Evening star., 1918-08-16
FORMS ARE NOW READY
!, FOR CAPITAL STOCK TAX
BY ]. A. FLEMING.

i Capital stock tax forms are now
ready. No. 7o7 and No. 7os. with regu-
lation No. 50. giving full details as
to the manner in which the tax Is to
be computed.
The returns are for the year ended
June 80. 1918, and are to be made
by all corporations. The Information
called for is voluminous, and includes
. condensed balance sheet and a
statement Of credits, liabilities, etc
Form No. TOT is for domestic and
No 7os for foreign corporations As
yet there has been no extension of
the time for filing these schedules the
due date being August 81, but it is
practically certain that an extension
to October will be granted because
of tho delay in preparing the forms.
Commissioner Roper told the ways
and means committee yesterday that
no corporation can be assured for
definite time that its return for 1917
has been accepted or that 1t will not
be assessed for more axes because
of overestimate of capital"
He explained at some length the
difficulty of examining and checking
the returns and asserted that it
would be two years before full ex-
animation of 1917 records was COM
pleted.
Representatives of the Investment
Bankers Association were in the city
this morning. and appeared before
ably on the proposal to apply surtax
b state and municipal bonds.
l.; Cities Service Bond Offering.
Henry L Doherty & Co. and Mont
komery & Co. are offering for sub
8oription at 1929 and interest $6,000,-
600 of Cities Service Company, series
q, per cent gold debentures, dated
January /. 1918. and maturing jan
nary /. 1866.
These bonds are part of an author
feed issue of $4,000. 900. of which $21.-
100000 is in the company's treasury
and sS.7s5,0oo is in the hands Of
the public
Shareholders of the company have
prior right to subscribe to the deben-
lures up to August s. They are
direct obligation of the Cities Service
Company, and the only outstanding
funded obligation. save $45.400 un-
converted series A convertible gold
debentures.
The debentures are convertible also,
after January 1. 1920, at the option
of the holder, on the basis of $1,000
, debentures into eight shares of the
preferred and two shares Of common
stock of the corporation. together
with cash and stock dividends from
January /. 1918. to date of conversion.
Damaged Thrift Stamps. !.
Postmasters have been ordered by
the department as to their action in
the matter of redemption of soiled
and damaged war savings and thrift
stamps that. where portions of these
stamps are manifestly more than one
half of the original stamp, they shall
be recognized as good stamps and re-
ceived at full face value.
In the same ruling portions of
stamps that are manifestiy less than
one-half of the original stamps shall
not be given any recognition or credit
whatever.
Stamps 30 badly damaged by fire or
otherwise that certificates to which they
are attached cannot be presented at the
post Office for redemption may be sent
TO the Secretary of the Treasury, divi-
sion of loans and currency, with a sworn
statement of facts and a request for re-
demption.
On the Stock Exchange.
Today's transactions on change con-
sisted of $1,000 Washington Gas Com
pany 5 per cent bond at 99h, and a few
shares of Mergenthaler at 112k.
In Federal Reserve System.
The New Britain Trust Company. New
Britain, Conn, resources. Sc, $4,000; the
Westfield Trust Company of Westfield,
N j., 100, 900: Iowa Savings Bank,
Fairfield. Iowa. S1.s25. 900. and the Swift
County Bank OF Benson. Mimi. Sl,45S,-
600. were today admitted to the federal
reserve system.