The Bourbon news. [volume], March 07, 1919, Page PAGE SEVEN, Image 7

About The Bourbon news. [volume] (Paris, Ky.) 1895-19??

Image provided by: University of Kentucky, Lexington, KY

                
THE BOTOBOH HEWS. PAMS BBHTUCKT
PAG1
FRIDAY, MAUCH 7, 11,
6-
g-
Who Benefits By
High Prices?
You feel that retail
meat prices are too high.
Your retailer says he
has to pay higher prices
to the packers.
Swift & Company prove
that out of every dollar
the retailer pays to the
packers for meat, 2 cents
is for packers' profit, 13 -cents
is for operating
expenses, and 85 cents
goes to the stock raiser;
and that the prices of live
stock and meat move up
and down together.
The live-stock raiser points
to rising costs of raising live stock.
Labor reminds us that higher
wages most go hand in tend
with the new cost of living.
No one, apparently, is
responsible. No one, apparently,
is benefited by higher priees and
higher income.
We are all living on a high
prised scale. One trouble is,
that the number of dollars has
multiplied faster than the quan
tity of goods; so that each dollar
buys less than formerly.
Swift & Company, U. 3. A.
VICTORY LOAN ILL BEl
SOLD 10 POBLIG J0S1
AS OTHER ISSUES WERE
RUMORS THAT BANKS WERE TO
BE CALLED ON TO TAKE
FIFTH LOAN CORRECTED
BY SECRETARY GLASS.
yE9L
TJMORS and nnan
thorized statement:
which have beer
spread abroad ovei
the coantry to the ef
feet that there waj
to be no Fifth Lib
erty Loan have beer
brought to the atten
tSon of Secretary of the Treason
Glass. The secretary reiterates hie
statements
Tmat there will be a Fifth Lib
erty Lean;
That tt win be a popular one
id to the people;
That there is no Wea on the
part of the government to sell
the bonds to the banks;
That the Fifth Liberty Loan
IS be floated that Spring, tm
dsabtsdty biu8nQ hi the tatter
part of April.
The tasncial heads of the govern
ment are perfecttnt; the plans for an
j tasne that will xseet the reqnirements
I ef the "time and the Central Liberty
Loan committee of the Fourth Fed
eral Reserve district at Cleveland is
wen along in the task of laying a
foundation for a campaign which "win
outdo in intensity any of the four pre
ceding campaigns.
Stories emanating from Washing
ton and discussing the preliminary
plans of legislators may have a ten
dency to befog the reader. It most
be remembered that these stories are
speculation, merely reflecting the
mind-workings of the men who will
ultimately have to narrow down to
some one procedure. Enough has al
ready been definitely settled to per
mit the secretary of the treasury to
make the statements above and to
emphasise them.
To further emphasise the fact that
there wfll be a Fifth Victory loan and
to correct the impression which has
erroneously been circulated that the
banks would have to take the loan,
Governor B. R. Fancher of the Fed
eral Reserve Bank of Cleveland re
cently sent word te all of the Liberty
IiO&n worker in the district ealltog
upon them to correct those false impressions.
TraATt AKD NOSTEHS
STDGETED ERQM COLD
'Tape's Cold Compound" Ends a
Cold or Grippe in a
Few Hours.
Z5E
The comedian on the stage may
never get a laugh, but it is still pos
sible for the audience to go out be
tween acta for a smile.
If the League of. Nations will
promise to repal the bone dry law,
there'll be no trouble about signing
txp- ;: (i i i Vitid&tiitt.'
Bone dry prohibition by law is bad
enough, but abstinence enforced by
purse and high prices is the "most
unkindest of all."
o
The President smiles on everything
and everybody, except Senator Cham
berlain, and so far as we know, Sen
ator Chamberlain may be proud of
it.
Your cold will break and all grippe
misery end a'fter taking a dose of
"Pape's Cold Compound" every two
hours until three, doses are taken.
It promptly opens clogged-up nos
trils and air passages in the head,
stops nasty discharge or nose run
ning, relieves sick headache, dull
ness, feverishness, sore throat, sneez
ing, soreness and stiffness.
Don't Btay stuffed up! Quit blow
ing and snuffling! Ease your throb
bing head nothing else in the world
gives such prompt relief as "Pape's
Cold Compound," which costs only a
few cents at any drug store. It acts
without assistance, tastes nice, and
causes no inconvenience. Accept no
substitute. (adr)
Economys
Table
Drink
INSTANT
POSTUM
No raise in price , bxrt the
same value as always .
Made insianily-no boilind needed.
No waste. No left-overs to throw
away. Contains nothing harm
ful to health. Always ready for
cfuick service .
When ordering your table bev
erace, why not consider Instant
Posium. " There s a Reason...
PIS TELLS HOW TO 1
FIGURE INCOME TU
iQuarely Up to Every Individual
to Get Busy by March 15
or Suffer Penalty.
Don't wait until the final due date,
March 15th, for paying your Income
Tax and making your return. Avoid
the last minute rush. Any person can
figure out his liability today as well as
he can next week, and if there Is any
point on which he needs advice he can
now get in touch with a Revenue man."
This word Of advice is being given
out by Internal Revenue men. Re
turns and payments are being col
lected in Kentucky by the following
Collectors of Internal Revenue :
Josh T. Griffith.
J. Rogers Gore.
Charlton B. Thompson.
Elwood Hamilton.
John W. Hughes.
Every aid of their offices and field
forces is being given freely to the
public.
But the Income Tax men will not
pull your door-bell or your coat-tails,
according to the Collector's announce
ment. It is squarely up to every indi
vidual to figure out his own case and
to get busy if he comes within the
scope of the new Revenue law.
Did You Earn This Much7
Every, unmarried person who re
ceived income averaging $19.25 a week
during 1918 and every married 'couple
who jointly received income averaging
$38.50 a week should secure at once
from the nearest Deputy Collector or
the nearest bank a blank Form 1040 A.
That form contains the information he
will need to enable him to figure his
correct net Income and any tax that he
owes the Government.
The law requires that every unmar
ried person who had a net Income of
$1,000 or over and every married per
son whose net Income was $2,000 or
over (Including the Income of husband
or wife and the earnings of minor
children, if any) must make a return
on or before March 15th. And this re
quirement does not hinge on whether
the person owes a tax.
Taxable Income.
An individual must include under
gross income all gains, profits and In
come derived from salaries, wages or
compensation for personal service of
whatever kind and in whatever form
paid or from professions, vocations,
business, sales or dealings in property
of all kinds, Interest, rent, dividends
or profits derived from any source
whatever. Very few items of Income
are exempt.
Deductions Include ordinary and nec
essary business expenses, interest paid
or accrued on Indebtedness, taxes of
all kinds except Federal Income and
excess profits taxes and assessments
for local benefits, losses actually sus
tained, debts ascertained to be worth
less and depreciation on buildings, ma
chinery, fixtures, etc., used in business.
A further deduction is allowed for con
tributions to corporations operated for
religious, charitable, scientific or edu
cational purposes or for the prevention
of cruelty to children or animals to an
amount not exceeding 15 per cent of
the taxpayer's net income as computed
without the benefit of the contribution
deduction.
The taxpayer Is not allowed to de
duct any personal, living or family ex
pense, any amount spent for improving
property or making good its exhaus
tion for which an allowance is claimed
under depreciation.
Figuring the Tax.
Before figuring the normal tax the
dividends are deducted as credits from
net income,' together with the personal
exemption. As in previous years, divi
dends of domestic corporations are ex
empt from normal tax when received
by-the stockholder.
The normal tax rates for citizens
and residents are as follows: On the
first $4,000 of net income in excess of
the credits the rate Is 6 per cent; on
1 any further taxable income the rate Is
12 per cent
The surtax ratee apply to net in
come of each Individual in excess of
$5,000. The personal exemption and
the dividends are not deductible before
computing surtax. In the case of re
turns by husband and wife, the net
income of each is considered separate
iv in comDUtlng any surtax 'that may
be due. Form 1040 should be used for
making returns of et income exceed
ing $5,000, and the instructions on that
form will show how to figure the sur
tax. Business House Returns.
Employers and others who paid
wages, salaries, rents, Interest or sim
ilar determinable gains in an amount
of $1,000 or over during 1918 to any
person must file an information return
with the Government Blanks may be
secured from the Collector.
Every partnership must file a return
showing its income and deductions and
the name and address or eacn partner,
with his share 'of the profits or losses
during the past year. Personal service
corporations will file similar Informa
tion for 1918.
The More You Use Your Car
The More You Need Good Tires
Your car's usefulness is increasing every day.
It is becoming more and more of a real necessity
to you both in your business and home life.
For that very reason you need good tires, now,
more than ever.
The out-and-out dependability that created so
tremendous a demand for United States Tires in
times of war is just as desirable today.
It reduces tire troubles to the vanishing point
multiplying the usefulness of your car and putting
the cost of operation on a real thrift basis.
United States Nobby', 'Chain', 'Usco',and 'Plain'
are the most popular fabric tires built. They have
all the strength and stamina our years of experience
have taught us to put into tires.
There is also the United States 'Royal Cord',
the finest cur built for passenger car use.
Our nearest Sales and Service Depot dealer has
exactly the treads you need for your car and the
roads you travel.
He will gladly help you pick them out.
v .-t
United States Tires
are Good Tires
We KNOW United States Tires are GOOD tires. That's why we sell thepa.
RUGGLES MOTOR CO Pari
MULEESBima HARDWARE CO., Mfflenburr, Xy.
J. W. MITCHELL & SOH North Midaietdwa, f.
i i
Send That Next Job of Printing to The
Bourbon News. Best Work; Right Pritss.
f
a
IX!
XKXHXi
INCOMI TAX PAYS
FOR PUBLIC BENEFITS.
"Viewed in Iti largeat and
truest sense, the payment of
taxes is payment for benefits
received or expected. Only from
a narrow and essentially selfish
and shortsighted viewpoint can
the individual propose to him
self' the evasion of tax liability
as a desirable courss of action.
Daniel C. Roper, Commission
er of Internal Revenue.
KBXMXMXasU
Bourbon Laundry i
DAVIS & FUNK, Proprietors I
Telephone No. 4 Wert Fifh Street
satisfaction!
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I Quality Printing!
Absolute Satisfaction is one of the
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