Senator Lodge writes to Stephen Minot Weld about rumors of an inheritance tax being proposed. Lodge points out that the country has a budget surplus and is not in need of raising money, but says that he finds inheritance tax to be one valid method of raising funds for civilized nations. Lodge thinks rich men should pay tax upon their property to even the burden. Public ownership of property, for which William Jennings Bryan, John B. Moran, and others are calling, verges on socialism and could cause disaster. Lodge is confident in President Roosevelt’s stand against government ownership.

Collection

Library of Congress Manuscript Division

Creation Date

1906-10-09

Creator(s)

Lodge, Henry Cabot, 1850-1924

Recipient

Weld, Stephen Minot, 1842-

Language

English

Period

U.S. President – 2nd Term (March 1905-February 1909)

Repository

Library of Congress Manuscript Division

Page Count

4

Production Method

Typed

Record Type

Multi-image

Resource Type

Letter

Rights

These images are presented through a cooperative effort between the Library of Congress and Dickinson State University. No known restrictions on publication.

Citation

Cite this Record

Chicago:

Letter from Henry Cabot Lodge to Stephen Minot Weld. [October 9, 1906]. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o54579. Theodore Roosevelt Digital Library. Dickinson State University.

MLA:

Lodge, Henry Cabot, 1850-1924. Letter from Henry Cabot Lodge to Stephen Minot Weld. [9 Oct. 1906]. Multi-image.
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. May 15, 2026. https://www.theodorerooseveltcenter.org/digital-library/o54579.

APA:

Lodge, Henry Cabot, 1850-1924., [1906, October 9]. Letter from Henry Cabot Lodge to Stephen Minot Weld.
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o54579.

Cite this Collection

Chicago:

Library of Congress Manuscript Division. https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division. Theodore Roosevelt Digital Library. Dickinson State University.

MLA:

Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. May 15, 2026. https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.

APA:

Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. Retrieved from https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.