The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912, 1901-05-03
IN THE HOTEL LOBBIES.

N'AAoA 'No II uCpuly SollcCNOI VI III.
ternal railroad revenue, to-day ire
minds me that some valuable informal
ton of great interest has been issued
from the treasury department at Wash
ington. by j. w. Yerkes. commissioner
Of internal revenue. The information
is contained in a letter replying to
question from an internal revenue col
lector.''
The letter is as follows:
Sir: This Office is in receipt of your
letter Of the 18th utimo. asking several
questions relative to the act of June Is,
1898. as amended by the act of March
2. 1901.
I'm reply to the portion relating to
the tax on legacies, you are Informed
that section 80, as amended, provides
that the tax or duty shall be due and
payable within one year after the death
of the testator. and this must be done
Notwithstanding the laws of the state
of Missouri, which allow two years for
settlement OF the estate.
IF at the end Of two years the execu-
tor finds that he has paid too small a
tax, supplemental return must be
made. and if it is shown that he has
paid an excessive tax, a claim for the
refund Of the amount paid in excess
can be filed. This can be made by the
executor or administrator of the estate
within two years after the cause Of
action accrues.
The taxes paid under the provisions
of sections 20 and 30. as amended. are
to be deducted from the particular lega-
cy or distributve share, on account Of
which the same is charged.
SECTION 30. as amended, provides that
every executor, administrator or trus-
tee. having in charge or trust a legacy
or dstributive share. shall give notice
thereof to the collector within thirty
days after he shall have taken charge
of such trust. No special form of no.
tice is prescribed, except that it must
be in writing
THE latest thing in monopolies," said
Edward F. Fame. of New York. at the
McDermott this morning. sis an artificial
leg trust. The place Of its birth Is the
| great eastern metropolis and the capital
that is going behind the project is as
tonishing. Yes 1t is certainly unique
| scheme. in one sense of the word, but
at the same time promises to be par
| ticularly good paying investment.
you see there are not many manu-
facturers Of really good artificial limbs.
| Then those manufacturers do not put
| out just the sort of article that suits
| those who are compelled to wear their
| products. Many of the limbs are rated
| as first class and all have some particu-
| larry good features. But none comprise
! all the essential points that together
| would make the life of the wearer of
| an artificial leg, or arm pleasant.
Then you must remember that each
| manufacturer has protected the finest
points Of the limbs by patents. so that
| it would be impossible for any manufac-
| turer to encroach on the limb of an
| other, should he desire, as would be ma
| tural to improve the article he Is pro-
| ducing.
THE trust will solve the problem
! When the manufacturers of all kinds of
| artificial limbs are combined it will be
! to their respective and collective inter-
| ests. to embody in the limbs to be manu.
| featured by the trust, all the good quail
| ity of the various limbs individually
| manufactured.
| 1.-The idea of the trust came about in
this manner. A Boston genius invented
| an artificial leg that was said to be
almost perfect. It was way ahead Of
| anything else now being manufacture
| ed. in more than one particular, but it
| of course embodied some of the qualities
| of the other limbs being manufacture
| ed.
| THE new leg, 1t is claimed, is so per-
| feet that an old veteran who lost his
| leg in the civil war and who after try
| ing various kinds Of artificial legs with
| out success, has decided to again don
| a made to order lower extremity. This
| veteran is credited with having vowed at
| his last artificial leg into the Potomac
| and to have vowed at that time that
he would never again wear another. His
| declaration to now change his mind is
cited as the best illustration Of the mer-
| it the new invention.
1.-The inventor of the ney leg of course
realized that he had something good
| and he wanted to make all he could out
| of it. He opened negotiations with va
| rious manufacturers. but they either
| wanted to buy his right. or grant him a
| concession. to encroach on their resnAc-
| tive investfons. for a consideration. That
| did not suit the new inventor and he
| evolved the idea of the trust to thus
| embrace all the good points of the arti
fetal legs with his invention,