davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-03-12

March 1, 1913, Is TO be eliminated The
suits resulted from action Of Congress in
making income tax law retroactive in
this respect
The present position or the Govern
ment, however is still being opposed In
the Supreme Court BY several big tax
payers. and hundreds OF millions are In
Tolved. The opposing contention IL that
any gain derived from the sale OF capt.
tai assets is capital. not income, and
therefore Is not taxable.
The Governments concessions were
filed with the court In two cases which
we're being argued to-day Ono was
brought by Frederick f. Brewster OF
Connecticut and the other by David NJ.
Goodrich of New York. Both were to
recover taxes under that section. Fol-
lowing Is an example OF the taxation
practice which the Government admitted
Was wrong
900 In 1911. He sells them for the same
amount in 1916, thus receiving no profit.
But on March 1, 1918, the market value
OF the bonds was down TO $4,000
The Government under its past policy
collected an income tax on the difference
between the sale price and the value on
March I, 1913, or $4,000, despite the
fact that the holder made no profit. ~
now admits that Il can collect the tax
only on the differences between the ac-
tual sale and the actual purchase prices
In the Goodrich case, Mr.. Goodrich
actually sold securities at n loss, but
because the sale price was greater than
the value on March l, 1918, no was
compelled to pay an income tax on the
difference.
The New York herald., 1921-03-12
s1OO,OOO,OOO TAXES
TO BE REPAID BY j. s.
Government Reverses Policy
on Sales of Capital
Assets.
NEW RULING ON PROFITS
Classed as Income Only When
Selling Price Exceeds That
Of Purchase.
NEW RULING ON PROFITS
Spectai Despatch 70 THH NEW YoRK HEsALp
New York Herald Bureau,
Mnahinrfon. ID. C.. March IL.

Sgectai Despatch 20 THH NEW YoaK HnxALp.
New York Herald Bureau,
washing gton, ID. C., March IL.
More than s100.00o,0o0 win be re-
turned TO taxpayers az the result OF the
Federal Government reversing It's policy
on one class OF income taxes in the
United States Supreme Court to-day.
The taxes In question arose under the
section OF the 1915 income tax law pro-
viding that profit derived from the sale
OF capital assets--stocks. bonds and
other securiies-is taxable rs income.
The law then provides that as assets
purchased before March l, 1918, but
sold after the income tax law became
effective. the tax Is 10 be based on the
increased value at the time OF sale as
compared with the market value ON
March /, 1913
That arbitrary method OF determining
an alleged gain-that Is, by using the
value on March 1. le13-canrot be sus-
tained, the Federal Government ad-
nitted In a brief filed with the court by
Solicitor-Generai Frierson. The action
OF the Government undoubtedly will re.
suit in the court knocking out this pro
vision when its final decision Is an
nounced. In the past the Government
has contended that IL could determine
the taxable gain In the manner stated,
and IN addition 10 collecting large
amount OF taxes as the result has won
suits on this point in lower courts.
The position OF tho Government now
is according 70 the brief OF Mr.. Frier-
son. that the income tax can be applied
TO capital assets only when 1t liz clear
that a profit was obtained from selling
them for greater amount than thu
purchase price. The computation on this
basis OF the value of the securities on
The New York herald., 1921-03-12
CONGRESS READY TO
INSTRUMENTATION
Attitude of Press and Public
Toward Cooperation Move
Gratifies Officials.
pee,al Despatch % ruz Nrw YORK HERALD
New York Herald Bureau.
Kl..uialna4n.. q March III.

spec.al Despatch 20 THE NEW YORK HERALD.
New York Herald Bureau.
Washington ID. G., March IL.
The favorable reaction OF the press
and the public throughout the country
TO the proposed reorganization OF the
executive departments of the Govern
ment is a matter Of extreme satisfac-
ton to officials here.
Senator Snoot (Utah). chairman Of
the Senate joint committee on reorgani-
zation, said he had been IN conference
with Secretary OF Commerce Hoover TO
discuss the necessary legislation in coIi-
nection with the reorganization, and
that there is every indication Of har-
nonious cooperation between the legis-
lative and executive branches OF the
Government. 1t appears also there is :
widespread popular interest in the mat
ter. which is being reflected in thou
sands OF letters received by the joint
committee
II am delighted with the approval of
the press and the public' said Mr.
Snoot to-day. II note with much sat-
isfacdon that THE NEW York HERALD
approves of the project editorially to-
day, and find similar spirit in other
papers.
II have no doubt It will go through.
because this is the first time we ever
had a Congress, a President and every
member of the Cabinet interested in Il.
The committee. am confident, will
receive every possible assistance from
Cabinet members to bring about better
conditions In the departments and tho
elimination or duplication of work and
extravagant waste OF public funds.
Last evening / talked over the mat
ter with Secretary OF Commerce Hoover
at his home, and was delighted to learn
that he has given SO much attention
to the question. He Is very enthusi-
asac to make tho reorganization suc-
cess and will do everything In his power
to make il So
One OF the first proposals TO be taken
up Is to combine all Government pur-
chasing under one purchs sing aSent
and thus 10 end the practice OF COM
petitive bidding for the same articles
by different branches, thus forcing
prices up and wasting money.
Senator Smoot indicated also that the
legislation for reorganization will be
framed separately rather than in ono
largo bill covering the complete re-
Organization In prospect This means
the changes win be gradual. and that
the passage Of many laws will be
necessary before tho entire field oil
governmental activities can be covered
Necessarily it will occupy many
months, the precise number of which
cannot be determined Mt this time.
The Joint committee. Senator Smoot
said, will go ahead with its work rs
soon as all its members can be as
sembled, which, he thinks. viii be III
the near future.
The New York herald., 1921-03-12
WILSON ENTERTAINS
TWO OLD ASSOCIATES
Baruch and Davis Guests at
Private Dinner.

NAsHINcroN, March I1.-woodrou
Nlson rounded out the first week OF
h's return to private life tonight with
& private dinner. al which r. NJ. Baruch
of Now York and Norman ri. Davis
formcr Under Secretary OF state, who
hes been retained in the Hartlr1g Ad-
ministration as the American member
~ the International communications
conference. were guests. II was said
q signaliEo Mr.. Wilson's intention 10
feep IN touch with men and affairs
The former President. IL IL said, il
now fully established In his new homs
and has suffered no setback in health
JUS principal household difficulty. HIS
friends report, has been 10 find room
In his rev house for his library Of
1000 volumes.
Mr. Wilson spends some part or sysry
day debating 10 a stenogra pber. at
sn1pting 10 dispose OF a vcrv heavy
correspondence. and, with Mrs. Wilson
frequently takes motor drives IN the
fteruoon.
The New York herald., 1921-03-12
CRISSINGER GETS
SENATE APPROVAL
Nine Other Nominations by
Harding Confirmed: Many
New Ones Sent In.
JOHN J. ESCH FOR i. G. G..
Senator La Toilette Intends to
Speak Against His Wiscon-
sin Opponent.
JOHN J. EsCH FOR /. G. G..
special Despatch to THE NEW YORK HERALD.
New York Herald Bureau,
VIZ ahin~ n q March ll.I

special Despatch to THE NEW York HEaALD.
New York Herald Bureau,
Washington, ID. c., March III.
The Senate to-day received about
score Of important nominations from
President Harding, all of which, 1t Is
expected, will be confirmed. Ten NOM
nations were confirmed to-day. includ-
ing:
r. f. Crissinger OF Marion, Ohio, 70
be Comptroller Of the Currency: Fred
Norris Dearing Of Missouri, 70 be As
ssta7t Secretary of State; William ;.
c1ihe~tson Of Kansas, reappoiated as
member Of the Tariff Commission: Wal
ter Lyon, TO be United states Attorney
Tor the western district 81 Pennsyl-
vania William ]. Keville OF Boston, to
be United States Marshal for M1ssachu-
sets Capt. Charles 3. McNa ll., to
be chief of the Bureau OF Ordnance IN
the navy. with rank OF Rear Admiral !;
Emory A. Bryant OF Washington, ID. e..
10 be assistant dental surgeon IN the
navy falso to be passed assistant DEN
tai surgeon) Ernest Lester Jones, to
be director OF the Coast and Geodetic
Survey, and Fl. j. Ball, to be Assistant
Secretary OF Agriculture.
The other nominations sent to the
senate, which may be finally acted upon
tomorrow, follow:
John j. Esch. former Representative
CNis.) to be member Of the Interstate
Commerce Commission, and Mark W.
Potter Of New York, reappointed 70 the
commission William IL. Joyce Of Los
Angeles, rea ppointcd as member OF the
Federal Farm Loan Board, and Clarence
q, Chase Of New Mexico, TO be mem
Der OF the board.
Medical Director Edward r. Stitt, 70
So SGiSeon-General OF the navy and
,.sSef c,s the Bureau of Medicine and
s'S4ery.
Chaplain John T. Axton, TO be chief
or chaplains. with rank of colonel; Capt.
s,anrles =. DAILY. military storekeeper TO
ha seorehssper, with rank of major: Col.
Gustave Lukesh, Corps OF Engineers, to
be a member of the Mississippi River
Commission.
In the Marine Corps, the permanent
rank OF Brigadier-G General was conferred
upon the following temporary Brigadier-
Generals: S. u. Butler. Logan Feland
and Harry Lee.
The only sign OF real opposition to
the confirmation of the above nomina-
tions was manifested by Senator La
Toilette (Wis.) against the selection of
former Representative Esch 10 be q
member of the Interstate Commerce
commission, and q less serious objection
by Senator Walsh (Mass), Democrat,
10 the nomination OF Thomas o. Marvin
for the Tariff Commission.
Senator La Toilette intends to make
a speech in opposition to the confirma-
lion OF Mr.. Esch. The two have been
political enemies for years and the SEN
ator made successful fight against the
nomination OF Esch In the Republican
primaries. Mr.. La Toilette is violently
opposed to many provisions IN the Esch-
C,tnrnins railroad act and bases his op-
position to confirmation largely on the
ground that Esch helped TO frame that
law.
The New York herald., 1921-03-12
PERSHING SEES HORSES
GO THROUGH FIRE HOOPS
Spectacular Drill GiUen by
CaUalry at Fort Myer.
sp,cei DcspGich to TME NEW York HnSALp
New york Herald Bureau,
Washington, ID. O. March II

Wi'a Cea Pershing as the honor
rncst, specta cuiar exhibition drill WAS
Fivea his afternoon by the cavalry and
artillery fo-ces stationed 1T Fort Myor.
This was followed by O dance in the
Administration Building, and the double
event attracted a notable attendance.
\ salute OF seventeen guns announced
The Generals arrival at the riding hall
and hs viewed the exhibition from a
COX where he was seated with Col Will
.rn1 G. Rivers. commendant at Fort
Nyer Mre. Rivers and q few guests.
Several new and spectacular features
wore Introduced into the drill. One group
os horsennen and their mounts made
their entire nee through the window. and
rs grand finale the horses were
jumped through a hoop OF fb1n1a while
pistols were fired beneath their feet
The Administration Building was ga
with flags. bunting and green's, the
Generals flag and the flags or the
roSiments on the post being grouped be-
hind the receiving line. Mira Rivers
greeted the guests and introduced them
10 Gen. Pershing
The New York herald., 1921-03-12
SUSTALNS BAN ON LIQUORS
ABOARD SHIPS IN u. s. PORTS
Department of Justice Reported to Have Refused to
Review Its Decision, Protested by British En-
bassy, on Transshipment of Intoxicants.

ury Department The review was asked
because OF the international questions
involved.
The Justice Departments refusal 70
not expected TO end the matter, accord-
ing to prohibition officiale. who say they
have been informed that the British
Embassy will urge the State Depart
ment 10 renew It's request, and In doing
so will cite existing commercial treaties
especially with regard TO Canada.
Until the question finally is settled
officials said customs regulations on the
subject would be held III abeyance and
the status, both or transhipments Of
liquor and vessels touching at America n
ports. would remain unchanged.
The New York herald., 1921-03-12

WASHINGTON, March 1.-THE Depart
nient OF Justice was said tonight By
prohibition officials to have refused to
review its recent opinion holding trans
shipments OF liquor from one foreign
country to another via this country n
legal and ships touching at American
ports with intoxicants abroad TO be
vioiators OF the national prohibition act
The refusal was made on the ground
that search OF the authorities revealed
no reason for reversal
Request for the review was made
some weeks ago by the State Depart
ment. to which the British Embassy
made representations. and by the Treas
The New York herald., 1921-03-12
FRUTCHEY SILK SHOP
| WEST 40TH STREET
NEAR FIFTH AVENUE

NEAR FIFTH AVENUE
Roman Crepe-frst actual retail sell
ing in America-white, silver, ecru,
Beige, Hindu Red Periwnkle and
Blue like the one Mrs. Harding likes.
See it today, purchase it today, let
us send it to you today-$850 per
yard
"How did you get il 50 soon? Ansa=ing' Per-
fectly an,a=ing,' The silk Uho said this
10 Mr.. Frutchey kneu, as ueN as you do, that it
is our business to render unusual silk serrice
The New York herald., 1921-03-12
BURSUM u. S. SENATOR
TO FILL FALL VACANCY
Governor Of NeU Mexico Se-
lects Former IolDo Man.

SANTA F,E. y. NJ. March f1.--liov.
Mecham to-day appointed Holm 0. Bur-
sum or Sorooco United States Senator
from New Mexico to succeed a. r. Fall.
COW Secretary OF the Interior.
Mr. Bursum has been an active figure
in New Mexico politics FOR a quarter OF
century and 4 candidate for Governor
g. Two elections. Ee was born at Fort
Dodge. Iowa. IA 1868 and came tc New
Mexico III 1889. lie Is married and has
three dagllters and one son.
The New York herald., 1921-03-12
MOVES TO END POSTAL
CIVIL SERVICE ORDER
Fess Asks VieUs of Col
Leagues on PostmaSferStips.
spseiaL pesaa.eL v Tmn Akw Yoek Ans.La-
New York Herald Bureau.
Washington, -. g., March ~,


New York Herald Bureau.
Washington, -. G., March II.
A movement 20 ascertain the views Of
the Republicans OF the House on
whether appointments Of postmasters
should be based on civil service exami-
nations or political qualifications" was
started to-day by Chairman Fess Of the
Republican Congressional Campaign
Committee.
It Is understood that . majority ~
the Representatives do not favor the
civn service system which was pu- into
effect by an executive order or Prssi-
dent Wilson. As a result the move
ment OF Mr.. Fess Is looked upon as 4
plan TO inform President Harding Of
the views OF the Republicans in the
House
Mr. Fess has addressed letter TO all
the Republican Representatives asking
them to state whether they favor the
continuation, the modification or the
revocation Of the Wilson order. The
belief prevails in the House TO some ex-
tent that the civil order was pronlul-
gated to keep many Democrats In office
upon the change OF Administration.
The New York herald., 1921-03-12

Kirschbaunt Tuxedos and FuH
Dress coat and trousers special at
s45. Slight charge for alterations.
The New York herald., 1921-03-12
HUGE wooD FUEL BILL.

WASHINGTON, March I1.-Fermers
burned up 6s.244.000 cords OF wood
valued at ss45.s6s.oo0. FOR fuel last
year. Department OF Agriculture fig
tres disclose the average was 10.s cords
uer farnl.
The New York herald., 1921-03-12

FIND Herald Want Ads. worry effectiya a.
securing high class technical poaitions
Columns arc read by bost type OF craplo. .
srs. From letter OF herald advsrtis.r.
The log cabin Democrat., 1921-09-02
RED CROSS PLANS
 NEW YORK'S WORK

A Red Cross nurse who would be on duty two days of the week at the Conway public school and at other public schools of the county the re- maining days of the week, possibly will be employed by the local chapter of the Red Cross. At a meeting of the chapter last night, this phase of Red Cross work was considered and also the maintenance of the home serv- l ice department, which has rendered effective aid to soldiers and their families. It was agreed, however, to postpone adoption of plan until the city and county health officers have been consulted.
 The duty of the nurse at the pub lie school would be to make periodical examination of children, and recom- mend to their parents correction of any defects which might be found. Public health workers and educators consider this work very important, and many schools have added such a nurse as one of the corps on duty. As outlined by the chapter here, the nurse would in cooperation with the county superintendent and farm agents visit other schools of the county and ex- tend to them the same service as given at the Conway schools. A competent nurse can be secured immediately, it was said.
 A fund of s1 400 is now held by tie Red Cross here, and the expense of maintaining a health nurse would be Si,SOO annually. The chapter anti c'pates additional funds from the an- nual roll call in December, and it is hoped that the returns will be suf- ficient to employ the nurse and also to maintain the home service depart ment.
The log cabin Democrat., 1921-09-02

We make abstracts. Durham & Co.-2-12dtf
 Ladies Walking Oxfords, at Newborn Bros.
 Erbacher's for Fresh Meats Phone 90.-dtf.
 Splendid roller top desk for sale. Phone 345.-9-2d3t.
 Farms for rent H. D. Russell, 312 1 N. Front St.-9-1d3t
 Fresh veal every day at Erbacher's ] Market. Phone 90.-9-1d2t.
 Ccckwood For Sale-5ee I. N. Fields, Phone 24.-7-13dtt.
 Fresh veal every day at Erbacher's Market. Phone 90.-9-1d2t. Wanted-Veal calves. Central Meat Market. Phone 285--7-25dtt
 Miss Loda Orr of Cabot is the guest of Miss Marion Cherry.
 Mrs. Owen Harris and daughter went to Little Rock this morning. For Sale-A1 Jersey milch COW. H. D. Russell, SIP N. Front St.-9-1d3t For Rent-Two furnished rooms for light housekeeping. Call 420.- S-31d4t*
 For Sale or Trade-A few milk cows. Erbacher's Market. Phone 90. I-2-16dtf When you need repair work done on your bicycle, see B. T. Clifft, phone I252.-9-1d2t.
 Home rendered lard at Hiegel. Thessing X Moix. Phone 461-we deliver.-9-1d2t
 For Sale-90 Overland touring car, on easy terms; Al condition. H. D. ll.-9-1d3t
 Ford for Sale--192O model with starter. Price right, terms to suit Dan Cox.-S-12dtf
 For Sale or Trade-A few choice milk cows. Central Meat Market. Phone 2S5.-7-25dtf
 Wanted-To exchange farms for city property or first mortgage notes. H. D. Russell.-9-1d3t
 Mrs. B. T. Clifft will start a small piano class September 8. Register now. Phone 37S.-9-1d3t
 Miss Mary Kennedy of Morrilton, formerly student at the State Nor mal, is the guest of Mrs. Ingram Hartje.
The log cabin Democrat., 1921-09-02

Miss Anna Belle Moore left today for weeks visit to friends at Me Gehee, Ark.
The log cabin Democrat., 1921-09-02
8 MEN INDICTED
 IN LIQUOR CASES

A total of eight true bills against citizens indicted in connection with whlskey cases were made public to- day after the men named defendants had completed bond for their appear ance upon oredr of circuit court. The bills were returned by the July grand jury.
 John Nash, Sr., s. A. Weatherly George Simms and Will Morgan were indicted for appearing on July ? in drunken and intoxicated condition at picnic at Guy. Their bonds were placed at $200 each.
 Allen Hayne was indicted for trans porting liquor, the alleged infraction of the law having been committed on January 15. His bond is $500 Dr. Will Martin was indicted for appearing April 15 in a drunken con dition at Martinville His bond is $200.
 Oscar Dickens and Jack Stevens are charged with transportation of whiskey. They made bond of $500 | oaSil' iHelI dlIeSeu OlleHSe occurred on April 1.
 Complaint for divorce was brought in chancery court by Ollie Corlett against Jesse Corlett, cruelty, deser- tion and attempted defamation of character being alleged as grounds for the action. They were married March 30, 1915, and the defendant is said to have frequently absented him self from home. His final departure was on June 10, the complaint ayers.
 H. Robinson & Son brought fore closure suit against Lewis and Blanch Ward for an indebtedness of $1,150 arising from two notes given Novem- Der "A, 1919, and due in two payments payable November 1 of the two years following Foreclosure is asked on a mortgage given on 200 acres of land east of the Cadron.
The log cabin Democrat., 1921-09-02

For Sale-Six lots on corner of Mitchell and Martin streets. w. R.. Shamrock, 722 College avenue.=9-1d6t
The log cabin Democrat., 1921-09-02
AUTOMOBILES COLLIDE.

A Ford delivery truck belonging to 5. G. Smith and driven by Fatty Mllburn collided just west of the city limits on Prince street late yesterday, when the steering gear of the Ford became road locked in passing the heavy Lozier car of G. L. Burke, and headed directly into the heavier car. The Ford suffered some badly twisted radius rods, wheels and all the steer ing gear. None of the occupants of either car were seriously hurt.
The log cabin Democrat., 1921-09-02
REFINISH INTERIOR
 OF IDEAL THEATRE

A complete overhaul and refinlsh is being given the Ideal theatre, the in- terior of which will be decorated in buff color. Manager w. A. Gibbon is carrying forward the Improvements without interruption of the usual shows. A coat of paint also has been given the exterior and other improve ments added before the winter season is opened.