London vit Bombay, 16th April.
President Roosevelt, in a speech, said ib would ultimately be necessary to consider the adoption progressive tax on the transfer of unhealthily swollen fortunes, to prevent individuals from inherit ting more than a certain amount—Reuter.
Later, President roocevelt's speech has caused a sensation in America equal to the Kaiser's telegram. The limitation of inherited fortunes is described as advanced socialism and it is anticipated thie will overshadow all fending economic
Text read from the printed page and cleaned; old type leaves the occasional error.