Monday, Dec. 27, 1926
Taxed
Secretary George B. Chandler of the Ohio Chamber of Commerce had worked over the tables of state taxes. Last week he stated dour facts. In Ohio, Carnegie Steel Co. (subsidiary of U. S. Steel) paid 24 different taxes last year. Youngstown Sheet & Tube Co. spent more on taxes than on dividends. International Harvester Co., needing a new plant site, studied Ohio taxes, and picked Fort Wayne, Ind., just over the border. U. S. Steel Corp. last year spent $25,000,000 in Pennsylvania, $20,000,000 in the Indiana-Illinois district; and Youngstown Sheet & Tube Co. built in Michigan; American Rolling Mill Co., in Kentucky. "There has not been a single new basic industry of any size located in Ohio for three years," declaimed Secretary Chandler. Ohio must lower taxes.