davidaulloa/AmericanStories huggingface dataset:
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-02-03
PROFESSIONAL MEN
ARE TOLD HOW TO
FIGURE INCOME TAX

Figuring income tax is an easy job
for the professional man. BY educa-
ton and training he is accustomed to
drawing up statements. He has re-
cords OF transactions involving in
come, and keeps well in touch with
his expenditures.
Just what he is allowed to deduct
as professional expense. in figuring
his net income, is what he wants to
know each year as the tax season
arrives. Therefore, review of the
items in general is given in this ar
ticle.
Returns for 1919.
- The present income tax law requires
that returns be filed on or before
March Is, 1920, at the office of the
collector of internal revenue for the
district in which the taxpayer lives
At least one-quarter of the tax due
must accompany the return.
An unmarried person must file a
return if his or her net income was
$1,000, or over; and a married person
living with wife Cor husband) must
file if their joint net income was
widower or a married person living
classed as single person.
The requirement to file federal in
come tax return is not contingent
upon there being tax due.
Form 1040 A is used for net income
of not more than $4,000. Form 104C
for net income over $4,000. Instruc.
tions and a working sheet accompany
each return form.
Every firm of professional men
operating as a corporation must make
an annual return of net income on
Form 1920; if operating as a partner
ship, return on Form 1865 must be
filed.
Gross Income.
An individuals gross income from
a profession includes all cOmpensa
tion for his services.
When services are paid for with
something other than money the fair
market value of the thing taken In
payment is the amount to be included
as income. If the services were rem
dered at a stipulated price, in the
absence of evidence to the contrary
such price will be presumed to be
the fair value of the compensation
received.
In the case of a salary received, this
should be shown separately, in Block
B, of the return. Many professional
men and women-lawyers, medical
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-02-03

The uncollectible bills of profess
sional men, particularly doctors, dent
lists and lawyers, have a very import
ant bearing on the net earnings for
each year. The principal point in con-
nection with such accounts made in
income tax procedure is that there
can be no such allowance for bad
debts in returns figured on the "ca sh
basis That is, person who has
been making his annual returns on the
basis Of cash received and actual cash
expenditures each year has never
shown as income his accounts with
patients or clients, and is, therefore,
not entitled to take them out of in
come.
On the other hand. a person who
annually figured his gross income on
the "accrual basis, that is, included
his cash receipts and charges against
patients and clients for all Of his ser
vices performed during each year, is
entitled to a deduction for bad debts
covering such accounts as he ascer
tanned during the year were uncollect
ible and charged off on his books.
An account merely written down OF
! a debt known to be worthless prior to
the beginning of the taxable year is
not proper item for deductlon.
Wear and Tear
A reasonable allowance for the wear
and tear and obsolescence of such in
struments and equipment, ETC., is al
lowed. The proper allowance is that
| amount which should be set aside for
the taxable year in accordance with a
consistent plan by which the total OF
such amounts for the useful life OF
the property will suffice, with the sal
wage or scrap value, at the end of such
useful life, to provide in place of the
property will suffice, with the salvage
or scrap value, at the end of such use
| full life, to provide in place of the prop
erty it's cost or its value as OF March
! 1, 1913, if acquired by the taxpayer be-
| fore that date.
ObsoIescence
When through some new invention
| or radical change in methods, OF
similar circumstances the usefulness
| in his profession of some or all OF his
| instruments or other equipment is sud
| denly terminated, SO that he discards
such assets permanently from use, he
may claim as loss in that year ths
difference between the cost (reducec
! by reasonable adjustment for wear and
| tear, which it has undergone) and its
| junk or saliva ge value.
| If the apparatus was owned prior tC
March /, 1913, it's fair market value or
! that date should be considered, in
stead of it's cost, in figuring obsOlen
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-02-03
TO GUARD AGAINST INFLUENZA

Don't let the dread influenza get you.
If you have even the slightest cough or
cold, better begin using Foley's Honey
and Tar at once. Henry Willis, Sandy
Point, Texas. is one of many thousands
who consider this remedy Just fine"
He says: Il suffered severely with a
bad cough: after using four or five
dollars worth of different medicines,
decided to try Foley's Honey and Tar.
One bottle gave relief. Best medicine
ever used" Contains no opiates. For
sale by A. G. Luken & Co. ADVERTISE
ment.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-02-03

To Cure a Cold in One Day
Take LAXATIVE QUININE (Tablets)
1t stops the Cough and Headache and
works off the Cold. E. w. GROVES
signature on each box soc.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-02-03

cence. This deduction is allowed by
low, but the taxpayer must be able to
substantiate any claim made on this
basis.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
Copper Metal Outlook

Domestic demand for copper has ex-
banded in a most pronounced manner
during the past six months. Not only
is this true as it relates to recent and
current activity, but there are reasons
to expect further substantial i'm
provement as the year advances And
in the meantime the way is paved To
finance European demand for the red
metal. 1t should be considered that
copper has not us yet been called ac-
lively into reconstruction and expan-
sion. Some students of the situation
believe that the next few years will
witness the greatest demand for copper
In the history of the industry
City Independent.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
LET'S HANG THE GROCER

Sugar has hit % cents a pound well.
why don't you go down and tell the
groceryman that he is a robber? That's
what you have been doing right along.
We are all just coming to realize TINT
we have been, like Senator Capper said
Of Attorney General Palmer, setting
mouse traps around the country when
he ought to have been setting bear
traps"
The Graphic has from time TO time
published Palmer's bombastic state,
ments about turning the country up
sided own and putting the profiteers in
jail but the Graphic has never heard
Of single millionaire being put behind
the bars, yet we know that the public
is being robbed, not in pennies but by
the millions Of dollars to feather the
nests Of the already-rich.
Senator Capper declared that the
proof of prifteering was in the margin
Of profit; that in one year Of the war
the gross incomes OF American corpora
tions rose from 80 1-3 billions to SEA
billions, and he read list of corpora
tons whose profits were placed at from
20 to 200 per cent.
He called attention to what he
termed the annual raid" of the sugar
trust during the season when American
housewives can fruits.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
OBSERVATIONS OF "nAN"
FROM WARD ONE

Man comes INTO the world without
his conesnt, and leaves It against his
will. During his stay ON earth his time
Is spent In one continuous round of
contraries and Misunderstanding In
his infancy he's an angel; in his boy
hood he's devil; in his manhood he's
everything from lizard up; in his
duties he's a damn fool; If he raises
a family he's chump; If he raises a
check he's n thief, and then the law
raises hell with him; If he's a poor
man he's poor manager and has no
sense; IL he's rich he's dishonest but
considered smart; IL he's politician
he's CRATER and crook; If he's out
Of politics you can't place him, az he
is an undesirable citizen: if he goes Ia
church he's n hypocrite; IL he stays
away he's a sinner; If he donates tC
foreign missions he does it for n show
IL he doesn't he's stingy and tight
wad. When he first comes into the
world everybody wants to kiss him
before he goes ont they all want tc
kick him. If he dies young, there was
a great future before him; if he lives
to a ripe old age, then, of course, he's
living to save funeral expenses.
LIES damn funny thing. isn't 1t?
Sand Storm Smile.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
LOCAL RRIEES

John NJ. May. president Of the Stand.
ard Grocery Co.. was a visitor In Dem
ing from III Paso late last week.
j. g. Cooper, president OF the Deming
National Bank. Is absent on a business
trip to ST. Louis.
win Wells motored to Columbus Sat
urday.
The Rev. W. @. Childress and family
motored to FL Paso last Thursday and
spent the day.
Edgar May was in the city Saturday
from his Florida ranch.
Sam Watkins of El Paso was Dem
ing visitor last week.
Ralph Greason has joined the "Ari.
zonaphiles" and expects to leave al
once for Benson, Ariz., where he will
be employed as assistant cashier of the
Cochise County State Bank.
Leo Kimmel left the city Saturday
for Denver, Colo, where he will take
special work In the Ford assembling
plant Of that city.
u. J. Berwick was visitor from
Hondale Friday.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04

Among the visitors from Columbus
last week were: l. M. Carl. Gus Engen-
dorf, A. Frederickson, John Cox, VIII
liam Cline, Sam Ravel. Louis Ravel,
John Dalton. Louis Hellberg. q. o.
Johns, j. L. Greenwood, J. l.. Walker.
Arthur Evans. ii. o. Tracey, Mrs.
Julia DeRose, b. II. Gross, j.. L. Burk-
head, J. J. Clark, @. II. McAuley, Buck
Chadborn, j. l.. Blair. James Poff,
Ernst Engendorf, Frank Manzanares,
J. o. Dixon, j. l.. Powell. Frank Car
ney, g. e. Powers. The most OF these
people were interested In the criminal
libel case brought in the district court
by Mayor j. L. Blair.
Bud Williams and Mrs. Williams
were visitors In Demlng Friday.
Ed Pride was transacting business
b, 'el asst Friday.
dad" Reynolds was In Deming Fri
day from Myndus He reports the
burning of six OF the cottages Monday.
This is n heavy loss for Myndl;s.
The Rev. ]. " Reasoner spent three
days In Tucumcari last week attending
the state meet of the pastors of the
Christian church.
Charles Hoskins vas in from Hon
dale Friday.
Rodd Watkins was transacting bust
ness in the city from Gage last Thurs
day.
j. ID. Todhunter was in from his
ranch last Tuesday.
f. +. Hurt was n visitor from Red
Mountain last week.
Garrett Gibson was visitor in the
city last FRI" y.
j. w. y. tier and wife spent the
weeken In FL Paso.
NJ. $. Nord motored to Columbus las
Wednesday.
Will Haas Is back from California.
Leo Williams was in from his rancl
last Friday.
j. l.. Houghland. the mining op
orator, Is working a large force o
men in his Florida manganese propert
and is doing considerable shipping
This Is one of the most extensive PROF
critics in the Florida mountains at tn
present time.
G. G. Hollenback was Deming Wis
itor from Sllton last Friday.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
STATE OF NEW MEXICO
NOTICE FOR PUBLICATION
PUBLIC LAND SALE
LUNA COUNTY

LUNA COUNTY
Office Of tho Commissioner Of Public Lands
Santa Fe, New Mexico.
NOTICE is hereby given that pursuant 70
The provisions Of an Act Of Congress approved
June goth, 1910, the laws OF the State OF
New Mexico and rules and regulations OF tho
State Land Office, the Commissioner OF Public
Lands will offer ut public sale to the highest
bidder Of II o'clock A. NJ, on Tuesday, june
22nd, 1920, in the town Of Deming County
Of Luna state Of New Mexico, In front Of the
court house therein, tho following described
tracts Of land, viz:
y 81 s., r. s w, containing $4,000 acres
selected for the Santa Fe and Grant County
Railroad Bond Fund. The improvements con
sist Of wells, fences, bitches. grubbing, and
blowing, value $4,000.
Sale No. 1394-Lots 7, 10. H. IS, 10
"a; So NwA, NwA NwA, swA, M
SEA, SWh sen, Sec. 8; Wa NEh
SEA NEA, sen, Sec; III MEN, See. 20;
| 2, 7, 9, 10, IS, l6, VIZ sen. Sec, 81; Ell
Ela NWh, Sec. 80 7. "a s., r. W., sEA
See /; MEX NEk. So NEH, So swZ
| Wa SEA, Sec 70; u Ma, SEA MEX
Eh swhj Ma sen, Sec. 10; Eh VIZ
swh ssW&, Sec. "a sen Sec. 25i T q
Sec. o; Va S =, Sec. 8 all Of Sec 10; II
rs s., II. z W, containing $500 81 acres
OF which 1891 acres were selected for IN,
Santa Fe and Grant County Railroad Bont
Fund There are no improvements
Sale No. i395-Al Of Sections 10, II; Eh
Sec 10; El5 Wa Eh, Sec. 49, all Of Sec
tons 30, 81; Mex, Sec. 81 all Of Sec. 2s
Z ~ Sec. 30; Ma NEh. Wa, WI sen
Sec 80; all Of Sections SO. 81; T. 90 s., r
/ 81, Sec. Z; NEh, 81, Sec. 8 all Of Sec
tons 0, TO- is, 16, II, IS, 10, 20, II, 90
%, 81, 2s, 90; ~, Sec. 81; all Of Section
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
BARTLETT BARBEE'S
SIXTH RJRTUDAX

On Tuesday afternoon, April ~,
quite a number Of little friends of
Bartlett Barbee gathered TO enjoy a
lawn party. Many choice games were
played. Mabel Steul and Carlton Bar
bee assisted in the amusements. A
large table was filled with dainty re-
freshments, while the candles burned
ON the birthday cake All were thrilled
with delight and expressed themselves
as having such good time. Those
present were; Evlyn Brown. Eunice
Brechbill, Lois Jurdon, Margaret VIII
liams, Katherine WhitmOre. Alaine
Crawley Edgar Olsen, Vance Daniel
Tom Elliin Gassaway, Vance Whitehill
Virgil Crawley, Bartlett Barbee.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04

FOR SALE-Red brick, fire brick
lime and sewer pipe. Il. + .Moran,613
Iron Avenue, phone 216. Att
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
LEGAL NOTICES

Indebtedness by said written instrument Sc
cured, amounting, with interest 70 day Of sale.
10 the sum Of four thousand four hundred
eighteen and 4O-iOO ($4,41s.4O) dollars and
that the undersigned be, and he was thereby,
such sale.
NOTICE is FURTHER GIVEN that, by
virtue Of said decree, the undersigned, Special
Master as aforesaid, will. on the 18th day Of
noon OF said day, az the front door Of tho
Court House In the village Of Deming, in said
County and State, offer and expose for sale 70
the highest bidder for cash, the undivided one
third interest aforesaid. in the aforesaid ex.
ecutory contract for the satisfaction Of tho In.
dehtedness Aforesaid, together with the costs
and expenses Of sale.
Dated this sth day Of April, A. d. 1920
FRED SHERMAN,
Special Master as Aforesaid.
April 10 May
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
Corona Typewriters
70 r S ALE
J. G. O'Leary
LEGAL NOTICES

No. 1856
In the Probate Court Of the State OF
New Mexico in and For Luna
County.
In the Matter Of the Estate of Charles
W. Whittock Deceased.
NOTICE is hereby given and is now
on file in the office Of the Clerk Of the
Probate Court OF Luna County, New
Mexico, the Final Report and Account
Of LYDIA Whittock, Administrative Of
the estate Of Charles W. Whittock.
Notice is further given that hearing
will be given on said report at the
Court House, Deming, New Mexico, at
the regular July term thereof to be
begun and holden on the 9th day Of
July. A. ID. 1920, at which time said
Administrative win seek approval Of
her Final Report and Account and her
release and discharge as such admin
istratrix. LYDIA WHITTOCK.
BY FRED SHERMAN. Attorney.
APP 27-May Is
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
W A N 7 E D

FOR RENT-want to rent my house.
IFS Elm st. Mrs. NJ. ID. Allard. 32-tf
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
NOTE TO THE PUBLIC

The Secretary Of War deems il In
Ilvisable TO release to the press for
utilization the names and addresses Of
be American dead as they are re-
nrped from England and Europe, in
lew OF the fact that all these names
Gere published from time to time in
he official War Department casualty
lists. As fast as the bodies of deceased
oldiers are disinterred from foreign
Cemeteries and shipped to this country,
fhelr next Of kin are advised and the
War Department forwards the bodies
&,her to the home address of the next
jf kin or to national cemeteries for re-
nterment. 1t Is believed that the pub
ication of some $4,000 names of
american dead to be returned would
bnly recall the painful days of the war
|lnd further distress the bereaved
families.
Brief statements relative TO the OPP
frations Of the Graves Registration
Service abroad, showing the progress
made and the locations Of the graves
|nd cemeteries where the work is go
ing forward and announcement of each
Shipment, giving the number Of bodies,
win be issued from time to time by tho
War Department news bureau.
Sand Storm Smile.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
ATER BONDS TO BE OFFERED
biz SALE IN THE NEAR FUTURE

Last evening the Deming trustees
Il and arranged for the advertising
the water bond issue Of 100000 as
escrfbed by law. From indications
will not be difficult TO sell the bonds,
: city clerk already being In receipt
numerous inquiries from bonding
uses. However, II may be possible
at the bonds cannot be sold at 81
r cent as proposed. The limit is d
b cent and II looks as though they
|ll have to be sold bearing that rate
interest.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04
mNoTIcE OF FORECLOSURE SALE

mNoTICE OF FORECLOSURE SALE
Civil No 1909
In the District Court Of the Sixth Judicial
District Of the State Of New Mexico, With.
in and For the County Of Luna.
]. q. COOPER, Trustee,
Plaintiff,
oMER E. BAILEY,
Defendant.
NOTICE is HEREBY GIVEN that de.
cree was made and entered in the above en-
titled Court and cause on the 10th day Of
February A. ID. 1890 wherein Il was among
other things ordered, adjudged and deoroed,
that certain instrument Of writing mem
toned and set forth In the complaint herein,
bearing date the lTth day Of September. 1918.
made by the above named Defendant under
the hame az o. r. Bailey 10 the Plaintiff as
Trustee, be and II was thereby, established as
q valid and subsisting lien upon the Defend
ants undivided onethird interest in and 10
certain executory contract for the purchase
from the State OF New Mexico Of . certain
tract Of land situate in the County Of Luna
Aforesaid, and described as: Section sixteen
G6) in Township twenty-four (a4) South,
Range seven "a West n. NJ P. NJ. contain.
ing six hundred forty (640) acres more o.
less. according TO the Government survey there
OF, and which said contract bears date Decem.
Der 18th. 1918, and bears Number 22l, and
was executed BY Robt p. Ervien, as Commits.
sioner Of Public Lands Of tho State OF New
Mexico, as vendor, 20 q. NJ Saddler as ven.
dee and was thereafter by said vondee duly
assigned TO G. 4. Miese. o. E. Bailey and
10. II. Hon; that said written instrument. con.
shutting a lien as aforesaid be foreclosed, and
hat said undivided onethird Interest," Of said
Defendant BE- toid for the satiafaetion Of Tho
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04

Among the recruits for Arizona
hong Deming business men Is Loyal
|aple, who has purchased an insurance
|siness at Nogales. Deming can i'll.
fford TO spare those who have so
|oven their worth as Loyal has in the
bars he has resided here.
Deming graphic. (Deming, N.M.) 1903-1948, 1920-05-04

Foxworth- Galbraith have moved
into their new quarters at the corner
Of Cedar street and Copper avenue
from their old stand at ia N. Gold
avenue.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1920-07-06
, . Q q 90 q q q q q Q . . Q .
MILLERSBURG
80 Q - . . Q . . . .

Regular meeting of City Coun-
Gil at City Hall, Wednesday even
ing.
Regular meeting of Amity
Ledge No. 40, F. and A. NJ, this
evening.
w. e. Butler, of Covington, is a
guest of his mother, Mrs. j. d. But
Ter, and family.
Mr. James Price and family, of
Escondida, were guests of Mr.. and
Mrs. A. T. Maffott, Sunday. '
NO mid-week prayer meetings
at any of the churches this week,
on account of the Chautauqua.
Mrs. Roy C. Pope, of Ashland,
arrived Friday as the guest of her
parents, Mr.. and Mrs. S. E. Bruce.
The Glorious Fourth" was Oh
served here yesterday by closing OF
the banks, postoffice, and many bus
mess houses.
Mr.. and Mrs. c. w. Howard, of
Lexington, were guests of Mr.. w. D.
Mcintyre and family, from Satur-
day until Monday.
Mrs Willie McVey, of Ewing,
arrived Saturday as the guest of
Mr. and Mrs. G. r. Jones. She was
accompanied by her daughter, Miss
Maggie Lee McVey.
Rev. P. F. Adams, pastor of the
Millersburg Methodist church, is
conducting revival meeting at
Hutchison. The meeting will con-
tinue two weeks.
Mrs H. G.. Current. underwent
IN operation yesterday for appendl-
citis, performed by DR.. Barrow, at
ST. Joseph's Hospital, in Lexington.
At this writing she is reported as
doing very nicely.
The Ladies' Aid Society of the
Christian church gave a most enjoy
eble picnic on the lawn at the
home of Mrs. John MARI, near this
city. Everyone had a good time
and returned home happy.
The Miilersburg Chautauqua
opened Monday afternoon, with a
good program. If there are any
persons who have not purchased
season tickets, do so at once, or you
NAV regret it. See next issue for
further particulars of the exer-
ciSeS.
There were many social enter
tainments in the city the past week.
Mrs. T. P. Wadell entertained at
her home in honor of her daughter,
Mrs. Walton Nelson, of Reading,
Pa. Mrs. B. w. Spencer entertain
ed at her home with a five-hundred
party. Among the out-of-town
guests were Mrs. VIM. Howard, OF
Carlisle, and Miss Morford, of Ew-
ing. MIS- C. Grimes entertained
at her home in the Butler Addition.