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Field, Marshall, 1834-1906

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Letter from Henry Cabot Lodge to Stephen Minot Weld

Letter from Henry Cabot Lodge to Stephen Minot Weld

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