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Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, July 08, 1909, 3:30 EDITION, Image 6

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn82016413/1909-07-08/ed-1/seq-6/

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i:vi:nino nm.urriN. iionoi.umi, t. 11.. tmuhsday, .itiiiV s, 1909.
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uMPOHA'I'ION TAX
PLANNED BY TAFT
EXEMPTION OF $5 CCO IS ALLOW
ED IN INTEREST OF SMALL
CORPORATIONS.
GENERAL OUTLINE OF
BILL SOON TO BE LAW.
How Returns Arc to Be Made
clmlcs. Corporations in Terri
tories Examination
of Books.
In
. i , ii, -
Washington June -j resident
Tails iniiili bora dod coipotallon tax
phn was reveateil to tho senate today
by Senator Aldileli. and was mdoud
I tinted as a eomnilltei- amendment to
the tntlff bill. It Schedules are COIll-
phled bj Monday the nuiindnieut will
be taken up.
As drafted b Atloine Oi Herat
Wlckeishnni and Sotulor Hoot, the
measure Is lioltovoel lo be amendment
pionf mid an effort will be made to
put It Ihrouch um hanged will be
ileslKned ns "The Tuft Plan "
The plan Imposes a lax of 2 per rout
on the not cat nines or ovoi.v onrporu
tlnn. Joint stock i nnpinv or associa
tion orRinlrcd for piollt and IiiivIiik
it oapltnl sloek teprosenled by shales,
and every Insurance c-nnipitij orKan
loil mule r the liv.s of the United
Stales or or am slate, teirllory or
district, oi orKinUed under the laws
or any fineimi conuti.v and ensued in
iiusiuoss wiiuiii ine uniirii Mates.
for .."m. in I. ..r . o....l. n,Ki ,,f
...nn.... . .. t..t, p,i.ii. . .,r ,,,... iv
I J .,. i.. . . " ' ... .. ' . .L
I-...... I... I.. . ..I..... i .,
.1..1.1. .....i il. -..,.. ii.,...,.... ..ii,..,-
, .- ... ..
" T. '". "' '" """""' I1'"' '" r"H
ni-uaii) liiK.-n irinii e'lniiim iiriouins
Kvor toipiirntlon Is ulso given an e-
einplliin of S5 0'iii or oainlngs lipforn
the lax shnll applv All lii.ichluor.v
rolatliig f the collection lomlsslon
ami ivlini'l of Inti'rii'il lovonue taxes
Is made applicable lo tin
corporation
lax, and tin- lesponsllilllty foi cnfcuc-
Ing the law tests with the- commission
or of hitoin.il loveniip
Penalties For Fraud.
While tho corporations me required
In supply intimate Information relat
ing to llii'ti business, provision is made
lo saiigitanl llioin against wrongful
use or eluln obtained for tho purpose
of assessing Ihe lux. Penalties are
provided In cases of false or Irani-
uloiit luturns
The provisions di'flnltu the conceins
fiijiu which Hie lav will be cnl'cctcd
follow:
That ovci) corporation. Joint stock
company or association oiganlzod for
profit and having a caplnl suck repie
senteil by shares, nnd eviT) Insurance
compaii). now or heieaftor orgmlzed
under Ihe laws of the United SI lies.
or of an) itate or terilfiry of the Unit
ed States en under 111 o ucis of congress
applicable, to Alaska or Ihe District of
Columbia or organized under Ihe laws
or mi) foreign countr) and engaged In
business In any state or tcrrllorv of
the Unltol Stales or In Alaska or In
thu District or C'olumbli shall be sub
ject lo pav nnuuallv a special oxebe
Lix with respect to the earning on or
ss yswa vsiwxwi ismwww
mm
lining IiiimIih'ph Ii.v Mich cnrpotallon,
Julut Block cninp,iii.v, oFsorlnllun ir In
Mir.inco coiiiMti5', equivalent In 2 per
centum on the entire not Income over
mid nb.ive $5,000 received liy It front (
nn Kinircm nnriiiK mien ear, oxcinnvi' ,
of ninnimtft icre-lvul b It im illvliloml
on stock of oilier coronitloim. Joint
Mock cninpinleH or iiHwtclntlonn or In
nirnnce comp.uiloH xnlijcct to tlie tax
heicb linponc'd or If oinnnlrcd under i
laws of .in) foreign conntr.v on tho
amount of net Income over nod nliovo
$5 001 tocolved t It from business
transacted and rapltal invested within
the I'nlled Stales and Its tenllorles,
Aliulu and tho Dlrlrlet of Columbln,
dmlnK such venr. exclusive of amounts
so receive I b It rs d li!ends on slock
of other nupointlon. Joint stock com-'on
pink's or associations or lustitnnce
companies, subject to the tax. heieb)
lnioul.
s"t-'1 1IL'' I'lroiuf shall bo ascertain land Its trensuior or associate ttcas-
(M, (), .idium,,,, f,om u,c, KHK ninonnl uier, rowrliiK the clinracler of Its or-
()f (I(1 llem,, f M1(., riirll(,rn(on, ,gItnl7.itliiii and Ihe amount of business
j(m K(()c,( c()lnl,in) r ,1KM,cuion or I trausaclod iliirliw tho .venr to the col-
nHUr,,nci. ,.,)mimnj from all sources. , lector of Internal revenues for Ihe
Loe Provded Fcr, i district In which Ihe corporation Is or-
... I1MU npi,lni.. a,i.nlt..l iiltl.liillr.ilili.il i.r III llu. cm., of foretell rnr.
. . r,iiiiiioim.itp.l Iiv In.
smatice or otherwise. Including a rea
sonable nllowunre for dt'pi eolation of
ptupoit) If an, and In the case of In
siiiauce companies the sums requiied
bj law jo be can led to premium re
serve fund.
Intel est actually paid wllhln Ihe
ear on Its bonded or other Indebted
ness not cvreodlliK the pahltip capital
slock of such eorpoiallon. Joint stock
computi) or association or Insurance
company, outstanding at the close of
the j ear.
All sums paid by II within the vc.ir
Tor taxes Imposed under the nulhotlty
or Ihe United Slates or uny tcnlton
nu,r, ,,r
It dining
" nimiiiiiin niriuil iij
'lie enr ns dividends on htnok of ollHrl"r e.nnliiKH In the maintenance and I
eriHir.loiin. Joint stock rompiiiloH or 0erallon or the business nud prop,
"ssorlallons or Insurance (omp.nles !' ' " " ease or foielgn com-
ss..i-i.nioii or nisiiniiHe i omp
subject to Ihe lax hoiobv liniinsed
,
- --- - ..- -. .. -"-
loiallou. joint slock conipmy or aso-
l'lon or Insurance cuiiip.ni). org-in-
'""'I """'e' "'0 ' ' u foreign conn-
'" "lt-h nel Inoonie shall bo asoei
mlnoil Ii) doiliiclliig fiom tho gloss
amount of Its Income fiom business
transacted ami eapit II Invested villi
III Ihe United Slates and till) of lis lor
litoiioM, Alaska mid thu Dlstilet or
f-. ! ,lil
All the on toil) and necessary ox-
... ... ,.u nr.1 l. .11. ..tl.l t III. It. .'... .... m
'" ' ' "" """ "' j--'"
(III .T .1 ...l.tl-u It, II. n .itlttliilli. tin,,
" " """
and o) oration of Its business and prop -
ert) wllhln the United States nnd lis
territories, Aliska and the District nl
Columbia,
All Iiixich actually sustained wllhln
111.- .vear In business conduclcd by It,
wllhln the United States, not com pen
sited b) Insurance or otherwise. In-
eluding a rcnsonnhlo allowance for du-
prcclation of pioperty, ami In Ihe case
of Insurance compinles Ihe sums re-
quired bv law to be carried to premium
ieerve funds.
Inleiest actually paid wllhln tho
.vear on Us bonded or other Indebted-
Hess to an amount of such bonded and
other Indebtedness not exceeding the
pioportlou or lis paid up capital stock
uiislandlng ul tho close of tho ear,
which the gross nmounts of Its Income
tor tin )cnr troiii business transacted
and capital Invested wllhln the United
Stlos and an) or Us territories. Alas-
ka and the District or Columbia, bears
m i ,
Jl
Budweiser
The Host Popular Beer in the World
It commands the highest price, yet leads
all other bottled beers in sales, which proves
that its superiority is recognized in all parts
of the world. UNQUESTIONABLY
THE KING OF ALL BOTTLED BEERS
Bottled Only at the
ANHEUSER-BUSCH BREWERY
St. Louis, U. S. A.
H. IIACKFELD & CO., Ltd., Distributors, HONOLULU
In the kiiim tinioiint of IIh Income do-
tlU'il from atl poiiicoh within nml with-
out the United Stnton. I
Other Dividends Exempt.
Tin- minis paid bj It within the year
lor tnes Imposed under the authority
of the I'nlleil Slates, oi of any slate
or teirltoi.v (hereof All nmoiints re-
celHMl h It within the car as dlv-
Idcnds upon stock of other corpora-
lions, Joint stock companies or nssocln-
lions and Insurance companies, subject
lo tho tax liercli Imposed. It Is pio'upon this Information the commission
hkd Unit there shall he deducted 'or rimy demand any return or make
fiom the amount of the net income a return where none has been made,
of each eoiporallou, subject to the Iteturns me to he retained by the
tax. Ihe sum of $5,00u, the tax boitiK commissioner, who will assess the tnx.
computed upon the remainder, livery. In the event of nny return helm? mailn
iiincerii subject to the tnx Is required,! Willi fnlso or fraudulent Intent, the
or bofoie March 1 of each cat,t to
make u true and iiceiiialo return, nn-
dor oath or afllrnutlon of Its president,
vice president or other principal officer
iioi.illons. Kloe-k roinii.inios or Insur-
mice companies in the place where Its
pilnclpnl business is curried on with
Ihe United Slates.
The return must, however, set forth:
(I) Total amount of paid up capital
stock outitimdliiK at Ihe close of tho
.venr; (2) total bonded and other In
debtedness; (-1) cross amount of In
come during the enr from all sources,
ami If orgaul7od under the laws of a
foreign country Ihe gross amount of
lis ItKome dcilvcd from business
transacted and capital Invested with-,
In tho United States, (I) amount ro-j
oolvod bj wnj of dividends upon stock
of other eoiporallons or concerns sub-
Ijcct lo the tax; (ft) total ordinary nnd
meessury expenses actually paid out
'p inlos the cost of oporallou In con-
'duellug business transacted within tho
I United States; ()') total losses actual-
ly sustained during the .venr nnd not
eoinpoiiMloil by Insurance or other
wise, stullng separate!) nny amounts
allowed for dcptcclatlon of property,
and In Ihe case or Insurance companies
the sum ii quired by law to be car
licit in premium losorve fund, and In
Ihe (mm1 of a concern organized under
the liws or a foreign country all Iossoh
aceuiiiy susiiiineil ny It in iiustness
r,m,nntt.(1 .ltliln Hit United Statesnot !
. . i
componsatcii tor ny insurance or nth
i ...... I . .......l.. ..i
i. - i ,iper. si-iiniK svnaraiuiy any nmounes
.allowed
for depreciation of pioperty.
nnd In the case, of Insuranco com-
nones iiiu sums required ny law to no'
carried to premium reservo fund; (7)
nmotint of Interest nctunllv tiald on
bonded or oilier Indebtedness to an
amount not exceeding paid up capital
slock, or In case of a foreign corpora
lion not exceeding the proportion of
Its paid up capital stock, which gross
Income from business transacted nud
capital Invested wllhln tho United
Slates bears lo gross Incomes from
all sources within and without the
United States; (S) nmotint paid for
federal or local taxes; (9) net Income
nfter making tho' deductions author
ized.. Local collectors will transmit tho re
turns forthwith to tho commissioner
of Internal lev'enue In Washington.
To Examine Books,
Upon evidence Justly lug the opinion
that tho return Is Incorrect, or when-
4
over IiiHtifll cleut or no return hits liocn '
inaile, the coinmlmiloncr In empowered
to ilenlRiiate nny regular appointed
revenue ngetit to examine the books
or papers of such corporations In order,
to produce the Information required
for the purpose of nsxcsslnR the tnx.
The commissioner Is nntliorlr.cil nlso
to Invoke the aid of nny United States
court to require the nttendnnce of
such of Its officers and employes and
tho production of hooks and papers
commissioner Is required lo add 100
per cent of such tax nud In cases of
neglect or t cftii.il to make loturu, or
lo verify the same, the commissioner
is to mid B0 per cent lo the tnx. When
the neglect Is occasioned by sickness
or the absence of n responsible officer
of the corporation subject to the tnx,
tho collector Is allowed to extend tho
time, not exceeding 30 days. Asrcss-
IlientM ni.i.li. Iiv the pnmniUalnniii-
nillbt bo luilil Iiv the coriKiratloii lie.
fore June 30 of each )car,
After assessments have been made
tho returns of corimratlons must be
filed In tlio office of the commissioner
of Interim! revenue, and they will then
constitute public records and ns such
will be open for Inspection. Kor tho
piotectlou of u cdriwirutlon against tho
wrongful use of Information, tho fol
lowing Is provided:
It shall bo unlawful tor uny collect
or, deputy collector, agent, clerk or
other officer or ctnplojo of the United
Slates to divulge or make known In
uny manner whatever not provided by
lluw to nny person any Information
obtained by him In tho discharge of
his official duty, or to divulge or make
known In any manner not provided by
law uny document received, evidence.
taken or report made under this soo
eneo
ec-
tlon except iimn Uio special illroctlon
of (ho president, and
any offense
against tho foregoing provision shall
bo a misdemeanor and be punished by
n fine not exceeding $l,iiim, or by Im
prisonment not exceeding one )ear,
or both, nt the discretion of the court.
If nny cortKirutlon subjec t to tho
tax refuses or neglects to nufke u re
turn In the manner required or shall
tlinkn n fnluai'itH fr,....li.ln.., f,.fi,.-, II
la liable to u penally of not less than
i.uuu ami noi excoeellug $10,000.
When nny person nuthorlzed by law
to innko or to vorlfv
.
n return shnll
mnifn n
fultc or fraudulent statement
for tho turiKiso of evading the assess
mont ho becomes liable to a duo not
exceeding $1.(100 or n prison Bentence
of not more than one .vear, or both.
JAILED1 FOR DUELLING.
(Special to the II it 1 1 e 1 1 n )
WAIt.UKb. MAUI. July 2t.eool.
do, n Porto Itlc.n. who was convicted
for duelling by ellstilct mnglotrntc Me-
Kny some time ago and was fined $75.
I Is now serving his sentence In Jail.
While ho Is In pilsnn his wife nnd
seven children whose ages range from
seven )cnrs to n few months, tnke pos
session of the court-hourc yarel every
day, nncl their pretence there Ins boon
a great annoyance to the county offi
cials who nil wish that Dome charit
ably inclined perron or association
tako them In charge while their hi end
winner works out his fine in Jail
'
A LITTLE BITTERS
for the itomach will be
of great benefit to
anyone, when it is
weak and unable to
do its work properly,
thus causing the blood
to become poor. But
be sure it is
HOSTETTER'S STOM
ACH BITTERS.
Then you have the
best and purest that
science can produce.
For over 86 Tears it
has been proving its
merit in cases of Bloat
infr, Poor Appetite,
Heartburn, Dyspepsia,
Indigestion, Costiveness,
and Malaria.
OSTETTER
OILISMATID
STOMACH
BITTER
Kor sale by Benson, Smith ft Co., I
Md.; Ilolllster Drug Co., Ltd.;
Chambers Drug Co., Ltd.; Hllo D-iig
Co.: nnd at nil Wholesale Liquor
Dealers. .
ARMY AND NAVY
NEW TURDINE TESTS.
In n 'otter to the New York Tri
bune tho International Curtis Marine
TiiiIiIiiq Company sa)s: "Itogardlng
the turblncH of the cruiser Salem and
those of the Chester, the official tests.
even with tho Salem's turbines out
.of order. Miowcd Hint Ihe two bonis
nie substantially on a pnr in no
amount of steam consumed by the
main turbines under all conditions.
Tho coal tests tocently conducted by
tho government aro not regnrded as
reliable Indications of tho comparative
emcleuclos of Ihe two t)pcs of tur
bines nt nil. Indeed. It hns been con
cluded that they aro entirely mislead-
l"K n'l ,nry "," m,t "' "" "R106- tt""
liiu n-siiiin .luiHiun .... "--- n". -"
sumption test'j. Tho Salem's turbines
have now been lepalrcd, and tho Inten
tion Is lo subject her In the hands of
tho government to nnother stanm con
sumption test vvhert sho hns returned
from her present trip, wo navo no
doubt sho will make n satisfactory
showing on this icw trial. Tho Oen
crnl Kloctrlc Company has mnnufne
Unreel and delivered, and there nrn
now In oiieratlon nbout l.soo.onij
horsepower of Curtis steam turbines
of varlcim sized units, ranging from
a few horso power to something like
20,000 horsepower each."
JOKE NOT APPRECIATED,
l.ovltv In advertising may bo a re
lief to tin- general public confronted J
ny nuveriisenieniB ai uverj linn m
tho ordinary wulks of lire; but It Is
not nlwajs a prn'tnhlo Indulgence,
as Civil Commissioner Mcllhcnny,
principal stockholder In a largo ta
basco snuco factory In New Iberia, !..,
has discovered to his cost. It was his
bright Iden to label his tabasco ns
"The snuco that mado West Point
famous." That wns n Joko that went
t a dinner or n club and brought a
laugh forthwith. Put somehow, nrter
that legend appeared on tho bottles,
Army comnilsnrlos lost their tosto for
tho sauce nnd thcro wns nn unexpect
ed tllfllculty In Belling tho tabasco tu
tho men In ollvo drnb. An Inquiry
wns Instituted and certain facts dis
covered, with tho result that tho le
gend about West Point's famo way
removed Horn tho labels. It remains
to bo seen whether this will bo ac
cepted ns a condonation of tho orig
inal offense.
ELEVATORS FOR MEN-OF-WAR
Electric olovators aro to be placed
on all Ihe larger battleships from
the Delewuic on, viz: tho North' Da
kola, Utah, Florida. Wjomlni? and
Arkansas. ICaeh ship Is to have three
elevators which will be Installed In
tho flro-room ventilator trunks. Each
car will bo 3 feet 9 Inchoa by $ feet
10 Inrhns. Tlin ear ulll travel a dis
tance of about twenly-ono feet from I
the lower huiiKlnK cnttlnK In tho flro-
room to tho gun deck and will bo cap-,
able of lifting a load of 5nu Ktmdn In
twelve to fourteen seconds. Etch ele
vator will be operated from tho car J
by means of push buttons, Thcbo elo-,
valors are to be used for transporta-1
lion of olllcers, who would otherwise ,
hnvo much climbing to do on account
of the abxeneo of doom In tho flro
room bulkheads.
THE ARMY A8 A CAREER.
Tito need of nioro cadets at West
ruiiH iiini'iicH liiuso rcuiursB in inei j
Nuw vorK Times:, "Wo aio qtllto
confident that tho quota of tho Aca
demy can bo filled without trouble.
Tho Army may not seem a fascinat
ing career for :i joiilh with a tasto
for finance or one afflicted with tho
Itching for great wealth, but these niu
not tho best boys by any means. And.
all things consldeied, tho Army docs
offer a good caiecr to a man of talent
and lutolllgcnco, with a handsome pro
vision for his declining enrs, Tho
education one receives nt West Point,
loo, fits a man for other walks."
TH08F. CHINESE CADETS.
Of the two Chlnete Just graduated
from tho .MIIItHiy cademy It Is said
Hint one In of sndi high degree that
ten other oHino with him as his attend
i nt h'idl-i-; Ihnt tho rules of tho Aca
ilom.v would not permit a student to
have an iillonilenl, both onlereel, nud
on riaditallnu It wan found that the
jnttenilanl had dUlaneeil his mauler In
fccnoinmup.
H
Q
New
WhiteGoods
All Prices
Whitney &
SIWiWWWIIWWWWWlrWWWVWVWWVVWVWWV
A Skin of Beauty is a Joy Forevei
pR. T. FELIX GOl'RAUD'S ORIENTAL
- CREAM OR MAGICAL BEAUTIFIER
IWmnvf Tin, rim Im,
frtckk. Mrrtn liichvs
lUib, mi t Mia IiUfs.',
ana rvrry D'f nw A
on brautjr n4U
flrhrirtrctltn. it
bMMnnd thf Ira.
of ft turn, &i
l t iWr. U
URtrltM txurr I
Is tropfrl7 n.iU
Afcpt nocotiuli-F
ff tt of ln list
Mmf. Dr. L. A
firrt nQ to
-f of lb hit
t n , rftilriilt
w.l U th i,
J rfeummttid
MnnrnnilH V
rrnin hi 1- htrmfui rf all h
Vnw kBl K mil orafims kltd FAflf
iinprrparvMn
Qfxida iKalcn It
lb QbHctl Stains Caiwtla and lur
ItBO.T.MrllH. Pici, V tttAUn Slml UnW
Try
Digesto
Malt
Extract
The Tonic that Builds
Benson, Smith
& Co., Ltd.
Hotel and Fort Streets.
HOTEL
STEWART
SAN FRANCISCO
BEARV STREET ABOVE UNION SQUARE
JUST OPPOSITE HOTEL ST. FRANCIS
EUROPEAN PLAN S1.E0 A DAY UP
AMERICAN PLAN $3.00 A DAY UP
3 A R down town hotel. Stial and
brloi ttruclutt. Furnished at a cost ot
$150,000. Eurr oomfort and eominl
taei. Oa ear linas Irantliiilni lo all
parli o( ell;. Omnibus moots ail trains
and sldtnirs.
HOia STEWART
Now recognized as Hawaiian
Island Headquarters.
Cable Address "TBAWETS."
ABO Guide.
F. L. LAM0REAUX,
PIANO AND PIPE ORGAN
TUNING AND REPAIRING,
Bergstrom Music Co,, ltd.
Bulletin Business Ofllce Phone 250.
Bulletin Editorial Room Phouo 185.
xai A' Jf HJjC
Line of
Marsh, Ltd.
AMUSEMENTS
ARTTHEATER
New Feature Film,
The Light in the
Window
Chance of proem m three times n
week Monday, Wednesday and Fii
day, THE EMPIRE
MOTION PICTURES
Thorough ventilation, comfortable
chairs.
, TWO SHOWS DAILY.
Admission 10c, 15c, 25c.
Park Theater
Fort Street and Chaplain lane
Open Air Motion Pictures
HAWAIIAN ORCHESTRA.
Program Changed
3 TIMES A WEEK 3
Admission 10 cents
Children 5 cents
Reserved Seats 15 cents
ALOHA PARK
OPEN AIR
(Motion Pictures
OPPOSITE THE EMPIRE.
Admission 10o
Reserved 15o
Mr and Mrs. Hashimoto,
MASSEURS.
Telephone 637.
Rheumatism,
Bruises,
Tired Feeling.
and other
Ailments
Quickly
Relieved,
178 BERETANIA AVE., near EMMA
Bath and Electrical Treatment.
ASAill BAKERY
BERETANIA ST., NEAR ALAKEA.
Fine Cakes and Ice Cream. x
Rolls and Buns Fresh every morn
ing. WING CHONG CO
KING ST. NEAR BETHEL
Dealers in Furniture Mattresses,
Etc., Eto. All kinds ot KOA and
Nuuanu and Hotel St. on site of old
MISSION FURNITURE Made Tc
Order.
SAVE THE LIFE OF YOUR ROOF
By covering it with EUREKA PER.
FECTI0N PAINT. Sold by the gal
Ion or barrel. A guaranteed non
leak roof paint. Send for booklet lo
EUREKA PERFECTION PAINT CO.
aamr'yi'iH
sRkVsaHLH
P. 0. Box 03, City.
J
.i

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