Newspaper Page Text
UK BIG ST?NK UAL* l'OST.
W'KDNKSDAY, FKB. 16, 1922 l'ubl slied l'.reiy WnlneMsy by th? WISE PIUNTING COMPANY. Incorporates, GILBERT N. KNIOHT. - Editor. LINDSEY J. HORTON, AsVt Edltor Oho Yonr. Six Months. Thruo Months KoUred ?coorilliiit to posUl ruKulallou st tbo uost olBoo sl lllftHlons llsiisisoo Ollll-olSSS lll?ttot Citizen Urges Upper Route Along Sliawnec Avenue Against Lower Route Across Fill For Main Highway. Dear Mr. Editor: I l oad with intoroBt the article in the Ittel week's Post advocat? ing ihi* building of our new con? crete Btrpot between the school building and the Southern sta tiou along the present road down the steep grade into sink bole hollow, across the narrow, dangerous IUI and tip another steep grade around the blind curve below ('atom's instead of building it O?t Shawnee A venue around (be foot of linboden Hill along a perfect grade at an eto vutioii which affords oue of the most attractive views of Big Stone Gap, as required in the order of court under which we voted district bonds for money to help build this road Of COIirSej the district bonds pro? vide only $32,000.00 of the large sum which will be invested in this main highway leading en? tirely through town, and we may violate the court's order and got. by with it if we were disposed to do so Aside from this moral and legal question, however, Ibere are dozens of reasons why Hie Shawnee Av? enue (Old Dummy Line) route is far better and cheaper than the present low dip route. Among them are the following: The upper route is I'm feet Bhorter, requiring 27?? less square yards of concrete paving costing approximately ?0,760.00. 'To use the lower route at all, it will be absolutely necessary lo considerably widen and ele? vate the long sink hole fill, and perhaps build a concrete retain? ing wall to bold it before a con crete pavement of the required width can tie laid. This will cost u lot of money, perhaps a great deal more than the whole cost nf preparing the old dum? my grade with its excellent deep road bed of slag and lime stone rock for concrete pave? ment The cost would be pro? hibitive to entirely eliminate the heavy grades at each end of the IUI und lo do uwity with the dangerous blind curve through the cut below Catron's. Both the L cV N. and the Southern railroads own rights ol wny which cross the lower reute twice in that short dis. tunco. Some day, if we get a station in town, or when, us we must if tlie town is to grow, we get by request or force a con? necting track between the two railroads along Railroad Av. entlO, the lower route will cross such railroad twice at grade, and one of these crossings at least will be extremely danger? ous. It is true, perhaps, the street will have to be '.orn up and rebuilt to tit the railroad grade, but an overhead or un? derpass crossing would be iMi tirely impracticable Wo are building this concrete highway to provide a quick, easy and safe drive and haul from the two railroad stations v to the center of town, mid to af? ford an attractive, useful, safe und comfortable driveway from one end of our town to the oth? er for the benefit not only of visitors but of every citizen. In these respects the upper route is so fur superior to the lower as to eliminate comparison. It is absurd and would be ex trcmoly selfish to argue that SI.BO ,76 .40 'because certain citizen* have built homes along the present route the town i? undor obliga? tion to build thi? concretehigh way in front of their doore. They have und will continue to bavo a far better street than scores and scores of citizens who pay as much taxes us they do and pay them just us elieor fully. This highway is for tho benefit of all the people und not for a selected few. It would be just as reasonable for every home owner in the whole town to kick because the council does not now propose to con? struct a now improved street and a now sidewalk in front of his lot. Perhaps a few neigh? borhood kicks to or at council for street, sidewalk anil Bower improvements would be most healthy for the town, but there are dozens of neighborhoods with more right to kick than the ones among the present dip route. I doubt if more than one or two citizens in that neigh? borhood ate kicking. This high-class, permanent through street is what we have all longed and hoped tot these many years. All progressive and public spirited citizens are fur it We all know it is the one best thing we can right now do for our dear old town, and that unless we build it and build it right we art1 going to lag far behind neighboring and competing towns. Let us not have any bickering. Let us not listen to any selfish appeals. Let us all work together in the true old Big Stone t lap spirit of Unselfishness, harmony, fair? ness and courage, and build the liest possible street iu the best town in the mountains li is up to the Council and to the town's engineer to get the best street) possible for the money available, ami to know (hat we get value received for every dollar spent. 'Io that end let us every one stand behind til ein and with them. Yours very truly, Jxo. W. Uii iL.Ki.kv, LETTER TO THE EDITOR Sir:-?Some tune since there came to my hands a copy of the ban.) book of North Carolina, a very elaborate affair issued by the agricultural department of the state, a id i am wondering if it would not lie possible for V irginin to improve her next issue of thai publication. The w ork above referred to is bound in green cloth, contains 413 large pages, embellished with numerous engravings, some of them in colors, and an excellent map of iIn? slate. Now, Vir gillin has for a like work,first a brief history of Iho stale from the discovery to dale, then a general survey of her diversi? fied industries, and a sketch of each county, its settlement, or? ganization and special foaturos, 1 know (hat our very worthy commissioner of agriculture, (leorgo W. Keiner, does tho best possible with the limited appropriation from the state, but would it not be possible to secure an appropriation sulti eieut to improve upon the next issue of our band hook. Let the matter he discussed and the authorities be impor? tuned for a larger appropria? tion than has been yearly made for this purpose Kisvnk MONKOK Bkvkui.y Kreoling, Ya., Fob. 7. If sufficient opposition is en? countered from foreign nations it is possible that Congress may do something toward tho en courageinent of on American merchant marine. Uncle Sain gots powerfully peeved anil stubborn at times when others oppose him. Humorists seldom see any? thing funny in their own writ? ing", and ut times others agree with them. NOTICE! Deputy Collector Ernest U. Viunrs will bo at post ultice in Biff Stone Cnp Virginia on Feb? ruary 16, March 3rd, 13th, 14tb and 16th and ut fchonega, Feb? ruary 18th und will ut thut time take pleasure in assisting income tux payers t<> prepare) a?d file their returns of incOnid fur tax for the year 1921 . I The luw requires thut every one must lile an income lax re? turn if your income in $2000.00, if you ore married aud live with wife (or husband), $1000.00 if you tire single or do not live with wife (or husband) A widow or widower must make u return if their income is $1, 000.00, regardless of further ex emptiou. A minor whose in? come is .f l tin must make a return, or one should be made for him by bis guardian. Mriiig all data pertaining to your income for 1921 with you when yon cull on the deputy. Kespecifully, John i'. Noki., Collector. I l'er kunkst \i. VtOARS, Deputy Collector INCOME TAX FACTS Section 202 of the revenue act of 1921 deals with the basis of ascertaining taxable loss or de? ductible gain in I be sale or oth? er disposition of property. The net provides that cost shall be the basis with three exceptions. The first is that in the case of property which should be in? cluded in the taxpayer's inven? tory, the last inventory value shall be the basis; for example. ii a merchant bought in 1920 a certain article and it was not sold by him prim- to December 31, 1920, but was included In bis inventory as of that date and sold in 1921, the taxable gain or deductible loss would be the difference between tlie selling price ami the amount at which the article was carried in his inventory. Tlie second exception is that in the case of property acquired by gift after December 31, 1920( the basis shall he the same as that which il would have been in the hands of the donor or lusl preceding owner by whom it was acquired by gift For ex? ample, a man in 1918 acquired stock in u corporuMim for $100 a share, und kept it until 1920, when it was worth ?l20n share, and then gave it to his son,who in January, 1921, gave it to bis wife, the stock at that time be? ing worth $1600 share. If sub? sequently the wife sohl the stock for (200 a share her taxa? ble profit is not $60 but $100j the gain over the cost to the last preceding owner who did not acquire the stock by gift In the case of property ttC quired by gift or before Decem? ber 31, 1920, the basis for ascer? taining gain or loss from a sale or other disposition thereof shall be the fair market value of such property at the time of acquisi? tion. In the case of property acquired by bequest, devise or inheritance, the fair market price or value of tlie property ut th.) time of its acquisition is the basis for determining gain or loss. Subdivision 0 of section 'Jil'J, of the revenue act deals prima? rily with the exchange of prop? erty for property. It is much more liberal than the act of ?'is in enumerating the classes of such exchanges which do not result in gain or loss to the taxpayer. In general there is no gain or loss when property (other than stock-in-trade or property hold primary for sale) is exchanged for property of a like kind. When an individual or a partnership transfers pro? perly to a corporation uml im? mediately thereafter is in con? trol of such corporation?own? ing at least SO per cent, of the voting stock und at least mi per cent, of the total number of share of till other classes of i slock of the corporation?no I taxable gain or no deductible loss results. Sales Prior to March I, 1913 In the case of the sale of prop erty acquired prior to march 1, 101 ."I. the basis for determining taxable gain ?r deductible los? is cost, but tho fair market price or value as of that date is important. Generally to deter mine taxable gain, the March 1, 1913,. value is used if more iban cost. Taxpayers Bhould read carefully section 202 (b) of the act on tbis poiut Following uro couorete ex? amples: A bond bought in 1018 for $60(1 had on March 1, 1013, a value of f700 and was sohl iu 1921 for ? 1,000. Tho tuxoblo gain is $2150 the excess of tho si lling price over March 1, 1913, value, A bond bought in 1912 for $1,000 had a market value on March I, 1913, over the selling price. A bond purchased in 1912 for $1,000, on Match 1, 1913, hud a market vuli.f $500 and in 1921 <vits sold for $750 This transaction, on a basis of cost, would result in an actual loss of J26? butowing id the provisions of seel ion $202 (b) t:i) of the net the tax payer cannot deduct such loss from bis gross income be? cause the market value on Match I, 1913, was less than selling price. Neither does he have to report a gain on the t ranSUclion. When people insist upon suy mg unkind things of others it would be well for them to con? tract the habit of talking to themselves. Then they could let oll' Stettin in large quantities without doing tiny material harm. We are never quite ac? curate in um judgment of oth? ers, because we are not fully ac? quainted wiih the reasons which actuate them. Under such conditions the person who is slow to pass judgment in most to be commended, lit* may at ttines he prone to con? done faults, but even that is preferable to passing censure where there is a possibility that it may not be deserved. Birthday Party. Connolly 10. Sulyor, of Big Stone Gap, Va., was the hon? or ee tit a very delightful birth fill birthday partv given by bis aunt, Mrs. K. V. Putree on Windsor avenue. In the decorative scheme, St. Valentine proved the inspira? tion and hearts were in evidence throughout the entire homo. Many games were played that greatly amused the young peo? ple, and in one of the contests, little Mary Allen won the prize, Refreshments were served at live o'clock by Mrs Salver and Mrs. Pet reo. Each child was given a souvenir, a heart bask? et filled with candy.?Bristol I ioruld Cotirier. Stockholders' Meeting. The annual meeting of lin? stock holders of the Virginia Coal and iron Company will be held al thoKamncI Hotel, Alex? andria, Vtt., Wednesday, Keb ruary 15, 1922 at 12 o'clock noon for the purpose of hearing annual report, election of a board of directors and transact? ing such other busincHH as will properly come before the meet ing. L. P. Lkntz, ?1-7 Secretary. Stockholders' Meeting. The annual meeting of ihe Stock beider? of the Interstate Railroad Company will be held at the R?muel Hotel, Alexan? dria, Va , Wednesday, Febru? ary 15th, 1022, at 12:80 o'clock p. m. for the purpose of hearing annual report, election of a board of directors and transact? ing such other business us will properly come before the meet ing. L. F. Lkntz, 4-7 Secretary. Stockholders' Meeting. The annual meeting of tho Stockholders of the Went/, Cor? poration will be held af the Ramnol Hotel, Alexandria,Va , Wednesday, February 15th, 1922, at 12:15 p in., for the pur? pose of hearing annual report, election of a board of directors and transacting such business as will properly come before tho mooting. l. f. Lenz, Secretary. "WE BUY THE BEST" "WE SELL THE BES' That Is Quality Have you tried our coal, the Famous Black Mountain. Ask your neighbor that lias used it, then phone us your order. We handle Egg, Lump and R. O. M., all from same vein. "NONE BETTER." One ton will con. vinee you of its quality. Flour, Meal, Feed, Hay, Grain We have a complete stock in our grainery and can furnish you any amount you may want. Our prices delivered to you are: Cracker Jack Dairy Ration ii# Protein .$2.30 Cracker Jack Dairy Feed iS;' Protein.2.2b Butter Nut Dairy Feed i6% Protein.2.20 Rich Cream Feed, none better (same analysis as None-Such) we guarantee every bag.2.62 Corn Feed Meal or I lomihy Meal (cotton bag).2.1 5 Gray Shorts (as good as Nonesuch).2.25 Special A i Mixed Feed (Uriah arid Shorts).1.90 A -1 Wheat Bran.1.G0 Cotton Seed Meal -| i Prime . 3:lf> Linseed Oil Meal.3.50 Pigrow (Digester tankage) line for hogs and pigs...3.50 C. & j; Special H?rse and Mule all grain sweet teed 2.40 Cracker Jack Horse and Mule Soft grain " feed 2.30 P. D. O. Horse and Mule 6o# grain swecl Iced,;..2.25 P. D. O. Chicken Feed iqo lb bags, per bag.2.75 P. D. O. Egg Mash 2i per cent protein, ioo lbs... 2.75 No. i White Oats in .) bushel sacks, per bushel? ,75 No. i Yellow Corn in bushel sacks, per bushel j.00 Salt, per ioo pound l>ag . 1.75 Oyster Shells, per IOO lbs.2.00 You can order Chicken Feed, Kgg Mash and Salt b) tin pound it you wish and Oats and Corn l>y the bushel. \\ 1 appreciate your order, large or small. We have two high grades of Flour that ranks with thj highest grades on the market: Let us si nd you a trial order. '?Zabels Star" 2.( pound bag.$1.20 "label's Star" 196 pound barrel (wood).10.50 "Fluffy" (its line) 24 pound bag. 1.25 Pearl Meal, Hudn?ts [Icxagaii Brand, j.} lb. bag. 55c Give Us A Trial Order. Let Us Convince Yon Our Hay We buy direct from farm to you. One bale will convince yotb j No. 1 Alfalfa, per hundred pounds. I.S5 No. 1 Clover; per hundred pounds . 1.75 No. 1 Clover and Timothy mixed, p?r hundred... 1.75 No. t Timothy, per hundred pounds. 1.75 No. 1 Wheat Straw, per bale.1.00 The cars nice fresh Hay just arrived. Phone us your order. Let us do your hauling; We haul anything or move you anywhere. Try us and he satisfied. Our Motto: Service and Quality. Big Stone Gap Fuel & Feed Co. I ncorporated Home o! "Famous Black Mountain Coal." Phone 239. A. P. Hammond, Manager. To Meet This The Farmer Will Need Improved Implements and Machinery The demand for greater production on the faun is in? sistent. It never ceases. The fanner can greatly improve his working conditions and increase Iiis acreage and yield by keeping abreast of the times in the matter of machinery and implements. We have a good stock of them?those late and practical inventions that take the place of man power on the farm. I We invite every farmer to see them, any day when you I are in town. I Hamblen Brothers