the platforms or
steps of cars while in motion.
Putting head or arms out of car
windows.
Permitting your baggage to re
main in car aisles.
Permitting children to run about
the train while in motion, or go.
from car to cat unaccompanied by
an adult.
Throwing bottles and other ref- j
use from moving trains. >
TAKING CHANCES AT ANV
TIME OR IN ANY PLACE. ,
Help Us to “Prevent Injury.**
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