Save Our Merchant Marine: Vote Yes on Amendment No. 8

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England 20,43!,543 TONS SAVE OUR MERCHANT MARINE Germany 5,082,061 TONS Norway 12,457890 TONS VOTE YES ON THIS AMENDMENT NO 8 ON NOV. BALLOT Amendment as follows: "All vessels of more than fifty tons burden regis- tered at any Port in this State and engaged in the transportation of freight and passengers, shall be exempt from taxation, ex- cept for State purposes, until and including the first day of January, 1935.” France 12,201,764 TONS United States 1,998,457 TONS (TRADES SEN COUNCIL URUT LOUIS ROESCH CO. LITH.S.F. OVER

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Reasons Why This No. 8 Constitutional Amendment "Exempting Vessels from Taxation” Should be Adopted November 3, 1914 1. This is NOT an INITIATIVE petition. The measure was passed by both houses of the last Legislature after a THOROUGH INVESTIGA- TION OF ITS MERITS, and after consideration of the very great influence such an exemption will have in the upbuilding of the California Merchant Marine. 2. Under the present revenue laws, we tax the owner of a vessel, who is patriotic enough to register his vessel from a California Port. We then penalize him in business by exempting from taxation his competitor whose vessel is reg- istered from some port outside of California. 3. But four Counties in this State will be effected by the adoption of this amendment, and the taxes lost will be returned many times over by the ex- penditure of thousands of dollars for outfitting, repairs and salaries for the many vessels which are willing to register here and have their home port in California provided this local tax was removed. 4. This amendment exempts taxes for 20 years only, and then only for Local Purposes. Vessels will still be subject to State Taxation similar to all other classes of property. 5. To attract shipping to our ports we must offer the proper inducements, and the first step neces- sary is to abolish this very unjust discrimination in the taxation of vessels. Of the 48 measures presented on the November ballot DO NOT FORGET to Vote YES For No. 8 Cover] TRADES COUNCU) ROESCH CO LITHS