davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03

otherwise. could I be held RESPONSE
! BILE In any way, even though l have
no knowledge whatever of the wrong
| doing? 1 do this for said friends as
| ing only a very nominal fee for my
| time. / find that many people hesI-
tate going to internal revenue Of
I fees, and a small business man can
not afford to engage a competent
| &c. p. Al
| BILE you. Don't prepare returns un-
| less you are reasonably certain that
, the data submitted to you is correct
Never fail to attach to the return
| full disclosure of all relevant facts
! if you are not positive that the in
formation given in the return is
| based upon reliable record. The rev.
enue department is entitled to the
cooperation of every good citizen.
There Is no reason for hesitating
| to call upon revenue officials for AID;
/ In a long experience with them /
have always found them courteous
and anxious to- assist taxpayers.
@. I32)-Are the following sccuri-
| ties subject to the federal income
Ga) Stock of local fire insurance
companies, national banks. trust
companies: Atlantic Refining pre-
ferred, also
OBJ Notary fees.
A. (a) Dividends on stock are not
subject to normal tax, but they are
subject to surtax.
(b) No.
Q. I33)-(a) kindly inform me
through your valuable paper wheth-
er young man under twenty-one
years of age is legally compelled to
pay federal and state income taxes,
year.
o. Also. whether luxury taxes
may be deducted from tax to be PAID.
A. (D Yes.
OBJ Yes.
@. Q34J-May 1, in making out in
come tax returns. deduct the amount
l paid to a hospita, ror treatment of a
patient who was d stranger 10 me
(And what is the limit of allowance
in case such a deduction is laWtul!)
A No. Had you made a donation TO
the hospital (unless it were private
one) the contribution would have been
d eductible Charitable and similar
donations are dedUctible up to Is per
cent of the taxpayers net income be-
fore reducing such net income by lhe
, amount of donations.
Q. G35)-Kindly advise if may de-
duct hospital. doctor, and dental biiis
from my income?
O. G36)-Kindly favor me by an
swering the following questions IN
reference to state and federal income
tax:
Two partners in business draw q
weekly salary of 500. At the END OF
= year they show a profit of St.ooo
Their weekly salary has been deauSt-
! ed as an expense to the firm kinalE
answer this question and inform me
as to the proper way of filing a re
turn. -..-
"A partnership return. showing
the FIRMS profit and the share distrIn-
4 oh Irfy
M tax rnnst be maid. Each partner
must file an individual return SHOW
ing his salary, his share OF iirn
profits. etc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03

Article XXXVIII.
Section zoe, one of the most i'm
portant as well as one of the most
complicated sections of the revenue
act of 1921 was analysed in the pre-
ceding six or seven articles. 1t was
seen that ordinarily, when property
is sold for cash or it's equivalent, in
| order to determine loss or gain 1t
| is necessary to ascertain the cost of
the property disposed. If the prop
erty in question was acquired prior
to March 1, 1913, it's value as of that
date must also be taken into con-
sheraton.
The special provision with respect
to gifts. made after December 81.
1920, was specifically discussed in
article XVIII. The basis for de-
termining gain or loss. resulting
from the sale or other disposal Of
property acquired prior to March l,
1919, was discussed in article xxx.
Articles XXI and XXXII concerned
themselves with the situations Great
ed as a result of exchanging prop
erty for similar property. The sub
jects of reorganization. of transfers
to a successor corporation, and of
the involuntary conversion of prop
ertv We're discussed in articles
XXXIII and XXXlV.
Subdivision te) OF section 2o2
deals with the situations which arise
as result of receiving, in an eX-
change for property disposed Of.
cash or property having readily
realiZable market value" and other
property which has mo readily
realizable market value" Ordinarily.
the extent to which the money Cor
st,.ao
BILE market value") is in excess of
the cost base represents the taxable
income. The other property is not
taken into consideration until it has
been converted into cash or its
equivalent So far as concerns the
%, (2l and go of section 202. any
money or it's equivalent received in
connection with the exchange re-
dpces the basis referred to in such
section.
Subdivision 60 is the final subdi-
installment sales and specifically
provides that the profits earned may
be taxable during the year in which
an installment payment. represent
ing gain or loss" is received.
QUESTIONS AND ANSWERS.
Q. 130)-Some twelve weeks ago
I opened q small jewelry and repair
and sales counter in another mans
place of business and 1 want to
know if any allowance is made for
cases and safe other than the eX-
pense of transporting and putting in
place. Also fire insurance. advertls-
ing and postage, depreciation on
tools.
A. All necessary business expenses
are deductible.
@. G31)-I would greatly appre-
ciate the benefit of your advice In
the following:
Would there be any crimihal or
civil liability for me to fill out in
come tax returns FOR friends who do
not keep books? They simply guess
at figures. etc In event they give
me false information. knowingly or
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
URGES STATE INSURANCE.

Carl Hookstadt. compensation eX..
pert of the United States bureau OF
labor statistics. asserts in the Amer
lean Labor Legislation Review INA,
states could save s30,Ooo,0o0 year
If all were insured in state funds ex-
clusively for workmen's accident m
surance. He also emphasizes the
superiority of state funds as to serv-
zee and security after investigations
dian provinces The expense ratio.
which means the proportion oil
earned premiums to administrative
EXPENSES. determines the cost OF COM
pensation insurance to employers
Mr.. Hookstadt points out. He SHOWS
that under an exclusive state iuna
the coz. to employers is so per cent
less than under stock insurance and
121. per cent less than under mutual
insurance.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
Record Latent Buying
Power Seen in St, Louis
BY j. n, FINNINC.
Special Dispatch to The Sta

Special Dispatch TO The Star
ST. LOUIS. March 3.-The capital
now ready for investment in this sec
ton reveals what is probably the larp-
est latent buying power on record here.
Economic readjustment toward pros
perity only awaits acceleration
through price and cost liquidation in
the construction industry Sentiment
Is growing among the building trades
for wage reductions. but lack Of ac-
ton is laid at the doors Of some lead
ers. who are alleged to have shifted
responsibility for counsel to that end
to members in the ranks.
Contractors and manufacturers also
are agitating for lower freight rates
on fuel and building materials. Re-
cent petitions by the Frisco road for
lower rates on sand. gravel and coal
Fave been halted by the Interstate
CONNER" Commission
lnqLL. IN coal mining loans of Illi-
nois indicates miners are not finan-
cially situated to engage in a pro-
longed strike. Retail merchants there
say they have already reached the
credit maximum and cannot expand
further. Nevertheless. 4 strike Is ex-
pected.
Better prices for farm products have
resulted in increased receipts at local
stockyards. Current wholesale and
retail business remained unchanged
this week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
LEAF TOBACCO MARKET.

BALTIMORE. March 3.-New re-
ceipts were 100 hogsheads and rein
spections Is hogsheads, against sales
of 1877 hogsheads during the past
week. There is a good demand for
cigarette types. but very few offer
ings, ard unsold stock is alt low
grades and mostly inferior quality.
Prices per 100 pounds-Inferior and
frosted, 3.0oa5.O0: sound common.
6.00a1O.00: good common. 11.00a17.00;
medium, 1s.00a30.00; good to fine red,
31.00a45.00; fancy. 4S.00a5000; sec
onds, common to medium, 5.00a11 90;
seconds, good to fine. 1S.00a30.00; bay
tobacco fire-cured. 15.00a55.00; upper
country, air-cured, nominal; ground
leaves, new, 2.00a23.00.
Stock in Observation-Disclosures
1856; Ohio, 1897. Total, 19.503.
Ground leaves to date. 636 hogs
heads.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
BUYERS STRIKE ACTIVE.

NEW YORK, March 3.-The manu-
facture Of better products to restore
public confidence was advocated as cure
for present national ills by Secretary
Of Labor James j. Davis in an address
to advertising men.
The buyers strike is still in existence,
Mr.. Davis said, adding that its dissipa-
ton would point the way to normal con-
ditions and prosperity.
1.-THE most important thing you can
do is to break this buyers strike, he
said. This buyers strike has not been
alone against high prices. but against
poor quality. We've got to get the
workman aroused to putting out his
best work. and the manufacturer de-
termined to put out the best product in
his power. Honest wares, at fair prices,
will restore confidence, and people will
buy again. The restoration of conf
dence means the end Of unemployment
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
MIDDLE STATES OIL DROP.

NEW YORK. March 3.-Middle
States Oil for 1921 shows a surplus
of s6,133.S91 after charges and fed
crai taxes, or s4.15 a share earned
on $40 par value capital stock. This
compares with s7.663,73o earned in
the preceding year. Gross income
was sS.611.7nS, against sS.l52.315 a
year ago. and expenses and rentals
s2,3a3.S17. against s1,1SS.S53. For
reserves, including taxes, $4,000 was
set aside and S3,9S3.15s was distrih-
uted In dividends. including S20S.516
dividends paid to the minority inter-
est in Dominion Oil Company, Texas
Chief Oil Company and Ranger Texas
Oil Company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
EXPECT NEW US.
FINANCING SOON
Bankers Forecast Issue of
Short Time Certificates
by the Treasury.

The United States government will
do further short-time financing In the
very near future. according to the
expectation of bankers. who are con-
hdent that soon announcement to this
eHect Will be made by Secretary Mel
lon.
IL is quite likely that the govern
ment will offer large block of new
certificates of Indebtedness bearing
Az per cent
There will mature on March IL gov
eminent Treasury bills amounting to
over half billion dollars Three
issues mature on that date as fol-
!, lows:
a Issue (, date e., Mature coz, Total oo Rat.
August l, 1871. Mar. - 1851 900 81
Sept. IL. 1921. Mar. u l24572oV0 go
Total Observation-Disclosures 9 964, 600
The government will probably is
sue new certificates to take care Of
the above maturities.
March Is is also the date on which
the initial inStallment is due on ac-
count of 1921 taxes.
Hopeful of Better Business.
The Federal Reserve Boards March
bulletin on general business says that
during the past month Improvement
OF conditions in several basic indus
tries has furnished more hopeful
p plospect ior the trade OF the coming
Tba boar, ,,oi,, 49,. a.. .L .x.,,
industry has S,Irfered sonaeUbat 90
result of labor froubIe~ and the 1uc-
tuations in tho nrice of raw nateriaIs
Good condit;ons are renor+ed in tbe
shoe and leather industry, although
New England
The advance in tho vaIue oP apri
cultural products has tended to Gre
ate conditions p7aferiaIlv facilitatinp
both the Ii0uidation of loans al banks
and e ranidiry of rnovement of nrod-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
Real Upturning Point
Expected Soon in Atlanta
BY RALPH SMITH,

nj hAAf1t SMITH.
Special Dispatch to The Star.
ATLANTA, March 3.-The real turn
Ing point upward in retail and whole
sale trade throughout the southeast is
expected this month. Retail trade
showed a decline in the early part of
| the year as compared with 1921, but
this was expected. Wholesale BUSH
ness decreased less than per cent in
money value in the early period
Wholesalers and jobbers now report a
better inquiry and sales are expected
to Increase steadily from now on The
local banks have reduced their loans
ma terially and plenty of money is now
, to be had for legitimate business en-
terprises.
February proved a banner month for
Atlanta in building construction. Per-
m1ts totaling sl.0i5.O00 were issued.
IhlS was Slightly in advance of the
record for January. and combined the
! figures for the two months were the
largest ever recorded here. The CO.
operative plan for marketing cotton is
making splendid Roadway in the state.
An average of 1000 bales a day has
been signed up in the last week.
Holders are looking for better prices.
and there is little tendency to dispose
or cotton except to pay pressing OBJ
ilsatlons. Return of the price to the
twenty-cent-a-pound level probably
would soften the spot cotton situation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
GOLD MADE OF LEAD.
German Chemists Recent Claim
Was Reality Back in 1888.

IOWA CITY. Iowa, March 1.-The
recent claim attributed to a German
chemist that he had perfected a proc
ess for making gold from other
metals has brought forth a state
ment from DIR. Charles r. Keyes, Des
Moines geologist, that DR.. Gustavus
Hinrichs of the faculty of the Uni
yersity of Iowa demonstrated in 1883
that lead could be changed into gold
by removing two atoms of the lead
molecule.
DR.. KeyeS states that the problem
was worked out mathematically by
Dr. HinrichS and that at a later time
the success Of the project was actual
ly demonstrated. 1t was found. how
ever, DR.. keyes states, that the proc
ess was so costly that the artificial
gold was much more expensive than
natural gold.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
JAIL FOR BUTTER THEFTS.
Waynesboro Man Developed Trade
in Stolen Creamery Product.

Special Dispatch to The Star.
STANTON, Va, March 3.-Albert
Bush of Waynesboro was found
guilty of theft in circuit court and
sentenced to spend sixty days in Jail
and pay fine of $500.
Bush, according to the opinion of
the jury which heard his case, was
guilty of having stolen 100 or more
pounds Of butter from the Waynes-
boro Cooperative Creamery. Evidence
tended to show that he would remove
the wrappers and cartons from this
butter, bring it to Stanton, and sell
it to local merchants. developing a
reputation for handling unusually
highs grade country" butter.
Bush was arrested. with Philip Nor
ris, in December. Morris at the time
was an employe of the creamery. At
the magistrates trial Morris assumed
all blame in connection with the but
ter robbery. and admitted his guilt
of having actually broken in and
taken the goods. He is now serving
sentence. but was a star witness in
Bush's trial
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
WOOL UNDERGONE STRONG.

BOSTON, March 3.-The Commercial
Bulletin will say tomorrow: The
final wool auction held by the gov
eminent here Thursday was the focus
Of all attention. The eastern mar
kets otherwise have been dull and
The wool auction, with prices par to
5 per cent up, as compared with the
February sale. showed, however, that
there is underlying strength in the
wool situation still. The goods mar
ket and the clothing market are, still
in the raw material. In the west
buying continues to drag, growers
being very strong in their ideas of
value, while the dealers are less eager
to pay thc~high prices to which the
market has risen so suddenly.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
SUE FOR RECEIVERSHIP.
Ursus Motors Stockholders A1lege
Misuse of Funds.

CHICAGO. March 3.--Stockholders
of Ursus Motors, Incorporated at
100000. filed a suit for receiver
in the circuit court here. The bill
alleges that 1000 stockholders have
been fraudulently deprived Of approx
imately million dollars. According
to the bill, the company was formed
to manufacture tractors and farm
implements. and the money received
has not been used for manufacturing
PURPOSES.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
FEDERATION FOR WHEAT.

federation Of matchmaking asso-
Citations operating on the 100 per cent
pool basis is forecast In a decision
here by a conference Of state associa-
tions covering practically the entire
wheat-producing territory of the
United States. The conference unan-
imously appointed a committee in
structed to make preliminary arrange
ments for the national organization
which is to be put in effect as soon as
the state societies of the middle west
have actively entered the field Of CO.
operative marketing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
CHICAGO LIVE STOCK MARKET.

CHICAGO LIVE STOCK MARKET.
CHICAGO, March Omitted States
bureau Of markets).-Cattle receipts
400 head; veal calves steady to
weak: Other. classes generally steady;
ton beef steers. $50: bulk beef steers.
4oa7.65: bulk fat cows and heifers.
4'75a6,25; bologna bulls largely. 4.15a
40 agIo;gs-Receipts, $4,000 head; fairly
active. mostly 10a15c higher than
uesterday's average: big packers
holding back; top, 11.35: bulk, 1!.ooa
1l.25; pigs slow. Is to IS lower; bulk
desirable, 100 to 40 FOUNDERS around
She SIheeep-Receipts, 5000 read: open
Ing slow: fat lambs about 15c higher:
TOD early, 1875: Montana clippers,
12.25: fall shorn Texas yearlings and
twos. 1900: not enough Ia1ureo
sheep hero TO maxa d ma5Ae@
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
Steel,

CLEVELAND, March (SpecfaD.-
Prices for bars and plates have in
creased slightly this week Steel
men reiterate that production costs
must be reduced if the business is
to yield a profit.
CHICAGO, March 3 (SpeciaD.-The
Pressed Steel Car Company has been
awarded an order for 500 sondolas
from the Great Northern railroad.
YOUNGSTOWN. Ohio, March 2
tSpeciaD.-Open hearth production
has reached about two-thirds ca
pacity, with the Carnegie Steel Com
pany operating fourteen Of it's fifteen
furnaces. More bar and plate mills
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
are operating than heretofore. Heavy
scrap steel Is quoted at $3.50 to $15.75,
| against $14.50 about a week ago.

NEW ORLEANS. March 8 Especially.
The road work now planned in this
state for the current year will result
IN construction and piecing together
OF trunk lines which will give the
state 2,100 miles of first-class roads.
PHILADELPHIA, March 8 (SpeciaD.
Neither manufacturers nor retail
merchants here are worrying over the
ability OF the public to pay for goods
required for fall, but the question ef
price Is uppermost in their minds. es-
pecially as quantities of foreign-made
goods are coming into this market.
DETROIT. March 3 (SpeciaD.-
building permits taken out in Detroit
during the past week carried cost es-
Inmates aggregating $96S,142, COM
pared with $367,415 for the previous
week and $357.625 for the similar
week Of last year. Practically IS per
cent Of the work is in residence con-
struction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
FINANCE AND TRADE NOTES

The state bank of Stratford Okla,
has closed its doors, according TO IN
formation received by Roy Walcott,
state bank commissioner.
Sale of 216 oil leases in the Usage
Indian reservation, offered at auction
at Pawhuska, Okla. under supervision
of the government. brought *".s'o,''"'
r. !. Reynolds Tobacco has declared
a quarterly dividend of ia per cent
on preferred stock and 3 per cent on
common stock, payable in cash April l.
Tuscarora Rubber. with capital of
s1.a6O 900. has been placed in receiver
stip bv Judge w. 4. White. c. {.
Adams and Henry krantz were named
to care for the interests Of the l.soe
stock holders. largely in ONO ana
West Virginia.
A contract for building 500 automo-
bile cars has been awarded the Pull
man Company by the Burlington road.
Mississippi Barge Line in 1921 car
ried 443.o67 tons of freight and earned
s1.779.O56, according to official report.
In 1920 160.102 tons were carried and
the revenue was s6e5.13S.
Bedding Bros. who recently author
lied increase in capital stock from
sS.OnO,G0O to s16.000.oe0. has voted to
distribute the new issue in the form
of a stock dividend.
Declaring German competition Is
wrecking American toymaking, Bobby
Tow Shops. a Rockford, ILL.,. corpora
ton. has filed a voluntary petition in
bankruptcy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
Washington Stock Exchange

SALES
o. Washington Railway and Electric CON-
20 at 30. % at SO, % at SO. % at 38.
washington Gas Lightly at 40.
Lanston MonOtype-2O at 72A.
AFTER CALL
L.anston Monotype-2 at 72L.
MoHey--Call loans. sac per cent,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
CHINESE LOAN EXTENDED.

NEW YORK. March AT the re-
ouest of the Chinese government the
Pacific Development Corporation has
extended until June / next its loan
of $500, 900, which matured March /.
The terms of the extension provide
for payment of s160.000 interest on
the principal. to be made but of cur
rent revenues of the governments
salt administration.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
FOR COOPERATIVE PLAN.

TOLEDO, Ohio. March 3.-Repre-
sentatives of the National Live Stock
Producers Association at a meeting in
Toledo discussed plans for the forma-
ton of a cooperative commission
company to be established at the
Union stock yards at Buffalo. N. Y.
A similar company is reported being
formed to handle the business of the
association at the Chicago stock
wards.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
TOXIC EXCHANGES CLOSED

NEW YORK, March 3--The Japanese
stock and rice exchanges at Toxic were
closed on March /, after the collapse Of
an attempted bull corner, according to
private cable advices received here to-
day by Mitsui & CO., importers. The
dispatch added that both exchanges had
resumed operations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
PARIS B0URsE IRREGULAR.

PARIS, March 3.-Prices moved irreS-
ularly on the bourse today. Three per
cent rentes, 81 francs 80 centimes; eX-
change on London, 4S francs IS CEN
times; per cent loan, Is francs 50
centimes. The dollar was quoted at 10
francs 921a centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03

The discount rats of the Swiss Ma
tional Bank will be reduced from I
per cent to 81 per cent and the in
terest rate from s per cent to AZ per
cent effective from March s. II was
announced today
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
Milk.


DETROIT. March Especially
Price of milk in Detroit has been
reduced to IL cents a quart. brought
about by producers agreeing to share
part of the loss and the creamcries
the remainder. Previous price has
been 10 cents. Pints sell for cents.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
NO sLoss STEEL DIVIDEND.

NEW YORK. March 3.-Sloss-Shef-
field Steel and Iron has passed its quar-
terly dividend Of TX per cent on prefer
rcd stock. Directors said it was deemed
ADVISABLE to conserve its cash resources
in view Of existing conditions in the pig
iron market:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
CAPITAL STOCK INCREASED.

DOVER, Del, March 3.-A certif1-
cate was filed with the secretary Of
state today increasing the capital
poration, Of Flint. Mich. from S.
stock of the Michigan Finance Cor
100000 to $64.500,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
Hosiery.

PHILADELPHIA. March 3 (Special)
Consumers seem to be well supplied
with hosiery. judging by the lull in de-
mand. but the change of seasons with
new style offerings is expected to bring
out fresh buying.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
Clothing.

PITTSBURGH. March 3 (speciaD.-
Prices Of clothing have been made
SO attractive in the stores here in
comparison with price levels of a
year ago that many people are lay
ing in supplies for next winter. This
buying for future use is becoming a
definite factor in retail trade here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-03
Commodity Reports
From Various Sections
Us ~ I0NS W
paint

CLEVELAND. March 3 (Special).-
The local Glidden paint plant is oper-
ating with full force. and with two
thirds of the employees working over
time until pm. The Sher win Will