davidaulloa/AmericanStories huggingface dataset:
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25
Income Tax
Facts You
Should KnOU

To the salaried or professional man
whose principal source of income is
payment for professional services the
problem of making out an income tax
return Is not as great as that present
ed to the owner of a business. In the
case of a merchant. manufacturer, or
any business in which production, pur-
chase, or sale of merchandise is an
income producing factor, inventories
are necessary at the beginning of each
fiscal or calendar year, according to
the taxpayers method of accounting.
The fiscal year is an accounting per-
Tod of IL months ending on the last
day of any month other than Deem
Der. Taxpayers who keep their books
on a fiscal-year basis are required to
make their returns on that basis.
The inventory should include raw
material and supplies on hand that
have been acquired for sale or use in
production, together with all finished
or partly finished goods. It should
include merchandise sold but not billed
to the customer at the date of inven-
tory and any goods out upon consign-
ment unless such goods have been in
Guided in the sales for the taxable
year It should also include mer-
chandise purchased though not actual
ly received TO which title has passed
to the purchaser.
Inventories may be taken either on
the basis OF cost or cost or market
value, whichever is lower. In the case
of a merchant cost" means the in
voice price less trade or other dis
counts excepting strictly cash dis
counts approximating a fair rate of
interest, which may be deducted or
not at the option of the taxpayer pro-
vid!ng a consistent course is follow
ed.
To the net invoice price should be
added the cost of transportation and
other necessary charges incurred in
acquiring possession OF the goods.
In the case of a manufacturer cost
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25
Adventures of
The TlUins
THE MAGICAL SHOES DiSAP-
DEAR
BY Olive Roberts Barton

Lets wish ourselves out of here"
whispered Nick, as the whale sank
faster and faster toward the bottom
of the ocean and the palace of that
wicked wizard, the Bobadil Jim.
ooh, yes, let's" agreed Nancy
clutching at her brother fearfully.
Are you sure that is where we are
going?"
Nick pointed to the place on the
map. and in spite of the water all
around them, Nancy could see plainly.
Nick was right. So they wished at
once.
please, Green Shoes" begged Nick,
"set US on top of one of those big
icebergs floating around on top of the
water, so that We may keep on our
journey to the South Pole"
But instead of finding themselves
instantly whisked off to the place of
their choice. as had always happened
before when the little shoes were ask
ed a favor, the twins found themselves
instead continuing their swift jour
ney to the bottom of the sea.
"Wh-what's wrong?" gasped Nancy.
Nick looked down. Our Magical
Shoes are gone, that's what" he said.
Now we're in for it."
Yes, something had happened to the
shoes. Either the water had washed
them away or some evil magic had
caused them to disappear If the whale
heard this conversation, he made no
reply, but kept on with his passen-
gers. Some strange power held the
children firmly to the whales back.
1t seemed almost as though they were
tied there and no amount of strug-
Cling could get them free. Strange
creatures swan by. fish of all kinds,
and objects with queer forms and
names which looked as though they
belonged on neither land nor sea.
But all the while Nancy held fast
to the carved box containing their
precious charms. She knew that the
wicked wizard would get them If he
could.
Copyright, 1921, NJ. G. Al
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

and to s2,949, O00, 900 in the calendar
year 1920. compared with an excess
of 1901, 100000 in December and s4,-
016,000,000 in the calendar year 1919.
The excess Of exports has averaged
around $4,000, 100000 in the calendar
years 1916, 1917, 1918 and 1920. this
amount having been exceeded by one
billion dollars in the year 1919.
Imports Of gold amounted to s429.-
100000 In 1920 against s77,000,0o0 in
1919, while exports of gold were 1922
100000 in 1920 compared with $685.
000,0 in 1919.
Silver imports in 1920 were SIS, 000,-
900 compared with sS9,ooo,000 in 1919
and silver exports s114, 900 900 in 1920
against $685. 900, 900 in 1919.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25
Press Comment
Will Make Sugar From Cane This

We have had great deal to say
about the development Of the sugar
cane industry in Florida and have
urged the idea that sugar could be
manufactured satisfactorily and prof
itably from the sugar cane grown in
this state.
In view of this it is with consider
able satisfaction that we read In the
Miami Herald Sunday edition that the
Pennsylvania Sugar Company of Phil
adelphia, which now owns 10000
acres in the Everglades, along the Mi
ami canal, is installing a small plant
for the manufacture of sugar and
syrup, for the purpose of testing out
the various kinds of cane grown on
several hundred acres the past year
and that sugar would actually be made
there this month or next at the latest.
This mill is equipped with the very
latest sugar and syrup making ma
chinery and Manager Harris expects
to produce fine quality of cane sugar
from the cane grown on the big plan
tation eighteen miles from Miami. If
these tests are successful and it is &C
tually found that the cane grown on
the muck lands of the Everglades con-
tain a sufficient amount of sucrose
content TO make the manufacture of
sugar profitable, it is easily seen that
the possibilities of this project are I'M
limited.
The Pennsylvania Sugar Company
is one of the big institutions of this
country and is rated as the third 1arg-
est sugar refinery in the United
States. 1t has unlimited finances and
the work that has been dons so far on
Its big plantation has been consid-
cred largely experimental. Van AL
lyn Harris. the manager, has had
many years experience in the sugar
industry in San Domingo, but the
treatment Of the muck land, the plant
and Of the cane in this rich soil, the
cultivation of II and the selection of
seed cane that would be adapted to
the conditions existing there, were all
new to him and the first year in this
enterprise has given him and his as
sistants valuable knowledge and ex-
perience that will prove of great as
sistance in further developing of the
immense property of the company.
One of the important elements to be
considered is the short cold spells that
come during the winter months and
the experiments this first year have
included the studying of the different
varieties of cane in conjunction with
the weather conditions. During the
brief cold in December two of the
seven varieties will probably be elm
mated in the future. AS soon as the
grinding of the cane is begun the diff
ferent varieties of cane will be care
fully studied as to their sugar content
and quantity Of juice produced and
when all of the experiments are COM
pleted the company will then be in a
position to proceed with the develop
ment of its plantation and industry,
which will mean much to Florida
Times Union
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25
Money Spent On a Home Is a
Safe live Snent-

The average citizen who rents a
house can afford to own his home.
Renting has few advantages and
many disadvantages. The money that
one spends on rents is lost; there is
no interest; no returns Of any sort,
and after all the renter is only afford
ed the occupancy of a place from the
weather. He has no assurance of per
manency; he is limited in the selec-
ton of a neighborhood-and he never
knows when his rent will be raised.
The plan, even on it's surface, is I'M
satisfactory and 1t hasn't the slight
est resemblance to an investment. For
all the good it is doing after month
is passed the money spent on rent
might as well be dropped into a hole
in the earth.
This is own Your Own Home Day
in Thrift Week. and the arguments
advanced should be studied at length
by the head of every household, be-
cause each is directly affected. "A
place to live" is a vital subject that
always demands attention. A man
without a house is in more immediate
pressing circumstances than the man
without country. The latter is a
technical outcast: the former is an
individual that has no place to sleep
at night. No technicalities involved
in that 1t is a sad, solid reality.
The day has passed when it is re-
quired of a purchaser to pay spot
cash" for a home. If that We're true
today It would be absolutely impos-
sible for the majority of people to
even contemplate the purchase of a
home. because that much money is
seldom available at one time. But
the real estate men and others have
gradually perfected a system by which
homes can be bought on the monthly
small initial payment, and under this
system only the exceptional man is
unable to avail himself of the oppor-
tunity to own and live in his own
home while paying for 1t.
In many instances, after the initial
payment, the amount of the INSTALL
ment is no more than the rent for
merly paid, and even if It were bit
more, 1t is money put in the world S
safest investment, something that
steadily increases In value and which
gradually is being paid for, when 9TH
erwise the money would be thrown
away" ad infinitum.-Florida Metrop-
oils.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25
into by my carelesness this summer.
but I swear l didn't dream"
I laid my hand on his lips.

into by my carelesness this summer,
but I swear | didn't dream"
I laid my hand on his lips.
"Don't sweetheart" 1 pleaded TT is
enough for me to know that you are
safe in my arms. Nothing else in the
world matters. Just rest and get well
for me-"
He kissed the hand against his lips.
then reached up the unbandaged arm,
and with gentle fingers pulled mine
away.
"But there is one thing must talk
about" he said solemniy, something
you must do for me. Madge. for ]
cannot get up from here to see TO 1t.
TITS a hard thing TO ask you to do,
but you are so brave and true. know
you will understand. Tell me, is that
poor girl going to die?"
IL don't know, Dichy," / faltered,
salving my conscience with the
thought that he must not be excited
with the knowledge OF Grace Diapers
true condition.
Poor grill" he sighed. II never
dreamed she looked at things in the
light she did, but 1 feel guilty anyhow.
responsible. She must have the best
of care, Madge, best physicians, best
nurses, everything. l must meet all
expenses, even to the ones which win
be necessary If she should die"
He brought out the last words fear
fully Little drops Of moisture stood
on his forehead. / saw that the shock
of the girls terrible act had unnerved
him.
Nerving myself to be as practical
and matter of fact as possible, I wiped
the moisture from his brow with my
handkerchief and patted his cheek.
soothingly.
az will attend to everything" I
promised, "just as IL you were able
to see to it. But you must do some
thing for me in return: you must
promise not to talk any more and try
to go to sleep"
my own precious girl" he sighed,
happily, and then drowsily-
kiss mel"
1 pressed my lips to his. His eyes
closed, and with his hand clinging
tightly to mine he slept.
How long l knelt there I do not
know. No one came near the room,
but through the closed door could
hear the hushed hurry and movement
which marks a desperate fight be-
tween life and death.
I felt numbed, bewildered. I tried
to visualize what was happening out
side the room, but / could not. I felt
as if Dicky and I had come through
some terrible shipwreck together and
had been cast up on this friendly piece
of shore.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25
REcoMPENsE.
BY Frank L. Stanton.

SO many sorrows had beset my way
thanked God for the dying of the
day.
The shadows gloomed above my hope
less path.
And even LIES roses yelled red thorns
OF wrath
And 80 cried at Fortune--or at Fate;
When little feet came pattering to the
gate.
And lips that leaned to kiss me sweet
ly smiled
And Life seemed lovlier for a little
child
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25
A pAMPER TO GENIUS.

"Alasl" exclaimed the despairing
poet, For three hours have sat
here. but haven't written a line!"
I'm sorry for you DEAR" said his
wife. but what you need is exercise.
Come and help me with the weeks
washingi"
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

Cement Is being used instead of
lead TO make joints IN cast-iron wa
ter pipes.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25
Exit Exaninstions-

There seems to be a great deal to
be said for the plan of substituting
psychological tests. something after
the manner of tina army tests, for coll
lege examinations. College students
would probably not be the last to say
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

We haven't the heart to ask you
about your auto accidents.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

II takes the planet Saturn almost
30 years 10 make a trip around the
sun.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

New York City's population has In,
creased in the past Is years at the
rate of more than $1,000 year.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

Tampa cigar manufacturers are Cit
cd for unfair practices They had the
box contracts sewed up.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

whrningl Don't throw kerosene on
The fire even II it's out
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

Harding may have lost some cam
paign material in the recent fire but
four years from now it will be "old
stuff.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

The Chinese are said to use mirrors
as traps for tigers.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

II Congress fools with the packers
very much more we won't be able even
to look at beefsteak, let alone buy it.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

OuA NOhtA1Ito SGWcu up
o
wlarningl Don't throw kerosene on
The fire even II it's out.
%
II Congress fools with the packers
very much more we won't be able even
to look at beefsteak, let alone buy IL.
Tampa unions who plan co-opera-
tive construction work might investi-
gate tho Pensacola union store with
profit TO themselves.
Mrs. Harding is coming south. Evil
IDENTIFY she has read about the mer-
maids on these Florida beaches.
o.
Duelling in the Argentine isn't half
as dangerous as II sounds. Each man
fires one shot-wild, and honor is
satisfied.
Jack Crenshaw has invested in
new yachting cap.
Says the usually careful Tampa Tri-
bune: Here's hoping Ty Cobb makes
a homerun as manager OF the Red
6ox".--Red Eye'll get you If you fool
with It long enough.
Governor Ha1dee Is looking over
the state institutions. Wants to make
sure the previous administration left
thcm.
Pensacola Red Cross IL using real
babies instead OF books in its Home
Service class.
Recently a minister compiled a list
OF movie stars ait to see".. Now
the most popular stars are advertised
en- mot on the list.
Tourists find Pensacola weather all
that can be desired Even little rain
doesn't dampen their spirits.
Throughout West Florida reports OF
increased business come In. Better
times are already here.
Just because the government hasn't
any money for prosecutions is no sign
homo brewing Is encouraged.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

Tampa unions who plan co-opera-
tive construction work might investi-
gate tho Pensacola union store with
profit TO themselves.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

Minnesota has more than 1000 wo-
men trade unionists.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-25

Mrs. Harding is coming south. Evil
IDENTIFY she has read about the mer-
maids on these Florida beaches.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-11-01

discussed the matter at all and that
SO far as this government was con-
cerned, it had neither sought nor
been given any information about
the Anglo-Japanese alliance by the
British government.
Anyway, the objections to a re-
rewal of the Anglo-Japanese alli-
anee began to accumulate on all
sides. Stripped of technicalities, q
renewal of the alliance meant to
the United States working part
pership between England and Jap
, an in peace-time, whereby Eng
lands talents in naval construc-
ton and war preparations would be
absolutely at the disposal of the
Japanese. 1t is true that. in war
time, England would be obliged to
remain neutral but the last Euro
pean war showed what the diff
culties of neutrality can he and
, how benevolent neutrality" can
be transformed into practical help
Furthermore, the British domin-
! ions couldn't bear to see their ceE-
trail government working in such
! close relationship with the Japan
ese who in other parts of the world
were in constant conflict with the
people OF the British dom'nions.
Many Against Japan.
The words OF the AngIo-Japanese
alliance were vague and general,
yet the Interpretation placed on
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-11-01

same attitude toward the assimila-
ton OF japanese with Anglo-Saxons
as have the people of California.
New Zealand thinks about the same
as Australia. II was a stormy ses-
sior which the British government
had with the dominion premiers.
Opposition to the renewal OF the
Arglo-Japanese alliance was un-
mistakable. America took no part
but our government was happy TO
see the thing develop in Just that
way. The Canadian premier point
ed out again and again that the
Anglo-Japanese alliance was en-
dangering friendship with the Unit
ed States.
Meanwhile, series of strange
newspaper stories emanating IRON
London came steadily to the Amer
lear press, giving the impression
that, of course, the British govern
mont and the Washington govern
ment were consulting each other
about the Anglo-Japanese alliance
and that. of course, it was going. to
be renewed with the knowledge and
consent of the United States. Just
who was responsible for the spread
of that impression. nobody here
knows
But the American officials min
PED the thing in the bud. They
made it plain in many ways that
the British government had not
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-11-01

that alliance by the Japanese mill
tary leaders and statesmen became
far from vague. The truth is the
British business men of China in
a formal statement expressed ex-
sctly the viewpoint of America
when they urged that the Anglo
japanese alliance be not renewed
because 1t had only served as a
menacing stimulant to japanese
political and commercial aggres-
sion in the Pacific and Far East
Thus we have had British citizens
in the Far East against the Anglo
japanese alliance, an Australian
premier expressing lukewrm sup
port for it while his people were
openly antagonistic, Canada boldly
proclaiming her. hostility TO the idea
and the British government in Lon
don assuring Japan on the one
hand of her faith in the alliance
and America on the other her per
manent friendship. The showdown
has become inevitable.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-11-01
ROOSEVELT BUST
ON NEXT ISSUE
OF CERTIFICATES

postmaster Harry P. Simpson to-
day announced that the portrait of
theodore Roosevelt will appear for
the nrst time on a government Sc
curity on the s25 denomination of
new issue of treasury savings
cerlncates which will be placed
on sale toward the end OF the pres
ent calendar year. The new issue
OF treasury savings certificates will
De a feature of the unified govern
ment savings plan which is now
being developed by the secretary
OF the treasury and the postmaster
general and will be announced
later in greater detail The new
plan will combine 10 tho best pos
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-11-01
DIR. ANDREW WILL
SPEAK AT FESTIVAL

DR.. Gustav Andreen, president of
Augustana theological seminary. as
a membereof the cenfral campaign
committee for Gustavus Adolphus
college has been very active in the
Minnesota campaign spending about
three weeks time in a speaking tour
OF Wisconsin. Minnesota, and North
Dakota recently. Next Sunday he
will be the festive speaker at a big
celebration at st. Peter, Mimi, in
honor of the birthday of Gustavus
Adolphus. the viking king of Swe-
den. after whom the college is
named.
Gustavus Adolphus has furnished
more than 200 students for the the
illogical seminary during the 90
years that il has been in operation
At the present more than third OF
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-11-01
MILAN

George Nichols of Omaha, Neb..
came Saturday night for q visit
at the home of his parents. Super
visor and Mrs. W. F. Nichols,
Lee Kell and children of Dewitt.
Iowa, spent Sunday With his sis
tiers. Mrs. 4. Danielson and Mrs.
r. q. Diesron. and with his father,
James Rell, who came Saturday
night from Ottumwa, Iowa, for q
visit with his children.
Arthur Decker came up from Alb
ingdon, ILL.,. 10 play football with
the P. S. c. of Davenport Owing
to the rain the game was called OF,
and Arthur remained for a visit at
the home OF his father. Rev. J. A.
Decker.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-11-01

sibie advantage the facilities of the
treasury and the postal savings
system. and is designed to promote
popular saving and investment in
government securities. The secur-
lilies offered will have a wide pop
ular appeal and will be placed on
sale throughout the country in con-
venient form 1t is regarded as
particularly appropriate that the
Roosevelt portrait should appear
on a security of this character and
on the denomination which will
be most available to the general
public.