davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-01-25
Nation and State Losing
Through Income Tax System
Greater Revenue Deprived Both by Workings Of
Present Laws; Sacrifice Much for Little and Dis.
courage Taxables in Form Of New CONSTRUCTION

If anything further was necessary
to demonstrate the uneconomic work
ing of the income tax laws, Federal
and state, it is supplied by some cal
culations which have been prepared
for the Advisory Council of Real Es-
tate Interests, according. to John l..
Parish, it's secretary
There are no insuperable obstacles
to new construction of housings, indus
trial and Office buildings in the large
cities Of the country, where the lack
of them has boosted rents to twice and
threefold their normal levels, except
the scarcity of mortgage money for
building loans," said Mr.. Parish yes
terday.
plans have been prepared and ap-
proved, and builders are ready to pro-
ceed with construction as soon as the
basic capital necessary can be obtained.
1t has been declared by all who have to
do with the financing of building op-
erations that this capital is being
withheld because of the operations of
the income tax laws, Federal and state,
and this statement has never been dis
puted.
individual lenders are still calling
maturing mortgages, and the savings
banks and other institutions which are
exempted from income taxation are
having their hands full in refunding
these maturing mortgages, SO that even
those which are by law authorized to
make building loans have no money
for new loans.
Government Is Defeating It's Purpose
"The chief sources of supply for
building capital are dry, the money
having been and still being diverted to
other channels not affected by the in
come tax laws. There would be some
excuse for this policy in taxation if
the governments we're gaining by the
operation rather than losing and de-
feating their own purposes, as these
analyses snow.
For the purpose of illustration the
apalyst has taken two typical building
operations of the classes most needed
IN big cities. One typical five-story
fttat of elghty-four to eighty-nine rooms
involving total investment of approxi-
mately 100000, the other an Office
building costing. in these times, with
the land, say, S1,50OOOO. There are
many such projects on the boards
which will go forward as soon as the
heavy hands of the government shall
be raised.
"The first of these operations would
require basic capital to the amount OF
100000, the builder contributing to the
active part of the capital the remaining
$4,000. The income on this basic cap
ital at per cent would be $4,000, anG
on this income the Federal income tas
Of this represented all the taxable in
come of the lender) would be Sl44, the
state income tax $36
But this would be the minimum pos
sible tax; in the hands of a large
lender, whose income was larger, the
rate would be higher and the ia,
greater. If the tax were removed t.
the extent Of the income from $4,000
as provided in the Calder-McLaughlir
bills at Washington and the Lockwood
McWhinney bills at Albany, the Federal
tax would be only $48 and the state
tax $12.
But then the building operation
would be financed, the basic capita
New-York tribune., 1920-01-25

G.
ure out about as follows: "s>
Mortgage (basic capitaD .e.n
Builders investment. ent...---....., 40 aeo
A. ro5aI h,,,soss cost ssoooe
N0 .".'".s. 5000
lo'a' value ''--'' ''.--..-,.-.--. sloS.ooo
Gross rental income. slSooo
antelesl $500
Taxes and operationn 900 s,oeo.
Net rental income. s-oo.
Equals Is per cent on equity. S"-V'
The direct tax in this case wor,a
be approximately $4,000. but (althonaS
thls is double taxation and Therefore
ought not TO be) the owner, under tbs
law, would te required to pay income
taxes on his net rental income Of
s7,200-to the Federal government Of
$3.50 and to the state government of
$72. In addition to this the incora
tax on the $4,000 of the loan In excess
of the $4,000, part exempted woulS
as shown, be $4S to the nation and slo
to the state.
"Whereby it appears that by levying
the income tax as at present the cov'
ernments are not only gradually do.
stroying taXables by which thew mioht
obtain gross revenues of $3.50 per year
but are preventing the creation of
taxablos from which their gross rev.
enues would be not less than s30so
Is this good business?
"The larger illustration reveals +hs
absurdity of the present income tsy
laws even more glaringiv. The mort.
gage at 6 per cent, by which the basi,
capital would be secured, would nro-
duce an income of $50. 900 a wear Tho
Federal tax on this income at ~,
years rates would be SIP, 80, the state
tax $1,000
"If the money could be obtained tbe
building operation would proceed, with
approximate results as follows:
Active capital ............-. b0a IA,
Total cost Observation-Disclosures sl.5oe nm
Builders profit ............... 800 Goa
Taxable value ..............-.-.s slSoeOop
1ntersst hsarly rental .....--sso.sss '-- 400 s''o.'e'
Taxes and operating ex-
penses 10000 10000
Net rental income (equal TO is
per cent on equity )......... $4,000
The direct tax at $3.50 rate
would be .......... ........ $4,000
$40. ooC ..........-........ 4ssso
The state income tax on $4,000 5000
Total direct and income taxes ssl.ssn
$50 that to hold vanishing power
to squeeze S13.950 out OF existing mort
gage holders the state and nation are
losing superior opportunity to quicken
and promote great industry. relieve
tense economic situation and produce
permanent taXables which would pro.
duce certainly not less than S91,35O in
taxes, annually, to nation, state and
city.
"The illustrations show Furthermore
that because of the taxation of income
from rents the net rental income in
the smaller illustrations is reduced from
Is per cent on the equity to 1913 per
cent, and in the larger illustrations TO
s.95 per cent. They show that after pay
ing interest and operating expenses the
taxes amount in the first instance to
36 per cent of the net income and in
the larger to 55 per cent OF the net
"Why should the governments in their
taxing systems Kill the goose that lays
such golden eggs ~
New-York tribune., 1920-01-25

S. w. Straus & Co. have advanced
S5,500,0O0 at per cent to the church
men, or rather to the Madison Ave
nues Offices, Inc F. Colburn Pinkham,
for twenty years. The Fifth Church of
Christ, Scientist, will raise $2,O0O,OO0,
to be secured by second mortgage
bonds bearing 6 per cent interest
which will be retired >serially in twenty
years from 1928
Construction will be done by the
William J. Taylor Company. Cushman
& Wakefield, Inc, will have charge of
the renting and management of the
building. Christopher J. Jeppesen is
the consulting engineer.
New-York tribune., 1920-01-25

Pease & Gilman building, the improve
ing on Madison Avenue, and will eX-
tend back 179 feet on Forty-third
Street and 145 feet on Forty fourth
Street.
The exterior of the new structure
will be Of limestone and brick. The
first three stories of the Office building
will be Of stone, while the other stories
will be faced with brick, stone and
terra Gotta.
A. d. Pickering and Starrett and Van
Week have designed one structure. On
their estimates have been based the
financing of the project
New-York tribune., 1920-01-25
St. Charles, at Atlantic
City, Sold for $3.50, 600
Beachfront Structure Went Into
Bankruptcy Two Years Ago;
Creditors To Be Paid in Full

The st. Charles Hotel, one of the large
beach front hostelries at Atlantic City,
has been bought by Washington syn
dicate for S1,250,0Oo. The new pur-
chasers were represented by Frederick
c. Bryan, of Washington.
Two years ago the hotel went into
bankruptcy and Edward +. Grosscup,
former State Treasurer, was appointed
trustee. BY the terms Of the sale the
creditors win be reimbursed in full
New-York tribune., 1920-01-25
VIM. Nj. Barnun Sells Fine
Estate at NamaronecK

Kenneth Ives & Co. have sold ,o'
William NJ. Barnum. president of the
Pacific Coast Company. to Charles =.
Lehman, his country estate on 1ril.,"
Avenue, Quaker Ridge, Mamaroncck, \.
Y. consisting Of about six acres, iafse
residence, outbuildings. etc.
New-York tribune., 1920-01-25
Development Co. ,,rert;ngHcmes

The South Yonkers levelopment
Company is erecting -Four six room
houses on Van Cortlandt Park Avenue.
Immediately north Of Bedford Street.
ON plot of thirty seven lots pur
chased two years ago The houses are
expected to be ready for occupancy
about May l.
New-York tribune., 1920-01-25
Laight Street Corner Sale

Charles Wynne and Louis H. Low
have sold to the Higginson- Bergen
Company the northeast corner Of
Laight and Narick streets, a seven
story and basement loft, 25x65. Max
Marx represented the purchaser. George
r. Read & Co. were the brokers.
New-York tribune., 1920-01-25
Resale of Grand Theater

The Grand Theatre at West 116th
Street has been resold to Friedman
Brothers by Joseph Seiden and Morris
Goldman. l.. Krieger was the broker.
New-York tribune., 1920-01-25

Lloyd Winthrop Company has sold
for The Margaret Strachan. 1898 vast
Twenty seventh Street, two four-storv
and basement dwellings, on plot 4Ox1O0.
These buildings are located in the
heart of the new fur section, and 1t
is the intention of the buyer to alter
them for the fur trade.
New-York tribune., 1920-01-25
St. Nicholas Ave. Corner Sold

Winlliam Oppenheim has sold the
southwest corner of st. Nicholas Ave-
nue. and 151st Street to Samuel Wal
per. 1t measures 32x1O1.
New-York tribune., 1920-01-25
Houses in Columbus Ave. Sold

Everett H. Seixas Company have sold
for the Cecil estate three five story
apartment houses at 490-2-4 Columbus
Avenue to a client for investment.
New-York tribune., 1920-01-25
Trade Claims Fine DWELLINGS

William B. May & Co. have sold the
four story dwelling at 26 East Fifty
fifth Street for L. ]. Peeler The buyer
VIII remodel the property for business.
New-York tribune., 1920-01-25
Solution to Congeztion

"Thcy 2cea, - he ui.le1 90 lose.
Dixht. Of the fsc. III. ,fc s.,.y proper
%osution q, not onl2 ne ~ I'd trsnsst,
inc peGcst'lan, ,ac vcnicuiar Ut the
business congestion .s not by making
it. more conYerien, for The travelling
public 10 come 10 this point. Of con9es-
..s2k but bY d!stributing fae i,usinfss
New-York tribune., 1920-01-25

supplied and the operation wou,d g.
ure out about as follows. Ns
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

Corradini. rispose ale interrogation
rappresentando gil EVENT. come furono
rapportati al Govcrno; ma | socialist
cominciarono ad interromperlo e ad
uriare per non farlo proseguire. fecen-
dolo sesno ad ogni sorta d'insulti.
II tumulto raggiunse II colmo quando
ron: Brunelli, deputato socialista per
IN circoscrizione di Ravcnna Q Forli |;
Jesse un telegramma in cui si dceva che
deputati socialist Ciccolai @ Bentini
erano stati attaccati dai nationalist al
lonro arrivo in Bologna. ] dcputati ma
zionalisti scattarono approvando quanto
era avvcnuto in Bologna cd allora |
deputati socialist abbnndonarono in
massa ! loro posti per assalire quelli
nationalist. Avvennero col,uttazioni @
pugilati ed il presidente fu costretto a
sospcndere In seduta.
IN dispaccio da Bologna dice che j
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20
9sG'u7aAu &qosl

60 MANY people that I've met
~ have an idea that one finds only
the most expensive of silver and
jewels at the store of Bailey, Banks
G. Biddle Co. But such is not really
the case, for, even though l knew
that it is possible to buy at Bailey's
on very limited income, I was sur
prised myself at the variety Of un-
usual and interesting things that are
marked at moderate prices. There
are any number of articles Of silver
plate-the best plate, of course
that are most reasonable in price
fruit dishes, water pitchers, vege-
table dishes, an exquisite tea serv-
ice, etc. In the jewelry department
there are moderately-priced lingerie
pins, for instance, and dainty bar
pins, and there are very many mod
e1ate-priced gifts in other depart
ments.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

socialist hanno esagerato Ia notizia del
lattacco subito dai deputati socialist
Bentini e Ciccolai al loro arrivo in quella
citta'. L'attacco fu operate da alcuni
STUDENT che avrebbero leggermente
ferito IL Ciccolai, mentre il Bentini
sarebbe state soltanto insultato da
alcuni nationalist, Dopo IL fatto quat.
tro nationalist 81 sarebbero costituiti
ALA polizia dichiarandosi responsible
del ferimento del deputato di cui soprs
G pronti n subirne le consequence.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20
TWO SLAIN IN RAID
\ ON IRISH ISLAND
British Police Wound Three and
Jake Seven Prisoners; Bishop
Forbids Ambushes
MACREADY WARNS TROOPS
BY the Associated Press

Dublin. Dec. 20.-Partics Of military
and police. setting out in boats, sur
rounded the main island ~ the Aran
group, at the entrance 10 Galway bay
early Sunday morning to carry out a
search. Two men were shot in attempt
ing 10 escape. three others were wounded
and seven prisoners were taken, accord
ing to brief official messages received
In Dublin today.
Whether fight orCurrcd in securing
the prisoners was not stated in the mes
sases. No reference was made 10 any
casualties 70 the crown forces.
II Is understood that lnishmaan
tsland, which presumably is tho one
which was surrounded, was used hy the
Sinn FeinerS for prisoners taken in
Galway. Several months ago the police
attempted q landing to rescue the pris-
oners, but their boat was stoned and
driven off.
London, Dec. 2O.-Despite exchange
Of acrimonious telcgrans between Prime
Minister Lloyd George and Father
O'Flanagan, acting president OF the
sinn Fein, two energetic steps were
taken yesterday toward Cuding hos
dlities in Ireland.
The bishop Of Corr. in n letter read
10 many churche' IN that city, repeated
his decree VI communication for per-
sons participating in amhushcs and
murders. political or otherwise. At the
same time tho British general COM
manding crown forces in ireland issued
q stern warning to his troops against
reprisals.
A dispatch from Dublin today stated
that in hib letter to the Cork churches.
Bishop C0halan. after repeating his de-
cree, condemned crimes BY agents Of
the government and by the people.
The bishop stated thar the Brit
tsh government conducted through
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

Roma. 10 dicCmbre-Un grnrdr &c,
ritamento c. state causato ALA Camera ~,
dci Deputati dalla discussions dcl''
Interrogation presentatc dai Socia-
listi per / recent disordini avvenuitl IN
I,ucca, owe socialist ebbero |" pegs'o'
Durante Ia discussions in parola ira
dcputati socialist g quelli appaortG,i; e;
ncnti ad altri gruppi vi fu scam6io al
invettive di ogni sorta coniiitt u
corpo corpo, nonostante tutta u. Ia
cncrgia spiegata dal Presidente deua
Camera On. De Nicola. II Sottosegre-
tario di State per gil lnterni, On.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20
THE Perfek tone Corporation, 1928

THE Perfek'tone Corporation, 1928
L Chestnut street. extends to you
most cordial invitation to visit its
showrooms on one Of your shopping
days. You will find it most restful to
listen to your favorite artist on a
phonograph that is different from
any that you've heard before. Its
reproducing mechanism, which has
been made TO match with scientific
exactness the perfect construction
of the human organs of sound, is
made entirely Of a nonresonant
material, which eliminates the
harsh, rasping vibrations which ex-
ist when metal is used. The cabinets
are in perfect taste, and you will find
one to match any decorative scheme.
There is an attractive wicker model
at SS5 and an upright model in
mahogany at $3.50.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20
rOR the bride who has moved into

EOR the bride who has moved into
1 a new house with "the loyeliest
interesting gifts at the store Of
j. Franklin Miller, 1912 Chestnut
street. There are brass andirons and
fireplace fittings for the colonial
house and cast iron and wrought
iron, which have the happy faculty
Of fitting in well with their surround
inEs, no matter what they be, Then
there are wood baskets, and I've
never seen such lovely ones any
Where as those at Miller's. There
are baskets in tray shape, stained in
a's soft feIaS green or brown or silver gray,
and there are painted baskets which
have a decidedly festive air. 4 Cape
Cod fire lighter is a handy thing to
have and a most attractive addition
to the fireplace fittings.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

GIFTS Of neckwear Dcspeak
VI thoughtfulness on the part of
the river, and when one has been
So thoughtful as to buy just the
right collar or collar and cuff set to
be worn with particular dress the
gift is sure Of appreciation, One Is
sImost certain to find the right collar
at the store Of Bonwit Teller q Co..
Chestnut and Thirteenth streets. |
saw some exquisite things there, and
such variety! Lovely iIet sets at
2495 and real Irish crochet at $3.50,
Those squarc-neck and ound-ncck
collars, which fasten in the back,
are particularly well liked this sea-
son, and there are some lovely ones
Of Embroidered net and Irish crochet,
Some Of the high-priced neckwear
has been reduced, too, and there are
many gift suggestions among these
finer things.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

D'Annunzio, e. passata nj poeta -suer-
riero.
I marinai hanno arrestato gil amml-
ragli Milo Bucci ed II generate Ia.
rnnto, quando questi 81 rccarano Il
5ordo della nave ammiraslia ancora'a
Zara.
CLa notizia di cui sopra e. stata
communicate al giornali da unn agenzln.
telegrafica. ma nessuna contermn
pervenuta da parte di attire piu' tmpor-
tanti compagnic telegrahche, e pertanto'
nnchc pcrche' In notizia proyiene ia
fonte austriaca. dcve cssere accetta'a
con il beneficio d dinventario. \. d. h')
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

Two Killed by Avalanche Of culm
Mahanoy City, Pa, Dec. 2O.-Caught
In an avalanche Of culm set free by
dynamite blast at the Springdale
I.chigh Valley Colliery today, George
Shinton, aged forty, and Joseph Rishar,
aged eighteen, were crushed TO death.
Their bodies were recovered.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

on SATURDAY I caught a glimpse
~ Of the new things for southern
wear that you will see today in the
windows of The Blum Store at 1910
Chestnut street. Of white Canton
crepe faced with coral-colored faille
is frock most appropriately named
Caprice" "Bonjour" is of satin
of the color of the sky at dawn.
"Tropica" has a blouse on which the
bright-colored flowers of the tropics
combine to produce an exquisite
color effect. It's skirt is white. Coral
crepe-back satin and tan duvetine
are combined most effectively in "Ri-
viera," and Zephyr" has a plated
skirt Of white Canton crepe and a
blouse Of figured crepe in soft rose
tones. White leather and porcelain
beads form the novel trimming on a
collar satin which is called "Pasa-
dena."
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

EVERY one seems to be looking
- for handkerchiefs that are just
bit out of the ordinary, so I am
mighty glad to have discovered the
Christmas handkerchief counter at
the store of Bonwit Teller L. Co.
Chestnut and Thirteenth streets. The
Armenian embroidered handker-
chiefs are very dainty and quite rea-
sonab,e at 81, 81 and SO. Exquisitely
embroidered in color are white
handkerchiefs at $1.35 and S1.5O.
Madeira embroidered handkerchiefs
are IS cents to $3.50. Three tinv
glove handkerchiefs in a box make
a most acceptable gift. Scalloped in
white, they are so cents each and in
color 60 cents each. Porto Rjcan
handkerchiefs at $3.50 to $3.50 are
the loveliest things imaginable. A
dainty sachet TO inclose with YOUR
gift is priced 81.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

Boston, Dec. 2O.-(By 4. PA
request that he immediately send to
Ireland the funds collected in the Irish
liberty bond drive was tClcgraphed last
night to Eamonn de Valera as "pr"si-
dent of the Irish republic, by the
Massachusetts Council Of the Friends of
Irish Freedom.
The telegram in part said,
"Wc understand millions Of dollars
collected for ireland during the bond
sale are deposited in American banks in
your name and remain in your per-
sOnal control We believe the suffering
people of ireland are entitled to the use
Of these funds at once. Therefore at a
regular meeting Of the state council it
was voted ~ respectfully urge you to
send all available funds to Ireland, as
large part of tho fund in your possession
was subscribed in Massachusetts through
the instrumcntality of the Friends of
Irish Freedom. We know that we
speak the sentiment Of the Irish people
Of this state when We urge you 10 act
on this suggestion at the earliest pos
sihlr moment.
Tie message vas signed by Daniel
Moran, president of the council.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

where need have
a forsooh Macdonald
Chestnut shirts that himself
Rcl anywhere good!oOking
repcs broacoth quality and
nothing be
exceedingly good There tan blue and black striped shirt
particularly looking Most them the
al-whtc shirt
Macdonald Canpbes exceedingly quality
THE CHESTNUT STREET ASSOCIATION
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

its agents carefully prepared reprisaiI
campaign numbering innocents and
destroying property, hoping thereby to
subjugatc the republican army
lu st. Finbar's South Church ma
jorty Of the congregation left the church
amid considerable confusion when the
decree was rCnd.
General Mncrcady's order to his
troops reminded the forces Of the crown
that certain ofrcnscs against civilians
were punishable by death, including
house breaking in search Of loot. Nearly
every hotel in Dublin, the correspondent
said was raidcd and searched Satur-
day night by police auxilaries. Patrons
were questioned and a number of arrests
were made.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

Vienna, 10 dcCembrc--L' 'intera
squadra di nnvi da guerra della Marina
Italiana, inviatu per II blocco di Fiume
per infrcnarc lattivita, di Gabricle
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20

WOULD you believe that you can
w buy five-pound box Of choco-
Iates and bon bons for SO? | was
really astonished when l discovered
that Edouard D. Kruse Co., 100
South Eleventh street and 49O3
Baltimore avenue, is selling a five.
pound box at that price. Every one
seems TO want at least five pounds
around the holidays, and this is a
splendid opportunity to buy really
good candy, for krusc's candies are
made Of the most wholesome and de-
licious Of ingredients at a very rea.
sonable price. There are more elab.
crate fve-pound gift boxes at $5
and a one-pound gift box at S1.25
that is most attractive. Pm quite
sure that you will be delighted with
these candies and you need have no
hesitancy in sending such candies as
Kruse's for gifts.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-20
Attire NAW PER la
D|FESA D| F|UME?
La Squadra Italiana di BIocco
Sarebbe Passata a
D'Annunzio

Published and Distributed Under
PERMIT NO. 3iI,
Authorized hv tho act OF October O.
IHli. on hiu at the PostofIioe OF Phila-
a, 6. DURLEsOS,
Postmaster General.
The Nevada County picayune., 1920-02-05
State of Ohio, Cit yof Toledo,

Lucas County. SS.
 Frank ]. Cheney makes oath that he is senior partner of the f1rm of r. !. Cheney X Co., doing business in the City of Toledo, County and State afore- said. an dthat said grm will pay the sum of ONE HUNDRED DOLLARS for each and every ease of Catarrh that cannot be cured by the use of HALLS CATARRH CURE.
 FRANK !. CHENEY sworn to before me and subscribed in my presence. this 9th day of Decem- Der A. D. 1886. A. w. GLEASON.
 tSeal) Notary Public. Halls Catarrh Cure is taken intern ally and acts through the Blood on the Mucous Surfaces of the SyStem. Send for testimonials. free.
 F. Il CHENEY X CO, Toledo. Q. Sold hy all druggists. 75c,
 Halls Family Pills for constipation.