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FACTS ABOUT INCOME TAXES.
Information That is V aluable to Those
Required to Make Returns.
The revenue act of 1921 provides
thdt an income tax return shall be
filed by every person, married or sin
gle, whose gross income for the year
1922 was $5,000 or more. Broadly
speaking, gross income includes ah
income received by the tax payer dur
ing the year from salary or wages,
or from “business, trade, porfession
or vocation,” dealing in property, or
the transaction of any business car
ried on for profit. Net income, upon
which the tax is assessed, is gross in
come less certain specified deductions
for business expenses, losses, bad
debts, taxes, contributions, etc.
Among the most important items
in the returns of many taxpayers are
the deductions for business expenses.
In the case of a store keper, they in
clude a reasonable allowance for sal
aries paid employees, amounts spent
for advertising, premiums, for insur
ance against fire or other business
losses, the cost of water, light, heat
and fuel used in his place of business,
drayage and freight bills.
A professional man, doctor or law
yer, may claim as deductions the,cost
of supplies used in the practice of
his profession, expenses paid in the
operation and repair of an automobile
used inmaking professional calls,
dues to professional societies, sub
scriptions to professional journals, of
fice rent, and the cost of fuel, light
heat and water used in his office, and
the hire of assistants.
The farmer may deduct all amounts
paid in the production, harvesting
and marketing and other expenses.
WELL-KNOWN FARMER DEAD.
Frank Jones Passes Away on Friday
Night Near Siler City.
Frank Jones, one of the best known
and well to do farmers in Matthews
township, died last Friday night at
ten o’clock at his home four miles
south of Siler City.
Mr. Jones, who was in his sixty
gecond year, had been ill for two
weeks an his death was not unex
pected to his relatives who were in
constant atendance upon him. The
deceased was never married but lived
devotedly with his mother, the late
Mrs. Emiline Jones, whose death oc
curred six months ago, therefore he
is the last of his immediate family.
Surviving are five nephews and five
The funeral services were held from
Hope M. P. church at Bonlee Sunday
at 2 o’clock and were conducted by
Revs. Thos. Andrew and Richard S.
LOCALS DEFEAT GOLDSTON.
Siler City high school defeated the
Goldston high school last Friday on
the local court in a rather spectacu
lar game, the score being 31 to 27.
Features of the game was the bril
liant playing of Cheek for the visi
tors and the excellent guarding of
Durham for the home team.
Line up was as follows:
Siler City (31) Goldston (27)
Siler City: Field goals—Small 2,
Headen 8, Jordan 1, Durahm 2, Fer
guson 1, Free tries 4.
Goldston scoring: Field goals—
Cheek 6, Wicker 4 free tries 7.
DEATH FATHER MR. FOUNTAIN.
Rev. Richard S. Fountain received
a telegram Monday announcing the
death of his father, who has been ill
for several weeks at his home in
Tarboro. Mr. Fountain and his fam
ily left immediately in their car to
attend the funeral which was held
Tuesday morning at 10 o’clock.
The Woman’s Missionary Society
and the Deacons of the Baptist church
at the place, of which Mr. Fountain
is the beloved pastor, sent beautiful
Hor&l designs and tokens of their
esteem and sympathy.
TRIP TO JONES AND ONSLOW.
Dear Editor:—We herewith give
you an account of our trip to Jones
and Onslow counties.
We camped in the swamps back
from any road, about five mlies, then
hunted and walked 5 miles through
swamps and mud and water, some
times two and a half feet deep, the
path zigzagging every course, and
sometimes through pine ridges of .the
finest timber in North Carolina.
Catfish lake is nine miles from
White Oak River and has a rise or
heighth at lake for river of 36
This land if drained could be made
to farm and would be as good as the
best land in the state. The land is a
black loam, sand underlaid with tough
This land can be bought for $5.00
an acre, and it is covered' with the
finest long leaf pine 40 feet to a limb.
We drifted from Catfish Lake to
Wallace Creek. Here we fished and
trapped for three weeks, catching a
lot of fine fur and eight hundred fish,
averaging a pound and a half each.
We caught these fish one night and
one morning. We lived well on fish
and game while in camp.
One man—a boat fisheman, caught
seven thousand pounds of herring
and trout one night in gill nets, set
in New River.
People dowm there are getting
ready for spring fishing for their sup
port during the year. .
It would raise the red blood in any
sportsman to be there for the next
well preserved as they ever were.
On Wallace Creek Lotd Cornwallis
<m his march from Wilmington to
Virginia, built a bridge across tms
creek and the cypress post tn
put in for the bridge are as solid a
well preserved as they ev€m
AT LAST A BIG COTTON MILL.
Foolem & Co., of Boston Massachu
There is to be a cotton mill estab
lished here with 25,000 spindles. It
is said that Foolem & Co., of Boston,
Mass., have purchased all the land
lying east if the railroad, south oi
the depot, and are to commence in a
few days to lay off a new town on
their property. A two-story brick
building 500 feet long and 200 feet
in width will be erected in the center
of the plat of land, and 400 frame
dwellings are to be built on the
squares or blocks. According to the es
timate each house will contain at least
five people, thereby increasing the
population about 2,000.
(Wouldn’t this be real good news
were it true; but it is not, because
there is no such cotton firm in Bos
ton or elsewhere. However there is a
good possibility of a cotton mill being
brought here. The editor is in cor
respondence with the development de
partment of the Southern railway for
the establishment of a cotton mill in
Siler City, and with the Seaboard de
velopment department for the estab
lishment of a cotton mill in or near
Pittsboro. When the proper time is
at hand, it all will put forth the prop
er energy and encouragement there
is no doubt but that a mill can be se
cured in both towns, and it is to be
hoped that there will be no stumbling
blocks, to say the least.—Ed.)
GAMBLING WEAPON FOR GOOD 7
Whether or not gambling can some
times be used as a weapon for good
will be the question up for decision
by those who go to see Frank Mayo
in his latest Universal starring,
“Caught Bluffing.” directed by Lam
bert Hillyer at the Gem theater next
Friday night, Saturday afternoon and
The hero of the story which is laid
in the Klondike during the mad rush
for gold, is a gambler more honest
than any man in all Alaska. In love
with a girl, who evidently loves him
but is hopelessly in the clutches of
a crooked mining prospector, the gam
bler offers to stake a fortune against
her freedom in a hand of a card
game. Edna Murphy plays the part of
the girl, and is said to score brilliant
ly in her difficult dramatic role.
Large Mouth Called Good Sign*
“She was simple enough to be sora*
what apologetic about the largeness of
her mouth, unaware that a man of ex
perience flees from a small, rosebud
mouth as from the devil, and that a
large mouth Is the certain sign of good
will and understanding in a woman.”
“She went to the Wallace collection
and saw how millionaires lived in the
70s and how the unchaste and lovely
ladies were dressed for whom entire
populations were sacrificed in the Sev
enteenth and Eighteenth centuries.
Thence to a cinema near the Marble
arch, and saw how virtue infallibly
wins after all.” —From “Lillian,” by
IHAVEYOUR EYES EXAMINED j
BY AN EXPERT—COSTS NO I
MOil I'. 1
I Dr. J. C. Mann, the well known!
eyesight Specialists and Optician j
will be at Dr. Farrell’s office, Pitts-!
boro, N. C., every fourth Tuesday!
in each month. Headache relieved!
when caused by eye strain. When*
he fits you with glasses#you have!
the satisfaction of knowng that!
they are correct. Make a note of|
the date and see him if your eyes!
are weak. |
His next visit will be Tuesday,!
German Resentmcait Against French
* This first and exclusive picture shows German resentment against
1 - ~ich invasion of the Ruhr, taken as thousands crowded the square
around the Bismarck monument on King’s Pi:t e in Berlin. German
pouee could not control the crowd width-was i . r ‘<l ro the point of
demanding war. ' - u
BRIEF, INTERESTING FACTS
Figures and Historical Mention
From Dearborn Independent.
A 13-year-old Ogden, Utah, school
boy has trained a wild cat to follow
him to school each day.
Perfumes, which still retained their
scent after more than 3,000 years,
were found in four alabaster vases in
the tomb of King Tutankhamen in
For the first time in the history of
Pennsylvania a woman was named a
member of the governor’s cabinet. The
position is Commissioner of Public
Three of every 10 persons living be
tween Fiftieth and Twenty-eighth
streets in New York City are drug
addicts, according to a prominent phy
sician formerly attached to the state
Five caterpillar motor cars crossed
the Sahara, traversing the 2,000 miles
from Tugart, Algiers, on the north
coast of Africa, in 21 days. It re
quires at least three months for
camels to make the same journey.
Modern Turkish girls no longer live
secluded lives. They are working in
offices, some as bank clerks, some as
bookkeepers. Many are studying
medicine and electrical engineering
and others are going in for agricul
ture. All are preparing for careers of
The gannet, a bird living on fish
in Northern Scotland is frequently
caught by means of herrings tied to
flat boards. The fisher bird sees the
fish but does not notice the board.
Diving from a great height it strikes
its head against the plank, killing it
The Sahara Desert embraces more
than 3,500,000 square miles, being
nearly as large as the European main
land. This desert is famous for its
extensive trade in musk, gum, dates,
alum, hides, spices, cotton, palm oil
and ostrich feathers. It supports a
population of 2,000,000.
You can’t be healthy,
happy or even good
when you’re nervous
Every organ of the
body is controlled by
When they’re out of
order you're liable to
have a nervous or phy- .
sicial break down.
Dr. Miles’ Nervine
soothes irritated nerves
and gives nature a
chance to restore them
to their normal func
Sold at pre-war prices—
sl.oo per bottle*
r.o'ecules on Thnr Travels.
Each molecule of the prases of th
ulr in the house on a still day is trave’
:ng faster than a .rifle bullet and u
turned from its course 5.000.000 O(X’
times every second by collisions with
other > n fbn •»?“
1 . V.
IWst tfrldett price;*
Who gets the best prices for his
tobacco? Why, the farmer who
brings in the best grades, of course.
If you use high grade fertilizer intel
ligently, you will not only make a
bigger crop, but your tobacco will
f be of a better grade than usual, and
will mature earlier.
There are just two things to re
member in using fertilizer for making
better grades; first, put your trust
in a reliable, dependable old brand
like Royster's; second, use enough to
get the best returns. Os course, no
brand is a substitute for good culti
vation and care, and unless you are
N the kind of farmer who gives his to
bacco good farming brains, we’d just
as soon you did not use Royster
Royster’s tobacco fertilizer is a
scientifically balanced food, made
from the best materials obtainable in
the whole world, and skillfully com
pounded in just the right proportions
to fill the requirements of the plant.
It is not the cheapest fertilizer, but
Lynchburg Tar boro
Field lested Fertilizers
* « %
■■■■ M. ■■■■■ M !■■■„ _ 1,-'-' ""I - ——«■■■■■■■■ —l __
(AUDITED BALANCE SHEET jt
Citizens’ Bank and Trust Company, |
SILER CITY, N.C. S
JANUARY 1, 1923. * , S
Cash in Bank $ 12,673.40
Due from Banks 28,681.87
Loans 1 493,182.81
|H Total Current Resources $534,699.03
i Fixed Resources:
Banking House & Fixtures—? 11,914.11
Other Real Estate 7,000.00
Total Fixed Resources $ 18,914.11
Total Resources $553,613.14
1 AUDITOR’S CERTIFICATE. §f
We have audited and examined the books of The Citizens Bank and Trust Company H
Siler City, N. C., as of January Ist, 1923, and have submitted to its officers a detailed Au- nj
dit Report thereof, which is, in our opinion, properly drawn up so as to exhibit a correct
view of the financial position of the Bank at the date named correct
The Cash and Due from Banks was verified by actually counting the Cash ,and by rec- 5?
onciliations with the various correspondent Banks. iftj
The Loans were listed by name, due, date and amount, and are shown in detail in our vl
Ml We considered the book value as set up to be a reasonable amount for the other Re- ftl
Ijjj sources shown.
Ifg All outstanding Liabilities were verified by the records of the Bank and found to agree M
>«■' No further verification was practicable. * * * IJI
'' ... XT ~ FREDERICK MOOLE, C. P. A. (S.G.) M
Charlotte, N. C. ~ Os Scott, Chamley & Co. , Hts
Jan. 26, 1923. . Certified Public Accountants. jjfjj
Attest: KNOX W. HENRY, Office Examiner.
v Upon the strength of the above statement and the backing of a strong Board of Direct- $1
ors, we continue to solicit your banking business, promising you every safeguard consist
ent with sound banking. j|j
MSS IK 1 111 COMPANY I
| GULF, N. C_ - - - SILER CITY, N. C. |
<.iici <i a mararon
ir. wii <*h the vvinne
v iMCO ynVds of the stuff
> v of a mile ahead of his
•) .. ' ' «-o »*«'••.fpgs with reluct
it is as closely priced as the quality
of its contents allow. Nearly 40 years
experience in the fertilization of to
bacco guarantees the rare merit of
Read this experience of a good
“Two croppers had five acres each
in the same field with nothing be
tween but truck row. One of them
used Royster’s and the other used
fertilizer of another manufacturer;
the land was prepared at the same
time and in the same way; the same
quantity of fertilizer per acre was
used and put out the same day;
plants were drawn from the same
pits on the same day; "set out by
the same planter and the hands; cul
tivated alike; cured in the same barn
by the same man; graded and sold by same
parties. The tobacco grown with Royster’s
fertilizer sold for $625.53 more than that
grown with other fertilizer.”
W. L. Matthews, Farmville, N. C.
See that the famous old FSR trademark
is on every bag. It is like sterling on silver.
F. S. Royster Guano Company.
To The Public: m
Individual deposits 4 $168,562.86 m
Certificates of deposit 275,165.73 1®
Cashier’s Checks 3,000.47 w
Total Liability to the public —5446,729.06 gSi
To the Stockholders: ¥
Capital $ 75,000.00 m
Surplus 7,000.00 . W
Undivided Profits 5,566.58 (m
Total liability to Stockholders ..$87,566.58
For unearned Discount $ 4,000.00 m
For dividends 6,000.00 m
Accrued Int’rs’t due depositors 8,000.00 W
For taxes 1,317.50 m
Total Reserves $ 19,3J7.50 (m
Total Liabilities $553,613.14 M
■«t • • -v .tsiom.
The folklore of the primitive peo
ple of West <Vntral Africa is full of
wit. as the following show: “Mutual
love is often better than natural broth
erhood.” *Td rather be poor thaD a