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IMPANY
VOLUME
THE
NUNBER
Devoted to the Upbuilding of Vass and Its Surrounding Country
SUBSCRIPTION $2.00
VASS, N. €., FRIDAY, JANUARY 6, 1922
PRICE FIVE CENTS
LUXURY TAX REPEALED
In response to numerous inquiries,
taxpayers are advised that certain
taxes, among them the so-called
“nuisance” and “luxury” taxes, are re
pealed, effective January 1, 1922, by
the Revenue Act of 1921.
Patrons of soda-water fountains,
ice cream parlors ahd “similiar places
of business” no longer are required to
pay the tax of 1 cent for each 10 cents
or fraction thereof on the amount ex
pended for sodas, sundaes, “or similiar
articles of food or drink.” The small
boy may rejoice in the fact that an
ice-cream cone doesn’t cost an extra
penny. The tax imposed by the Reve
nue Act of 1921 is on “beverages and
the constituent parts thereof” and is
paid by the manufacturer.
The tax on the transportation of
freight and passengers is repealed,
effective January 1, 1922, also the tax
paid by the purchaser on amounts
paid for men’s and women’s wearing
apparel (shoes, hats, caps, neckwear,
shirts, hose, etc.) in excess of a speci
fied price.
Taxes imposed under Section 904
(which under the Revenue Act of 1918
included the taxes on wearing apparel)
are now confined to a 5 per cent tax
on the following articles: carpets, on
the amount in excess of $4.50 a square
yard; rugs on the amount in excess of
$6 a square yard; trunks, on the
amount in excess of $35 each; valises,
traveling bags, suit cases, hat boxes
used by. travelers and fitted toilet
cases, on the amount in excess of *$25
each; purses, pocketbooks, shoppini^
and hand bags, on the amount in ex
cess of $5 each; portable lighting fix
tures, including lamps of all kinds, on
the amount in excess of $10 each;
fans, on the amount in excess of $1
each. These taxes are included in the
manufacturer’s excise taxes, and are
payable by the manufacturer, pro
dlicer or importer, and not by the
purchaser, as required by the Revenue
Act of 1918. The manufacturer may
reimburse himself, by agreement with
the purchaser, by quoting the selling
price and tax in separate and exact
amounts, or by stating to the pur
chaser in advance of the sale, what
portion of the quoted price represents
the price charged for the articles, and
what portion represents the tax.
The taxes on sporting goods, (ten
nis rackets, fishing rods, baseball and
football uniforms, etc.,) are repealed,
also the taxes on chewing gum, porta
ble electric fans, thermostatic contain
ers, articles made of fur, and toilet
articles and musical instruments.
•
The tax on sales of jewelery, real
or imitation, is 5 per cent, and is paya
ble by the vendor. The tax on the
sale of works of art (paintings, sta
tuary, art porcelains, and bronzes) is
reduced from 10 to 5 per cent. This
tax, payable by the vendor, applies
except in the original sale by the ar
tist, or to an educational institution
or public art musemm, or a sale by a
recognized dealer in such articles to
RED CROSS REPORT
I
RED CROSS MEETING
j
The January Meeting of Moore county
Chapter American Red Cross will be held
at the Methodist church at Vass, Sunday,
January 8th, 1922, at 3 p. m. Annual elec
tion of officers. The public is invited.
LUCILE M. EIFORT, Sec’y.
NEWSPAPER CONSTITUTES
TOWNS ARCHIVES
“Can you tell me the date the Bap
tist church burned—I mean, of course,
the famous fire that all the old inhabi-,
tants talk about?”
The librarian looked up from her
work. “No, I can’t tell you the exact
date, but I think I can find it for you
quickly, for we have files of the local
paper since it was started. My im
pression is that the fire—^the big fire
as they call it—^was abput 1873, and
it won’t be a very long job to look it
up.”
She went to the stacks in the rear
of the library, pulled out a dusty
bound volume marked “Herald, 1873,”
and spread it open on the table. “Ah,
here it is,” she said, after a minute
spent in turning over th^ yellow
leaves.
The person who had inquired for the
date, a member of the Woman’s Club
of the town, sat down and read the
article. “This gives me exactly the
information I want,” she said.
“I thought it wo»uld,” said the li
brarian. “I fear most people do not
appreciate how valuable is the local
newspaper from the viewpoint of local
history. In fact, it seems to me that
it is about our only source. Only
when an event gets into print is it
officially recorded and filed for refer
ence. Flimsy as it is, the printed
word of today is the counterpart of
the ancient stone inscriptions that
give us records of a long ago yester
day. I consider the bound volumes
of the local paper our most valuable
possession.”—Publisher’s Auxiliary.
another such dealer for resale.'
When payable by the manufacturer
or vendor, taxes must be in the hands
of the collector of internal revenue on
or before the last day of the month
following the month in which the sale
was made.
Following are forms for making re
turns and regulations relating to
taxes, which may be had on applica
tion to offices of collectors of internal
revenue; manufacturers’ excise tax
Form 728, revised. Regulations 47, re
vised; tax on works of art and. jewel
ry, Form 728 A, revised, Regulations
48, revised; tax on beverages, Form
726, revised. Regulations 52, revise^.
TREASURY SAVING CERTIFI-
CATES
Official announcement has been re
ceived by the postmaster at Vass, N.
C., that the interest rate of Treasury
Savings Certificates has been increas
ed to 4% per cent. The higher rate
goes into effect on the 1922 issue of
the certificates placed on sale January
1st at the local post office.
Increase of ‘the interest rate on
this class of government securities
means that Uncle Sam will really
sell $25 certificates for $20; $100 cer
tificates for $80, and $1000 certificates
for $800, provided the purchaser or
recipient holds the security to its five
year maturity date. Another feature
of the new certificates is the fact that
individuals and corporations will be
permitted to purchase and own as
high as $5000 worth of the securities
by virtue of recently enacted legisla
tion. The previous limit was $1000
and the former interest rate 4 per
cent.
The Treasury has concentrated on
the new securities, eliminating the
twenty-five cent thrift stamp and the
$5 war savings stamp after Decem
ber 31, 1921. Sale of the $1 treasury
savings stamp will be continued to
provide an easy method of regular
saving for conversion into Treasury
Savings Certificates.
New reglations provide also that
postal savings may likewise be con
verted into Treasury Savings Certi
ficates under a combined plan of sales
between the Treasury and the Post
Office Departments. The certificates
offer ideal investment opportJunities
up to $5000, as they are exempt from
jetll state, county and local taxes and
the normal income tax.
“No safer investment can be found
than these certificates for the indi
vidual who cannot afford to run the
risk of loss. These securities are
guaranteed both as to principal and
interest by the resources of the United
States Government and are not sub
ject to market fluctuations,” said
Howard T. Cree, Director of the
Government Savings Organization.
Annual Membership Roll Call Report
for Moore County Chapter,^
American Red
Cross
50 cents of each of the Annual,
Contributing and Sustaining member
ships goes to the Southern Division
Headquarters. 50 cents of the an
nual $4.50 of the Contributing and
$9.50 of the Sustaining memberships
are held in the chapter for local work.
The full amount contributed for chap
ter work is kept locally.
Annual
Aberdeen 124
Carthage 113
Cameron 30
Eagle Springs 21
Eureka (Farm Life School) 23
Glendon 9
Hemp , 4
Jackson Springs 9
Lakeview 20
Niagara 13
Pinebluff 73
Pinehurst 201
Southern Pines 296
Vass 38
West End 17
Colored — 24
Contributing
Aberdeen 2
Pinehurst 13
1015
$10.00
65.00
15 $75.00
S>u6taining
Pinehurst 6 $60.00
Chapter Work
Aberdeen $ 1.90
Carthage 25.00
Eagle Springs 23.00
Niagara 50
Pinehurst 23.00
Southern Pines 54.00
$127.40
Total
Annual 1015.00
Contributing 75.00
Sustaining 60.00
Chapter Work 127.40
In some coal fields they’re going to
work the mines at night, but this
won’t stop the mine owners from
practicing daylight robbery.
1277.40
Per Cent for Chapter
Annual $507.50
Contributing G7.50
Sustaining 57.00
Chapter Work 127.40
$759.40
Per Cent for So. Division
Annual $507.50
Contributing 7.50
Sustaining 3.00
Chapter Work, none
$518.00
7^ cents from Carthage for Junior
Red Cross Fund.
Respectfully submitted,
Mrs. LEONARD TUFTS,
Roll Call Chairman.
B. U. RICHARDSON,
Treasurer Roll Call.