davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
RY RICHARD l.. CONNER,
Assistant Secretary, Washington Board
NJ Trade


On July l, 1926, the Census Bureau
credits Washington with population
of $4,000. which exceeds that of nine
States in the Union-AriZona, Della
ware. Idaho. Nevada, New Hampshire
New Mexico. Utah, Vermont and
wyoming. Since the 1920 census, the
National Capital has gone ahead OF
the States of New Hampshire anC
Utah. This remarkable growth was
accomplished While the relationship
between the Federal Government and
the Government Of the District OF Co
lumbia was upon a more falr ana
equitable basis than has existed dur
ing recent years.
In 1922 the fixed definite proportion
ate financial contribution WAS changed
from the 60-40 basis to a lump sum
contribution of $9.000,G00 annually
from the Federal Treasury toward the
upkeep and maintenance of the Capt.
tai City. Last year, or rather the ifs
cal year ending June 80, 1925, the total
budget for the District OF Columbia
was about $35 900 900, and the $4,000
900 from the Federal Government
amounted to approximately 30 per
cent.
For the coming year. or the fiscal
year ending June 80, 1927, our entire
budget will probably amount to AZ
millions making the nine millions to
be appropriated from the L. :. Urea
sury about % per cent of the total
necessary to run the Capital City Of
the United States for the next year.
This means that the people Of the
District of Columbia bear the burden
of Is per cent of the tota! cost to run
the Federal City. 1t should be borne
in mind that the Federal Government
owns approximately 45 per cent Of the
real estate holdings in the National
Capital upon which not one cent ot
taxes is paid. No taxes are paid by
Uncle Sam upon the vast quantity of
water used in the various depart
direct contribution made IN return for
the police and fire protection afforded
Uncle Sans holdings.
Should the Federal Government pay
taxes on its holdings in the District
Of Columbia il would MANY. many
times exceed the s.. 600. 900 contributed
at the present time. This is the stu
alton which the people of the District
of Columbia oppose. They are per
feCtly willing To pay their share Of an
equita bic tax rate. hut believe said
rate should be fair and fixed proper
tionate one. Next year the ratio will be
1925 AS the city grows. so must
necessarily grow its budget. If the
50. COO 600 lump sum contribution CON
tlnues in force for a period Of five or
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
INCOME TAX RULING ANALYZED
BY NATIONAL REALTY BOARD
Provides New Regulations in Regard to
Reporting Revenue Received From
Sales on Installment Plan.

during the year will. under the provi-
sions of the law, be considered as in
stallment sales, since the test is the
amount of the payments actually re-
ceived during his taxable year.
80 trivial a circumstance as the
payment by a customer on December
81 Of an installment not due under his
contract till the following day. Janu-
airy 1. may under the present law de-
termine whether the seller may return
the sale as made on an installment
basis.
Following study OF the text Of the
new ruling the association is prepar
ing to take what further action may
be advisable to bring about the adj
justments held necessary in the act
or in the administrative regulations
to accompany IL.
"In the syndicate form of enlisting
capital for real estate development.
because of the nature of the organi-
zation, it is impossible to determine
whether or not there is any profit &C
cruing to an individual member until
such time as the original capital paid
In shall have been returned TO the
participants" the National Associa-
ton has pointed out.
Practice has varied in the various
district offices of the Internal Revenue
Bureau as to whether syndicate trusts
subdividing and selling real estate
should, therefore. be permitted to re-
turn no taxable gain until such time
as an actual gain had been received.
in other words until such time as the
invested capital should have been re-
turned, or as to whether such trusts
should be treated as partnerships or
associations.
1.-The National Association in its
memorandum to the Treasury Depart
ment asked that the principles as TO
joint adventures suggested in Article
1907 of Regulations 60, be applied spe
officially to real estate syndicate trusts
Fear Standardized Practice.
Unless this question is treated sep
arately in the forthcoming regulations
of the Treasury Department or unless
something further is done. the prac-
tees of the bureau may, however. be
expected eventually to become stand
ardized along the lines of immediate
taxation of profits earned by such syn
dicates," the joint brief presented TO
the association points out.
THE association, in resolutions
passed at it's annual convention held
in Tulsa, Okla, in June, pointed out
that the Federal income tax tax law
has not adequately provided for the
return for taxation of deferred pay
ment sales of real property when such
sales are not on an installment basis.
though such basis is a well recog-
nized and sound plan and the only one
by which ma jority of the people may
purchase homes. In a memorandum
subsequently addressed to the solicitor
of internal revenue 1t asked that the
fullest possible provision be inserted
in the expected Treasury regulations
in regard to this plan of sales.
THE effort was successful to the eX-
tent that Treasury decision 392l mas
continued TO recognized the so-called
deferred payment plan. 1t pre-
scribes that in such cases the OBJ
legations Of the purchaser received by
continued on Twenty-third Page)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25

Administrative Interpretation Of the
income tax law asked for by the Ma
tional Association of Real Estate
Boards to make requirements as to
tax returns equitably consonant with
actual business practice in certain ac-
cepted types of real estate selling, Is
included in part in a ruling or the
Treasury Department, just issued.
providing new regulations in regard
to reporting income received from
sales of personal apd real property
on the installment plan.
Complete regulations Of the Bureau
of Internal Revenue under the reve-
nue. acts Of 1929 are in the hands OF
the Government printer. but have not
yet been issued.
According to the National Assocla-
ton:
1.-THE ruling just released, known
as Treasury decision 1921. complies
substantially with the recommends
ton of the association regarding de-
ferred payment sales of real estate
not on an installment plan. but is
unsatisfactory in Its language IN the
matter Of non marketable obligations
or evidences of Indebtedness which
may be received in payment.
Further, the ruling does not touch
on the matter of tax returns by mem
bers Of syndicate trusts or other joint
investment organizations engaged IN
subdividing and selling real estate,
and by failing to make the provision
asked for by the National Association
in regard to this phase OF the tax
law, leaves a situation in which. I'M
less something further is done. the
taxable profits of such syndicates
must be computed with the syndicate
itself. rather than the beneficiary as
the profit-earning entity. The result
will be that in many cases members
Of syndicates will be taxed on their
proportionate share OF the syndicates'
profits before they have received or
can receive any part of such profits,
or even before the return OF any por-
ton Of their capital investment.
difficulties in the provisions Of the
1926 revenue act affecting real estate
sales which may involve the imme-
date accrument to the Government
Of millions of dollars in taxes are
pointed out in an analysis OF the
present ruling and of the whole in
come tax situation in respect to real
estate sales, which has just been sub
mitted to the board Of directors OF
the National Association Of Real Es-
tate Boards in a joint brief by Nathan
! William MacChesney, it's general
counsel. and by George P. Ellis and
Paul w. Pinkerton, its consulting &C.
countants.
1.-The act provides that income from
installment sales Of real estate may
be reported on the installment plan
If the initial payments do not exceed
one-fourth of the contract price. 1t
defines initial payments as the pay
ments received during the tax
able period in which the sale or other
disposition is made
Advance knowledge Uncertain.
Under the law as adopted. there
! fore, a subdivider can never know
until the close of his taxable year
| how many or which ones of his sales
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
BUILDING VOLUME IN AUGUST
: MAKES RECORD FOR THE YEAR
Month Also One of Three Showing Most
Activity In Construction Work in,
Capitals History.

August was the largest month In
building construction during the year
and one of the three largest months
in the history of building in the Ma
tional Capital.
With total of SS,972.o75 in new
construction last month. Washington
was placed fifth in building in the
country. being surpassed only by
New York City, Chicago. Detroit and
Philadelphia.
The fling of the Press Club building
project assisted in bringing the Ma
tional Capital from a standing of sew
enth in the country TO ninth.
August building reports received bT
& w Straus & Co. from asa CitiH.'
end towns show a gain of per cent
over July, but decline OF about Q pn!'
cent from August. 1925. The Au5u5t
figures bring the loss = the FIST
eight months Of the year 20 appro>i-
rnately per cent for the entire coun-
try While there was an -hu,-'l$
August loss of 90 per cent in New
York City. the list of - leading Ciu =
shows a decline of only per cent ana
a gain over July this year of about !
per cent. These figures would seem
to indicate that building activity is ut
present holding stronger in the cen
ters of population than in the smaller
places.
AZ States Included In Report.
Among the al States reporting in
August, 81 and the District o.!
Columbia showed gains and % States
reported losses from August. 1872.
The August total Of thu Al cities
and towns reporting was $371,17S,203,
compared with $4o1, lbs 1913 last All
gust and S35S, 632 40 in July this ycar.
In the Il Southern States there
was an August loss OF 80 per cent.
although OF the l. showed gains.
They included Alabama. Kentucky,
Mississippi. North Carolina, Tennessee
and Virgin a.
Among the larger cities throughout
the country which showed August
gains were Chicago, Washington, Bal
timore, Cleveland, Pittsburgh, san
City, White Plains. Seattle New
Haven, Jacksonville. Oklahoma City
and Providence.
Francisco, Albany, Milwaukee, Jersey
Twelve Leading States.
The IL leading States, based on Au-
gust reports. which led in building
activities. We're:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
Building Materials Noted.

Building Materials Noted.
Reports for Angus indicate that
the building materials market was
healthier than it has h7cn fof some
time The check to the downward
trend. which started in July, contin
ned for the most part through August.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
Freight Revenue Higher.

The total volume of revenue freight
transportation for the first 80 weeks
of 1926 exceeded by 3l2 per cent the
volume recorded for the correspond
ing period in 1925.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25

ut
designed Gilbert L. sodier These houses built in
groups
the SunIner
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25

With the exception of a slight re-
| duction in the price of cement at two
o. the Eastern mills. declines in the
price of common brick at Cleveland,
| Denver and Seattle. and increases in
the latter material at Boston. Los An
! se;es ant: Kansas City. few changes
were ronoitcd Due to local condi-
! lions. activity in the Detroit materials
market was not very great and prices
OF Il number of materials fell, notably
crushed stone, lime. common brick
and hollow tile.
The structural steel market was
Ve-v active. awards during the last
week Of August being the largest of
the yea. Tie Chicago district is re-
ported As having a boom demand"
.'';'as continued firm.
che lun.be.' marfet experienced
noticeable change for the better. and
i j.. Number O.. pine items showed adj
EA"tcs.
employment Eecosd Satisfactory.
Tho country as a whole was Oh a
fairly satisfactory employment basis
l.: Ihc building, field. Wi;h wage scales
enlairing prac. ically the same. Indi-
,.,i,i0ns are that labor over the cOun-
ny was generally tranquil, with the
possible exception Of the Pacific Coast.
Nhare san Francisco contractors
a%ned for an injunction against fur
her violence in the carpenters strike.
which has bean III force since April l.
\ number CT large projects were still
led I'D In San Francisco because Of
he e'Ioits OF the carpenters to union
;2c the trade along the coast. Late in
the month some trouble de yeiope1 in
Chicago, when two major projects
We're stopped pending conflict be
tween organized labor and non-union
man operating under the Lands
aWa".l. Holding up OF Sl5,oQ0.0O0
worth OF work is threatened, although
it is e%rertei that an amicQble settle
nCnt NAH be made.
Standing of Leading Cities.
The standing Of the 21 lending cities
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1926-01-17

Shall tell you what they are like? To begin with,
freedom of notion the theme of the spring styles So
these frocks have flying ines-typifyng our modern
youthful activty-crcuar rpples-fying panes-rppling
lines to help to create this illusion of movement High
necks in the mode they also be open many
sport frocks are included in this showing.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1926-01-17

special feature of this showing is the colorng
Rose shades very fashionable-Bois de Rose, Gin
derela, Winter Rose Lovely Rose Tans and Rose Gray
merge into clear Tans and Gray Other important shades
Tampa Golden Wheat Palmetto, Blonde, Chartreuse
Golden Pheasant Lavender Blue, Love Bird Orchid and
plenty of Naves and Blacks
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26
Charities Helped
Over rs Needy
Families THANKSGIVING

Between rs and so needy families
in Gardiner, Randolph, Farmingdale
and South Gardiner were made
happy on Thanksgiving Day through
the efforts of the Associated Charities
of Gardiner. one Of the oldest and
most valuable organizations in the
ity. Year in and year out as Thanks
giving approaches a group Of work.
ers gather. and make plans for solic-
iting of funds from the public, but
with the securing of the funds their
work is but half done. A list of needy
families must be secured, the cir
cumstance investigated, and then
the work of purchasing supplies and
packing them in suitable quantities
in baskets is started. This requires
many helpers, an dwithout the whole
hearted cooperation of citizens and
merchants who kindly loan trucks
for the transportation of the sup
plies 1t could not be carried on so
successfully. $s
The number of baskets distributed
is somewhat larger than usual this
year, the average amount being 60
The work was accomplished in the
same efficient manner which has
characterized IL in previous wears
under the direction of the following
omcers: President, A. Wills Cum
bingham: vice president. Miss Daisy
Watefhouse; secretary, Mrs. W p.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26
Family Parties
Feature Thanksgiving
Day at Gardiner

Following the custom of years. fam
lily parties were the order of the day
in Gardiner and vicinity for Thanks
giving. The especially fine fall wealth
sr has made it possible for many to
return from out of the State for the
holiday, and automobile traffic was es-
pecially heavy Thursday.
Forty special guests were served
with a bountiful Thanksgiving dinner
at the Johnson House Thursday noon.
among those present being Mrs. Benja-
min Johnson and her sister, Lucy E..
Loring. 1t Is interesting to note that
although Mrs. johnson is owner of the
hotel, this was her first visit there in
II years as she is very lame and I'M
able to get about easily.
Other than special feature picture
at the Johnson Opera House there
was no public entertainment for the
day. The Thanksgiving Eve ball at
the Shrine Club was well patronized
by Kennebec Valley dancers.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26
Exchange of Pulpits
By Ministers of
Augusta Gardiner

The following ministers will oc-
cupy the pulpits of the local church
es of Gardiner, South Gardiner and
Randolph on the occasion of the
third annual ministerial exchange,
which will be observed Sunday. Nov.
2S: Winter Street Baptist, Rev. Carl
Garland: Highland Avenue NJ. E.,
Rev. Edw. c. McAllister; South Gar
diner Congregationalist, Rev. A. +.
Leigh; Universalist, Rev. Arthur
Jones: Randolph M. F., Rev. VIII
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26
School Children
Making Many Sales
Of Christmas Seals

The school children of Gardiner,
Randolph and Farmingdale have
started a vigorous campaign for the
sale of Christmas seals, and We'd
nesday afternoon and Thursday a
large number Of stamps We're sold
The remainder of the week being
holiday time will give the young
folks fine opportunity to canvass
the city. and they should meet with
instant respon~e in their work There
is considerable rivalry between the
schools on account of the $25 prize
offered by the Gardiner Public
Health Association to the school
which shall report the largest sale of
seals in proportion to its registra-
ton of pupils above the 9Th grade.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26
City Election
Tuesday; Interest
In Results Slight

Interest in the coming city election
which will be held Tuesday, Nov. so,
is necessarily lacking as there Is no
contest for the office of mayor. In
Ward 4 interest is more keen, for here
there are two candidate, Ralph A.
Stone and Lewis Mooers, but there has
been no active campaign visible there
nor in Ward where Alderman Elmer
f. Walker will be opposed by George
Holt.
Interest in the senatorial election
which will be held Monday is more
keen, especially in view of the events
of the past several days. The Repub-
lican city committee has held several
meetings, but the other party has not
taken official action
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26
Seg'uin Takes Barge
Down River Nov. 25

The tug Seguin made a trip up
the river Thursday and returned to
sea late in the afternoon with a coal
barge. The coal merchants consider
themselves particularly fortunate in
having the river open so late this
year, and there Is every prospect of
the Seguin being able to make sew
eral more trips TO Gardiner and An
gusta before the river is frozen over
for the winter.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

liam l.. Jennings; Christ Church,
Rev. H. B. Haskell, ID. ID.
The local ministers, who will
preach out of the city, are Rev. M.
G. Folsom at the Penney Memorial
Augusta; Rev. II. A. Clark at the
Green Street M. E., Augusta. All
of the Protestant churches are in
the exchange. The various pastors
will appreciate a large turn out on
the part of their people to greet the
visiting ministers.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

The large crew of workmen on the
Gardiner Randolph bridge has been
laid off with the exception of several
who Will remain to remove the tempo
rary wooden bridge which is now in
use to accommodate traffic. No more
work will be done until spring, when
both ends Will be resurfaced and the
cement work on the Randolph abut-
ment COMPLETED.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

Smith, and treasurer. Miss Julia 7.
Clason.
The baskets contained not only
chicken. but all the "fxings" neces-
sary for a good old New England
Thanksgiving day dinner.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

The many friends of Robert Clark,
veteran mail carrier from the Gardiner
post office to the Togus train, will re-
greet to learn that he is Ill at his home
on Water street, Randolph. Mr.. Clark
has been Obliged to give up the duties
of the mail job which he performed
faithfully for many years, and his fa-
miliar figure will be missed on the
streets
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

r. P. Hazard and Abbott L. Lord
are being congratulated on their
abilities as hunters for they brought
back from their recent hunting trip
at Enfield a huge black bear estimat-
ed to weigh $50 pounds. The animal
was considered the largest to be shot
in that region for years.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

A meeting of the Republican city
committee will be held at the City
building at O'Clock tonight in the
interests of the election of Hon.
Arthur r. Gould to the United
States senate. All interested Re-
publicans are urged to attend.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

1t is expected that temporary re-
pairs along the kennebec Central
track in Randolph and Chelsea will be
completed so that the trains may be
run on schedule today. The trains
have been held up on account of wash
outs. and the job of making repairs is
a hard one.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

The various curch organizations in
the city are busy perfecting plans for
holding Christmas sales in the next
two weeks. These annual affairs are
always profitable and receive excellent
patronage. Several holiday entertain
ments as we'll as the customary
Christmas pageants are being planned
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

~ Miss Eleanor Stuber, a student
1T the Sargent School Of Physical
Training in Cambridge, Mass, is
passing the holiday weekend with
her parents, Mr.. and Mrs. B. F. Stu
Der of Washington avenue.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

An auction sale Of the household
goods of Miss Flora Howe Will be held
Saturday afternoon at the late home
on Windsor street. See the ad of A. C.
Brag, auctioneer, in this issue for fur
Their particulars
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

Miss Mary Trafton, a student at
Boston University, Is passing the
Thanksgiving recess with her par
ents, Alderman and Mrs. n. H. Traf-
ton, School street.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

The F. S. Smith and Co. store an
nounces a month-end sale of sea-
sonable goods and have the items
and prices for this event listed in
their ad in this issue.-AdY.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

The regular meeting of Gardiner
Commandery, No. 951, U. o. G. c., will
be held this evening. A large attend
ance is requested as 1t counts on the
contest. There will be an initiation.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

Mr.. and Mrs. Frank Burke of
Turner Center are holiday guests of
the formers parents, Mr.. and Mrs.
Charles J. Burke of Randolph.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

Mr. and Mrs. Guy Lancey and
daughter Ethel of Waterville were
holiday guests OF Mrs. Lanceys pa
rents. Mr.. and Mrs. George Eastman
Of Randolph.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

The turkey which-was offered as
prize for the three highest strings at
the bowling alley was won by William
Goggin of Randolph with scorez of
128.119-109; total 356.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26
GARDINER LOCAL NEWS
OFFICE: IL Main Avenue Telephone 37.W
oaes . A. n. - P. M-saturday A. n. - " u.

Mrs. David Allen and daughter EN-
ma, Mr.. and Mrs. David Allen, Jr.,
were Thanksgiving Days guests of Mr..
and Mrs. Fred Page of West street.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-26

Own f. Sherman. athletic coach at
the Lisbon Falls High school. is pass
ing the Thanksgiving recess with his
parents, Mr.. and Mrs. D. H. Sherman
Of Randolph.