The Daily Tribune (Bay City, Tex.), Vol. 14, No. 82, Ed. 1 Saturday, February 22, 1919 Page: 1 of 4
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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■oat oomploto Um of Imm
Let us farBlsh you wit* year
The Daily Tribune
Palate, Vendeb, OU
Barbed "Ire and
and Olaaa
UeiUr Fust
T. PIC ICE Lt 1BEK CO.
L
VOLUME XIV
FIVE (JUN TH THL UOPT.
NUMBER v.».
< ITV. TEXAS SATURDAY. EEHKl AHY id. »i».
Bit
Statement of Condition of
III t\hs
so
First National Bank
a
JT
«
At tho Close of Business on December 31, 191ft
RESOI R( ES:
$599 313 St
|I 190 597 82
LIABILITIES!
Ing
$800 oil 51
A
$800 011 51
>1 190 597 82
MNMX- MQ
«
sf-siwew
OFFICERS AND DIRECTORS:
;S
S==sSil
J. C.
Statement
FIRST STATE BANK
!S-
«
$316 745 57
Total
Liabilities.
THE UNIVERSAL CAR
Guaranty Fund Rank
(Continued on Page 4, Column 1)
SSii
iia
ELLY-SPRINGFIELD
t
AND
■
BAY CITY AUTO AND SALES COMPANY
Bay City, Texas
PROMPTNESS AND ACCURACY ASSURED “
John A. Crawford
t
Loans Negotiated
Insurance
Abstracts
Phone 145
-
Women’s Newest SPRING Apparel
■ij
New Capes
:i
*3
II. E. NcLEMORE
Carpenter and Hnllder
■
4
••••••••••••••••
M. ~ ‘ ? ■■■■■
F
*■
••••••••••••••••
Spring Millinery
pineapple braids, Liseres & Milams for Misses, women and children.
The latest fads from smartest turban to large picture hats.
The new suits are here in gabardine, tricotines, serge-fancy mixtures
in the seasons newest colors.
Has arrived. A choice assortment of the new
est styles in pattern hats, ready to wear, in
M Thompson, President; D. P. Moore, Vice-President;
Lewis, Cashier; E. Zedler. Assistant Caahier;
N. M. Vogelsang A H. Wadsworth
Good Ronds Feature of Evening's Con- '
sullation.
Lbaus and Discounts
United States Bonus and Certificates of Indebled-
The above statement Is correct,
J. C. LEWIS, Cashier.
|50 000 »0
50 000 00—
Austin Insurance Agency
C. A. Erickson, Manager
• Phone 156 Ray City, Texas •
• at Progressive Hotel •
161 21S 14
3 750 00
IS 710 00
8 975 00
1 250 90
403 341 14
Loans and Discounts
Real Estate
Bills of Exchange
Furniture and Fixtures
Liberty Bonds and Stocks
Collections in Transit
Treasury Certificates of Indebtedness... .
Interest in Guaranty Fund
War Savings and Thrift Stamps
Cash on Hand and in Other Banks
Capital Stock....
Surplus
Undivided Profits
Deposits
Cashier s Cheeks
THE CHAMBER OF COMM! ROE !
HOLDS INTERESTING MEETING
Capital Stock—
Paid in
Earned
Surplus (earned)...
Undivided Profits .
Reserved for Taxes
Circulation
DEPOSITS
THE
SERVICE
THAT PAYS
WOMAN’S AUXILIARY
ELECTS OFFICERS.
L|
-
>55 000 00
5 100 00
20 842 60
222 157 09
13 645 88
move-
actual
%
JNO. T. PRICK LUMBER CO.
Phene SH
LI
7?
I
In
SAM’L J. STYLES AND C. A. ERICKSON, Owners:
Wm. E. AUSTIN ABSTRACT CO.
I
!
•’THERE IS NOTHING TOO GOOD FOR OUR FRIENDS”
neas
Stock In Federal Reserve Bunk
Banking House. Furniture and Fixtures
Other Real Estate
5 Per Cent Redemptlou Fund
CASH AND SIGHT EXCHANGE
120 000 (K>
Cash and Sight Exchange 229 570 24
>100 000 00
10 000 09
294 48
6 033 28
24 200 00
1 011 071 08
7 788 56
43 099 52
881 69
145 96
Bay City, Texas
Partisan*. to Call by the Commissioner of Banking at the Close of
Business on the 31st of December, 1918
Resources.
appointed to assist
Lewis in securing the balance,
committee will begin the
once.
Bay City is now working for every
possible enterprise and will soon have
this one going.
$104 535 49
11 LOO 84
39 100 00
1 814 85
21 190 77
1 638 00
41 000 00
2 460 28
603 71
93 301 63
Loans and
U. S Liberty Bonds
Other Real Estate
Furniture and Fixtures...
Interest in and Assess-
ment for Guaranty Fund
Cotton Acceptances
Collections in Transit....
U. S. War Savings Stamps
U. S Certificates of In-
debtedness
''it
a
^rvrincr RlrMic^c new styles, latest colors and materials,
opring Diouses Dresses-New silk dresses in printed chiffon,
* beaded Georgette and Taffeta,
Reliable service for Ford owners can only •
be had where experienced Ford workmen
using genuine Ford parts, or materials, have
charge of the work. This
is why we urge you to bring
your Ford cars to us when
it needs ‘'going over” and
fixing up. Careful atten-
tion given to your ear will lengthen the pe-
riod of its usefulness—prove to be money
well invested. We have every facility to
meet your wants and we give you the benefit
of standard Ford prices.
Personnel of Officers of Auxiliary to
Colorado River Baptist
AftNoelntlon.
d i
4 u
; d
D. P. Moore Dry Goods Emporium
At a meeting of the Bay City Cham-
ber of Commerce held last night the
question of a new and up-to-date iRnn
dry w’as thoroughly discussed. It was
revealed that T. L. Lewis, who has
been organizing the stock company
for the laundry had already subscrib-
ed over half of the required $25,000
and to facilitate the movement a com-
mittee was appointed to assist Mr
This
work at
At a mooting of the Bay City Cham- .
her of Commerce last night many |
topics of general interest wen- brought
up chief among which was the all- i
absorbing question of good and better i
roads
Upon investigation it developed '
that there are now outstanding in the '
county 8637,000 worth of precinct 1
road bonds. It was suggested that n
county election be hold to convert I
those precinct bonds into county '
bonds and after this is done to vote
a general county bond issue for a
sum to be designated later for the
Statement of Condition of
RH CITY RANK AND TRUST CO.
Bay City, Texas
at the close of business Dec. 31, 1918
GUARANTY FUND BANK
Resources.
Discounts 3363 710 54
10 000 00
20 315 00
4 600 00
Total $316 745 57
I Our endeavor i sto combine progressiveness and stability with promi-
sees and courtesy, assuring every legitimate accommodation
FIRST STATE BANK
Ji 4 per cent paid on Time Certificates of Deposit
to be designated later for the
purpose of constructing highways un-
der the State highway commission's
designation in order that the county I
might avail Itself of all State and
federal aid in countv highwav build-
ing
The improvement of the highway1
from Bay City to the Gulf Sulphur
Co.'s interests at Gulf also attracted
the attention of the members present
and several plans by which a sub-
stantial highway connecting Bay Chy
with the sulphur fields were sug-
gested and discussed. Mayor John I
Sutherland and C. M > O'Brian, secre-
tary of Chamber of Commerce, held
a consultation with Col Mud and Mr I
Aldridge of the sulphur company yes-
terday and reported the results of
this interview lu-t night. While noth-
ing definite resulted the consensus of
opinion was that a concerted
ment having to do with the
construction of this imjmrtant high-1
way would lie brought to a focus tn
the early future.
Tli<’ sulphr company hns already
graded the highway from the field to
the main road connecting Bay City ]
nnd Matagorda County, so all that is '
left to do now is to properly mir-1
face if
It developed, nt this meeting, that .
the people are strong for good roads L
with the Chamber of Commerce taking ■
the initiative in all moves for the bet- _____
terment of the condition of the high- ----
ways In all parts of the county.
. —* o—o----------—
(II AMBER OF COMMERCE
BACK OF LAUNDRY MOVE
6 Mel AU.
Ford 7,500 Miles-Large cars 6,000 Miles
fires are hand-made and are guaranteed on
the following basis:
Committee Appointed to isslst
Raising Balance of Slock.
Liabilities.
Capital Stock $65 000 "0
Surplus Fund 5 000 00
Undivided Profits H 638 82
Deposits 711 999 50
Dividends Unpaid 4 960 00
Reserved for Taxes 1 413 19
Wharton Spectator.
The Colorado Auxiliary met in Co-
lumbus on February 12 for the pur-
pose of electing officers for the en-
suing year, and the followin', is the
list of those elected:
Mrs, R. A Armstrong. Wharton,
president; Mrs. W. C. Babcock, Ixiu-
ise. first vice president; Mrs. W. G.
Rudder, El t'arupo, second vice pres-
ident Mrs. F O. Norris, Eagle Lake,
third vice president; Mrs. J. L. Neal,
Wharton, corresponding secretary and
treasurer; Mrs. J. J. Everett, Alley-
ton. recording secretary; Mrs. Claude
Davis, Glen Flora, chairman of Juve-
nile work; Mrs. Will Wirtz. Columbus,
chairman personal service; Mrs. M.
H Elder, Palacios, chairman mission
study; Mrs. A. B. Cairnee. Palacios,
chairman Y. W A Additional mem-
bers of the executive hoard named
are Mrs. M. R. Bolton, Wharton: Mrs.
J. O. Boettcher, Weimar; Mrs. 8. K.
Seymour, Columbus, and Mrs. Wm.
Cash. Buy City.
............O—O— — —
Patronize Tribune advertisers.
They are now all the vogue. We have a splendid
assortment of all the models in serge and gabardine.
tft I VUZI
? a' v
nJ
^7/
W/
McCall
STUDY YOUR INCOME TAX
I t ied persons and heads of tamillea iul
! excess of $1,000 Taxpayers whose
Li l net income exceeded the amount of
tlie exemptions provided tor by the act
of 1916 were taxed under both the
1916 and 1917 acts.
Tliis year the taxpayer has only one
act to consider. The normal rate of
tax under the new act is 6 per cent on
the first $4,000 of net income above
the exemptions, and 12 per cent on
on tiie remaining net income. Tills
applies to citizens and residents of
tiie United States. Income from prop-
erty in the United States owned by
non-resident aliens is subject to the
full normal tax of 12 per cent For
1919 and subsequent years the rates
ate fixed ai 4 an d8 per cent respect-
ively. Tiie surtax rates have been
changed, ranging from I per cent of
tiie amount of the m t income between
$5,000 and $6,000 to 65 per cent of the
amount by which the net iucoine ex-
ceeds $1,000,000.
The single man with a net income
for 1918 of $2,000 will pay this year a
tax of $60, the man with an income
$3,000 will pay $12", the $1,000 man
will pay $180 and tiie $5.00" man will
pay $240, all at the rate of 6 per cent
on his net income above his personal
The single man
with an income for 1918 of $6,000 will
pay $370. He is taxed at tiie rate of
6 per ecu: on his first $1,000 above
the exemption and at 12 per eent on
tiie remaining $1,000. a total of $360.
In addition lie pay.- a surtax of $10.
one per cent of the amount ot his in-
come between $5,000 and $6,000.
The married man will pay $30 on a
net indnie of $2,500 in ex< ess of his
personal exemption, $60 on a $3.000i
income, $120 on a $4,000 income, $180
on a $5,000 income and $250 on a $6,000
income, which includes his surtax of
$10.
These figures are based on the in-
come of taxpayers without depend-
ent, otiier than husband and wife. The
taxpayer is allowed, in addition to
his personal exemption of $200 for
each person dependent upon for chief
support, if such person is under 18
years of age or incapable of self-sup-
port. Under the 1917 act the $200 ex-
emption was allowed only for each
dependent "child" of the person mak-
ing the return, ir, in the case of a
head of a family, for each dependent
child of the family. A head of a fam-
ily—one who supports one or more
persons closely connected with him by
tdood relation- p relationship by
marriage, or by a .option—Is entitled
to all the exemptions granted a mar-
ried person.
In his return the taxpayer is re-
quired to state specifically each item
of gross income. Gross income is de-
fined as "gains, profits and income
derived from sn|arles< wages or com-
pensation for personal service of
whatever kind and in whatever form
paid, or from professions, vocations,
trade, business, commerce, or sales or
dealings in property, whether real or
perslnal, growing out of the owner-
ship or use of such property; also
from interest, rent, dividends, secur-
ities, or the. transaction of any busi-
ness tarried on for gain or profit, or
(KI ((HUNG
POSTED.
---K_
The stary below is bused on the in-
come tax provisions ot the new reve-
I nue hill as they affect the average
'taxpayer, pointing out the changes
I between the new and tiie old law it
j is written for the man in the street "
Washington. D. (.' -Mr. Bachelor,
was your net income for 1918 Ji,000
I or more ?
Mr Benedict, was your net Income
fur 1918 $2,000 or more .’
If so. you are required to file an
income tax return with the collector
of internal revenue for tin* district in
j which you live on or before Mandi 15
Congress has carefully different lul-
led between the person who "fails”
and the person who "willfully refuses"
to make a return and pay the tax with-
I in tiie time specified by tiie new rev
enue bill. Delinquents of tiie first
class are subject to a fine of not more
than $1,000. Those of the second
class are subject to a fine of not more
■than $10,000, or imprisonment for one
i year, or both. For making a fraudu
lent return, the penalty is a fin*- of’exemption if $1.00"
not more than $10.0t*0 or imprison-
ment for one year, or hoth. and an ad
I d if (until assessment of 50 per cent of
the amount of tax evaded.
For failing to make tiie return on
time, in addition to tiie $l.mm fine,
there is an assessment of 25 per cent
of the amount of tax due.
Taxes may be paid in full at tiie
time of making the return, or in four
I Installments, the first of which is due
Ion or before March 15. the second on
* or before June 15. the third on or la -
fore Septetnber 15 and the fourth on
nr before December 15.
If any installment Is not paid when
due, the entire amount becomes due
ten days after demand therefor by the
■ collector. For failing to pay the tax
i when due there is a penalty of 5 per
cent of the amount unpaid, plus in-
j terest at the rate of 1 per cent a month
i during which it remains unpaid.
Last year income taxes were due on
nr before June 15. The bureau of in-
ternal revenue is seeking to emphasize
that this year, to avoid penalty, tiie
taxpayer must pay at least one-fourth
of his tax on or before March 15
With the passage of tiie new revenue
I bill the question of how properly to
j make out an income tax re turn for
. 1918 presents itself to millions of tax-
I payers. The answer to this question
' was obtained from the bureau of in-
! ternal revenue, the government's < ol-
■ lection agency.
The now revenue bill, as it affects
' individuals, differs materially from
the war revenue act of October 3, 1917.
and preceding acts. Probably the
most importtint change is the rale, the
exemptions of $1,000 for single per-
sons and $2,000 for married persons
nnd heads of families remaining the
same as under the 1917 net.
The normal rate of tax under tiie
act of 1917 was 2 per cent on the net
income of single persons in excess of
$1,000, and 2 per cent on the net in-
come of married persons nnd heads
of families in excess of $2,000. Un-
der the 1916 act the normal rate of tax
y. <r <
v
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Smith, Carey. The Daily Tribune (Bay City, Tex.), Vol. 14, No. 82, Ed. 1 Saturday, February 22, 1919, newspaper, February 22, 1919; Bay City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1362343/m1/1/?q=%22%22~1: accessed June 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Matagorda County Museum & Bay City Public Library.