Excerpt from Proceedings of the Nineteenth Annual Conference on Taxation Under the Auspices of National Tax Association: Held at Philadelphia, Pennsylvania, November 15-19, 1926 By way of introduction for the afternoon session, I want to ex plain in a few words the constitution of this meeting. Those of you who are familiar with the organization of the association and the conference of course need no explanation, but there may be new members here and it is not out of the way. The National Tax Association, as you know, was organized nine teen years ago and comprises in its membership any person who is interested in the subject of taxation. Under the auspices of this association there is held each year an annual tax conference, this being the nineteenth annual conference that has been held. The conference itself is not the association, but merely a general conference held under its own regulations and rules; therefore, as we are meeting this afternoon and the next few days as a confer ence, this preliminary explanation is in order as to the organization of the conference. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.