Perth Amboy evening news., 1923-05-12
The Great Problem of Making a
Living

Every man and wornan Is con
fronted, in this life, with the problem
of making a living.
By living is meant, not Just the
bare necessities of life, but the hun
dreds of conveniences and Injuries
which make living more pleasant
and add TO our comfort.
Today, in America at least, the
wage Garner is living on a remark
ably high plane. He has at his COM
mand conveniences of transporta-
ton, housing, and entertainment
which, less than one hundred years
ago, were denied to even the great
est kings with all their wealth.
But this is an age Of discomfort.
Many of us. with little apprecia-
ton of today's blessings, are crying
and elamoring for more.
Many of us are so intent on listen
ing TO those who declare against the
unequal distribution OF wealth, that
we are neglecting the only means
at hand to attain wealth-our work!
Many of us are dreaming of some
impracticable Utopia; and stumbling
| over wonderful opportunities at our
feet-withou seeing them!
When workingme1 get sensible
and settle down to giving a good
| days work they will then draw a
| little more of the worlds wealth to
them.
When. by thrift, they shall have
! gained the safeguard of an accumu
iation of surplus mone>.
When, through education and
business training, they shall nave
learned to invest this surplus intell-
| gently.
Today we find thousands of men
whose earnings for many years con
| sisted of nothing but wages, yet VINO
by the combined power OF extra
| effort and thrift, have become well
70 do investors, capitalists, or tbs
owners of paying businesses.
The history of business is full OF
instances where poor boys have be
come millionaires in the course OF
their business lives-by means of un-
| firing nergy Intending labor. and
u~nrelenting thrift.
These facts art proos positive that
the present day order of things Is
not wrong.
II is also proof that il such an
opportunity ever existed in even one
| case, it now exists for every man oil
| equal ability, who is willing to Work
as hard and live as thrittlly.
Inc very nSL sup Al 1bO PN
;mprovement, in either the case oil
the individual or that of n group
of men. is a careful study of con-
ditions as they are,
IF Won know that certain con
ditions actually do exist and ma on
uted as dividends were taxable a
/, income. -,
Now, however. the bureau vii
trace the funds created by tire sub
sidiary company through the !
ing corporation finally to the stock
holder who. the decision holds
need not pay tax on it.
Limitation is made, however. or
| the distribution of such earnings by
the ruling which adds to the pre-
vious regulation the following Ian
guage.
whenever n corporation has
received from another corporation
distributions out Of earnings or pro-
fits accumulated by such other cor
porations prior to March 1, 1918,
or out of increase in value of Its
property accrued prior to March /,
1918. and the receiving corporation,
after having first distributed all or
Its earnings and profits accumulated
since February %, 1913. distributes
to its stockholders the amount SO
received by it from such other cor
poration, such distributions are not
dividends within the meaning OF the
Revenue Act and are exempt from
tax"
High Treasury officials were una
HE tonight to estimate the number
of claims for refund. many OF Wnlch
have been pending for several years
thai will be made valid by the u
Ing. 1
L was said that undoubtedly
some of them would result IN fua
repayments, while the greater por'
ton of those low on file would re
/ ouire refunds to be determined 10y
| reaudits of the tax returns. =.
Among ~ Operations Wnlcn Il
is regarded as certain will pron,
through refunds under the decislor
are some of the larger railroad cor
porations which have from time Z
| time ACQUIRED subsidiary lines. II
many instances. it was said at tht
treasury these corporations nav
nermitted the subsidiary lines to re
tain their identity throughout ths
Most of the cases affected by tbs
ruling are believed to be protected
from the statute of limitations nS
| claims already presented IN somt
form or other and the Simple
amendment of the claim ALREADY
filed was said to be be all that is
necessary to make it amply to this
| toxaS collected under the previous