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has the best fruit land in the Wenatchee valley: has the reputation of produc
ing the earliest and most highly colored fruits obtainable; the soil is a deep vol
canic ash, unsurpassed for productivity, absolutely free from sand and rock,
rendering the cultivation easy and at the least expense.
INCOME TAX LAW EFFECTIVE
THK BIGGEST TAXPAYERS.
United States Steel Corporation.. $1.475.000,000 $1,332,449
Pennsylvania Kailroad company. ■ ■ 315.000,000 254,24.
Baltimore & Ohio Railroad Co. ... 310.000.000 174,456
Union Pacific Railroad Co ■ • 237.000.000 295.990
Southern Pacific Railroad Co 236.000,000 276,980
\merican Telephone and Telegraph- 180,000.000 258,19,
American Tobacco Co • 180.000,000 191.020
Atchison. Topeka & Santa Fe. 219.000.000 243.682
New York Central •• 179.000.000 110,838
. * . . i i .t. J. -E. .1. J. J. A A i
Washington. Dec. 31. The income
tax imposed by act of congress passed
August 5. 1909. becomes effective to
morrow and is retroactive, providing
for the payment of the tax for the
year ending today. The law levies a
tax of 1 per cent on the net income
of al corporations, joint stock com
panies, associations and insurance
companies with a net income in ex
cess of $5000 annually.
It is calculated that the tax will
yield to the United States government
an annual revenue of from $25,000.
--•»00 up. This is only rough figuring,
as it is impossible to get at the t'xact
data of any corporations but the rail
roads, excepting as the corporations
have consented to give information in
.•heir periodical reports. The rail
roads are obliged, by law, to file com
plete reports with the interstate com-j
merce commission. Under the cor
poration tax law ;1 11 corporations will
bf require.! to file with the internal
revenue department by March 1 next
a detailed statement showing the
amount of their business for the past
The United States Steel corporation
will be the largest contributor to
Uncle Sam's coffers under the 1 per
cent tax., In its report for 1907,
which is regarded as a good indica
tion of what its present business is.
its earnings, upon which the tax could
be levied, were $133,244,930. This
figure represents the earnings after
the fixed charges, such as interest on
bonds, were deducted. On a basis of
1 per cent the steel corporation would
pay a tax of $1,332,449.
The Standard wOil company, with |
its many subsidiary corporations, will
pay the next highest rate. Standard j
Oil does not make a habit of taking!
the public into its confidence and to
arrive at a definite conclusion is out
of the question. Wall street figures
that the new tax will compel the
Standard to pay $500,000.
There are a score of large corpor
ations which will heo bliged to pay
a tax of anywhere from $100,000 to
Start the New Year Right by Getting an Orchard Trad:
The Sunnyslope Orchard Co..
Inc., guarantees this land to be
absolutely free from sand and
rook, and if not as represented
when the snow is off of land,
your money will be refunded
with interest at 6 per cent.
Get one of these tracts and become an owner of a bearing orchard in one of the best fruit districts in the U. S.
Let us take you out and show you these tracts. Better make your reservation at once or you'll be too late.
H. E. HARDESTY &, COMPANY,
$350,000. Many others will be taxed
from $50.00 to $100,000.
The census of 190". showed the
capital of corporations engaged in
manufacture at that time to be $10,
--510,811,30.".. The growth of corpora
tions for the five years prior to 1905
was about 4 0 per cent. It is regarded
as altogether likely that, with the
constantly improved condition of busi
ness throughout the country it will
be found, when the census is taken
next year, that there has been a con
siderably greater increase than 40 per
cent over 1905, even with the setback
of the panic. If this is found to be
the case the corporation tax yield will
I).' much higher than $25,000,000.
It is a foregone conclusion that
strenuous efforts will be made to have
the corporation tax declared uncon
stitutional. Test cases will be brought
just as soon as possible and one of
these will be carried to the supreme
coin - ! and an expeditious decision
asked there. All sorts of corporations
are going to fight the measure tooth
and nail, and are confidently predict
ing that it will be forced to go the
way of the income tax law of the
On the other hand, there are many
who believe the supreme court will
sustain it. and still others are in
clined to hope that there will be at
least an obiter dictum opinion ex
pressed on the income tax question.
They think that the court can not well
decide the question of the constitu
tionality of the corporation tax with
out giving some clue to its present
views on the income tax.
At 6:30 last night a chimney over
the Pearl Grocery was gaily putting
up a premature little New Year's
celebration that would have been
more appropriate on the Fourth of
July. Fire was shooting out at a
lively rate and quite a crowd gath
ered to see something happen. For
tunately the crowd was disappointed.
THE WENATCHEE DAILY WORLD, WENATCHEE, WASHINGTON, FRIDAY. DECEMBER :M. lggjj.
THIS LAND IS BEING SOLI) IN FIVE-ACRE TRACTS. WITH EACH ACRE OP LAND GOES AN ACRE OF WATER
i ONE-HALF LNCH) FROM THE WENATCHEE HIGH LINE C ANAL. THE PRICE OF THE LAND, THE PERPETUAL WATER
RIGHT, THE TREES AND THE ENTIRE COST OF OPERATING FOR THE FIRST THREE YEARS. IS $550.00 PER ACRE;
..tiO.(M) PER ACRE IS PAYABLE AT THE TIME CONTRACT IS .MADE. BALANCE TO BE PAID IN MONTHLY INSTALL
MENTS OF $7.50 PER ACRE, 6 PER CENT INTEREST ON DEFERRED PAYMENTS: INTEREST PAYABLE AFTER THE
LAND HAS BEEN PAID FOR COMPLETE.
ROOMS 209-210 (SECOND FLOOR) COLUMBIA VALLEY BANK BLDG., PHONE 2025
6. N. DEPOT NEARLY
The new depot is almost completed
and would be ready for use almost
any time if the new city sewer work
in that vicinity were ready. The de
pot benches are to be put into place
yet and there are several other minor
matters to attend to, but the building
can be gotten ready at very short no
tice now. The steel water-tower is
up and work has just been started
on the big tank that will surmount it.
The subway to the boats will be
ready in a few days. The trains have
been using a sidetrack while the
trestle for the main track across the
subway was being built into place.
The trestle is ready now for the steel
to be put down and the trains will be
going over on the main line in a day
or two. Then the excavation work
will be resumed and the rubway will
be ready for traffic almost any time.
The World's Trinidad correspond
ent states that several bachelors of
that place will change the tedium of
their lonely lives by marrying.
Flood your home with the
bright, white light of day.
Burn Pyro, the wonderful new
is Denatured Alcohol for light
ing, cooking and heating. No
smoke—no odor—no danger.
Cuts down fuel bills—cuts
out lamp labor—and it's al
most as cheap as sunlight it
Get it today—use it tonight.
The tax of $2.08 per gallon
has been removed by the U. S.
government. Pyro is now sold
at a popular price. Pyro Alco
hol Denatured is alcohol made
unfit for drinking purposes. It
is clean, odorless and safe.
F. T. BLUNCK
FOR PULL PARTICULARS CALL ON OR ADDRESS
Some typewriter advantages
which, when investigated,
inevitably lead to the selection
of the Smith Premier —
Removable and Interchangeable
Reversible Tak ' n Rack
Ball Bearing Cat.iage
Complete Control from Keyboard
Simple Stencil Cutting Derice
Drop Forged Type Bar*
Perfect Line Lock
Bichrome Ribbon. UniformTouck
Ball Bearing Type Bar
Column Finder and Paragrapher
Perfect Erasing Facilities
Right and Left Carnage Release
Swinging Marginal Rack
Visible Writing. Protected Ribbon
Gear Driven Carriages
Ribbon Controlled from Keyboard
Variable and Universal Line Spacer
Perfect Dust Guard
Back Space Lever
Improved Marginal Stops
Escapement, Speediest ever
Complete, Straight Line
A Key for Every Character.
A single motion is quicker to make
Only one motion is needed to
make any character desired on the
complete, key Jor-every
character keyboard of the
The Smith Premier Typewriter Co.,
Syracuse, N. Y. Branches everywhere
Write for information to
$550.00 Per Acre
$60.00 per acre cash, balance
monthly payments $7.56 per
acre: interest 6 per cent on de
ferred payments, payable upon
completion of contract.