The Idaho Springs siftings-news., 1921-01-21
COLORADO NEWS NOTES.

sale of stocks, bonds and other secu-
rites, under the government interpre-
tation that such profits are "income."
This warning followed the publica-
tion of statement calling attention to
recent decision by the United States
District Court OF Connecticut. This de-
cision held that income from the sale
| of stocks and bonds is "capital in
| crease" and therefore not taxable by
| the government by virtue Of consti-
tutional provision. "The decision al
fects the state of Connecticut only"
says Collector McCauly Of Colorado.
until the case is carried to the SUI
preme Court of the United States, If
1t is, tand unless that court sustains
the lower court, no other district in the
United States Is affected"
A boxing bill will undoubtedly be in
troduced in the State Legislature
This bill will place boxing in this state
under commission of three men to be
appointed by the governor. 1t calls
for bouts of fifteen rounds to decisions
rendered by q referee and two judges.
A tax of to 10 per cent will be levied
on the receipts Of bouts which will go
to the state. A license fee of 500 in
cities of the first class and $50 in cit
les of second class will be charged to
each club, and 1t also provides that all
boxers, managers, seconds and referees
shall be licensed.
Routt county has just completed two
! substantial steel bridges. One spans
the Elk river at Glen Eden, and the
other Is across the same stream at
Cochran ford. The former Is seventy
six feet span and the latter ninety
feet. Each bridge is sixteen feet wide
in the clear, with cement abutments,
and the cost was $11,5OO. They serve
a large territory. Contracts were let
last spring, but on account Of the
scarcity of material the work has Just
been completed.
The day of the little red schOOlhouse
is passing in FL Paso county. In the
last year the direction of rural school
affairs under Mrs. Inez johnson Lewis,
county superintendent of schools, has
resulted in school consultations
eliminating fifteen small and one
room schools. They have been re-
placed by three modern brick build
ings costing $4,000, centrally To-
Gated and accessible to all children by
means of well-directed motor bus
routes
Plans to inaugurate campaign to
Increase their present membership, to
obtain greater publicity, favorable leg.
islation, better marketing conditions
and better development of roads were
arranged by members of the State
Farm Bureau at Fort Collins. W. G.
JamisOn of La Veta was elected presi-
dent of the bureau for the coming
year.
| Fred Peck, overseas veteran, who has
been undersheriff at Grand Junction
since the designation of Bert Watson,
sitl m0nth4 ago, resigned to become
commissioner of civic health and beau
ty, to fill the place left vacant several
months ago by the resignation of
Charles X. Holmburg. Mr.. Peck is one
of the youngest officials holding a
civic position in Colorado.
Notice of dissolution for the Pa
gosa Springs Stockmen's and Mer-
chants bank, filed with the secretary
of state Jan. II, was made for the pur-
pose Of changing the bank from a
state bank to a national bank, accord
ing to announcements made yesterday
by Paul Hardy, vice president Of the
bank, who declared that the institu-
tion was not defunct.
r.. v. Ellington of Denver has re-
Gently been appointed as state super
visor of trade and industrial educa-
ton. This work is carried on under
the direction of the State Board Of
Vocational Education, cooperating
with the national board.
A lone bandit invaded the Littleton
State bank, and at the point of an au-
tomato pistol forced Cashier Willard
Teller to turn over $4,000. He es-
caped In a small automobile.
A hearing relative to the Mountain
States Life Insurance Company, OF
which Claude w. Fairchild, former
state insurance commissioner, Is pres
ident; former State Treasurer Robert
Fl. Higgins, treasurer, and Governor
Shoup a stockholder, has been ordered
by State Insurance Commissioner Earl
Wilson as result of allegations filed
In the commissioners office by M. G..
Hodnette, prominent Denver insur-
ance man.
Joshua Sykes, self-styled "Great Je-
hovah' and "King Supreme of the
World" Of the Tahernacle Of Dayid
must serve term of eighteen months
in the federal penitentIary at Mcneil,
Wash, according to telegraphic infor-
nation from Washington. The United
States Supreme Court refused to re-
view the conviction returned by fed
eral jury in San Francisco, Jan. 16,
1919, on charges of obstructing the
draft.
Orders have been received by Lieut..
Commander P. S. Thesis In charge of
the Denver navy recruiting station to
close the substations at Colorado