If the court should maintain its former view, no tax would be collected at all.
Editor's note · Context
Message to the Congress Concerning Tax on Net Income of Corporations
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I concur fully in the conclusions which the Secretary of War has reached and in the recommendations which he makes.
The Navy Department has no objection to the proposed salvage operations, but the Department of State holds the view that these wrecks are public property of the United States, which may be alienated only by an act of Congress or by a convention having the force of law.
The issue is not now whether we ought originally to have begun this investigation, but it is whether, having expended a very large part of the necessary amount to do the full work, we ought to break it off for lack of a comparatively small additional appropriation.
The empirical and haphazard character of this bill is shown more clearly perhaps in the amendment to Schedule A than in any other.





