davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26

holder, If he wishes, can cash in, or
sell his holdings. and yet is not sub
ject TO a tax on the dividend until
he realizes a profit, accumulated
surplus which were built up over
long periods Of time are now being
declared, and as in the case above
frequently stock dividend OF 200
per cent is declared and TO those
who read such editorials as yours,
they at once come to the conclusion
that this was the amount of earn
ings Of one year, and hence someone
Is prOfiteering. In other words they
take II for granted that you know
whereof you speak.
In the above case, at the end of
the 20 year period one of the origin
al shares OF stock which originally
cost 500 would have increased in
value TO $500, as the one share
stock represents One-fiVe thOusandth
interest in the company, hence is al
ways worth par plus its share OF the
surplus.
When a stock dividend is declared
the taxable status of the incOrpora-
ton does not change; in fact, the
only change is that the surplus is
and forever prevents that amount
from being distributed as cash divi-
dends. The net worth of the cor
poratiOn remains the same. The
value of the stock held by the stock
holder remains the same, the only
difference is the share which i'm
mediately prior to the declaration
Of the stock dividend was worth
$500 is now worth one-third as much
or 500. The stock dividend OF
shares represents two-thirds of the
original Value, or S100 each. and all
three shares are together now worth
the same as the original share was
prior to the stock dividend.
When the stOckholder disposes Of
any OF his holdings, he must report
as taxable income all income re-
ceived in excess of the original cost
or it's value on March l, 1913. For
instance, If he sold his entire hold
ings for $500. the original cost hav-
ing been 500, and its value on
March I. 1913, having been Sis.
the income repOrtable would be SIPS
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26
SAYS WE CAUSE UNREST.
Sonth Rend. nd. April

south Bend, Ind, April "a.
Editor News-Times:
You infer that there has been a
wholesale evasion of the payment of
the excess profits tax on stock divi-
dends because Of the recent supreme
court decision declaring stock divi-
dends as a distribution OF capital and
not OF income.
Excess profit tax is only applicable
under the present 1918 revenue act
To net income earned by corpora
tiOns, other than personal service.
during the fiscal year in excess of a
credit or amount equal to 5 per cent
of the actual invested capital plus
100000, and operates on a gradu-
ated scale This tax is in addition
90 a normal tax of 10 per cent as
sessed upon all earnings in excess Of
"a credit OF 100000. except an
lax assessed. You Will note that
this rate is 8 per cent higher than
upon individuals, or which is paid
10y members OF partnership which
are also assessed as individuals.
Under the present revenue act
prior 10 the recent supreme court
decision, stock dividends were tax
able 10 the recipient in the same
manner as cash dividends. i. G., the
surtaX. which is an additional tax
assessed upon "a graduated scale Of
from 1 per CENTS per cent 10 in
dividuals with a net income in ex-
cess OF 100000, applied and was
assessed upon the stock dividend
when received
AS the supreme court decided,
stock dividends are not income, but
merely a distribution Of capital. and
a distribution OF the value originally
represented by one share into more
shares. hence merely cutting down
the book, and usually the market
value of the shares held and re-
ceived.
Example: Twenty-Five men in
vest 100000 IN a manufacturing
business which is incorporated. This
mythical concern was organized in
1900 and subsequent to that time
has made an average annual net
income Cf 10 per cent AS the bust
ness increases. they needed all the
capital available. hence the board
Of directors declined to declare any
cash dividends. and the stockholders
did not wish 10 receive stock divi-
dends "a they wished 20 at some
future date receive their share OF
the earnings in the form OF cash
dividends. which would have been
impossible II "a stock dividend had
been declared. Also, stock dividends
have been subject to the surtax
upon the receipt the same as cash
dividends. although the stockhold-
cr received no value made stock
dividends unpopular.
At the end OF 20 years. a sur
plus OF 100000 has been accumu-
lated and invested in additional
plants and needed equipment
In as much as a cash dividend
would not be possible without Dor
rowing the capital. and all is needed
I'm the business; since the stock
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26

10 such editorials as yours. Though
my experience is limited, 7 am sure
that there has been no marked eva
sion OF the excess profits. or any
other tax, and am equally sure that
though our income tax law is com
plicated. necessarily SO because OF
the necessity OF "a just and fair tax
alton law. 10 is the logical and fair
method OF raising the required reve-
nue. for the federal government. The
law is not perfect. but il does not
deserve the criticism that YOU and
others have been giving, apparently
because OF the spectacular.
a good field for constructive
criticism is the double taxation re-
quired by our present local property
tax law. in as much as deduction
of a bona fide indebtedness from
the total assets in the taxpayers pos
session is permissible, EXCEPT in
items OF certain intangible assets.
Yours truly.
II. L CHAMBERS.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26
YOUNG TRAVELLER
ESCAPES PERILS
OF LONG JOURNEY
Siberian Widow and Child
Reunited After Year
of Separation.

HAYDEN. Colo. April 24-After
travelling approximately 1000 miles
alone, three-year-o SbirO Chaki-
ridO IS safely I'm his mothers arms
here. while the lads stepfather,
Louis CharOs, eX-sOldier, Is filling
the soil on a 32O-acre plot upon
wlsgch the little family OF three ex-
pect 20 spend their remaining days.
Through efforts OF the Red Cross
the baby. who has been separated
from It's mother for over a year.
was started on his long ocean voy-
age across the Pacific. He was met
by representative Of the Red Cross
in San Francisco and prepared for
the last leg OF his long journey from
NladlsOstok 10 Colorado.
Husband Killed.
Two years ago Mrs. Chakirido and
her husband kept a restaurant I'm
Siberian town. Then came the up
rising and turmoil incident 10 the
red terror" that has spelled finis
for so many happy homes. One day
during the disturbances the bOlshev-
lists entered the little restaurant and
titled Mrs. ChakiridO's husband. BY
q miracle the wife and baby escaped
20 her home. near the town OF Chita.
When the American army forces
entered Siberia Louis Charos.
member Of co. II. Firth infantry.
met the pretty widow, and they
were married in February, 1919.
Mrs. CbarOs returned 10 America
with her sOldier-husband upon the
evacuation OF Siberia by Uncle Sam ;
men. but was obliged 10 leave her
little son behind.
After months Of frenzied search
and through the aid OF the Amer
lean Red Cross. the Charos were
able 20 get I'm touch with the boy.
and little Sbiro was started upon
the long journey that has ended IN
the happy reunion with his mother.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26
UTILIZE TABERNACLE.

To the Editor OF The News Time
/ would like TO suggest a means
of carrying on the christian spirit
which the evangelistic campaign
now being held Is trying to inspire.
The plan is this-the tabernacle
building at the close of the revival
be turned over 70 furnishing shelter
temporarily at least to those who
have been unable 10 find a home or
shelter. This would show a chris
tian spirit in the community and
prove that christianity extends be-
yond words. The proper board
might consider the idea, as the shell
ter is erected only 10 be torn down
at considerable loss in a short time
unless utilized as il stands. 1 offer
this in sincerity TO extend the spirit
Of christian endeavOr.
Respectfully,
g. L. OSTRANDER.
Try NEWS.TIMES Want Ads.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26

which would be subject TO both the
normal and the surtaX rates.
II is lamentable that there is so
much guessed at, and superficial
thinking reflected in our daily pa
pers relative TO the workings out of
the federal income tax law, as well
as other questions. A great deal Of
the unrest. and feeling, between
between capital and labor is due
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26
The PUBLIC PULSE

Communication for this column
may be signed anonymously but must
be accompanied by the name OF the
writer TO insure good faith No re-
spOnsibility fOr facts or sentiments
expressed will be assumed Honest
discussion OF public questions - In
vited. but with the right reserved 20
eliminate vicious and Objectionable
matter. The column is free But. be
reasonable
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26

Mems rOomy cut over
alls or Jackets. striped
or plain blue denim.
all sizes 10 a.. With
coupon. each S16s.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26
PnIICE MATCH MOVIE.

So many hundreds of people
swarmed about the CASTLE Sunday
in an effort to see The Great Air
Robbery" which closes its run to-
day, that the police made a special
trip to see what It was all about.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26

See this wonderful selection 81
Ladies' and Misses Trimmed
Hats We are featuring az This
low p a5o,,. Tues $3.95
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-04-26

We are prepared tomor-
row for the biggest Coat e
day of the season. Can
YOU imagine selling won
derful new sport coats.
made OF fine polo cloth,
be,ted models. at S14a5.
We know there has sever
been coats offered at this
price % equal these ......
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
Notice Of Bond Sale

Sealed bids will be received by II. l..
Howe, City Recorder of the City of
Hood River, Oregon, until the hour of
90 D. m. on the 10th, day of August,
A. ID. 1920, for the purchase of $45, :
Geo. 90 General Obligation Bonds of the
City Of Hood River. Hood River Coun-
ty, State Of Oregon. of the denomina-
tion Of $4,000 each. bearing interest
at the rate Of per cent per annum.
payable semi-annually. said bonds to
be dated July l. 1920. and shall become
due and payable July /, 1910. with the
option of prior redemption on or after
July /, 1880.
Principal and semi-annual interest
payable st.the ofiice.of the City Treas
urer Of the City Of Hood River. Ore
gon, or at the Fiscal Agency Of the
State Of Oregon, in New York CITY. al
the option Of the holder.
Bids must be accompanied by a GER
titled check amounting 10 10 per cent
of the par value.of the issue and must
be mace Internationally. The approv.
ing legal opinion Of Messrs. Carey a
Kerr, attorneys Of Portland, Oregon.
will be furnished the successful bidder.
The Council reserves the right 10 re
ject any OF all bids.
Dated this 7th day Of July. A. d.
n. L. Howe.
jsa5 City Recorder.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
HE HAD TO SLEEP
SITTING In CHAIR
GOld-Mine Owner Would Simply Have
to Gasp for Breath Re.
stored by Tanlac

every sign of my bronchitis has dis
appeared and | have gained fifteen
pounds since began taking Tanlac. "
said N.Jones, 499 Webster street, Port
land, Oregon. recently. Mr.. Jones is
we'll known as miner and mechanic
and owns gold-mine in Baker county,
Oregon.
While stationed in camp at Wahing-
ton,SD. c., about year ago, >" contin-
ued Mr.. Jones, 81 was put on guard
duty one wet, freezing night, and as
had no heavy clothing contracted a
heavy cold in the lungs. 1t left me in
very weak condition aud finally de-
veloped into chronic bronchitis. | could
not lie down, choked up so. and had
to get what sleep could sitting up in
chair. Sometimses | would simply
have to gasp for breath. tried sew
eral things, but got no permanent re-
lief, and continued to cough so people
thought | had consumption. | had
shooting pain through my chest and
back every time breathed and had
to discontinue working on my mine,
the outside work made me choke up so
bad,
"A friend of mine over near Mt. Ia
Dor advised me to take Tanlac and it
has certainly been a life saver to me-
| took -four bottless and | can now lie
down as we'll as anybody, and there is
no sign of the pain left. work in my
mine every day now and Tanlac has
built me up so wonderfully | recon-
mend it to any one who needs good
Tanlac is sold in Hood River by the
Kresse Drug Co.-Adv.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
WOMAN'S CLUB NEWS

The executive committee of the club,
the activities of which have been post
poned until fall. has appointed the fol-
lowing committees for the ensuing
year:
Calendar. Mrs. E. o. Blanchar, Mrs.
Paul X. Hughes and Mrs. l.. S. Ben
nett; Educational. Mrs. E. h. Moller,
Mrs. j. W. Critics, Mrs. S. G. Camp
bell and Mrs. Geo. C. GLADDEN.; Civic,
Miss May Davidson. Mrs. r. d. Gould,
Mrs. Mark Cameron, Mrs. G. W. Thom-
son and Mrs. W. l.. Nichols; Legisla-
tive, Mrs. Ella Wilbur and Mrs. Will
liam Mdnroe; Press, Mr.. H. G. Cooper
and Mrs. F. S. Dewitt; Emergency,
Mrs. j. w. Ingalls,, Mrs. Frank Gilbert
and Mrs V. X. Abraham; Philanthropy
ic, Mrs. l.. M. Bentley, Mrs. F. c.
Wittenberg, Mrs. C. j. Calkins and
Mrs. A. q. Lofts; Decoration, Mrs. Il.
A. Franz, Mrs. P. L. Tompkins and Mrs.
q. A. Modem; Auditing, Mrs. George
Stranahan and Mrs. W. B. Heath; So
cial, Mrs. w. II. Chipping, Mrs. M
Irwin, Mrs. W. b. Tewksbury and Mrs.
p. l.. Manser; Home Economics, Mrs. F.
A. Cram, Mrs. W. J. Knight, Mrs. |. ID.
parkins and Mrs. Harry Counaway; Ly-
ceum, Mrs. W. A. Schaffner, MIS-. A. S.
Keir, Mrs. +. o. Dutro, Mrs L. l.. Muir
ply, Mrs. w. j. knight and Mrs. Geo.
X. Wilbur; Property, Mrs. A. Garfield;
Parliamentary, Mrs. W f. Laraway.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
NEWS OF MOUNT
HOOD LOOP PlEASES

Announcement of the State Highway
Commission that mile and half of
the Mount Hood Loop road, connecting
existing county roads with the national
forest boundary, would be built at once.
has aroused expressions of general graf
ifcation there. Numerous local citizens
have toured through the mountain dis
tricts of the Puget Sound the past sew
eral weeks, and all return with the
declaration that Washington citizens
have been more progressive in realizing
on their scenic attractions than has
Hood River. The Loop highway. it is
declared, will make Mount Hoods flow
cry meadows and snowfields as accessi-
BILE as is Mount Rainier at present.
For more than year local business
men have endeavored to secure an early
road construction camp of the Mount
Hood Loop on this side of the noun
tain. The Mt. Hood r. K. Co. has Of
freed to transport as much as ten car
loads of equipment from here to Park
dale free of charge.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
Marathon Runner StartIes City

When r. A. Wilson, marathon runner
en- route from Seattle to New York
City, arrived here last week, trailed by
an automobile carrying United States
Marine corps recruiting party, siren
carried by the machine produced a
warning note similar to that used for
local fire alarms.
AS Wilson halted at business street
intersection a crowd soon formed around
him and the accompanying automobile.
Businesses men, seeing the crowd, be-
lieved fire was in progress. Confu-
sion was complete, while members of
the volunteer fire department endeav-
ored to locate the blaze. Wilson took
advantage of the crowd to extol the
virtues of marine corps enlistment.
Mr.. Wilson. veteran marine, rested
here two days recovering from a chafed
ankle. He had been making an aver
age of 80 miles per day since leaving
Seattle. He expects to increase this
later. in order to reach the Atlantic
in 70 days.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
NoRrHBoUND

Owing to limited Motor
nde on The steam trains either in advance Of following the
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
Montana Official Visits Here

w. j. Haynes, secretary of the Mon
tana Railway Commission. arrived here
last week from Butte to spend part
Of a two weeks vacation with the family
of his brother-in-law, Isaac Ford. Mon
tana, according TO the visitor, has five
allied commissions enforcing govern
ment regulations Of public utilities and
carriers.
Montana, Mr.. Haynes states, tried to
control profiteering by the appointment
of mercantile commission. The move
was blocked when the merchants of the
state secured federal restraining or
der. He says that an initiative bill,
which will conform with the federal
constitution. will be presented to cleo
tor at fall election.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
Growers Fight Frost

Upper Valley apple growers, suffi-
ciently warned by the extreme cold of
last December, are preparing against
future freezes. The Baldwin-Swope
Construction Co. will complete five new
frost-proof warehouses and storage
plants IN the Upper Valley district be-
fore harvest season begins. Growers
who are equipping their orchards
against frost are Frank A. Moore.
Chas. Steinhauser, Sidney G. Babson.
J. Gordon and Sato Bros.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
Oliver Gets Five Years

Immediately after a plea of guilty of
Oles Brown who received life SEN
tence in the penitentiary last week at
The Dalles, Council Oliver, another ne
gro. charged as being an accessory af-
ter the fact to the murder of O.-W.
Brakeman Otis Mayes recently. the
body having been found near Mosier,
pleaded guilty and was given the maxi
mum, five years, by Judge Wilson.
Brown and Oliver were taken to Sa-
lem the latter part of last week to be-
gin their sentences. Others in the
party who were. held as witnesses, Tom
Burr and Bert Mitchell, white; Lloyd
Hayden, Joe Freeman and Henry Allen,
colored were released from custody.
1t is believed the trial and conviction
Of Brown was the shortest of its kind
in the state of Oregon.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
Sheriff's Notice of Sale of Real Property
on Foreclosure

Notice is hereby given that by virtue
of an execution Decree and Order of Sale
issued out of and under the Seal of the
| Circuit Court of the State of Oregon for
Hood River County, on the 18th day of
July, A. ID, 1920, upon a judgment and
decree entered in the Circuit Court of
the State If Oregon. for Hood River
County, on the 9TH day of July. A. d.
1920 in favor of Hllsboro National Bank
a banking corporation, plaintiff, and a.
gainst Yamhill Land Co., a corporation,
and ii. &. Fleischhauer, defendants, for
the sum of Eleven Hundred tSll00.00)
| Dollars, United States Gold Coin, with
interest thereon in like Gold Coin at the
rate of eight per cent per annum from
the 9th day Of May, A. D. 1918, and the
further sum of Three Hundred Seventy
Five and i0-100 (S375.l Dollars, to-
gether with interest thereon since the
10th day of October. A. d. 1914, at the
rate of six per cent per annum. and the
further sum Of Two Hundred and Fifty
Dollars, attorneys fees, and the costs
and disbursements of said suit. taxed at
SlS %, to me directed and delivered
and commanding me to make sale of
the real property hereinafter described,
have levied upon, and pursuant To the
commands of said execution, Decree and
Order of Sale, will, on Friday the goth
ay of August, A. d. 1920, at the hour
OF ten o'clock, A. NJ of said date, at the
East Front door of the County Court
house in the city of Hood River, Hood
River County, Oregon, sell at public auc-
tion to the highest bidder for cash in
hand, all the following described real es-
tate, lying, being and situate i'm the
County Of Hood River, State of Oregon,
and more particularly described as fol-
lows, to-wit.
Fractional Lots numbered | 2, 3, 4, 5
and and Lots numbered 10, 20, 81, %,
%, q, all in Fractional Block numbered
2S; Lots numbered 4. 3, g. 10, 20 and 2l,
all in Block numbered 81 Lots 8, 10, II,
and IL, all in Block numbered 32 of
Hood River proper as per the official
plat thereof recorded April Is. 1890, in
Deed Records of Wasco County, State of
Oregon, in Book "P" at page 236, refer
ence to which is hereby made, and the
same is made part hereof. Said Hood
River proper is now an addition to the
City Of Hood River, Oregon,
to satisfy the hereinbefore mentioned
snms, and for the costs and expenses of
sale and OF said writ Said sale will be
made subject to redemption as per stat
utes of the State of Oregon.
Dated at Hood River, Oregon, this
22nd day of July, A. d. 1920.
7. F. Johnson
Sheriff of Hood River
+. b. Tongue, County, Oregon.
Attorney for Plaintiff. jy22al9
The Hood River glacier. (Hood River, Or.) 1889-1933, 1920-07-29
e.,
Notice TO Creditors

Notice is hereby given that the un-
dersigned has been appointed admins
tratrix of the Estate.Of Clifton Kent
Marshall, deceased, by the County
Court of Hood River, County, Oregon,
and has duly qualified as such. All
persons having claims against said es-
tate or against the deceased are here
by notified to present the same, duly
verified as provided by law. to the un-
dersigned at the office of her attorney.
George r. Wilbur, Eliot Building,
Hood River. Oregon, within six months
(6) from this date.
Dated and first published July Is,
1920.
Sarah r. Marshall,
j15al2 Administrix.
New Britain herald., 1920-06-04
NEW LYCEUM PICTURE.

The Little Shepherd of Kingdom
 Come" is Jack Pickfords first Gold wyn. It is the story of poor but an ambitious boy. Chad (Jack Picl<ford), , who runs away from his Cumberland
 home and after a long journey arrives in a valley known as ''The Sunset Valley of Kingdom Come" In thia place the shepherd boys future is moulded. He leaves this diVinely named place to become a protegc of a wealthy army major. Major Buford discovers that the poor shepherd boy is distantly related to him and be- comes very devoted to him and makes it possible for him to obtain an edu- cation far better than the ambitious Chad ever hoped for. When Chad leaves the valley for Lexington. Ky, he leaves behind hlm a devoted ad- mirer. Melissa. She learns that her idol has fallen in love with another