Decatur Daily Democrat, Volume 41, Number 43, Decatur, Adams County, 19 February 1943 — Page 4

PAGE FOUR

DECATUR DAILY DEMOCRAT fßDllsttod Every K»e«UM Except Sunday by (W DBCATUR DEMOCRAT CO Incorporated. Inured at the Decatur, Ind.. Poet Vflce an Second Class Matter H Halter Preaident i. R. Holtboas*, Bec'y A Bun Mgr Dick D Heller Vice-President Subscription Rates Single Copies I 03 One week, by carrier 16 By Mall Within 100 Mlles One Month 36c; Three Months |l. H!x months 11.76. One Year |3 00 By Mall Beyond 100 Mlles One month 61c, Three months fl 26 Six months 12.25. One year 84.00 Hubscriptions for men In service. *3 50 per year. idvertwing Rata* made Known -hi Application Nation* Representative dCHEERER 6 CO 16 Lexington Avenue New Fork U East Wacker Drive. Chicago Charter Member* j| Tke Indiana League of Homs Dallies Every time l( looks like It nimei is lo be pushed Into the aca, he coin* * back strong. O—O Most people would rather see the fluich of the Axis countries rather Gian the liuisli <f the Flu*. O—O—— Only about one more week in which to get your 11*13 license tabs for the automobile. The rush at tin- bureau get* biggti each day. Don't put it off o—o Volunteer women will aid the grocers in informing the public as to the new point system for rationing. It Isn't as complicated as it appears at first notice and we will soon all get acc unturned to it. O—O Now the legislature i* wasting a lot of lino ilim u-.iiig whether they should be allowed live dollais a day extra for expenses. Just how that will help win the war is 100 deep for the uiuitiaiy mathematician to figure out but there mm>t be some connect ion. O—O Th. school youngsters, at least many thousand of them in Indiana, like the preparations for the point rationing system, even it later they may have to limit their after-school "piece." They will get lour afternoon- off next week while the registration is in progress, O—O Aller a little more of the severe winter we will b«- able in think spnug poetry whether we express it out loud or bother others with it. The flowers and birds should Inspire each p» rsou who stops to give a thought to nature and her wonderful traus|M>*itlon*. The average < itix<-n hopes congress will soon make up it's mind a* to Ju-1 bow the people tan pay the huge tax bill for 'l2 ami meet the pay-as-you-go levy at the same time. It will probably be bad new* when it comes but we can take it. so let's have it and quickly. O—O With ail the shortage of oil the kiddies arc disappointed at tke announcement that there will be plenty of cantor oil to taka care of their ills the neat year. The bean* which have been grown in Mouth America will be planted in eight state* in this country and Uada Ham ha* arranged tor 3.000.U0V pounds of seed to assure the crop

For a co*y of Decatur Daily Democrat «• to Rhode* Soper Martot Lmb Braa. Rcstaoraat *3®“*

America must prepare for bad news as the war continues and grows in severe action. Almost every community will soon be receiving news of former young men. lost In action, missing or wounded. It's dcpresising. but necessary, for battles are neither won nor lost without casualties. —O—- - Japs are now planning Io attack the United Stales In the opinion of many experts. If they can get arc mid that Pacific fleet and have any thing left lo attack with they will be smarter even than Togo claims they are. In the meantime they may be In for some surprises themselves O—O United State* forces have lost heavily in North Africa. Both men and valuable equipment have been destroyed in the fierce lighting the past few days. while important positions have been given up That’s war and we must realise We

ire really into the greatest conflict ever waged. Secretary of War ' Stimson does not minimize the reO—O Thousands of basketball fans over Indiana and the mid west are maddened by news of the sudden death of George Keogan. S 3, for twenty years head coach for that ' sport at Notre Dame He was a successful coach and a splendid Influence with those whom he contacted and his death removes an • outstanding figure in the world of < sport*. O—O Each family In the county will be asked to donate two dollars or more to the Red Cross fund in Ad- ‘ ( ams county to help meet the 111.- , 70® quota. An organization cover- I ing each township and town is be- ' ing completed. Solicitors will also ( urge the turning in of scrap metal | and the planting of Victory Gard- • i ens. Let's keep the record clean . in old Adams. h O—O Th* city council has approved ' the plan of Ph.; Sauer*, atreet commissioner. to clean the street* and alleys and keep them that way. Under present condition* when labor is scarce, Mr. Sauer* to urging the cooperation of service club* . and business men. The city crew will do every thing they can but to | i make it a success, we must all help , ■ a little and keep it up. Os course . we cau do it and we will. -0 Both the political frieud* and toes of l’re»ident Roosevelt believe he will be a candidate for * fourth term In 1944 utiles* the war and the peace have both been concludcd. (Senator Wheeler say* he will. bolt if the thief is renominated and , probably other* who have iteen opposing consistently, will do likewise. Os course Mr. Roosevelt hasn't announced any such plans and probably won't, at least for some time. Much will no doubt depend on the war situation a year from now. O—O Procrastination is a "two-bit" word for what a man docs when be should visit bis dentist and it also describe* the prevailing poiiry of the Legislature in the nutter of getting Into production. With • maximum of 18 working days left In the 13rd session, only 62 of the 714 bills introduced have negotiated the journey through both bous- a. And the e.aembly has done an exceptionally neat job of side stepping those bills which rightly or wrongly have come to be < laased as "hot potatoe..” ■ O O Political partisans who are be- . Litt Bug the work of the oflfce of war information on the ground that its publication* are not frightening the Axl.< into surrender miss the point to th* campaign of propaganda with which our Euvernuu.nl is ■ sc-cam* to assist iia military cam* * paigu* The propaganda warfare to uut mi' Udc-d so mack to “arsre" the Axis a* It Is to breiten the I pc-opa of the «x> spied and WUtral I cuoalrlM and to build up alter I fiance to the cauae of the t utted I I Nature* Tbwa It hank, to aeaafiS-1 i I

DECATUR DAILY DEMOCRAT. DECATUR. INDIANA

"VICTORY GARDEN" IML f l I (0/ li i' Mr vIM <: JT 1 4- a : SJfL9fi Isis BfiMF

Series Explains Facts Concerning Federal Income Tax Trades snd Exchanges (Part 1) Among the form* of transaction* to which consideration must be given in preparing a federal income tax return are trade* aud exchange* of property. When a person receive* good* for service*, a* in the case of a workman taking grocerire for wage*, or a lawyer receiving securities tor professional services, a question of income tax liability arises. It also arise* when a farmer trade* farm produce for aervteas or good*. su< h as grocerpll*h through the mean* <>f printed material and other media which spread over tbc world knowledge of our war effort, the armed and industrial strength we are marshaling in behalf of democracy * cause, aud tbc meaning of the ideal* for which we fight.—Elkhart Truth.

O O-— Manpower CotiMuissioner Paul V. McNutt call* women the "unappreciated »CX." He i* apeaking. need les* to say. of industry'* reluctance to hire womeu for plant work. The British, say* McNutt, have demonstrated that womeu are capable of doing four out of five job*, some better than men. lu two year* American iudifetry ba* octupied it* use cf womanpower, from les* than half a million to about tour million. McNutt predicts that before the cud of next year the figure will reach six million. Was the small number of women working in factories evidence that they were the “unappreciated sex"? Ur did it suggest that American men appreciate their womenfolk so romh. they like, when they can, to keep them at heme?

What Will I Serve For Sunday Dinner? Make it a Real Treat by Serving m We're well supplied and caw j J giv* you my you wish. B B’ fl Slop in our m * rk<t wh,B < B W »-fl you * re up ' to * n flfl ■ W iwr ewn Mlection. We atofaß at all tiaiew to aapply your food want*. We appreciate your personal viaits and will continue to nerve you with quality foods. Make Gerber’* your food Market. 130 So. 2nd St. ♦

ies or farm equipment, or when! cattle or farms or other property is traded. It arises frequently in security transactions, particularly in reorganizationa. where one form of security is exchanged for another form of security of the same or a different corporation. All *uch transaction* may give rise tu taxable gain. In the case of exchange of one'* services or the product of one's labor tas farm produce) for goods o-- pro|>erty. the value of the goods or property received In exchange becomes ordinary income reportable in Item 1 of the return form lO4<>. Where property is exchanged for property of another kind, or for aervices. the transaction tnay give rise to a capital gain or lohs (if the property exchanged is * capital asset I. reportable lu schedule F. item H (al of tbc return form 1040; and where the properly exchanged is nul a capital asset the transaction may give rise to ordinary gain or lore reportable in schedule G aud item H (b) of the return form 1040. lu such rases, tuv liicaaurc of gain or loss is the difference between the basis of the property exchanged and the fair market value of the property received in exchange. Where, however, property is exchanged for property of a like kind, the transaction, within certaiu definite limitation*, is con*id*red a* giving rise neither to gain nor to loss, aud accordingly is uoutaxablc. The general provision regarding nuutaxabic exchange* is that the property exchanged must have been held for productive use in trade or business or for iiivcstmeut. and exchanged eolely for property of • like kind to be held cither for productive use in trade or business or for Investment. The simplest example of such an exciiauge would In- a swap ot work horses. It sometime* happen* that a taxpayer has an invo'nntary gain, a* when property is sold under condemnatoin. or i* destroyed or stolen. with the receipt of Insurance. If the proceed* of Involuntary conversion are “forthwith in good f*Hh invested In property which to similar or related in service or use

to the property converted." no gain shall be recognized, if. however, any part of the money received is not so reinvested, the gain in excess of the amount not reinvested would be taxable. The taxpayer must be able to prove that the money received was the money actually reinvreted In such other property Moreover, certain restrictions are Imposed on the kind of property in which reinvestment may be made. For Instance, an investment in Improved real estate of the proceed* from forced sale of unimproved real estate, would not be considered as an inveutment in property "similar or related in service or use." and any gain would be taxable. o— — Trade lu a Good Town - Decafu-

' I Joyce Ellenberger i is pleased to announce, effective I Tomorrow Feb. 2d j he will open the | i Gulf Super Service Station 1 Corner Monroe and Fourth Sts. ; lIR HOURS WILL BE J? I * : 8 a.m. to 6 p.m. Week Days ; 8 a.m. to 8 p.m. Saturdays 8 a.m. to 5 p.m. Sundays ) I COMPLETE GVLFLEX LIBRICATION AND CAD WASHING WITH POWER WASHER AND VACVI’M CLEANER DAILY EXCEPT SLNDAYS. : FREE Gins * Yours Truly, ' ELMO MILLER, Sta. Mgr. IA VAT TI I ninr’nPFD , RALPH REED, AssL Sta. Mgr. HiLENBERGLK k

# ♦ Household Scrapbook ! By ROBERTA LEE r — -♦ Hooking A Rug When hooking a rug. turn to the wrong side to locate the places where the burlap is not entirely filled. With the hook, draw a strip of the right color through to the tight side to act a* a flag in locating the bate spots. Then turn to the right side and

JI •Al ’'l . ■ 11 msT<»av\Vi| U; r f Il / ' 1-IRa II I lIMW* Heroes... || B /r, 13 an being made B ttl.k iV I ■ I [» The soldier* who fought A ■ K II mnßbi Washington knew nothing -J j I « ■ Ack-Ack gun* and PT !. ■ ‘ p They were neither a>- I I ■i ° r clothe - Hl JH | 11 W But they knew what th--. | ■ I were fighting for. They h.-.-i a ft-I ■ ,a ' th ,n the,r leaders The > ■ I ■ 1 BIM knew it is better to d>e fr" ■ g t than live enslaved. That | V •* CT why we fight today. But to fl i 11 br '"3 Victory—soon—let ui> g ii ,ee to •* that our men ■ I ■4 « V Iff I well fed. well equipped and ■ | H » Z ef 7 'if I well clotfted. We can by R g fl’ * JriHrL. j«fk<Mll ,&■ buying Bonds and Stamps /■ | Mi 6 regularly. lIU I l\ ’ ~ I 111 * I Bftr mwi\ I Washington's Birthday, Mon. Feb. 22 LEGAL HOLIDAY - - This Bank Will Not Be Open For B usiness. FIRST STATE BANK Established 1883 Member F.0.1.C.

The back being closely covered, the rug will be reversible. Card Table A must attractive card table cover can be made of black oilcloth stitched in some bright color. This affords a much better playing surface than covers made of materials inclined to wrinkle. lodine Stains If iodine ha* been accidentally spilled on a linen towel, cover the pot immediately with some drj

FRIDAY, FEBRUARY »,

- Zfl appear CT Vinegar Ult , CT Hot V.iU Ka . CT . moving pain- -Ji A little vim-ya A1 1: ! usable acai:; .CT • respond In-au-.f , (i /CT plication. t’regoii dor. I, , . , ~CT • in determn.!,,. !.- ;i1 ,„./'.JI r latlve seats H