The Denison review. [volume] (Denison, Iowa) 1867-current, 1919-03-12
COUNTY BREEDERS TO MEET

SOONI onee06uo ~ WEE
The meeting of the owners OF pure
bred livestock that was to have been
held February IA was called off on
account of the blizzard that day. 1t
was decided at that time to hold the
meeting Tuesday, March 10, when it
is expected that every owner of one
or more pure bred registered female
animals will attend. Mr.. Rex Beres.
ford of the Animal Husbandry Extern
sion Department has been secured to
attend and give talk. Mr.. Beresford
Is pure bred livestock breeder, him.
self, practical farmer operating
large farm, and has helped many coun-
ties throughout the state to perfect
organizations. ,s-. 3, 5@@ ~. l.
1t is proposed to organize what will
be termed a County Pure Bred Live
stock Breeders Association" Craw-
ford county has over one hundred and
twenty-five pure bred breeders, and
every one of these men ought to at
tend this meeting, and bring some one
else. A committee is now working on
q set of bylaws and constitution,
and will have them ready for the meet.
ing of the 18th, when they will be pre-.
scented for adoption. Officers and d.
rectors are to be elected at this meet
ing. The breeding and raising Of live.
stock has become a very lucrative
ize; men engaged in other lines of
business have organized and are or
ganizing for the mutual benefit, and
are reaping results. The livestock
man is just as up to date as the. aver
age town business man, and there is
no reason on earth why he should not
organize and promote the welfare Of
his business. We trust there will be
a large attendance at the meeting on
Tuesday, March 10. 4
=
WHEAT At 1926 PER BUSHEL.
The administration wheat guarantee
bill finally slipped through congress
at the last minute, and is now ready
for the presidents signature. It is
confidently expected that he will sign
the bill. The measure appropriates
$1,000, 100000 as a revolving fund for
the purchase Of wheat. and authorizes
the president to create an agency or
agencies for the purchase Of the 1919
crop at q guaranteed price of $2.26 per
have authority to control all COM
nerce in wheat and wheat products.
PUBLIC SALES TO BE TAXED
An income tax man was at Rockwell
City the other day, and on being inter.
viewed, furnished the following par
ticulars as to the profits of auction
sales:
Farm auction sales will have to be
treated just the same as sales of land
or other property. The profit must be
computed in the same way Deduct
from the cost of the property, il
market value of that date if acquired
before that date, the proper allowance
for depreciation, Tin case Of farm
equipment, but of corse not of live
stock) which has occurred since
eIarch l, 1913, or since the property
was acquired, and subtract the re
mainder from the sale price. The bal
ance must be. reported as profit. Stock
sold at sale would be all profit, II the
taxpayer raised it; If he bought it hi
can deduct. the cost. If the seller ha!
been taking inventories in the past
and his books, if inspected, would
prove it, the price at which the stool
was bought cannot be deducted for the
reason it is already reflected in the
inventory.
ut would be big undertaking t.
figure this all out for all Of the prop
erty sold at sale, and deputy collect
ors and bankers, in preparing returns
would have to require the taxpayer
largely, to furnish written data, s:
that the proper depreciation can b.
shown at glance +*.
A ~
August Lorenzen, of Deloit, drove
home new Studebaker, of four cyl
inder capacity, on Friday. The cal
was purchased through the Denisor