Decatur Daily Democrat, Volume 23, Number 23, Decatur, Adams County, 27 January 1925 — Page 3

Ms * - — — T Mr N T >m M SfIDMAN.C H.A. ■■ ■' . — . . r vi" |,p r M Li'.v "'•■ " r ' ;,x i l ' ■‘ irn i I B Th " s “ r B" ' ,i, r,..in>al t«. --r I U'.'pu"'" l ‘'"' l " lIUS I 1 B <oviT.d ItH-r- | tains B .-rdr.li.f-n individuals who i B. m—'' '"Ij 1 ’ 8..-..'” nm ' i,ry " urM ' ; """ '■'* ll,n "' '"r ' (hl , |. IX „n mi-ount of , ,t ' Ut Im ~r i. ,i 1 1,1 v “ :,rs ' * ML... m • Kll' ' 1-..., -I ‘l' ,ax 1 M ,„.d.i.’< , I-!, h |M v |„, |„... fir-' t" ' 'ld:.in what . y' ...p .ul>a'ml loss. ( M " -'"‘S as the , M'' . from th” al” of I By hl .' J - : A ' S 1 M |: , ■ !d for more -han ; i-x<.‘.|.r '-.".k in trade. I his . than appear- , M.'ih.- law las- '■■ar I’mler the , M hv jn ’" lwo vri,r I H '-■•■' n. r-ssary that j Mp rf ,p,r!y b- 1" ’ I i" 1 ’ in ol ' ,b .’ p-ganl’d a eapi'al a.’set. . Mother wi.rd< prop.-rty h<dd fl ’ r t -m 11 as a residence. go clarified . api'ttl asset. , M,. r ~ . ' aw. however, all v.lnilor or not connected ■ , 4 ne- . nd whether or not M fcr ir fit. is ■ ..I’i'al asset if it for mor* than two years. tn' see how .apitai gain Mju;:'-! loss alTmts the tax. first ( capital sains. To begin with, it Hgpcessary to get the capital net j that is. the excess of the' M..; .'■■■• r the capital losses. I if A in '924 sold stock for S2OO.- ■ that he bought in 1915 for SIOO.- ■ bis capital gain is SIOO,OOO. If in he also sold for SIO,OOO bonds were pur. hii-. i! in 1919 at a cost ■ $20.(160. he would have a capital of SIO,OOO. jiis capital net gain therefore be the difference ■vem sioiijM.f, and SIO,OOO or $90.-j law says that capital gains Ml be taxed at a rate of 12% per ( ' irrespe. live of the amont of the 1 income. In the case supposed ■tbfor'. if in addition to the capital Mt gain of s9o.'»io the taxpayer had MUnary income of $60,000, his tax be computed as follows: As- ' wing that he were a married man, 1 th no dependents and his earned, lonte was $5,000. the normal and j rtax would first be computed on!' f ordinary income of $60,000, which ' Mid amount to $8,677.50. To this 1 Mid be added the capital gains tax 1 1!!4 on the capital net gain of S9O,- ’ 8. or $11,250. making the total tax 1 5.927.50, 1 1 The relief that is afforded by this ' erial treatment of the tax on the ' pita! gains can hr st be shown by " f fact that if there were no such . wision, the normal and surtax on , »-WO, that is $60,000 ordinary in- j w and $90,000 capital net gain, I Mid be $44,117.50, so that in the I w sl| PP°sed, the capital gains pro- I «im saves the taxpayer $24,190.50. I ,f Is very important to note, how- I er, that it is entirely optional with I ' taxpayer as to whether he wants «me under the capital gains pro- I »'°n- Naturally, if it works to his ®‘fit. he should take advantage of • a »d if it does not work to his wfit. he should not elect to be taxunder it. The way to determine 1 et the captial gains provision advantageous or not is to first w k the tax out in the ordinary way, 1 tnere were no special treatment r capital gains, and then see how it •pares with the tax computed afwsidering the capital gains pro- I a'x ti Vi t ° US that the capital sains hop. ” where «Pital gain would not be taxed at «ed ii' d n ' f the tax were com ’ o»e ‘ 6 reKUlar wa y- us sup- I an il eXample ’ that ,he 'axPayer I 50on °° f ss ' ooo from “»“>-les |r(ij from rentau making a Wfrn 6 ° f ,1(> - 000 an<l *lO,- I dd for” Pr ° fit ° n the Sale Os stocks I "»cr w ”° re than two or in ilccted t ’ a CaPita ' Kain - I( he I U provision e h- Un<ser Capltal ,0|1 OW3- one th 11S tax w0,,1d he as | »,ne he SlO - 00 " ordinary In- ■ ** •’«« .’.X” “’"‘"I ?V W if v. a ’ *1’457.50. How- | to tha^T 4 hiS tBX WlthoU ‘ 'hat is, asi M Cap al gain Provision, j >20.000' his US Ortllnary ’ucome were 1 i0 ' so that h? " °? ri h* ° nly sl ’ ol7 -- ! 10 t electi, K t W ° “ MVe $44000 by [a| Ps la/?. Pay un ” er ,he ca P‘“l utx provision. • c of sh c ln<l variatinn many posf,lb "ities I tlOns ’ an absolute rule can- J

mH Ih> laid flown giving the point whore It is'no longer ndvanUigoous to come updor the capital gains section. or vice versa. This much, how ( ever can be said with exaetno u. | whore .the income Including capital gains is less than 129,000, it Is best mu to report on a capital gains basis, and where the total income ex ceds $23.4*00, Il is host to report on a capital gains basis. , Another pltano of the capital gains tax in reflected in a case where the taxpayer in confronted with a situa tion some w hat as follows: Not profit stocks (capita! net gain) $75,000; salary. $25.000e-bad debts, interest on taxes, etc., $35,000. In other words not considering the capital gain, there Is a gross income of $25,000 and deductions of $35,000. or an excess of deduction,s of SIO,OOO. For the purpose of computing the capital gain tax, this excess of SIO,OOO can be deducted from the SIOO,OOO of capital gains, so that the captial gains tax would be computed on $90,000 and therefore amount to $11,250. It is interesting to note that in such a situation the taxpayer would not get the Iwnefit of his exemption because the exemption is a credit al lowed solely for the purpose of computing the normal tax and obviously in the case given there is no norma) tax but nnly a capital gains tax. and the exemptions play no part at al! in the computation of the capital gains tax. | So much for capital not-gains. In .the next article the effect of capital net losses will be discussed. I The writer wishes at this time to make note of the fact that a numttm of readers' questions have been advisedly accumulated. It is planned that the answers will be published in conjunction with ‘ subsquent articles. It has been though/ best for ■the tibe being however, to coniine the Articles t<i a further explanation of |the law. in the thought that readers might first be acquainted with more [of the tax principles to giude them in 'their questions. I ' ° PAGES OF DAILY THOUGHTS From An Old Adams County Boy Now Residing In New York City The morning comes in fair and the day is ideal for the eclipse of the I sun. New York City being on the direct line of totality much interest is now being manifested by her people. Parks and prominences are thronged with the spectators. Every one has glasses. Not that all have defective vision but for fear of such, each has a smoked or colored glass, through which to gaze at the solar, eclipse, which is now nearing totality [ Only a small crescnt thread-like: band of the sun is visible on the left j of the moon’s disk, and it now break’| up in beads (Baily’s) and darkness completely covers us. While the sun ! is in his hiding, there glows a ring; of molten silver around the black body of the moon, which ring radi- i ate the corona, an immense halo. Each second this halo becomes more Intense, with prominent projections j

II I 1 I 3 I . Why Lose $4 ' Suppose you gradually save up one hundred dollars. If you spend that one hundred, inI stead of using it to open a Bank Account, you stand to lose $4.00 a year as long as you live —the $4.00 which it would earn for you if deposited in our Savings Department. Think that over; isn’t it true? Then why not take just one dollar and use it to— OPEN A SAVINGS ACCOUNT HERE TODAY | Old Adams County Bank 3 | Established Fifty Years Ago

DECATUR DUL? DEMOCRAT. TUESDAY J V ILA RY 27. 1925.

hko huge stars bursting out allj mound the.disk of th? moon, forming, perfect climax to t lie whole of the great scientific phenomenon The sky was intern -ly blue wbll • totality lasted find tars were seen. Al the liottoui of ibe moon's tl'ere glowed with immense brlllamy a rosn colored projection, pleasing and visible to the naked eye Roby brilliants then burned with dazzling, eif.iigi n< e in tire diver setting of the corona and saon the Bally beads were sef ii on iiie right as the sun emerged from his hiding with such glorious and triumphant sunlight that , the corona immediately hid himself or disappeared to view as if afraid or ashamed to be seenThe totality was but for a moment, yet it was one of a lifetime and one immensely and enthusiastically enjoyed by us ull. In that short, time our fen of science accomplished much in the way of needful information of l.< nofit to all mankind, such as: The nature of the corona; The Einstein ibooty; and the effects of tile eclipse, (a) on the magnetism of the earth, th) on the electricity of the atmosfilme. and (< ) on radio receptivity. In due modesty and thankfulness to Our Maker, may I make mention of a personal event, for I feel that in justice to all 1 should. When a child, in old Adams county, Indiana, I may have “thought as a child, spoke ns a child” and I know 1 prayed "as a child." for I was taught, to pray. On the. eve of August 7. 1869. as a child I prayed that Gori would make the day fair and bright so we could see the , eclipse. I do not. know if I have “put away childish things" of which Paul sfioke or not. for last night. '55% [ years after that childish prayer, I found myself (now a matt in years)

praying that same prayer and it . astonished me. Suffice to say. that , both prayers were granted as both f buys were very "bright and fair.”— , Copyright 1925. by Leonard W. A. , Lt.<-key. N. Y. City. t o —— Wilson’s Coolness Was Born Os Bashfulness Much of what Woodrow Wilson’s enemies called his coldness toward |f'iends and political associates really | was shrinking caused by bashfulness [and self-consciousness. This is the novel light thrown on the character i |of America's masterful War Presi- | dent by Mrs. Mary Allen Hulbert, for- , I mprly Mrs. Peck, whose reminisJcences for her years of friendship ( t with Woodrow WHson appear in this 'week's issue of Liberty. "For example, ther was has social I Jconseiou-nas. which might easil" b" ' r set down as snobbishness,” she says. | ."1 contend that it. was rather self-1 I consciousness a shrinking from new ‘ . personal contacts. .1 "For example, on my first visit to | (the white House we went motoring ' ,(through Wahington. In the car wore t Ithe President, Mrs. Wilson. Miss' Helen Bones (the President's cousin). ■and myself. -We came upon a sight- ■ seeing Ims. and we had to stop. "The man with the megaphone shouted to the crowd in the bus; “If you will look quickly to your , left you will see the President of the . United States." - I "They looked and applauded. Wood-

row Wili on g»ve no sign of havin’ heard. He crowded himself deeper into ihp seat. His face became grim, almost forbidding. He made no tno lion to raise pls hat. '■ why dua l you i.-i e youd hat? Why didn't you rnoopnizo them?" "I am not' sure which us women -aid that first. I know that I was indignant. "But the bus weiu on, and just as It did be touched Ids but brim "Oh," In' said, wearily."! suppose I Rlumld have done ■lomelhing. But they don't care for me, Wha( do they (are for me?" — Gilliom Issues Opinion On Inter-State Trucking (VNITEIi PRESS SERVICE) Indianapolis, .lan. 27. — (Special to Daily Democrat)—Attorney General Gilliom today transmitted an opinion .to Gov. Jackson nnd Secretary of State Schortemkr holding that IndiJana buses which operate as regular common carriers are subject, to the jurlsdieilon of the Ohio public serv . ice commission. i These busses must pay the license i f< e required by the state of Ohio aci cording to Gilliom. He ruled, however, that busses do ■ ing an, occasional hauling or operat i ing on private contracts are not sub i j", t to the Ohio law. i' "The state will use all power al ! iis command to protect 'busses oper ating on private contracts or doinf ■ occasional hauling.” Schortemeiei I said after a conference with the gov

■ Dr. BELL’S M PIBE-W HONEY TOR COUGHS FOR quick, sure cough relief there is nothing like the pine-tar and honey, which onr parents and grandparents relied on. But ba sure you get the genuine Dr. Bell’s Pine-Tar Honey, the original ff compound which has been used in thousands of families for years. It has had many imitators, r-ar/Z** 7 * , - but still remains the best. Often steps a bad 4 Vj Iftt. c °ugb in 24 hours. Perfectly safe for children as well as grown-ups. Insist on Dr. Bell’s and no other. Only 30c at any good druggist’s. Delinquent Tax List Tho fallowing Is a list of lands, c ity and town lot? ? ’'i '■ ’ tl' U i ; i t for the non-payment of taxes for the year and previous yc.ns in Adams * < >unt y\_ I pt|in "t ° 53 — 2 2. c ■IAMi: PEsrniPTioN 2'25 ~ 3 ' 1 ' 5 S 1 C.\'li IN TOWNSHIP ):leek<-, Ferdin and, e-2 nw !2OI8(i. i SI'IO.OOI '1 9:;.?4 Munini.i. i'has. S.. pt n-2 nw I 5ir.7,."0- 47r,0.(ni.1 ‘>oo. (a* I uCii.o"’ ll'-’, hl ' Woi.tcn, t'lnirtnito pt nw , :’.2 , l''. .‘K2o.f>n|l(l(lO.O(l| 7.1.0- 41.1.’ 1,. Mi r T>>W.\SHIP Funner, Willis, pt. n-2 sw 116177.11" 55X0.001 lilfl.oo! I . , . pt s-2 nw . ...* '10'57.40 3150.01'1 1 (U>.o-'';l iliO.ao' '22.’"7,', Martin. < lias. ,<• < n-m.-i. w-2 nw 25,5 c. | aiou.na, sru.iw an 11 13. I . KIRKLAN'ti TOWNSHIP Pierce, Reuben E.. I I ' . I f ! ‘ -- J , Lots 9-10-15-16-10 I I I 200.00 I I ' l ' ■’ieiee. Geo. R. & Reuben I I I ' 1-ots 17-18..1 I I 80. 001 1 I.l>l I'".’ Tiinin, William, n-2 sw 36180. I 7130.Q0|1620.0<'' -177.7n-' ■ ' ST. IIAKVS TOW XSIII P !-,isinger. Martha, se so . J 0]1". i :i.i 'I: < • i:I:i : - Ist, 11■ Gerber. David, pt svz .... •! 4’52.7:1 , sft ' nit-o nlielser, Ray E.. l"t •’ Salem! I 50.0" 180.00 <-• I Van ordseli, iHnry Ralph | 72000 | 4 - o . ooi j , ?2 .,5 1 2..9.12 FRENCH 'rOWNSHiP 1- Timntl-v r---’ nw 133179.62! (1080.0011400.001 ’ ' l our/., timothy. < - nw , j., S()J)O j '1X0.20 224.72 Fix' -r Frank k Alhe.pt k-2 sw 1 2— “ HARTFORD TOWNSHIP I'iel er Hazel G dvv SW '.‘'Gl-10. 2780.00 1260.00 i .)8 .> A; 11 - V kher Wm S sw SW 36HH 2780.0iJ 2470.001 07hn'wui, WABASH TOWNSHIP Ford. Geo. W.. wfr «•> -15'12. 390.00 ( , i L9i 1.73 Sl.nuns, Chas. H.. w-2 se ■■ - | l<Hto(K<) o| 960.00] .HO.OOI 1'.C.6,4 ( 260.9 S — Ti-'TWitsoN TOWnsi iTF ————— Kinney. Michael. Pl 1..t 3-I -5-!... 'OS4O.OU, • ■ - ■■h'.'iaers? AbMirnm?' sw” 2 ..'.Vi 9H'fo. I nlmooil'i'l'ui'FHim.'ioj 1 42_i'.’Ii2:i7>'1 MOXIHii: CORPORATION ~ x Thnc lof it; so.ool 720.00; 370.00, 1a.0.i 1 ~-X Kesslo.'. Sarah* c, Lot - “J _ I 48,12 z t —,-, |. p,, |\ j ( Teeter. Calvin. Lot 33.. .. ... .. ‘ ! I 1000.001 9M.nO L ’ I fib. t. 41_ . GENEVA CORPORATION „ .. Cook. Socrates. Lots 131-122 200.00| 300.001 I ’ 15.60, ■ Cramer. H. F. & Mary Schneider ' I ; ftn ; Layman. John & • I.SGI l.m; Phillips, James J.. Lot 61 I ' 60.00 200.00; j IL.>.. ' swank. Jerry & Votaw. Dorris Chas.. ' la.t 69. I ] o' l '"' “ 90.0011 'j 1 "i! Charleston. BIU !>.. Lot 6 65.00 j 2.19 j5acXTUiT CORPORATION Rowers, John S., & Mary E.. pt e--’ Lot ’73 ' 5840.0011 5400.| I 1732.7x1372.66 rm her Wsltrr F nt 331 ! 700.00|1 UXO.OOI .’.70,C0! 1| m 1.86 a'1.22 clrkpr Yl’ivi l nt’ Lot 731 ! 1000.0012200.00 31H' A(»| 110.37 0.i.5l ' I Goo.oo! loxo.mh 1 02.03, JL.H Schlrmeyer. F. M.. trustee, lot. 21 , 80.00 J O- -■■ ■ Sp.-ong.-r, Eli. i'll/- 2nd, Lot «.~4 I I HL®®!—l L 1 ... a '. ,K J in addition .move .ax »!.»<• e<>M». I be added ior eael. .leseriff<i, “ , WHh"e ; “h“n’<-eipt issued there will be an additional cost . barge of fifty cents to she treasurer. the City of De.-atur, this 9th day of January, 1K2... MARTIN JABERG, Auditor Adams county. Indiana. Stn, N(?U<'e n 'is a h^eh? , gi t ven !r’>f the foregoing lands, city ~nd 'Wi • t • as mav be necessary to dim haic.’ the viv-s. pemillv. >nie>corns which nav be due thereon or due from lhe own. i / Hvreot on the ”, sale win be sold at public auction by the Treasurer .of Adam- c0.u.1”, ~t I ” east door of the Court House, in the C’.t» nt in-catuij. m , f ‘ state on the second Monday ’n month, commencing at 10 o’elocl a . of sa.d day ..ml that said ■ I a ,11 r '”’‘cive/ l un l der l nn O hnn y d U at t 't!?'’ 't mlltor's Office in De. atur. Indiana, this 9th dnv of January, 1925. MARTIN .TABERG. Auditor Adams county, Indiana

ernor. Agricultural Southwest Opposes Child Labor Hill ■ ■ "■— ' I (UNITED PIII'P-.-’. Fl.I Vl'’b?) I Kansas f'Hy. J.in. 1’7 —(Special to] Dally Democrat)—- The agriculHiral i southwcii is ur.ilnai the proposed < ■ chlhl labor amendment to the federnli i onstitiuioii largely becuuuo sm h an , amendment would Interfere, it is be , li.-ved, with tin- southwi I'n leading ■ I irxlii; try agriculture. i The sentiment among the repreuen , hitiver, of ti e voters is that the fed oral government should "mind its own business” in affairs concerning v/hom she citizens of the various sovereign states shall employ in the » fields or factories, u survey of th.* iltuatlou shows. Arkansas is the only one of tin I southwestern state,; that has ratified f| the proposal and already f there ar** reports current that a move . would bo made at the present sesr sion of the legislature to repeal the ratification done at a special session last June. I 9 __ e Seat Sale Opens For Annual 500-Mile Race )- Indianapolis, Jan. 27. —The first real t- sign of spring appeared on the Inis- .liana horizon January 26 — and it wasn't to be a robin defying the coldit est winter the Hoosier state htts exr- perienced in many and many a year, ig It was the opening of the seat sale »r for the International 500-mile auto-v-i mobile race held here over the his-

toric tndlannpollu Motor Speedway I each May $0 ] it Is always the falling shadow of the coming event which attract,; the I irgest crowd seen together any place I in America each year Already thousands of dollars worth j of tickets have been reserved and the; checks and money orders held tiniil' January 26 when the sales gules are opened. It was announced that the orders for seats will be tilled in tl.e order in j which they have been received —o—- — - .Mrs J. S. Meyers, of Washington I township, was a shoppei here this] afternoon.

To Day is the Time It is easy enough to wait until tomorrow or the day after, hut the time is just as important as money to you, and accounts started today with this Bank will make the setting aside of money tomorrow much easier. Are you looking ahead? Your business will he appreciated. START A ( HECKING ACCOUNT j WITH THIS BANK t I The Peoples Loan & Trost Co. I I “Bank of Service” I # PAY CASH AND BUY FORMLESS S? Phones 3,1 and 5 Free City Delivery SUGA R““ T 11..^ 1 .. 65c 25 lb. bag Fine Granulated Sugar for Campbell’s Tomato Soup, 00 KiT bellow Daver Q J IMILj IV or Bordens -Milk Small Cans 5c ONIONS 24c 5 lbs. for 18c A Michigan Hand Picked ApplCS Baldwins, 4 ths Z’JC 10 lbs. for 58c- Bushel Basket $1.98 PORK & 3 Large Cans Van Camps 25 C BEANS Pork and Beans in tomato sauce Dozen Cans f0r....98c Macaroni STARCH 5 lbs. for 39c f o 1 HF iesij: . -... -Jr i-

Quality Coal. Phone IM. Emerson Bennett 2731 f ,r»< fmufi i i 1 limwr■■■ 1 THROUGH AGES Centuries ago sturdy Norsemen realised the benefits of health-building cod-liver oil. Scott’s Emulsion brings to you the same vitalnourishment that enabled these mighty men of old—exemplify strength.