davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-01-29
COTTON MARKETS.

NEW YORK. January 2s.-The cot.
ton market opened at an advance OF
II to Is points, with May selling up
to 16.47 on Liverpool and Japanese
buying and renewed covering for over
the week end. More favorable reports
regarding conditions in Bombay and
Egypt and rather better week end
reviews Of the goods market than ex-
pected were factors on the advance.
The opening here was relatively high
or than in New Orleans, and New Or
leans was . heavy seller here in con-
sequence.
buyers for Q reaction and prices eased
or 10 or - points from the best after
the call. but there was enough cover
ing and scattered trade buying to give
the market q steady undertone.
Futures opened firm: March. 16.b5:
May. 1885; July. 1s.o2: October. 15.45:
December, 1880.
Cotton closed steady. Closing bid:
March. 1856; May. 16.41; July, 1910;
October. 1890: December. 1851. zs'
NEW ORLEANS, January 2S.-Cotton
closed steady At q net advance Of II to
"a points. Cloaing bid: March. 1850;
May. 1857; July. 1b.s5; October. 14.s7;
0ooeWbeA AzA 's.sss
Evening star., 1922-01-29
ARTICLE XIV.

AA1xCxG Nv.
Thus far, In our present series, we
have discussed the first four items
referred to in Article vi. We are now
ready to consider, the NTH subject in
the series. namely. E-Credits and
Exemptions. (see sections 21e and
222 OF the law.)
We have already seen that a tax
payers net income Is ascertained by
deducting from his gross income GER
tain allowable deductions. Before we
can determine the tax liability Of a
given taxpayer we must also take
into consideration the exemptions
and the credits to which he may be
entitled.
to- consideration only in connection
with normal taxes, credits may apply
either to the normal tax or to the
surtax, or to both normal and sur
taxes. I have had occasion to refer
to normal and to surtaxes. but thus
far 1 have not explained them. The
normal tax rate is and 8 per cent.
1t is 4 per cent on the first $4,000 of
net income above the Taxpayers ex-
emptions, and per cent on the net
income ON above this exemption, plus
The exemption to which a person
Is entitled consists Of a specific ex-
emption based upon his marital
status. whether or not he is what is
known as the head of family" and
the number of his dependents" The
exemption also includes certain cred
it's. For example. the law provides
that dividends received by an indi-
vidual from a domestic corporation
and from certain foreign corporations
shall not be subject to normal taxes.
Accordingly, it is necessary to add
the amount of such dividends to the
taxpayers other exemptions. SINH
larly, 1t Is necessary to add to these
exemptions the credit which is al
lowed with respect to all interest re-
ceived upon obligations of the
United States and upon bonds issued
by the War Finance Corporation" if
such interest has been included in
gross income. because such interest
is not subject to normal taxes
1 stated before that the taxpayers
exemption depends upon his marital
status and upon the number of his
dependents. Let me illustrate: If
Evening star., 1922-01-29

mittee and have laid plans to show
how the Board of Trade plays host
to members Of the Senate and House
OF Representatives and other promi-
nent officials.
John r. Casper and L. Lee Combs
will be in charge of the committee
on seating and this committee will
commence it's duties this morning at
special meeting. Plans are pro-
vided whereby every person attend
ing will be assured of an advan-
tageous table.
Committees of the Washington
Chamber of Commerce are in the
process of reorganization. New com
mittee chairmen are being appointed
by President Albert Schulteis and
newed activity during the coming
year.
Recent appointments follow: Ivan
C. Weld, chairman membership com,
mittee; NJ. A. Leese. reappointed
chairman Of the committee on con-
ventions, which. with the acquisition
of a convention hall in Washington.
is expected to have busy year, and
William NJ Dove. chairman OF the
audit committee. Members OF the
Wright, G. P. Killian. Robert Milans
and F. A. Van Reuth.
The second week of the City
Clubs experience in Its new mllllon-
dollar clubhouse on q street mas
been even more successful than the
first, according to the clubs officers
That the club has performed a long
needed service in providing q civic
center for various social. civic and
business organizations is indicated,
the officers say, by the great demand
for private dining and conference
rooms.
The clubs own civic activity has
also received much greater re-
sponse. At last weeks forum lunch
con, when Junius 3. Wood. noted
correspondent. representative OF The
Star and far eastern authority. spoke
on American interests in Siberia.
more than $50 assembled in the main
dining room to hear the address.
The speaker at this Tuesdays
forum will be ]. B. Powell. secretary
of the American Chamber of Com
merce of China and editor of the
Powell. who has lived in China for
several years, will speak on Eff
fectS of the Arms Conference on
American Interests in the Far East"
giving a summary of what the con-
ference's work on the far east pro-
blem will mean to America.
Last Friday evening the club gave
a successful smoker to members and
their prospective-membe guests, at
which many applications for mem
bership were made. These applica-
tions are coming in at a rate which
indicates that the clubs roster Will
be filled in a few weeks, the officers
say. Many former members also are
being reinstated.
Among the guests at the club last
week were the Princess Lazarovitch
who is visiting Mr.. and Mrs. c. G.
Calhoun here; Henry Colin Campbell,
president of the Milwaukee City Club.
and Lady Anne Azgatetian. who was
honor guest at luncheon given in
one or the pretty private dining
rooms by Mrs. Cabot Stevens.
Former members who have re-
Joined the club in the last week are
Charles S. Alden. Thomas A Weedon,
Maurice H. kafka. W. L. Radcliffe, r.
w. Henderson, Edward G. Yonker,
Harry HoSkinson, Walter Leaman,
Doran S. Platt. S. NJ. Revness, George
E. Tew, Will H. Towles, Guy o. Dove
and Harry E. Clafiin.
Evening star., 1922-01-29
SUGAR MARKET STEADY,

NEW YORK, January 2s.-The raw
sugar market was steady and un-
changed at Lie for Cubas, cost and
freight. equal to 3.67 for centrifugal,
with sales of $4,000 bags for February
shipment to an operator.
The raw sugar futures market open
ed unchanged to 2 points lower un-
der renewed liquidation. but steadied
up on covering for over the week
end. with final prices unchanged to
5 points net higher. March closed at
2.20: May. 2.3s; July. 2.57. and Sep
tember. 2.71.
There were no changes in refined
sugar, with fine granulated listed al
$40. There was only moderate in
quiry.
There were no transactions in re-
fined futures. Closed unchanged at
$50 for March, $50 for May and $50
for July.
Sugar futures closed steady: ap-
proximate sales, 1900 tons. March
2.20; May. 2.3s; July. 2.57; SeptembsG
271,
Evening star., 1922-01-29
COFFEE MARKET QUIET.
Close 8 to 5 Points Net Higher.
Sales, 1000 Bags.

NEW YORK, January 29.-The mar
ket for coffee futures was unchanged
at the opening and the only business
reported consisted of an exchange be-
tween May and December at seven
teen points and sales of March at $3.50
and S.54. compared with S.49 at the
close yesterday. The close was three
to five points net higher. Sales were
estimated at about 1000 bags; March,
S54; May, s.44; July and September.
S.S4: October s32; December, 1927.
Spot coffee dull; Rio Is, sK to 8;
Santos As. 12a12A. Cost and freight
offers included. Santos IS and 5s at
Ills to 1l.S0 and Rio is at S.25 Amer
lean credits.
The official cables showed a decline
of 20 reis in the dollar buying rate.
with Rio unchanged to 80 reis lower
and Santos unchanged to 100 reis
lower. Rio cleared $500 bags for New
York. Brazilian port receipts, $4,000
bags; Jundiahy, $1,000 bags. Rain
was reported in all districts of Sac
Paulo.
Evening star., 1922-01-29
WILL nominate OFFICERS.
Sons of American Revolution to
Meet-Joint Celebration Planned.

The District of Columbia Society
of the Sons of the American Revolu-
tion will meet at the La Fayette Hotel
Wednesday evening, February /, at
eight o'clock for the nomination of
officers for the ensuing year and
delegates to the National Congress
A joint celebration Of the 190th an
niversary of the birth of George
Washington will be held at Central
High School, February %. at 1880
am. The organizations to partici-
pate in the -celebrat ton will be the
District of Columbia Society of the
Daughters of the American Revolu-
ton, the National Societies of the
Sons of the Revolution and the Sons
of the American Revolution. Members
desiring tickets for admission to the
auditorium should apply to the secre-
tary, William Alexander Miller. Oil
Monroe street northwest
Evening star., 1922-01-29
UNITED FRUIT EARNINGS.
Annual Exhibit Shows Net Profit
of $16.97 Per Share.

NEW YORK, January 2s.-The
United Fruit Company had a net prof
1t of $l6,s75.763 in 1921. equivalent to
1857 a share on its $100,ooo.0o0 cap
ital stock. it is announced in the COM
pany's annual statement. In 1920 the
company's profits were $2s.o4s,s07.
left after paying s15.561.7so in taxes,
a sum more than four times the tax
outlay in 1921.
From the 1921 earnings the COM
pahy paid $4,000, 900 in dividends and
added SS,975,763 to a surplus account.
making its full profit and loss sur
plus, $34,956,774.
The number of the company's stock
holders was increased in 1921 by 1850.
the total on December 81 being 1854.
Evening star., 1922-01-29
BERLIN BANK STATEMENT.

BERLIN, january 28.-The state
ment Of the Imperial Bank of Ger
many. as Of January 2s. shows the
following changes: Total coin and
9oid decreased 1000 marks. treasury
notes Increased 1.297,S6s, 900 marks.
notes Of other banks increased $4,000
marks, bills discounted decreased
5,122,31S,o00 marks, advances de-
creased 6,7s1,000 marks. investments
decreased 98l, 900 marks, other Sc
curities decreased 1.276.15S, 900 marks.
notes in circulation decreased ?04.-
331, 900 marks. deposits decreased A.
247,156,o00 marks. other liabilities
decreased 371,553,000 marks. Total
gold holdings. s95, ,391.000 marks.
Evening star., 1922-01-29
WILL BE BURIED IN OHIO.
Funeral Services for J. C. Himmel-
man Held Friday Night.

Funeral services for John c. Him
melman, resident of Washington for
nearly thirty years, who died Thurs
day night at his home. 81 Adams
street northwest. after a long illness,
were held Friday night at his late
residence, under the auspices of CO.
lumbia Lodge Of the Odd Fellows. The
body will be sent to Perrysburg, Ohio,
today for interment.
Mr.. Himmelman. who was sixty
years old, was born in Toledo, Ohio.
He was employed in the government
printing office as proofreader. He
was a member of Phoenix Lodge, F.
A. A. NJ, Miami; Royal Arch Masons
of Perrysburg, Ohio; Columbia Com
Esther Chapter. 8. E. s.; Toledo Lodge.
No. SO. B. P. O. E.; Seneca Tribe OF
Red Men; Maccabees, Knights of
Pythias and Columbia Lodge of Odd
Fellows.
He is survived by his widow, two
brothers and two sisters.
Evening star., 1922-01-29
WESTERN PACIFIC MEETING

Pacific has called a special meeting of
stockholders, February 20. to approve
payment of money derived from sale
of company bonds for acquisition of
the Sacramento Northern railroad.
These properties viii be transferred
to the Sacramento railroad. all Of
whose stock will be required by the
Western Pacific. Stockholders will
also be asked to approve expenditures
necessary to build an extension from
the present lines to connection with
Vallejo. Calf, the cost OF which is
estimated to exceed $1,000,000.
Evening star., 1922-01-29
WANTS LARGER HATS.

NEW YORK, January 28-Contend-
ing that southern women are far less
keen for the small. close-fitting type
of hat than those in other parts of
the country. and that not enough at
tention is being paid to their likes
and dislikes. a southern millinery
buyer calls attention to the difficulty
with which he and other buyers from
that section are faced when they try
to purchase models for their trade.
Large hats can be bought. but the
assortment of them Is SO limited, he
complains. that it is practically i'm
possible to work out a well-balanced
stock
Evening star., 1922-01-29

Richard Roe's net income IL $4,000 his
normal tax Is computed a. follows:
Item e2.-n Richard Roe wers
single man without de-
pendents his specind exemption
or credit for normal tax would
The next $4,000 would be- subject -''O
to tax Of per cent, or to
The balance Of hi: net income: i0'
5000. would be subject to
tax Of per cent. or to a tax
OF 40
HI. total normal tax would be.
Item ss..1ii Richard Rc: were WOW
a married man. his specific ex-
emption or credit for normal
The next 81, 900 would be subject
to tag Of per cent, or to ....
The remaining $40 would be -"
subject to a tax Of per cent.
His total nor normal "a tax would be. q"
therefore Observation-Disclosures. $3.50
Item 34.-If Richard Roe were
married person the head
OF family and had three de-
pendents his specific exemp-
tion or credit for normal tax
purposes would be ........ $1,000
Plus times 500. ............... 1900
The next total would be subject |o-0
TO u tax Of per cent,
The remaining So. 500 would be 1'
subject to tax Of per cent,
or tax OF ............... 2A
His total normal tax would be,
therefore Observation-Disclosures. 1884
QUESTIONS AND ANSWERS.
Q. (3D A and B. partners, file a
partnership return for the fiscal year
ended October 80. 1891. In ascertain
ing the profits for this fiscal year, the
inventory was valued at cost or mar
ket, whichever was lower, so that 1t
aggregated to a total of $4,000. The
following month the partners turned
the merchandise over to a corpora
ton, and in so doing, calculated it at
cost. which brought the figure up to
$4,000. for which they received stock
in the corporation. The stock thus
obtained gives the partners IS per
cent of all the stock authorized and
outstanding and is shared by them
in the same proportion as was their
interests in the partnership
(a) Would the partners be liable to
return as income the additional value
Of the $4,000 that was created by the
transfer?
Ib) Could the corporation use the
$4,000 as inventory at the beginning
of the period when it files its cor
poration tax return for the year 1922?
A. Gay do not think so.
CD AS l stated to another inquirer
some few days ago, 1 do not believe
that the commissioner will permit q
vendee corporation to avail itself of
the obvious loophole to which you
draw attention.
Evening star., 1922-01-29
ANACONDA HAS DEFICIT.

NEW YORK, January 2S.-Anaconda
Copper for nine months ended Septem-
Der 30. 1921, in connection with listing
Of additional stocks. shows q deficit OF
taxes. Gross earnings for the period
amounted to $49,5s2,446. Expenses to-
tailed $51,055,41s. leaving an operating
loss Of $1,412,973
Evening star., 1922-01-29
C0TToNsEED FIRM, HIGHER.

NEW YORK, January 2S.-Cotton-
seed oil was firm and higher through
buying by refners and urgent de-
mand from shorts. prompted by the
bullish showing in crude markets and
16 points net higher. Sales, 1850
barrels. Tenders, 500 barrels. Prime
crude, $50 bid: prime summer yellow
spot, 8.s5as.25; March S.19; May 9.43;
July 9.69 all bid.
Evening star., 1922-01-29
ROLLS TO BE CLOSED.

Charter membership rolls of the
Lincoln Post Of the American Legion
will be closed at the next meeting, to
be held Wednesday, February !, at
the Racquet Club.
The speaker at the meeting will be
Col. J. A. Drain, past commander of
the District of Columbia department.
Election of officeSs to fill vacancies
will be held. and plans will be dis
cussed for a Lincoln night" to be
held February IL, at the club. New
to present their honorable discharges
from the service at the coming meet
ing.
Evening star., 1922-01-29
SEEKING BANKS MILLIONS.

BOSTON, January 2S.-The Suffolk
county grand jury today completed
defunct Cosmopolitan Trust Company.
and is expected to report its findings
early next week. The disposition of
between $4,000 900 and $4.o00.ooO of
the banks funds was said to have
been the subject Of inquiry. The bank
commissioner has already filed civil
suits for nearly $5,000,000 against
oficials Of the bank
Evening star., 1922-01-29
MILL TINE SHORTENED.

tices posted by the American Woolen
Company at Its plants in Thames
Vile and Yantic today informed
operatives that, commencing Monday,
the mills will go on forty-eight
hour basis instead Of f1fty-five week.
ly, without q reduction in wages.
Evening star., 1922-01-29

Believed to be the highest Inhabited
house in the world is a stone howell In
the Donkia pass. Tibet, which is oc-
cupied every summer by a Tibetan
outpost of four or five men. The house
stands at . height Of 18,l00 feet, Or
three and q half mileA
Evening star., 1922-01-29
NV. SHOWS BIG GAINS.

NEW YORK. January 2S.-Norfolk
and Western net operating income IN
December amounted to $2,139.000. COM
pared with $s90,000 in December, 1920.
For the year Norfolk and Western earn
ed $50, ,761 900 gross and saved $14, $40. 600
for net.
Evening star., 1922-01-29
NEW STEAMSHIP LINE.

new service between New Orleans and
Liverpool will be established by the
United States Shipping Board. begin
ming Monday. Is announced by w. 3.
keene, traffic manager Of the board.
Mr.. Keene said the service would con-
sist of regular semi-moathly sailings.
Evening star., 1922-01-29
CoTToNsEED OIL STRONG.

NEW YORK. January 28.-Cotton-
seed oil closed strong. Prime summer
yellow. S.95a9.25; primo crude. $50
bid. February, $40: March. 9.19;
April, $50: May, 9.43: June, 9.55; July,
9.69: August, 9.S1; September. 9.94,
Total sales. 1880 barrels.
Evening star., 1922-01-29
FEDERAL INCOME AND
EXCESS PROFITS TAXES
PEI J. KLEIN. O. r. A.

Conducted JOsEPH J. KLEIN q. r. A.
Copyright By
Iax should addressed
Evening star., 1922-01-29
Board Of Trade City Club Chamber Of Commerce
Work for Greater Washington

Discussion of Activities-Past, Present and
Future of the Big Civic Organizations
Merchants and Manufacturer Assn. Federation Assns
Evening star., 1922-01-29
RANGE OF MARKET AVERAGES.

rs. period
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1922-07-20
NEW CIVIL SERVICE TESTS

The intelligence test has now reached
the United States civil service commits
sion. That body has been experimenting
several years to find series of tests
which will establish more accurately the
fitness of a candidate for service.
The tests were first given to clerks
of known ability and efficiency. Their
ratings on these tests were then COM
pared with their efficiency ratings and
also with the grades made on the exam
nations they had to pass under the old
system. 1t was found, to the satisfac-
ton of the experimenters, that the new
tests more nearly conceded with the es-
tabhshed efficiency of the individuals.
showing their ability more accurately,
than the old examinations.
This seemed to indicate that the same
sort of tests, given in the first place
would determine a candidates qualifca-
lions more accurately at the start.
All of such work is new and results
are not yet universally applicable or in
fallible. Yet they show marked prog
ress and, in some cases, astonishing and
gratifying success. The time is GER
tain to come when such tests, improved
and modified, win be used widely and
wisely.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1922-07-20
THURSDAY, July 20, 1922.
GOLD FOR WAR DEBT.

Gold Is arriving from England for in
terest on the British war debt to this
country. Liners recently have brought
$10,000,000 of it, consigned to j. 2.
Morgan & Co, fiscal agents for the
British government, to hold for in
structions." Other shipments are to
follow. Britain plans to pay $125. 600
600 in October. There is more due than
that, including back interest, but it will
be a good starter.
This is one of the most encouraging
signs that hard-up Uncle Sam has seen
IN some time. Yet it need not be banked
on too heavily. There will hardly be
enough to pay an army bonus. for ex-
ample Britain is solvent, and Britain
IS willing to pay, to uphold her BUSH
ness credit and prove her sporting spirit
but Britain is not exactly enthusiastic
about paying the whole $4,000. OOO. 900
or so borrowed from the United States
and makes no secret of the fact that she
would welcome a substantial mitigation
of the amount due.
The situation is complicated by the
financial diplomacy of France. That
country is willing to forego part of her
share of the German indemnity to help
Germany out of the hole, on condition
that Great Britain forgive and forget
all or most Of her war loans to France.
And if Britain does that, there will be
pressure brought on the United States
TO do a corresponding share of debt can
collation., to make the Golden Rule cir
Gle complete. There will be a tough
problem for Uncle Sam to solve.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1922-07-20

Supreme Court Dismisses Petition to Re-
strain Hartford Officials.

MONTPELIER, July 20.-The petit
ton brought by Roland L. Stevens and
others in supreme court at the May
term to restrain the school directors of
the town of Hartford from acting as
such and to make illegal any action
they had taken since March meeting
has been dismissed with costs taxed
against the relator, according to an or
der filed with the clerk of the court.
The arguments on the petition were
made in May and the matter went to
Justice Taylor, who recently forwarded
his decision to the clerk
The affair started with the election of
Alfred Watson as a member of the
school board An effort was made to
have the board of selectmen declare that
the school directors were without au
thority to conduct the affairs of the of
flee and to show that they were disquali-
fed because they did not file their re-
port at the time the relator claimed it
should be filed by law.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1922-07-20
In the DAYS News.

One of the seasons best sellers" in
London is The Sewer of Grain, the
author of which is young miner in the
north of England. His name is Harold
Heslop and he is not yet 20. The young
author confesses that it has always been
his ambition to become a writer, and he
completed several novels before he was
u. He was not satisfied with any OF
them. however, and burned them as soon
as they were finished. He started the
novel that has won him fame in 1918
and spent every moment of his spare
time on it until April of this year. 4
felt it was as perfect as | could make
it." he says, "and decided to try my
luck When / heard that the publishers
had accepted it / could hardly believe
the news. 1t was the happiest day of
my life" The young author has worked
in the mines since he was a mere lad,
obtaining his schooling chiefly by study
ing nights.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1922-07-20
Today's Events

The republic of Colombia celebrates
today as Independence day.
The Roman Catholic archdiocese of st.
Louis is 20 years old today.
Literary England today will observe
the 25th anniversary of the death OF the
famous poetess, Jean Ingelow.
The Socialist party in the United
States comes of age today, this being the
DIST anniversary of its organization.
All cities in western Canada have been
invited to send delegates to conference
on unemployment to be opened today IN
the city of Calgary.
The first meeting to determine the
route of the Robert r. Lee national high
way west of the Mississippi river will
be held today at Lawton, Okla.
Interesting ceremonies will attend the
dedication today of the Victory bridge
across the Apalachicola river on the Old
Spanish trail, near Mariana, Fla.
This is the Tooth anniversary of the
birth of Franklin b. Hough, well-known
author and chief of the forestry division
of the u. S. department of agriculture
Delegates from the United States and
Canada will gather at Grand Rapids to-
day for the 26th annual convention o.
the American Photo-Engravers' associa-
ton.
A convention will be held at Norfolk
today to select a Republican candidate
to succeed c. Bascom Slemp. Virginia 5
only Republican representative i'll con-
gress for many years.