12 
NOR TASH. ORT Bike eas 
A Little Surplus Laid Aside 
Gives One a Feeling of Security and Pride. 
The Good It Will Do You ; 
Is Well Worth Your Honest Effort. 
THE MANCHESTER TRUST COMPANY 
MANCHESTER-BY-THE-SEA, MASS. 
Banking hours 8:30-2:30; Sats. 8:30-1; Sat. Ev'gs. 7-8 (deposits only) 
RAYMOND C. ALLEN 
Assoc. Mem. Am. Soc. C. E. 
Member Boston Soc. C. E. 
CIVIL ENGINEER 
Investigations and Reports—Design and Superintendence of Con- 
struction—Design of Roads and Avenues—Surveys and Estimates. 
ESTABLISHED 1397 
Lee’s Block, Manchester :: 
MANCHESTER 
Miss Marie Lampron was home 
from Boston over Sunday. 
Arthur $. Dow is out with a hand- 
some new Hudson Super-six touring 
car. 
Henry Menkin will not return 
from Brooklyn, N. Y., until after 
Thanksgiving. He went there last 
week on his annual vacation as head- 
gardener at the F. M. Whitehouse 
estate. 
Manchester 
23 : Tel. 73-R and W 
Hollis A. Bell has joined the ranks 
of the motorists. He has just bought 
a Ford. 
Mr. and Mrs. Duncan T. Beaton 
plan to leave after Thanksgiving for 
a two or three weeks’ visit with rela- 
tives in Maryland and Washington, 
Dake 
Miss Bessie Bohaker will live this 
winter in Winter Hull, Somerville, 
which is more conveniently situated 
for her work in the office of the B. 
& M., North Station. 
Flectric Co. 
ELECTRIC LIGHT and POWER 
Celebrate Electrical Week by adding to your home one of the many electri- 
cal appliances which add pleasure to the household. 
See our circular which 
offers you an unusual opportunity to do this. 
Office: 
21 SUMMER STREET 
VS 
Telephone 168W 
T. A. LEES, Manager 
Nov. 24, 1916. 
MANCHESTER BROTHERHOOD 
New Income Tax LAw Susject oF 
INTERESTING Discussion By 
Puitie NICHOLS. 
Philip Nichols, a Boston lawyer 
who assisted materially in the draw- 
ing up of the new special state in- 
come tax law, explained the plan and 
working of the measure before 70 
members of the Men’s Brotherhood 
in the vestry of the Manchester Bap- 
tist church on Monday evening. He 
characterized the law as the most 
radical tax measure since the days of 
the Plymouth Bay colonists. 
“The new state income tax law is 
not a general law like the Federal in- 
come tax law, but really might have 
been three special laws. Its purpose 
is not to increase revenue, but to 
alleviate the burden of taxation upon 
certain people and to equalize taxa- 
tion. 
“The law, like ‘all Gaul’ in Caesar’s 
time, is divided into three parts. The 
first part provides for a six percent 
tax on certain investment securities. 
Since the first settlement of the col- 
onies the principle of taxation has 
been for each town to levy a tax upon 
real estate where it lays and upon 
personal property at the place of 
domicile. In the early days trading 
corporations were unknown, but 
about 1800 the problem of taxing - 
them came into being. At first a tax 
was levied upon the property of the 
corporation and also upon the hold- 
ings of the stockholders, but this was 
soon seen to be double taxation and 
the method of assessment was 
changed. 
“One form of intangible property 
which has been a problem for the tax 
assessors has been the bonds of 
foreign corporations held in Massa- 
chusetts. To tax this property at the 
average rate of $18 per thousand 
would mean an income tax of almost 
50 percent in many cases. This has 
had a tendency to drive holders of 
this form of investment securities 
from towns with a high tax rate to 
those with a low and has also caused 
evasion of taxation. Even in a low 
tax rate town like Manchester it 
meant that a man must pay as high 
as 25 percent of his income from this 
source, if the law was enforced. And 
the only time it was enforced was at 
a time of death when the property in 
the hands of the trustee was filed in 
Probate court. This was at a time 
when taxation was least able to be 
borne. That law drove wealthy 
people out of the state and served to 
increase the burden of taxation upon 
those who remained.” 
The second phase of the new law 
