Evening star., 1922-11-28
INTERESTING FACTS
ON TAXPAYMENT
Deduction From Income Tax
May Make Settlement Now
Profitable.
BY I. 4. FLEMING.

The tax question has excited consid-
cradle comment among the banks Of
Washington. Some few have interpreted
he Law A. not obligating corporations
:, meet so per cent of their taxes at
his time. but all seem to have decided
20 pay half Of their entire taxes.
One-hah of real estate taxes is pay
able during the current month. but ths
, per cent on gross earnings Of national
nanNs and trust companies and the I
'er cent on savings bank earnings after
';eductins interest paid on savings and
he Intangible taxes are not payable
mil next May
There is nothing in the law against
i.aying ene-half or all Of the taxes at
his time II bank so desires The co..
eetor will accept payment.
There is a feature of this situation
hat may not have appealed 10 bankers.
= bank paying half of its taxes now
Miii Ne able 20 make oeducation from
us income taxes next March. In like
manner by paying all taxes now it
therefor from the report of income
for the year.
II Is just question whether the
money involved can be used to such
HdvAntage between November 80 and
Nay OF next year as to eQualize the
.;ain through deduction In estimating
income taxes
The demand for money i. not .spe-
,.lally good from commercial interests
keal estaters are after all money avail
toie. but hanks are slow in putting
out funds In longtime trusts
Some of the banks have had espe-
ially good years. the group holding
ne recently redeemed Washington
Hroffts thereon. as they were carried
Z much below par and interest and
paid out at par and interest
Merchants find cause for complaint
over the change in methods Of tax
payment. holding that many taxpay-
RS will find themselves short Of cash
'rith the coming OF the holiday shop
ping season now about to open.
Local Securities.
Local stocks and bonds remain lust
ABOUT as dull and the market unin-
tereStinE.
Continued reports Of decreasing
earnings and the decline In Wall
street have apparently exerted an un-
favorable influence locally. although
here - nothing in the earnings OF
he utilities that in any way puts in
pe,ii , the continuity Of dividends:
IS ever. but entirely nominal Capital
Traction brought 10li1.
Lanston easier at 76h. Graphophone
preferred showed on the sales sheet
of the local board at 90
Railway IS, IS; Potomac IS, 1861.
Chapter Activities.
Tuesday evening-Elementary class
dressed by James Trimble vice presi-
don't Of the National Bank Of WASH
ington. on Loan and Credit Depart
ment.'
wednesday evening-Prof Donahue
Of Catholic University speaks on
Money and Banking"
The elementary class has elected
Kenneth S. Brooks. president; Theo-
dore Boyles. vice president; Mrs. Laila
NJ. Sloat. secretary. and E. NJ. Bean.
treasurer. J. p. Foley was chosen
chief consul.
The advanced class chose Florence
NJ Willard. president: George Shisler.
ice president: W. A. Cady, secretary:
4. A. Bean, treasurer, and ]. D. Foley.
chief consul.
Brought to Justice.
A sentlemanly crock. garbed in the
uniform of an officer of the United
States Army, named Robert r. Man
ming. alias Ralph F. Rule. alias
Ealph r. Varney. has been brought
10 justice and will be tried for i'm
rersonating an officer. Hundreds Of
no funds" checks on the Riggs Bank
have been passed in various set. ons
Of the country and the officers of the
law have been hot on his trail. al
ways a few days late.
Small amounts desired always aided
him in getting the cash from banks.
hut bank in Union. Mo. tocK the
a hold. wanted" reply caused his
arrest by the marshal
Chief Flynn did the balance.
Capital Traction Earnings.
The Capital Traction Company re-
ports net income of $97,s1l94 for Oc-
tober. as compared with SII2S5S.33
for the same month last year.