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