Decatur Daily Democrat, Volume 18, Number 55, Decatur, Adams County, 4 March 1920 — Page 4

DAILY DEMOCRAT Publlahad Evary Evening Ixeco Sunday by THB DECATUR DEMOCRAT CO JOHN H. HELLER..Fraaldani ARTHUR R.HOLTHOUSE, — w Subscription Rataa Cash la Adranaa. One Week, by carrier.. A ....lO cents Oae Year, by carrier.... 15.00 One Month, by mail. 85 cents Three Montha, by Six Montha, by mall. *1.76 One Year, by ma 11..... 13.00 One Year, at 0ff100..j...../.«•••• *3.00 Single aoples .■........•* senta i" I— Advertising rate* made kaovn on application. ii*i Entered at the postolßce In Decanr. Indiana, as secoad-claee matter.

The one sure way to keep on top and grow with the town is to ad vettise. The trading public knows and recognizes the stores or business houses who advertise through the columns of the Daily Democrat. They are the leaders with them. The Indianapolis News has the following to say about Thomas Taggart, candidate for the democratic nomination for United States senator: “There is no doubt that Thomas Taggart will be the democratic candidate for the United States senatorship. Mr. Taggart has great political strength, and is probably the most popular msn in his party in Indiana. During his brief career as senator he showed, as The News was glad to point out. that he appreciated the responsibilities attaching to the 'i>osi,lon. Mr. Taggart is also a man of -ial soul, and one of the most sue woeful friend-makers known to Indian politics.” Have you renewed your subscription to the Daily Democrat. Our annual campaign will close April 1 and up to that time we are giving our many subscribers the advantage of renewing at the same old price—three , dollars per year by mail. After Apr 1 ! Ist the subscription price of the paper j will more than likely be advanced, as I the market price for newsprint paper continues to soar and is becoming 1 more difficult to secure. Right now. with the price quoted at ten and eleven cents per pound, it is costing pub- ' 'ishers more to furnish the plain pa.ter than they get for the subscription. Added to this is the big labor cost, press service, and the many oth- < er items of expense which an up-to-date newspaper must bear. After April Ist we will discontinue every ■ paper that is not paid up to January 1 1, 1920. We are giving you a bargain and want you to take advntage of it. Renew your subscription before April Ist at the same old price. The Thrift Magazine, edited by H. R. Daniels, of Chicago, former Decatur man. gives the following good advice on “Teaching the Children to Save:” “Dimes soon multiply into dollars and the dollars into tens and hundreds of dollars and so it behooves us all, no matter how small our income, to acquire the habit of saving a fixed amount of money each week. Individual preparedness is no less than national preparedness. There is no better way to prepare one's self than to start a “rainy-day” fund which may be needed at any time for we never know when sickness and distress shall enter our lives. We should not neglect to teach the children the meaning of thrift and to see that they practice it. Such lessons learned in childhood make a lasting impression and arc invaluable. The minds of children arc plastic—they are unprejudiced and are open to receive impressions. If you will inculcate in their minds the principles of thrift you will discover that nine times out of ten you have laid the foundation for much good and when these children grow into manhood and womanhood they will not be likely to forget the ,essonß tau ßht them iu their early years.' Ute?' ADMITTED TO BAR Wj Z The following item was taken from Dio Pacific Coast Daily and tells of / ' the success of Dr. Buxton, former pastor of the Christian ; church.,in this fife, city.; Dr. Buxton was admitted'to thr Adams county bar before he sailed sot the Hawaiian islands. “Rev Dr. Al W’* (red G. A. Buxton, minister of th< Christian church, was admitted ti practice in the United States distric court yesterday. He was admitted i the supreme court recently to practic iu all territorial courts."

’ SHOE RETAILERS WILL j STAMP OUT PROFITEERS Übiladelphia, Fa.. Mar. 4—The National Shoe Retailers' association of I the United States has offered the govI ernment a complete Vigilence Organization, nation-wide in scope, and with vigilence officers located in every state and federal district, to assist the department of justice in running down profiteers. The department of justice at Washington, through Howard Figg, special assistant to Attorney General Palmer, yesterday accepted the offer of the National Shoa association and In conference with Glenn C. Mead, Philadelphia, general counsel for the shoe men's organization, a general plan was outlined whereby the attorney general will approve apjiointments of shoe vigilance officers in the various districts. With the authority of the federal government behind it, the National Shoe association will undertake to efficiently police the shoe business and assure the public of fair dealing and protection from practices such have undermined the public confidence.

BANK STATEMENT. M. Kirsch. President. H M Gillig, Vice President. W. A. Lower, Secretary. Fanny B. Hit®, Asst Sec’y. Condensed statement of the condition of the Peoples Loan & Trust' Company at Decatur, tn the State of Indiana, at the close of it* business on February 28. 1920. Resources Loans and discounts *387,291.52 Overdrafts 596.41 Bonds and stocks 25,338.05 Company's building 19.000.00 Furniture and fixtures .. 7.260.25 Due from banks and trust companies 157.511.05 Cash on hand 11.341.18 Cash items 23,645.84 Cash—Short 35.24 Taxes and interest paid.. 1.427.77 Current expenses 1,673.22 Total Resources $635,120.53 Liabilities. Capital stock—paid In $ 50,000.00 Surplus 3.500.00 Undivided Profits—Net .... 597.26 Interest, discount and other earnings 3,549.59 Demand deposits, except banks 547.668.32 Savings deposits, except banks 9,305.36 Bills re-discounted 20,000.00 Reserved for taxes 500.00 Total Liabilities $636,120.53 Stale of Indiana, County of Adams, ss I, W. A. Lower. Secretary of the Peoples Loan & Trust Company, of Decatur. Indiana, do solemnly swear that the above statement is true. W. A. LOWER, Secretary. Subscribed and sworn to before me, this 4th day of March. 1920. DORE B. SRWIN, Notary Public. My commission expires September 4, 1921. BANK STATEMENT JOHN G. HOFFMAN. President. JEFF KLOPFENSTEIN, Vice President. | LEWIS O ADLER, Cashier. , EDNA WERLING, Ass't Cashier. ( Report of the condition ot the Farmers' State Bank, a state bank at Preble, in the State of Indiana, at the ' close of its business, on Feb. 28. 1 1920: 1 Resources. ' Loans and discounts ....$135,05099 ; Overdrafts 446.76 , U. S. Bonds 2.650.00 Other bonds and securities 6,649.00 Banking house 4,500.00 Furniture and fixtures ... 3,438.53 ’ Due from Banks and trust companies 27,012.91 Cash on hand 2,199.92 Cash items 4.668.21 -Current Expenses 530.97 Interest paid 494.62 Total Resources $187,641.91 Liabilities. Capital stock —paid in .. .$ 25,000.00 Surplus 1,000.00 Exchange, discounts and interest .' 1,525.68 Profits and loss 7.84 Demand de- j posits $ 57,686.03 Demand certificates ........ 102,361.46 160,048.39 Savings deposits 60.00 Total Liabilities $187,641.91 State of Indiana. County of Adams, ss: I. L. O. Adler, cashier of the Farmers’ State Bank of Preble, do solemnly swear ..hat the above statement is true. L. O. ADLER, Cashier. I Subscribed and sworn to before me this 4th dnv of M irch. 1920 ORIE NEWHARD. Notary Public. My commission expires September 11. 1922. Mecca Theater TONIGHT “Peck’s Bad Girl” Another of the big Goldwyn productions featuring the famous and well known screen star Mabel Normand. s The story of the town scamp ’ who became a heroine by foil- ■ ing the. city vamp, and saving the day for Yaplaiik. She was ’ a devii'in her own home town. An exciting career of a village ,v wildflower. ’ Thrills, action and some " Icontcnly that is not seen cvciv Lo day. Bring the kiddies as they 11 will enjoy ths picture as well w as Hv grown ups. Remember ce if it s a Goldwyn it’s got to be good.

DECATUR DAILY DEMOCRAT, THURSDAY, MARCH 4,1920.

i FARMER’S INCOME l- I SUBJECT TO TAX ' Gains for 1919 Must Be Figured 5 Under U. S. Law—Returns Due March 15. [ LAND SALE PROFITS TAXABLE. Naceaaary Farm Expense* May Be Deducted—Special Form for Farm Income—Cash or Accrual Basie for Computing. A farmer, shopkeeper, or tradesman must figure up his net income for 1919; , and if the farm or business income plus his other Income was sufficient to require an income tax return a complete return must be filed with the collector of internal revenue by March 15. A farmer should ascertain the gross income of his farm by computing all gains derived from the sale or exchange ot his products, whether produced on the farm or purchased and resold. Farm Expenses. From his gross Income a farmer Is ! allowed to charge off all of his necessary expenses in the conduct of the ; farm during the year. These include | costs of planting, cultivating, harvest--1 ing and marketing. In audition to these costs he may deduct money spent for ordinary Jarm tools of short life bought during the year, such as shovels, rakes, etc. Also, the cost of feed purchased for his live stock may be treated as an expense in so far as this cost represents actual outlay, but the value of his own products fed to animals is not a deductible item. Other farm expenses allowable are the cost of minor repairs ou buildings (but not the dwelling house), on fences, wagons and farm machinery: also bills paid for horseshoeing, stock powders, rock salt, services of veterinary, insurance (except on dwelling house), gasoline for operating power and sundry other expenses which were paid for in cash. As to hired help, all the productive labor is a deductible expense; but the wages of household servants, or help hired to improve the farm, as in tree planting, ditching, etc., cannot be claimed against earnings. A farmer is not allowed to claim a salary for himself or members of his family who work on the farm. Wear and Tear. Purchase of farm machinery, wairons. work animals, etc., also the cost I of construction or extension of buildings, silos, fencing, etc., should be considered additional investments in the i farm and are not proper deductions j against Income. A reasonable allowance may be . claimed for wear and tear on farm buildings (except the farmhouse). . fences, machinery, work animals, wag- ! one. tanks, windmills and other farm j equipment which is used in the con- I duct of the farm. As to autos and tractors, the cost of I these Is not an expense, although the | cost of their upkeep is an allowable | deduction, if the machines are used ex- I cluslvely for farm purposes and not I for pleasure. Also, in such cases, a de- I duction for wear and tear is allowed. I Farm Losses. > The loss of a growing crop is not a proper deduction from income, inas- I much as the value of the crop had not I been taken into gross income. The I loss of a building or of machinery I through storm, lightning, flood, etc., Is I an allowable deduction, but care should I be used to ascertain the correct loss I sustained, as restricted by income tax I regulations. I No deduction Is allowed In the '-use of loss of animals raised on the larrn, but a loss is deductible from gross income if the animals had been purchased for draft or breeding purposes. I Shrinkage In weight or value of’arm ' products hold for favorable m rket prices cannot be deducted as a los . for the reason that when su'-h pro nets are sold the shrinkage will be refl cted | in the selling price. Sale of Farms and Land. The value of agricultural land- has been jumping during the past few . years, and during 1919 many o nets j sold out part or all of their lar s st big profits. All such gains cons tuts income and must be taken Inta t* ? net ( income for the year. Any person who sold part of a 'rm or ranch, or part of a parcel of and, must also show any gains tealiz 1 by | the sale. The method of figuring gain and i losses on such transactions is prescribed in the Income Tax regula ana, , copies of which may be secured rout j Internal Revenue Collectors. Forms for Returns. t Th» Internal Revenue Bureau ijas Issued an Improved Form 1040 for the use of farmers. This forr together with Form 1040A or 1040 will j give the farmer explicit inform tlon i as to how to properly figure his net . income for 1919. t There are two methods of figur ig * ’ farrner's income tax return this ear. ‘ He may make his return on the sal* • of the difference between the n ney ’ and goods received for his pro iacts | and'the cash paid out for actual allßw--1 able farm expenses within the ear. . Or he may make Ins return on the *o- . crflal basis, which means computing ■ the re'-elp's and expenses that pe-taln 1 to the taxable year, excluding income 1 earned and expenses incurred in pre--1 vitnis or succeeding years. '

I I# ■ • //X’X ,4’V- IrW W 1 t I j®' - ■ i? •. nt It’s Time You’re PayingYour Subscription to THE DAILY DEMOCRAT OUR ANNUAL CAMPAIGN FOR RENEWALS TO THE HOME PAPER IS ABOUT OVER. PRACTICALLY EIGHTY PER CENT OF OUR BIG FAMIIA HAVE PAID UP FOR ANOTHER YEAR. WE APPRECIATE IT AND ARE HOPING THAT BY’ APRIL Ist EVERY SUBSCRIBER WILL HAVE PAID UP. WE HAVE KEPT DOWN THE SUBSCRIPTION PRICE FOR TWO YEARS AND HAVE GIVEN OUR READERS THE ADVANTAGE OF RENEWING FOR ANOTHER YEAR AT THE SAME OLD PRICE OF $3.00 PER YEAR BY MAIL. AFTER APRIL Ist THIS PRICE IS NOT GUARANTEED. IN VIEW OF THE DAILY INCREASING COST OF NEWSPRINT PAPER WE MAY BE FORCED TO GO TO $4-00 PER YEAR AND KNOW THAT IT WILL AT LEAST BE $3.50 AFTER THE ABOVE DATE. / k ' " YOU HAVE BEEN BUSY WE KNOW. THE ROADS WERE BAD AND YOU COULD NOT COME IN TO THE OFFICE AND HAD NO CHECKS AT HOME AND THEREFORE WAS UNABLE TO PAY FOR THE PAPER. We are going to give you every chance in the world to renew at the same old price of $3.00 per year by mail and will take your renewel up to APRIL Ist. at that price. Besides good business managment demands that we discontinue every paper after APRIL Ist. that is not paid up in advance. WE WANT YOU TO RENEW, WILL APPRECIATE THE PATRONAGE AND ASSURE YOU OF OUR CONTINUED EFFORTS TO GIVE YOU A REAL NEWSY, HOME LIKE PAPER FOR THE PEOPLE OF DECATUR AND ADAMS COUNTY. The Daily Democrat Your Home Paper.