The Matagorda County Tribune (Bay City, Tex.), Vol. 80, No. 48, Ed. 1 Friday, March 12, 1926 Page: 8 of 8
This newspaper is part of the collection entitled: Matagorda County Area Newspaper Collection and was provided to The Portal to Texas History by the Matagorda County Museum & Bay City Public Library.
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B
One Year.
.$1.50
THE DAILY TRIBUNE
One Year.
.$4.00
Your Income Tax
SUBSCRIPTION RATES:
WEEKLY TRIBUNE
Let the States Follow
Suit
Entered at the Postoffice at Bay City, Texas, as second class mail matter
under Act of Congress, March 3, 1879.
Any erroneous reflection upon the character or standing of any person or
business concern will be readily and willingly corrected upon its being
brought to the attention of the publishers.
The paper will be conducted upon the highest possible plane of legitimate
newspaper business.
neces-
actually
expended in carrying on the business
of farming, such as amounts paid in
the production and harvesting of his
crops, cost of seed and fertilizer used,
cost of minor repairs to farm build-
ings, and cost of small tools used up
in the course of a year or two. The
cost of farm machinery, equipment,
and farm buildings is not deductible
as expense.
Deductions for personal or living
expenses, such as repairs to the tax-
payer’s dwelling, cost of food, cloth-
ing, education of children, etc., are
not allowed.
Losses if incurred in a taxpayer’s
trade or business or profession or in
“any transaction entered into for
profit” not compensated for by insur-
ance or otherwise are deductible from
gross income in determining net in-
come upon which the income tax is
assessed. To be allowed, losses not
incurred in trade, business, or pro-
fession must conform closely to the
wording of the statute. For example,
a loss incurred in the sale of a tax-
payer’s home or automobile, which at
the time of purchase was not bought
with the intention of resale,
deductible, because it was
(Facts and Fiction)
If figures don’t lie, and, according
to the best authorities, real and accu-
rate figures have in point of truthful-
ness got George Washington and his
little hatchet backed off the map, the
federal congress has taken a long
step in the direction of turning loose
jthe country's industry from the halt-
ing grasp of tax oppression. Now
that, in this eternal game of taxation,
the nation itself has led with a play
that trumps popular demand, there
is every reason why the states and
local political subdivisions should fol-
low suit.
The purpose of taxation is to secure
revenue sufficient to carry on govern-
mental operations, national, state and
local. And it must be admitted that
at best the problem of distribution of
the burden is a difficult and complex
one. However, the higher the tax the
greater the effort to chuck the bur-
den, or so much of it as possible, onto
the other fellow. The lower the tax
the more cheerfully it is paid and the
less our complexities. As a general
rule neither individuals nor corpora-
tions attempt to evade a tax reason-
ably assessed and for actual public
operations economically conducted.
So long as extravagant spending in
the public service is condoned and the
just rights of private industry denied,
we need not expect our tremendous
natural resources to bring us that
measure of prosperity they are cap-
able of bestowing upon us, it matters
not how wonderful their potentialities.
Men of both mental capacity and
means often find it more profitable
to produce nothing than to engage in
industry, when the rewards of their
efforts are to be taken, largely, to
meet the cost of non-essentials in
governmental activities.
Trouble is, with the public service,
state and local more particularly,
when dealing with the subject of
economy, — ACTUAL AND ACCEPT-
ED ECONOMY,—there is no word in
the English language that permits of
quite so many excuses for evasion of
its real meaning. Just what “Econ-
omy” means when applied to public
expenditures is a thing so varied in
the minds of men, more especially
men after election to public office,
that ordinary folks find themselves at
sea. With exceptions of course, can-
didates FOR public office and men IN
public office, both before and after
assuming the obligations of the pub-
lic trust, are firm advocates of econ-
omy. To judge from their political
promises, the taxpaying public will be
fully protected under their careful,
supervision of expenditures connect-’
ed with their particular public activ-
ities. Nothing, in fact, save necessary
expenses shall be countenanced. Un-
fortunately each one has his own idea
of what might be termed “necessary”
expenses.
Despite the gravity of the situation
there is a deplorable lack of gmuinely
inspired constructive thought devoted I
to the problem of reducing public ex- I
The taxpayer must include in his
income tax return for the year 1925
all items of gross income specified by
law. In the case of a storekeeper,
gross income usually consists of gross
profits on sales, together with income
from other sources. The return must ,
show the gross sales, purchases, and
cost of goods sold. The professional
man, lawyer, doctor, dentist, must in-
clude all fees and other compensation
received from professional services.
The farmer must report as gross in-
come the proceeds of sales or ex-
change of products raised on the farm
or whether purchased by him and re-
sold. He must report also gross in-
come from all other sources, such as
rentals or profits from the sale of
farm lands.
Net income, upon which the tax is
assessed, is gross income less certain
deductions for business, expenses,
losses, bad1' debts, contributions, etc.
To take full advantage of the deduc-
tions to which entitled taxpayers
should read carefully the instructions
on the form under the heads of “In-
come from Business or Profession.”
Net income, upon which the income
tax is assessed, is gross income less
certain specified deductions for busi-
ness expenses, losses, contributions,
bad debts, etc. A storekeeper may de-
duct as a business expense amounts
spent for rent of his place of busi-
ness, advertising, premiums for in-
surance against fire or other losses,
cost of water, light, and heat used in
his place of business, drayage and
freight gills, and the cost of mainte-
nance and repair to delivery wagons
and trucks, and a reasonable allow-
ance for salaries.
A professional man, such as a law-
yer, doctor, or dentist, may deduct
the cost of supplies used in his pro-
fession, expenses paid in the opera-
tion and repair of automobiles used
in making professional calls, dues to
professional journals, office rent, cost
of water, light, and heat used in his
office, and the hire of office assist-
ants.
The farmer may deduct as
sary expenses all amounts
is not
not a
transaction “entered into for profit.”
Losses sustained in the operation of a
farm as a business venture are de-
ductible. If sustained in the opera-
tion of a farm operated merely for
the pleasure of the taxpayer, they are
not deductible.
Owner and Editor
—
CAREY SMITH.
THE MATAGORDA COUNTY TRIBUNE
BY TRIBUNE PRINTING COMPANY
Worth Remembering
ing second.
dark
ORLEANS,
top
years, we
were
(Facts and Fiction)
We may work steadily and in re-
turn for our efforts receive good pay,
but unless we save some part of our
earnings there is little chance for us
to keep ahead of the hounds of debt.
To children, the major facts of life,
—human motives that may be sinister
or obscure,—mean but little. The
child mind reacts to its own imme-
diate environment leaving impressions
that are vivid.
One thing about the poor, old war;
it gets blamed for a whole lot of stuff
which, in the past years, we were
given to understand were due to
original sin.
Of course, as all men know, a wise
NEW ORLEANS, La., Mar. 11.—
Spot prices were unchanged but firm
today. Small lots of fancy Blue Rose
were bringing top prices of 7c a
pound, with official quotations 6 3-4c
to 7c. Choice and medium grades
were neglected. Choice Blue Rose
was quoted a,t 6 l-2c to 6 3-8c; fancy
Honduras, 7 3-4c to 8 l-4c, and fancy
second heads, 5c to 5 l-2c. Receipts
were again large, with the bulk of
the shipments for export to Florida
ports and Porto Rico. Receipts were
1301 sacks of rough and 7277 pockets
of clean.
March was bid up 2 points on the
opening at 4.51c, while other months
were unchanged.
Milton S. Bottdorf, Hartsville, Indi-
ana, is one hundred years old and
has 117 descendants.
hawk will leave the field clear to the
eagle, but even hawks do not fear
chattering magpies and foolish crows.
The* more symbolic a politician
makes himself, the more difficult he
is to approach. The more he leaves
of himself to the imagination of those
who do not actually see through him,
the greater and more unassailable is
his power. As for the rest of us when
we want mountains moved off, or
onto, our own back lots we are prone
to appeal to some invisible Moham-
med.
Politically speaking, there are quite
a lot of folks who, right now, might
be put down as a bad insurance risk.
We are not so very much different
from our early ancestors after all.
When at the door of his cave, primi-
tive man was unexpectedly confront-
ed by a dinosaur or other dangerous
visitor, his first thought was to strike
with the weapon most readily grasp-
ed. So with his descendants. In
moments of peril we grab the first
rock or club at hand and let go
with it.
Each time we yield to a thriftless
impulse, the task of saving becomes
harder. Each time we conquer temp-
tation towards waste and extrava-
gance we become stronger in will and
character.
It is a strange impulse of divination
that at times appears to push aside
the curtain of the future for a fleet-
Stich impulses are most
pronounced when young lovers,—and
sometimes lovers not so young,—sit
dreamily holding hands during
intervals between film changes.
Efforts to get rich by the process
of going into debt has about as much
chance of winning as would feeding
whiskey to a poor Irishman to make
him feel like a rich Jew. The potency
of the booze might impart such a feel-
ing but it would last but a short
while.
“Guild a farthing as you will, it is
but a farthing still,” is an adage no
less true than old.
------o—o—-----
New Orleans Rice
Chaddoch
her
------o—o------
Patronize Tribune advertisers.
Mrs. Joseph Stainbrook.
Dr. and Mrs. W. W. Van Wormer,
and Mrs. Louis Miner and daughter,
Miss Alice Miner, of Springfield, Ill.,
are spending a few weeks in Palacios
and Collegeport.
Mrs. E. V. Holmberg and daughter
of Red Oak, low'a, are guests at the
Iuka for a month.
Mrs. A. G. Skinner’s class of junior
misses of the Methodist Church en-
joyed a birthday party at the home of
their teacher Wednesday night. Sev-
eral of the members had birthdays
this month and planned the joint cel-
ebration which was a very decided
success.
penditures. And yet, as .'ill of us
must know, our tax burden can be re-
duced only by spending less public
money. This means, in effect, that
real and lasting economy in .he cost
of the public service must proceed
upon the basis of a thorough-going
study of our entire administrative or -
ganization, to be followed by an im-
partial and courageous readjustment,
that it may serve a proper purpose
in properly serving the people who,
out of their industry, must defray the
cost. No other kind of economizing
is worth a penny except for campaign
purposes.
If the aggregate of public expense
is to be reduced, action to that end
must be taken, no matter how hard
it may seem to give up pork barrel
ambitions and turn down political
supporters. The RIGHTS of those
who must pay the public tax should
be given precedence. No real states-
man would do less, nor is there such
a thing as a real statesman who
would do differently. Economy means
retrenchment and this mostly in the
matter of expenditures for fads, the-
ories and luxuries that have no proper
place in the public service.
------o—o------
Palacios
Misses Faye Greene and Ruth Skin-
ner went to San Antonio Sunday to
spend a week with the former’s sis-
ters, Mrs. L. W. Walker and Miss
Oma Greene.
Miss Marvel Chaddoch celebrated
her ninth birthday last Saturday with
a party in which 40 little guests par-
ticipated. Games on the lawn were
enjoyed during the afternoon and at
the refreshment hour, joy of joys, the
youthful ladies and gentlemen were
allowed to cut their own slice of the
marvelous birthday cake.
Mrs. H. L. Moore, Mrs. F. H. French
and Miss Mattie Turner entertained
at the Winona house with a radio
party Saturday evening honoring Mr.
and Mrs. A. D. Dorsett of Chicago and
Mr. and Mrs. L. D. Meredith of Kan-
sas.
Mrs. J. E. Tanner and Mrs. J. W.
Bolling entertained the Mary-Martha
class of the Presbyterian Sunday
School at the church annex Thurs-
day afternoon with a 42 party.
Twenty members of the class were
present to enjoy this hospitality.
Mrs. Jack Chamblee, who has been
visiting her daughter and husband;
Mr. and Mrs. Spencer Johnson, in
Houston, has returned home.
Mrs. A. M. Rector returned Wednes-
day from a visit of several weeks with
relatives in Kansas City, Kan.
E. L. Patterson and wife left this
week for their home in Brewster,
Kan., after having spent the winter
months with the latter’s father, A. M.
Recter.
Mr. and Mrs. Rock of Cleveland,
Ohio, left for their home this week.
They spent several weeks with friends
here.
Mrs. C. H. Ashton and Miss A. E.
Willard of Red Wing, Minn., spent the
week at the home of William Holli-
day.
Mrs. Harry Wilson and daughter,
Miss Virginia Wilson, of Cleveland,
are the guests of the former’s mother,
For Sale
*
BO
r
Resolutions
RESOLUTIONS OF SYMPATHY TO
MR. W. B. BROOKS AND FAMILY:
Be it resolved that the P.-T. A. of
Bay City extends its sincere sympathy
to Mr. W. B. Brooks and family in
the loss of their wife and mother from
their home, as we, too, miss her sweet
personality and Christian spirit in our
P.-T. A. and Christian circles, and es-
pecially her unselfish service at all
times.
While we can not understand why
such a beautiful and useful character
should be taken, when she seemed so
necessary, we can only bow in heart-
broken submission to Him who doeth
all things well.
Be it further resolved, that a copy
of these resolutions be spread on the
minutes of our P.-T. A. and copies be
sent to our local paper and to the
bereaved family.
Committee—Mrs. Thos. H. Lewis,
Mrs. E. E. Wood, Mrs. R. J. Sisk, Mrs.
Geo. Helmecke, Mrs. Fred Carleton.
------o—o------
Prof. Howard T. Barnes, McGill
University, Montreal, will visit
Greenland in June with several tons
of chemicals to test the effect of “heat
mines” in breaking up icebergs at
their source and thus keep the North
Atlantic free of icebergs and permit
THIS ALSO IS PART
of the CAR
Dodge Brothers
■1
MOTOR CAR
HARDY - ANDERSON AUTO CO.
Phone 1 54
Gabriel Snubbers
Goodyear Tires Exide Batteries
The farther men drive automobiles, the
more they realize that the responsibility of
the dealer who sells the car is just as big a
factor of satisfaction in ownership as the re-
sponsibility of the manufacturer who built it.
When you buy a car here you get all that a
good manufacturer and a conscientious
dealer can deliver.
How Doctors Treat
Colds and the Flu
all-year navigation of the St. Law-
rence.
An early stagecoach line between
Boston and New York advertised that
passengers reaching Hartford at 3
o’clock in the morning would be al-
lowed to “sleep in their seats” until 5.
To break up a cold overnight or
to cut short an attack of grippe, in-
fluenza, sore throat or tonsillitis, phy-
sicians and druggists are now recom-
mending Calotabs, the purified and
refined calomel compound tablet that
gives you the effects of calomel and
salts combined, without the unpleas-
ant effects of either.
One or two Calotabs at bed-time
with a swallow of water,—that’s all.
No salts, no nausea nor the slightest
interference with your eating, work
or pleasure. Next morning your cold
has vanished, your system is thor-
oughly purified and you are feeling
fine with a hearty appetite for break-
fast. Eat what you please,—no dan-
ger.
Get a family package, containing
full directions* pnly 35 cents. At any
drug store. (adv)
Pure Kasch and Mebane Cotton Seed for planting.
You imagine that the selecting of a Wedding
Kasch yielded last year 39 per cent lint 1 1-16
Gift is a hard job.
/
staple, Mebane yielded 36 per cent lint 1H) staple.
and Gift Articles it is a pleasure.
Price, $1.60 per bushel at Bay City. These seed
art
do the rest
*
*
*
*
Jas. W. Rugeley Co.
*
Bay City,
Texas
W. F. TETTS
6000 Illustrations
Jeweler
agrimotor
hot pursuit
Air Council
mud gun
Ru thane
paravane
megabar
S. P. boat
were grown and ginned by us and are pure.
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--o—0------
An ice jam extending from Goat
Island to Port Day held back the
water from Niagara Falls, making it
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” ! .. '■!■
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____
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Smith, Carey. The Matagorda County Tribune (Bay City, Tex.), Vol. 80, No. 48, Ed. 1 Friday, March 12, 1926, newspaper, March 12, 1926; Bay City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1304310/m1/8/?q=%22%22~1&rotate=0: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Matagorda County Museum & Bay City Public Library.