The Washington times., 1934-02-05

The Govern
nnent, as every '''':"
one should Dunbar Hare
know by now, is trying to collect
every penny it can from income
tax susceptibles, and hence the
edict, which is based on the
revenue act Of 1882, and which
Just now is being put into effect.
Thousands of Form HOO, one
OF those printed slips put out
by, the Treasury Department,
were circulated last week among
the brokers, the bankers and the
like.
Auditors Kept Busy
AS a result the bookkeepers,
accountants, and auditors of these
concerns are on the alert, work
ing overtime, more or less.
The banks are rung in if they
handle orders for depositors or
custodian accounts.
Institutions and organizations
Nhich supply the revenue col
lector with information are re-
Quired to tell him the name and
address Of the customer, title Of
the account, total of purchases
and sales, names and addresses of
@uarantor or guarantorS of the
account, and names and addresses
Of others empowered to make
Withdrawals of cash, securities,
or commodities, from such &C
counts.
While ordinary income tax re-
turns for individuals must be
made by March Is, the Govern
unent insists that the informa.
ton sought from the financial
boys be filed here not later than
February Is.
Anon Carter, famed Fort
Worth publisher and widely
known Texas financier, is in
Washington, interested as usual
In bigger and better post offices
for the State of Texas.
Perry Heath, now with Hari.
man & Co. and formerly with
the Treasury Department division
that dished out the post offices,
says the reason Texas has so
many new stamp structures is
because it and the State Of Cal.
norp1a grew more after the
World War than any other Of the
commonwealthS.
Coincidentally, Mr.. Heath is
sold on Texas futureS-that is,
the States. He says that if he
were a younger man he would go
out and grow up with it. He's a
modern disciple of the "Go west
young man" theory.
Chris j. Gockeler of Hamilton
National is still trying to find a
fourth bridge player for the tour
nament team which the Wash
ington Stock Exchange-he's
president Of it's planning to
put out.
Indications are that w. w.
Spaid of Hibbs & Co. will be
elected.
The brokerage boys are laugh
ing over Will Rogers crack made
recently at the Senate restaurant,
Asked what he was going to in
vest in-that was right after the
. new monetary policy was launched
Rogers, the cowboy humorist,
:. = reported as having said:
"TaxeS."
= The report put out by the Fed
> eral Deposit Insurance Corpora
ton is most encouraging, showing
that 36.1 per cent of all deposits
= in all banks in the country are
: insured.
. For the District of Columbia,
p. =. G. Bennett. the corporations
: director, reports that 403,067 &C.
; counts totaling $96,812.713 are
- insured. This is an average of
& 45.5 per cent, as based on July
: deposits, way above the mean
average for the 48 States.
Maryland's percentage is only
!. 44.9 per cent, although 1861, All
accounts are insured with deposits
! totaling $269, 9,074,925.
- Virginia is slightly higher, the
percentage there being 52.9. This
Is based on 1,088,245 insured &C.
counts with total deposits of 1884,
. O74,012.
The District has 81 members Of
the temporary insurance fund,
while Maryland has 178 and Vir-
ginia 313.
Harry Brisker, one of Washing
tons better known customers
men, was absent from his post at
Hartman & Company over the
weekend due to siege of grippe.
He is expected to return within
q day or two.
Karl W. Corby, big shot at
HibbS & Company, is being be-
sieged by chiselers who want to
attend the party he's giving the
: Ticker Club members Thursday
:. night at the Burning Tree Coun.
try Club. Mr.: Corby'S reputation
as q host is well known and many
nonclub members are trying tc
get an invite. incidentally
RSvP's Of acceptance are going
In to Mr.. Corby daily with indica
:. tions that everyone invited will
ha ToraSent