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The Bourbon news. [volume] (Paris, Ky.) 1895-19??, March 13, 1914, Image 3

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THE BOURBON NEWS, PARIS KENTUCKY, MARCH 13." 1914
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ECONOMY-11'5
iooitinj ior in these days
of high living cost Calumet insures a v.-nnrW-
fjilj
ful saving in your baking. Brt it does more.
It insures wholesome food,tasty food uniformly raised food.
Calumet is made right to sell right to bake right. Ask
one of the millions of women who use it or ask your grocer.
!
RECEIVED HIGHEST
World's Pure Food Exposition, Chic-.Ro. III.
raraciposiuon, rrance,
H15S
To bcx t save monty w&ea toh fcny dseao er tit-can
t'i more eeeBoaucal-iaore vrkoloae pres bert
0
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e
5
6
9
8
Clearance Sale 1
Now Going On
Big Cut
Winter
a
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Seventh and Main
Twill
Jfiv OUR S
Ililrrx
i f ana i
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The man who made the above drawing made it from
his own experience. He learned early that BANKING his
money was the proper thing to do. YOU can do the same
and before you know it, it will become a habit and a joy.
You will take more pleasure ADDING to that bank account
than you will in spending those dribs and drabs of money
that keep so many poor ALL OF THEIR LIVES.
Make OUR bank YOUR bank
We pay 3 per cent, interest on Savings.
DEPOSIT BANK OF PARIS
Capital, $100,000.00.
J. M. HALL. President
H. M. Hamilton
Veterinarian
Office, Butler's Drug Store Phones
251.
Residence, 'E. T. 546; Home, 449.
?
Paris, Ky '
(10feb-lmo)
Tank Beverley analyzes bravery as
fie feeling that, if there is a fight,
Tiere are enough bystanders present
to hold both combatants.
COsts
s
Better
CALUMET
POWDER
one thing- you are
AWARDS
marcii, 1312.
hAn'r'navAirr ni'f t .:.r..l n p.?
resells. Caizaet u far snperior to sow milk and toda.
?
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on
Goods
Sts., Paris, Ky.
frOO4-3"frfr
rHE BANK
BIGGER
EVERY
WEEK
IT WILL
COME IN
HANDY
SOME
DAY
This is the
way the fortune
STARTED
Surplus, $40,000.00.
C K. THOMAS. Cashier
When yott feel SS3TS
vous, tired, worried or despondent it is
sure sign you need MOTTS NERVERIK
PILLS. They renew the normal vigor ar
make life worth living. Be sure and ask
Motf s Nerverine Pills gSil
WILLIAMS MFG. CO., Propir, Cleveland. Ohk
L. Oberdorfer, Druggist. Paris. Ky...
Those who really search for the
truth usually find that it lies midway
between two extremes of opinion.
flft'MEf
SB
It Is the man who never had occa
sion to, use it who knows a sure cure
for baldness.
V
HOW FARMERS
S
THEIR INGOMES
Government1 Department of
Agriculture Makes Re-
ply to Inquiries
EXPENSES TAKEN
FROM INCOME
Interesting Pointers Given in
Regard to the New
Law.
WASHINGTON, D. C, March 11.
If a farmer is so fortunate as to have
a net income of over $3,000 a year in
case he is a bachelor, or $4,000 if
married, he is subject to the income
tax, and under the law each individ
ual must make a return to the Inter
nal Revenue Collector of his district
on or before the first day of March if
he has a net income of $3,000 or over
($2,500 for the ten months of 1913).
While the interest of most farmers in
this subject is purely academic, the
Department of Agriculture has receiv
ed inquiries indicating that some wish
to know just what is required of them
under the new law.
The income tax law of October 3.
1913, places a tax of 1 qer cent, upon
all net incomes of over $3,000, with
an additional tax on incomes of $20,
000 or more. The first question aris
ing in the minds of most people is
what constitutes a net income. For
a man receiving a regular salary, or
a business man with a good system
of bookkeeping, it is easy to deter
mine whether or not his income is
taxable. But for the farmer who re
ceives no stated income, and who of
ten fails to keep accurate account of
receipts and expenditures, it is more
difficult to calculate his net income.
In order that farmers may be posted
on the income tax as it may concern
them, the following information has
been furnished by the Internal Reve
nue Bureau of the Treasury Depart
ment: In general, an income consists of
amounts derived from salaries, wag
es, or compensation for personal ser
vice, paid in any form; also from pro
fessions, business, sales or dealings in
property, of from rents, interest on
bonds or mortgages, dividends on
stocks, or other income from invest
ments. These items constitute gross
income, from which there should be
deducted the expenses of carrying on
the business; interest paid on indebt
edness; worthless debts charged off;
losses by fire, storm or shipwreck, not
covered by insurance; , exhaustion,
wear and tear of property, and any in
come upon which the income tax has
already been deducted at the source,
as, for instance, dividends on stock
of a corporation which has already
paid the tax on its earnings.
The provisions regarding net in
comes of $3,000 apply only to unmar
ried persons, or to married persons
not living with wife or husband. A
husband and wife living together are
entitled to an exemption of $4,000 on
their aggregate income. This means
that in case the wife has a separate
income, if this added to the husband's
income amounts to $4,000 the total is
subject to the tax; or, if the wife has
no separate income, the husband's in
come is taxable only in case it reaches
$4,000. But a return must be made if
the aggregate income of both Is $2,500
for the year 1913. The joint exemp
tion, however, would be $3,333:33.
In arriving at his net income the
farmer should start with his gross in
come. This would consist of any
items of the kind above mentioned,
and specially all receipts from the
sale of products of every description
from the farm. This would include
all money received for produce and
animals sold, and for the wool and
hides of animals slaughtered, if the
wool and hides are sold; but he may
deduct from these items the amounts
actuallv paid as purchase money for
the animals sold or slaughtered dur
ing the year. When the animals
raised by the owner are sold or
slaughtered, however, their value
should not be deducted.
From the gross income there
should be deducted amounts of mon
ey actually paid as expenses for op
erating the farm and producing the
farm products, live stock, etc. This
would include hired farm help, farm
supplies purchased that are necessary
to carry on the business and not an
investment that represents principal,
etc. Expenses for repairs on farm
property may be deducted, provided
the amount deducted does not exceed
the amount spent for such repairs
during the year for which the return
is made. The cost of replacing tools
or machinery may also be deducted
to the extent that the cost of the new
articles does not exceed the value of
the old. No deduction may be made
for the cost of additional farm ma
chinery, but credit may be allowed
for the annual depreciation in the val
ue of such machinery. For example,
if a machine cost $100 and is regard
ed as good for ten years of service,
the annual depreciation would be 10
per cent, and a deduction of $10 each
year could be made on this account,
as part of the expense of operating
the farm.
The expense of supporting the fam
ily, however, can not be deducted
from the gross income. Among the
items for which credit is not allowed
are expense for medical attendance,
life insurance, insurance on dwellings,
store accounts, family supplies, wages
of domestic servants, and cost of
MOULD COMPILE
board, 'room or house rent for family
or personal use. In case an individ
ual owns his residence he cannot de
duct the estimated value of his rent.
But a tenant operating a rented farm
as proprietor, may deduct the rent
of the farm as a part of the expense
of his business.
Farmers are not required to include
in their income the product from.thfe
farm and consumed by the family.
Only produce sold off the farm is to
be included. A farmer is not entitled
to a deduction for his own labor, or
for expense of feeding live stok. He
may, .however, deduct such items as
cost of fertilizer and other supplies
and materials which are used up in
the course of his operations.
Thelaw provides that for the year
1913 the tax shall be computed only
on the net income for the ten months
from March 1 to December 31, and
that returns shall be made on the ba
sis of five-sixths of the yers. There
fore, if the net income for the last
ten months of 1913 amounts to $2,
500 or more a return on form 1014 is
required. For the ten months of
1913 every single person is allowed
$2,500 exemption and in the case of
husband and wife, living together $3,
333.33 exemption. In computing the
net income, for this period deductions
shoul dbe made for only fives-sixths
of tihe amounts properly allowable
for the whole year. Returns for 1913
must bemade by March 1, 1914.
Blanks for making returns for the
income tax may be obtained from tlm
collectors of internal revenue'
throughout the country, or from the
Bureau of Internal Revenue of the
Treasury Department at Washington,
D. C, In case of failure on the part
of any one who is subject to the tax
to file the return by the first of March
the law fixes a penalty of 50 per cent,
of the pmount of the tax assessed and
$10 to $1,000 fine. In case of false or
fraudulent return there is a penalty
of 1000 per cent, and $20 to $2,00 fine
and one year's imprisonment or both.
The Bureau of Internal Revenue is
preparing regulations which may be
obtained by interested persons on
application to collector of ' Internal
Revenue for the applicant's district.
SPRING OPENING.
Our annual Spring opening will be
held this year on Thursday, March 19
and, as usual, we will have on display
the very latest creations in millinery
A full line of the famous Fisk hats,
also a beautiful selection from the
Highland Bros.' stock. These two
houses are Chicagos biggest millinery
concerns, and need no introduction to
those who know. These goods speak
for themselves. You are invited to
inspect these lines on the 19th.
(10-3t )MRS. CORNB W. BAIRD.
A REAL NERVE AND
BODY BUILDING MEDICINE
We believe Rexall Olive Oil Emul
sion is the best remedy made for ton
ing the nerves, enriching the blood,
building up wasted tissues, renewing
heaolth, strength and energy the
best medcine you can use if you are
run down, tired out, nervous and de
bilitated, no matter what the cause.
It doesn't depend for its good effect
upon alcohol or habit-forming drugs,
because it contains none. It may not
make you feel better in a few hours,
but it will make you feel better, we
are sure, just as soon as the tonic and
food properties it contains have a
chance to get into the blood and,
through the blood, into the rest of the
sysem. Pure Olive Oil and he Hypo
phosphites have long been endorsed
by successful physicians, but here, for
the first time, they are combined into
one preparation which, as a nerve
food and a builder of strength and
health, we believe, has no equal.
If you don't feel well, begin taking
Rexall Olive Oil Emulsion today, and
build your health and strengthen your
system against more serious illness.
To convalescents, old people, puny
children and all others who are weak,
run-down or ailing, we offer Rexall
Olive Oil Emulsion with our personal
promise that, if it doesn't make you
strong and well agan, it will cost you
nothing. If we didn't have the ut
most faith in it, we wouldn't offer it
with this guarantee, nor even recom
mend it to you. We are sure that
when once you have used it you will
recommend it to your friends, and
thank us for having recommended it
to you. Sold only at the more than
7,000 Rexall Stores, and in this citv
only by us. $1.00. G. S. Varden &
Son. (adv)
HOW'S THIS?
We offer One Hundred Dollars Re
ward for any case of Catarrh that
cannot be cured by Hall's Catarrh
Cure.
F. J. CHENEY & CO., Toledo, O.
We, the undersigned, have known
F. J. Cheney, for tne past fifeteen
years, and believe him perfectly hon
orable in all business transactions,
and financially able to carry out any
obligations made by his firm.
NATIONAL BANK OF COMMERCE,
Toledo, O.
Hall's Catarrh Cure is taken inter
nally, acting directly upon the blood
and mucous surfaces of the system.
Testimonials sent free. Price 75
cents per bottle. Sold by all drug
gists. Take Hall's Family Pills for consti
pation, (adv)
BLOOD
POISON
actually millions
IS and millions of
germs that crow
from one or two that
got under the skin
and Into the blood.
DR. BELL'S
Antiseptic Salve
applied right away would have killed those few
cerms and kept these millions from being born.
To have a 25c. box of this salve ready for emer
gencies, ask for Dr. Bell's Antiseptic Solve.
"Tell It By The Bell"
For Sslc by All Druggistc.
VISUAL LESSONS
Convincing and Unique Dem
onstrations Will Be Fea-
ture of Meeting
TWO ACRES OF FLOOR SPACE
Many Activities of Rural Co-operative
Work Will Be Shown In Actual Op
eration Parcel Postoffice Will Be
Part of Exhibit at Louisville.
A talk or a lecture may be thor
oughly convincing and delightful, but
a demonstration must carry absolute
conviction. The demonstrations that
will be used in Louisville in the huge
Armory, April 7, 8, 9, 10, are sure to
attract the attention of the farmers,
their friends and neighbors who come
to the Conference. A short list of
some of these various demonstrations
will probably give some idea of the
wide scope of this meeting. Men who
understand the business will develop
real organizations for the handling
(1) Poultry and Eggs; (2) Vegetables
and Small Fruits; (3) Farm Products;
(4) Dairy Products; (5) Live Stock;
(6) Purchase of Farm Requirements,
and (7) Co-operative Credit. In these
organizations that will be developed,
an effort will be made to show exactly
how the testing, grading, standardiz
ing and packing of all the various pro
ducts is done. Directors for shipping,
selling, the making of returns and the
finding of markets will be made fea
tures of these demonstrations.
Besides these co-operative organiza
tions that have just been mentioned
the United States Postoffice Depart
ment has arranged for space in which
to equip a complete parcel post depart
ment. Instead of its being merely a
dummy affair with an exhibit, parcels
will be handled and sent out as they
are in any great postoffice. Several of
the lare retail stores of Louisville will
send their parcel post packages direct
to this office instead of the main post
office, so that there will be continuous
work in handling the mail during the
whole time the Armory is open for ex
hibition purposes. In addition to the
handling of packages from the city to
the country, experts will be present
to show anyone how to pack eggs, but
ter and country produce of every type.
Very few people know very much
about the parcel post as yet, and this
innovation should prove a tremendous
advantage to those visting the Confer
ence. THE BANKER-FARMER
B. F. Harris, of Illinois.
It seems rather odd to find on our
desk a new magazine with the above
heading. It has always seemed to us
as if the bankers and the farmers did'
not know each other as well as they
should. In running over this splendid
magazine, which is a monthly review
of the State Bankers' Associations ol
thirty-seven states, their agricultural
committees and the individual banker
in agricultural matters, it seems to be
most timely. It claims among its
items of interest "public welfare, in
connection with an effort to obtain
and hold successful and permanent
agriculture through better farming, I
marketing, education, roads, rural life!
and credits.
All the wide-awake folks who meet
at the Conference for Farmers and
Business, Men in Louisville to discuss j
rural matters during the four days,
April 7, 8, 9,. 10, will have a chance to
hear the editor of "The Banker-Farmer,"
Mr. B. F. Harris, of Champaign,
111. He is not only the editor of this
strong, clean publication; but he is,
also, the very successful vice presi
dent of the First National Bank of
Champaign and chairman of the Agri
cultural Commission, which was devel
oped under the aus'pices of the Amer
ican Bankers' Association.
Railroad Rates. I
The railroad people of the South .
pave been quick to see the tremendous
advantage of quickening interest in ru
ral life through the Conference of;
Farmers and Business Men in Louis-j
ville, April 7-8-9-10, and have allowed
a very low rate, one fare plus 25 cents
for the round trip. v
J&
''mmr
THE EORTY YEAR TEST
An article must have exceptibo
merit to survive for a period of forty
years. Chamberlains Cough Remrjr
was first offered to the public in 1S712
From a small beginning it has grower
hi favor and popularity until it has at
tained a world wide reputation. Yo
will find nothing better for a cough C"
cold. Try it and you will understaadl
why it is a favorite after a period ,
more than forty years. It not oJy"
gives relief it curei. For sale by alJS
dealers.
(March) (acCv
It is not drawing the color line tb
object to a green crew on the blcs-
V
ocean.
Suffered with
Throat Troubled
Hr. Barnes
used to be
sheriff of
barren
County,
Ten nessee.
From ex
posure to
the elements
he acquired
throat
trouble.
He sup
posed that
his health1
was entirely
ruined, in
spite of all
the treat
ment he
could pro
cure. After
using four
bottles of
Peruna h e
claims that MR.B. W.D.BARNES
he was en- McMinnville, Tenn.
t i r e 1 y
restored to health.
Catarrh of the throat is not only a&
annoying disease of itself, but It ex
poses the victim to many other dis
eases. We are constantly breathing"
into our throats numerous atmos
pheric germs. Disease germs of aH
sorts. This cannot "be avoided. ICr
the throat is healthy the system is
protected from these poisonous
germs. But if the throat is raw andS
punctured with numerous little "ul
cers, by catarrh, then the disease?
germs have easy access to the system
Keep the throat well and clean
This is the way to protect yourselC
against contagious diseases. Gargle
the throat as explained in the new
'Ills of Life," sent free by the Perumc.
Co., Columbus, Ohio.
Mr. Barnes says: "I had throat
trouble and had three doctors treat
ing me. All failed to do me any
good, and pronounced my health gone-.
I concluded to try Perunar and after"
using four bottles can say I was en-'
tirely cured."
Tpwifc...
Wc Self
All Makes
Underwood No. 5, $50.00. ',
Underwood No. 4, $45.00- 7
Oliver No. 5, ?60.00. . f
Oliver No. 3, $40.00.
Oliver No. 2, $30.00.
L. C. Smith Bros. No. 5, $60.00
L. C. Smith Bros. No. 2, $50.00..
L. C. Smith Bros. No. 1, $40.00-
Remington No. 10, $40.00.
Smith Premier No. 10, $40.00-- 4
Remington No. 6, $20.00. 5
Smith Premier No. 2, $20.00.
Blick, $20.00, all models.
Blue Grass Ribbons, 75c each, for"
all machines.
Carbon. Paper $1.50 per 100 sheets
Typewriter Oil 25c.
We handle more Typewrites in oner
week than some of these peddlers'selE
in at year.
Candioto machines are fully guaran
teed for two years. ' )
Easy terms to suit' you.
We have all models in stockt
We have new machines, too. ,
Phone or write us.
The Joseph, '.
Candioto 60. :
151, 153 and 155
N. Broadway,
Lexington, Kentucky.
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