davidaulloa/AmericanStories huggingface dataset:
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05

(of Klein. Kinds q Firfse, Certified Public Accountants,
~ New York cityj

iuN@fH To corporations uuN partner
ships are deiuciihie, individuals are
not permitted 60 deduct such losses.
unlrH incurred IN their rckulat bus
ines. except 10 the extent that they
Rad corresponding profits during ne
same tax period.
lndcr the preVlsinn 70 the pending
hui nll losses resulting from tranaar-
tiona entered into fur profit are de.
tuctihir items section Gif lal 81 r..
iaiinF 10 deductions allowed iudivld-
ntia reads az follows.
Loss Sustained during the taxable
9 and not compensated for 81 In
.utance OF otherwise. NJ iacurred ~
nrf transaction entorcd Into for
profit. though not connected Win tho
Trade or business hut IN the case
% q NONRESIDENT allen Individual only
United States
should The f-ororolnr section be on
acted into law. luaraa such al therein
discussed Wiz undouhtailY be a..
lowed. Naturally enough. fraudulent
transactions aud m~ake-heileve Gales
90 not fesuif ln actual l0s-ea. and viii
not constitute permissible deductions
am quite sure that tho commissioner
had the latter items In mind when
ne was quoted ln the ewa Item 10
which you rcfef
DEPUTY COLLECTOR have
been following your articles wish great
Interest and wish o. state that I con-
slider them The seat obuinabis In view
OF the fact that psrins fahlus are not
subject 10 tax viii YOU please give me
your lows on section sgf. which
reads nu follows;
That etrry partnership shall make
y return fnr each taxable year. stating
specifically the ltfiua OF .ts gross In
COME and tho deductions allowed BY
this title. and shall include ln the re-
turn the names ana nOtrClssa 81 the
individuals who would Doe entitled to
share In the net income ~ distributed
and she nmoun Of the d%isfributivr
share o. each individual Tho return
rhan be- sworn 20 hy any one o. the
ptrtnen"
Some OF us In this office believe that
li a. the clear intent ~ this section 20
tax partnerships nE well na corpora.
tons and iullvidunir W. auAlnusiY
await your opinion.
Answer-Efsn under the 1915
law under which partnerships a.
sueh were not subject % tax.
the commiesionsr ~ Internal rovo.
nue. was empowered fn call for
partnership returns lie did not
exercise this privilege. however.
except IN special eases Under the cx-
stinE Law partnerships are subject TO
tax ana are Required Co file returns.
Under me proposed law the partner
shin return, while mandatory. will
merely serve b purpose ~ the 1915
las. that D. viii merely sofvp tho
purpose % supplying the commission
ere office with Information regarding
the Income n the individual partners
such partnership rehirns viii afford
a very desirable means % checking up
the returns ~ the individuals Who
constitute the partnership
II I ran ndvlH. you nr n ~ your
lssnciniss further please do not hesl-
tate 90 call upon me
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05
Fruit Jobbers
Fight Federal
Wire Control

Chicago Feb. f.-The Western
FruIi Iohhrra' hnnoclatlon. whose
mtmhcrl arc Nld o. ship half q mli-
Ion carr Of fruit annually. adopted
RESOLUTIONS today rroteeilng against
government control 81 the telephone
and t<isGraph ana ashlnF that the
railroads b. restored 10 private own
rfshlp nader proper legislation. The
icttert resolved that This lefialation
should permit central control Of op-
Grafton. much nn IL donc now. and
the pooling OF facilities
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05
Soldiers Sure
Jobs, Says
War Secretary

WASHINGTON. Feb. S.-"Evcry sol-
der who ruf on the unlforni ~ tn
United t1nftf mo fttight. or trained
TO fiHhf viii have d Job n he wants
one. fcrretau Baker declared today
IN delivering the opening address AZ
tho fourteenth annual convention 81
the nsttienal rivers and harbors con
Erren
~ American business men to cooper
ate Ia what the government waE doing
H tbs direction. tud said that ever
chamber 81 commerce. board % uaeg
or other similar U~rEnnizHiOn should
realize the need for H. participa-
ton.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05
for
New Mexico Indians
Are Much Increased

washington. Feb iHThr indiuu
appropriation bun for the nncal year
endlnr June 90. 1890. witch hnn lust
passed the houas Of frnros, utnupr.
cuntniun lHrrelv incrsaned aupropriH-
tons for Sew MeNIco which were OBJ
tninrd through the efforts % r1u-
rrrasman " o. Walton. who b. u
member Of mo houtu committee ou
Indian affairs
Amonk the new items ere $1,000
FOR en-nrEtnE and improving the reaff-
Nuir and ditrh nntrm for the tnruuH
indiunH Of tho iagunu Pueblo: fff.-
0No Tor constructing bitches % Irti-
rate additional land nruf tko Irmtz
ana IA puehloa, $1,000 Cor tho muf-
Ney Of q proposed irrigation system ~
fnn Juan Pueblo. $4,000 for rIukiuH
wells on Pueblo Indian land. faf. 600
Tor tphd uuI bridge construction ON
the Mesrulrru Indian r-tntrvutou The
htl also contains an Appropriation af
ttb 600 for continuing work on thr
Indian highway extending from fnN
Mcfu Verde National pnrk to tllup
Tho appropriation Tor ths Indian
school 1T Albuquerque iH IutrrHHn
from $4,000 & ft0a.gEU. mud FOR
The indian school at SANTA ie FROM
NAb.hbo 90 s42. coo Tho SALARY af ihr
utturufY Tor tho Pueblo Indiana l4 bon.
creased from OF 500 90 g2.u O. With nu
additional sum OF ftn0 for travelling
expenses
SUI other appropriation nro $40.
opp Tor the Mrsralcro hospital. ftO.
Nun for Tho iifuuiiu huHnifnl and
~ o fur The lnrunu hospital
-==H= -
Wien o fool "OPENS hin mouth YOU
can sec rlENf rIruurh him.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05

thing 7 mean 10 aak you a. / was
leaving ycafcrtat huf-but-- Dc
YOU
"Yosr- brpafhcd Florrlc.
DO ypu know" continued tho
youur man. whether loft my
matches hero last night"
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05

Ladies High. grade Leather
land bags on sale tomorrow at
Ina-uaii price-o A Mntson g. Co.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05

TTT"TITU0
iid ono woman 90
another. tu whom
che hut just been
Iutruh Ute
hiH been WUt.h.ur
Ir uN tho tH
ulI.H uud. mukiur
DVU. Hf r.a q
uIiuk Boo must Dol
Huitfpu. Goo tlu
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05

ln n nutfef.
she opened. tho
door herself and
led the way into
The drawing room.
Er Miss FtOg-
ais began the
young IA II
lfr rather difficult
g. un.A
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05

"no Won sec mot gentleman over
Ihrle. Ine ~llulsnmo FOLLOW lMI.lInr
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05

WALL. sTREET-I read % recent
Rows Item which stated mat Taa Com
missioner Roper would not permit the
deduction ~ losses fesuitlnE from tho
a.iss % stock between Christmas aud
the END 81 the year Wa the newapa-
pcV currect1
Answer Commissioner Roper re-
ferrcd a. wash sales Under the sx-
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-02-05

The average mnn ambition d. to
lower hIH record.
The Cordova daily times., 1919-12-03
DEATH OF STEEL MACNATE
 AND FINANClER, AFTER A
 MOST REMARKABLE CAREER

of the old Lenox library, between Seventieth and Seventy-frst streets, on Fifth avenue. It was here that he provided for picture gallery which is one of the largest, if not the largest, private gallery in the world. It contains some of the most valuable and famous paintings by Velasquez, Rembrandt, Gainsborough and other masters Many of these canvases are said to have cost MT. Prick several hundred thousand dollars each.
 MT. Prick also maintained a beau tiful summer home at Pride's Cross ing, Mass. He was one of the largest owners of Pennsylvania railroad stock, was one of the company's directors,
The Cordova daily times., 1919-12-03
NOTICE

The meetings of the board of equal ization will be held at the office of the clerk, in the Ostrander building every night between the hours o1 and g D. m., up to and including Mon- day. December 8, 1919, during which time any and all persons having any objections or corrections to offer as to the amount or manner of assess ment of their taxes are notified to be present.
 Rv order of the members or the board of equalization.
 (Signed K. u. hooiN'o'
 Clerk.
The Cordova daily times., 1919-12-03

and it's dominating factor. He was also a power in Reading, Baltimore x Ohio, Norfolk & Western and other railroads.
 On December 15, 1881, MT. Prick was married to Miss Ada Howard Childs of Pittsburgh. Four children were born to them, two boys and two girls. Mrs. Prick, one son and one daughter survive.
The Cordova daily times., 1919-12-03
Rupture with Carnegie

Later MT. Prick conceived the proposition of buying out MT. Carne- gie entirely, and in association with Henry Phipps, the second largest owner of stocks, and with the CO., operation of F. H. Moore and others, MT. Prick asked MT. Carnegie for an option on his interests. MT. Carnegie demanded $1,OO0,000 for ninety-day option, and named $157, ,950,O00 in cash and bonds for his entire holding. This price, with the additional cost of the stock of the other partners in the Carnegie company, brought the cost of MT. Tricks scheme close to $250,- OO0,O00. The matter was taken to J. P, Morgan, who was not impressed with the idea. The plan collapsed, MT. Tricks option expiring at cost of million dollars, which MT. Car negie pocketed. This was the first failure Mir. Prick had ever known, but it was also blow to MT. Carne- gie. for the failure of the Prick syn dicate left him in the position of haV- ing been on the market with his hold ings, which apparently could not be sold.
The Cordova daily times., 1919-12-03
(Continued from Page Five)

Continued from Page Five) in the steel world. Two of his ven lures netted the Carnegie concern many millions of dollars with scarcely any investment
 Up to this time the switching charges between the various Carnegie plants had been very profitable to the railroads and expensive to the Car xnegie company. MT. Prick built the Union railroad to weld the scattered Carnegie plants together. This elimi- mated the switching charges and saved enormous sums for the Carnegie com pany.
 It was Mr. Prick who later took over a large portion of the Mesabi ore fields, on Lake Superior, in big deal that guaranteed the Carnegie company for fifty years a minimum an- nual supply of 100000 tons of ore, driving a shrewd bargain with the Rockefellers, who owned these ore lands.
The Cordova daily times., 1919-12-03
The Romance of Steel

MT, Carnegie became very bitter and tried to oust MT. Prick entirely from the steel business. They devel- oped a quarrel with many ramifica- tions. MT. Carnegie sought to have the board of managers declare MT. Tricks stock forfeited at par value. MT. Prick replied with a suit for an injunction to prevent this confiscat1on of his stock, but the case was finally settled out of court by the reorganlza- tion of the Carnegie company, which made several Pittsburghers million aires overnight. It made MT. Prick one of the wealthiest men in the coun- try, but it was disappointing to hlm later when Carnegie, with the aid Of of Charles M. Schwab. succeeded m interesting Mr. Morgan in the scheme he had previously rejected, and out or this interest came the financing or the United States Steel Corporation i'll 1901. By this again MT. Tricks for tune was doubled. His $31 ,00O,0OO ln- yestment in the Carnegie company was turned into $61,3O0000 in the Tinted States Steel Corporation, al though Carnegie had stolen his thun- der MT. Schwab was made president of the Steel Corporation and MT. Car negie's representative in that concern.
 Rivares of Magnates
 Tn 1903 times became hard and IInited States Steel dropped to a low level MT. Prick then bought every thing he could in the way or steel stock and when the excitement was over if was found that he had acqulreu enougb to be a power in that concern IJis first move was to dethrone MT schwab as president, but w. E' Corey' another Carnegie man, succeeoeu scbwab Then MT. Prick attackea Corey and succeeded in having hiiii remoyed. MT. Farrell Tricks trlend' fswas finally made president or the great corporation.
 The breach between MT. Frlck ana MT. Carnegie never fully healed. A sr,a,, instance of it was seen in PLUS burgh, where MT. Carnegie built ,oroe office building, naming it after himself, next door to which MT frloA built another building twice as large and named it after himself. MT Prick incidentally became one or the ,oreast holders of real estate in Pitts burgh. In New York MT carnegle built magnificent home, and some time later MT. Prick built an even more palatial residence on the site
The Cordova daily times., 1919-12-03

Read the Daily Times for the latest and most reliable world news.
New-York tribune., 1919-03-07
Rail Executives Meet
Lovett Now Member of Rec
concentrations Commifjee

Members OF the standing committee
oY the Association of Railway Execu-
tives discussed for three hours yes
terday the "situation with regard to
the adoption by Congress Of pro-
gramme OF constructive railway lepis-
lation." After the meeting, which was
held at 81 Broadway. r. Dc Witt
Cuyler, chairman Of the association.
made the folio ting announcements:
The committee having in charge the
presentation of the associations
recommendation to Congress, con
sisting Of julius Krutschnitt. Daniel
Willard, Samuel Rea, Howard Elliott,
Alfred p. Thorn and Thomas De WITT
Cuyler, was enlarged by the addition
OF Judge Robert S. Lovctt, president
Of the Union Pacific Railway. The
standing committee wa. also enlarged
ny the addition Of Carl II. Gray. presi-
dent OF ths Western Maryland Rail
way Company,
Tho Associatior Of Railway Exocu-
tivss took under It's general direction
tn" Bureau Of Railway Economics, the
ASSOCIATION Of Corporate Accounting
Oticsrs and the Association OF Rail-
way Corporate Engineers"
New-York tribune., 1919-03-07

Perhaps the most favorable bit
of news which helped to stimulate
the stock market yesterday was the
announced policy Of Director Cen
cral Hines that he would do every
thing in his power to raise the
money to go on with improvements,
that his energies would be devoted
to raising funds rather than curtail-
ing expenditures for needed addi-
tions and improvements, and that
he realized fully the evil effects
upon steel and equipment com
panies in all industry generally
which would follow the absence of
such orders, particularly at this
time. The industrial stocks recov-
cred partly on this news, and their
recovery was made The more pro-
nounced by the improved technical
condition Of the stock market,
brought about by the reaction Of
Tuesday and Wednesday.
New-York tribune., 1919-03-07
Railway Steel Spring
Earns $l&.37 a Share
Fitzpatrick Says Outlook for
Equipment Business
Is Good

a hopeful view Of the outlook for the
equipment business is taken by f. f.
Fitzpatrick, president of the Railway
Steel Spring Company. in the annual
report ISSUED to the stockholders yes
terday showing earnings of $lS.37 a
share on the $l3,5OO, 900 common stock
in 1918, compared with $24.9l IN 1877.
he company has orders on its
books covering deliveries several
months ahead says President Fitz-
patrick, "a large percentage of which
IS for export to foreign countries. 1t
IS expected that business throughout
the year 1919 will be in good volume
at a fair level Of prices and viii read
lly absorb such law materials as have
been acquired at prevailing prices to
meet the necessary demands OF the
busincss.'
1918 from all sources of $25,1s2, ,03l,
an increase of Sl,276,317 over the pre-
ccding year. Manufacturing. operating
maintenance, repairs, administrative
expenses, depreciation and other
charges absorbed $l7,163,01l OF the
ccmpany's income, an Increase of S.
356.266. There was set aside for Fed
cral income and excess profits taxes
$4,000 GOO. an increase Of $1,000. .00o.
Allowance Is made in the report for
q charge of $9l4,oS5, to provide for
losses that may be ontailed from ad-
justment of contracts with customers.
to care for reductions VIII ch may occur
in tho values of undelivered material.
to provide for other doubtful accounts
and other contingencies incident to the
necessary readj justment of business at
thls time. The reserve for this account
now totals S2,0OO,00O.
New-York tribune., 1919-03-07
OLD STYLE.
'OTTON STATISTICS.

Liverpool cables Spot cotton fair
business doing; middling 81 points
lower at 16.2Sd; good mddling un-
changed at 1S.66d. Sales 1000, Amer-
can LOO. Imports nil. Futures opened
irregular, emergency contracts un-
changed to II points lower; new con
tracts unchanged to 8 higher as com
pared with Wednesday. Closed irregu-
lar with old contracts points higher
to , points lower and new contracts
unchanged to ii points lower. March,
16.06d; April 15.17d; May, 1374d; June
13.28d; August. 13.1fd; September
12.90d. Manchester: Yarns irregular;
cloths dull and depressed.
Southern spot Galveston quiet, un-
changed at 26.25c; sales, 1,S1G bales
New Orleans steady, unchanged at CSC;
sales. 1863 bales. Mobile steady, Un-
changed at 21c; sales, 345 bales. Sa-
vannah dull. unchanged at 27c; sales,
30 bales Norfolk quiet, unchanged at
2i.50c; sales, 1873 bales. Augusta quiet,
unchanged at 25.50c; sales, 2S0 bales.
Memphis steady, unchanged at $3.50;
sales, 800 bales. Houston steady, un-
changed at 25.75c; sales. 1850 bales.
Little Rock quiet, unchanged at 265Oc;
sales, 53S bales
New-York tribune., 1919-03-07
Amer. Steel FOundries
Increases Dividend
Discussion at Meeting Centres
on Plan for Financial
REORGANIZATION

The annual dividend rate on the
$17.1S4,0O0 capital stock of the Amer
lean steel Foundrics Company was in
creased from to per cent yesterday,
when directors declared quarterly
disbursement of 2 per cent. The extra
payments of ~ per cent, each in Lib
crty bonds, which were declared last
September and November, were omit
ted
Much of the discussion at yester-
days meeting centred around the pro
posed plan for revamping the COM
panys financial structure through an
issue Of three shares Of new stock
of nominal par value for each share
of the existing stock. and for the au-
thorization of $25,0eO,o0o new pre-
ferred stock to pay for new plants.
No decision was reached at the meet
ing held IN the morning and as "A re-
suit an adjournment was taken until
o'clock in the evening.
II. T. Lamont. president, stated that
he would announce the result of the
later meeting this morning He ad-
mlttcd that there was opposition to
the plan from some members of the
board.
1te company's complete pamphlet
report for 1913 disclosed gross sales
e.J,i ...1.t. Compared with $l9,369
5Si the preceding year Earnings. after
deduction of manufacturing. selling,
administrative and other expenses,
amounlea to si.'e2,15'. against S.
1926 There was paid in Federal
taxes last year Sl,357 200. contrasted
wilh 81 PSI 100 IN l|ls.
1--WE 6 cannot say what the year 1919
may hold for your company the re
potl 10 NtocNAol3ars said. Tho tom
nale rrv cs u@r books would. under
pre-war conditions, justify the hope Of
sa'ss t'e.Nf. IN'.t. n. hoW,Nvf. tho
l'.' e'11 VIC" The iatllvNdn are To
p" "r,'2t'G Is Ice, Socr AVID wisely
determined. we can look for little buy
ing from this source and CORE
spondingly quiet year"
New-York tribune., 1919-03-07
w Wea1th-Mar kets-I strnents
Readjustn,ent

IMPORTANT changes in the
dividend disbursements of a
number of leading industrial cor
poratlons whose shares are listed
on the New York Stock Exchange
were announced yesterday. Two
increased their dividends, four
made reductions, one declared an
extra on account of back divi-
dends, and another announced a
plan involving a stock dividend
that will total 100 per cent. In
creases voted by American Steel
Foundries and the Barrett Com
pany. Reductions were made by
Utah, Chino, Nevada Consoli-
dated and Ray Consolidated Cop
per companies. The Allis- Chal-
mers directors declared a divi-
dend on account of back pre-
ferred dividends, and the Kelly
Springfield Tire Company placed
before it's stockholders for their
approval a plan for a 100 per
cent stock dividend.
New-York tribune., 1919-03-07
No Confusion i'm
" New Style Of
Cotton Contract
Volume of Trading Shows
Little Increase. Although
the Number of Transac-
tions Is Nearly Double

The feasibility of making veteran
cotton brokers depart from precedent
and follow a new trading technique
without confusion was demonstrated
yesterday at the Cotton Exchange.
Without a ripple of excitement, the
traders gathered around the ring and
dealt in new style contracts in ac-
cordance with the new amendment to
the cotton futures act, as well as in
the old style.
The net effect was that the. broker
had to think about twice as MANY
"months' as usual. For example.
there we're two kinds Of March con
tracts--new style and old style. The
former narrowed the grades Of cot
ton that are acceptable in settlements.
Only those who were either long or
short in old style contracts were per-
mittcd to deal IN them. The spccula-
tive interests showed a tendency to
liquidate and be free to trade ex-
clusvely in tho new contract, but the
spot merchants who were long in the
market seemed to desire to hold on,
because Of desire to get the actual
cotton.
Because OF the willingness OF spec
ulatiyc shorts TO switch into the new
style contracts, it was said, the new
style contracts, after at first selling
80 to l@5 points above corresponding
old stylo deliveries, lost part of the
premium, particularly on the late
months. The new style May at the
close was selling only 70 points above
the old contract, while the closing
bids for December were on even terms
The Old style contracts closed rs to
l25 points higher on March and April
Although double the number Of variety
OF contracts were dealt in, the volume
of trading was only slightly larger
than normal. larges part of the
business consisted of transferring con-
tracts from old style to new.
Liverpool made a firm showing over
the two-day adjournment here, and
the local opening was generally higher,
but after selling at 23c early the new
May contracts declined to 9 soc and
closed at 22.l0c. Old style May, after
selling at 21.75c at the start, declined
to 2lc and closed at 21.40c
Southern spot markets, as officially
reported, were generally quiet and un-
changed.
The local market for spot cotton
was quiet and 10 points lower at 26.l5c
for middling upland, compared with
33;40c year ago. There were no
sales Of spot.
The range Of prices for leading months
follows:
New-York tribune., 1919-03-07
Erie to Get $I5,729,O00
Several Plans for Note Pay
nlent Being Considered

f. y. Underwood, president Of the
Erie Railroad. announced yesterday
after Il meeting OF the executive com
mit;ee that the company had conclud-
ed negotiations with the Railroad Adj
ministration by which il is assured an
annual standard return Of SIS, .ooo
In addition the road viii have an esti-
mated Incorporating income during
1919 of S4,250,00o, making its aggre-
gate groas income for the current year
$l9.974 900
On the above basis. after deducting
interest charges, rentals, sinking tuna
requirements and other income, there
should remain a surplus Of $500 coo.
With regard TO the payment OF Sla,-
100000 Erie notes falling due April l.
Mr.. Underwood stated that there were
several plans under consideration with
the Washington authorities and tha,
n decision would probably be reached
either to-day or tomorrow. Vice fres.
ident Brownell left for Washington last
night on this matter.