Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 19, 1921, edition 1 / Page 8
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Wa . -V nlTT TT i u ni COMMENCING PROMPTLY AT 10:00 A M. VALUABLE SOUVENIRS AND PRESENTS iWILI? BE :DISTRffiUTED AT EACH STOPPING PLACE I r 1 AT 10:00 A. M. We will sell that valuable Front street business property opposite the City Market, in the heart of the Market District, being , formerly the Fales: properly, 47 feet frontage with buildings thereon, but will be sub-divided into three lots, two,of 15 fet frontage and one of 17 feet frontage. This property runs back 90 feet to an alley. It is rented to good tenants, but possession can be hadi if desired ftiy giving ; 30 das' notice. iYoii cod not put ur both from rental standpoint and from standpoint of future increase in value. Easyterins.; AT 11:00 A. M. We will sell one of the best speculative; investment propo- sitions in.the citybeing an entire city block except one lot sold, be- . tween Twelfth and Thirteenth and Wright and Meares streets. This property can be sub-divided and sold in builng lote on ea and the seller Would realize a profit of 200 per cent on his investment, and if he is inpositibn to build some small, new houses to sell on easy payments, thereisio limit to the profit that can be made on the block. All real estate men should take notice of this one; it is going to sell worth the moneyi too! Good terms. Do not forget that the section in which this bldck is located is rapidly, growing a number of new indus tries being hard by. AT 11:30 A. M. Six residence lots on Sixth street between Meares and Mar stellar, only one block from the new Presbyterian church. Pick these up for investment, or for a home site. Easy terms, of course! AT 1:30 P. MlAIn Carolina Heights, corner lot at Twentieth and Princess streets, 70x165; also a lot 74x150, cor. Twentieth and Chesnut streets. A 15-foot alleyway between the two lots. The very place to build that new bungalow that you have been planning so longl Terms, only one third casli, balance in one and two years. This location speaks for it- self. ' . z' ' . ,: ;; -V;--: v AT 2:00 P. M.--rThat elegant lot,.one of the best in the city, fronting on Market street, between Seventeenth and Eighteenth, with southern V exposure, only one door from the cohier of Seventeenth and Market, 50x150. This lot is between two handsome homes, the Emerson home and.the Hall home. If you are the fortunate purchaser of this lot, andput that new home on it, it would take a lot of money to move you, as the ldcatioft is ideal in .every respect, and you do riot have to take . chalices oh whit sort of a house is going to be built next door to you4 The neighborhood and surroundings are already established. AT 3:30 P. M. We will sell three lots, "each 33x150 feet, on Fourth street, near Kidder. These lots are only one block from-the car line; are on the boulevard, and m rapidly growing section of the city, yery easy terms on these lots. All Real Estate Owners, as well as prospective buyers, should attend this sale; by doing so you will keep in touch with the market We .welcome your presence as a spectator or as a buyer. For further information about these" projperties, see O. T. Wallace, Wi. M. Nicholls or John V. Fergus. We have room for two more pieces in this sale. See us Monday. TELEPHONE No. 183 411 MURCHISON BUILDING i - v.-V SUGAR SCHEDULES ARE PRESENTED COMMITTEE Old-Time Row Between Pro ' ducers and Kefiners;of Sugar Breaks Forth : WASHINGTON, Jan. lS.Criticism of -the government's methods of sugar distribution during the war, together with , a practically unanimous appeal ; of cane sugar, growers for a protective duty, marked consideration ' , by the house ways and means committee to - day, of revision of the Underwood tariff act as it applies to sugars, molassea ' and syrups. s ' Practically the entire day was given .oyer to testimony of conditions in the cane belts of the south, but representa tives of several refiners, among them former Representative John J. -Pits- .--gerald of New'Tork, were included In the witnesses, and they stirred up the old-time strife between producers and r,-. refiners. . Mr.; Fitzgerald declared that the gov ernment's policy during -the sugar , shortage last year had been such as to penalize the whole nation in order to favor Louisiana producers. . "If , the government had " bought the Louisiana crop," he said, "it. could have given it away, saved those people whom ; It aised as an excuse for the price fixed, , ana savea me rest ot the country mil- lions of dollars." , t R. E. Milling of New Orleans, repre y 'senting the growers, retorted that the ( refiners had sought to get-a grip on . the augar industry "and make the peo , pie pay for it." , Earlier In the day the committee had heard the request of a delegation from Porto Rico for a tariff on sugar that , would enable them to continue an in dustry, which they described as basic ins the life of the Island, ; Pew of ,the witnesses representing - (either the producers or the manufac turers of raw cane sugar attempted to suggest a. specific rate of duty; All . wre content with asking the commit ted merely to give them "ample protec tion.'? The argument advanced was that cane sugar was an important ad , dition to the national sugar supply and 1 therefore its production should be en c6araged. ' Statement were made to the effect that the industry would die , unless some protection were granted. The committee also' heard- Frederick' j; Bates, chief of the sugar division of the federal bureau of standards, who urged a re-drafting of the sugar sch4 ule so that "archaic and old fashioned methods" of assessing the duty would , 'be eliminated,-' Mr.; Bates, who was called by the committee, declared that the method i now used was" adonted ( among; the earlier tariff ; (schedules of the nation's history, and . never had ; ' been changed. . , , ; . : v.- The witness also, suggested a 'pro hibitory ' tariff on, rare sugars, which are used ; almost -entirely, . in medical work.;: lie termed as "Infants the in dustries manufacturing. "these products', - and warned the committee, that unless they'fwere protected e revival of th German production .Would stifle theso Fads on L ncome i ax plants.- In computing net income, 'a deduction for business expense or a disburse ment or; Carge must have " certain qualities in order to be allowed. It must relate to a trade, business, pro fession, pr vocation "carried on' by the taxpayer in which he has invested time and money , for the purpose -of .a .liver lihood or profit. A single transaction or a series of isolated transactions do not ordinarily constitute trade or bus iness. A business is feeing carried on by its owner, even though all its ac tivities may be conducted by employ ees. ' A taxpayer may carry on more than one business -or trade if he devotes sufficient-time and attention to. each enterprise,, and may claim, as deduc tions the business expenses of each. Mere investment of capital, however, is not sufficient to allow such claim. For example a manufacturer buying stock in a mine or oil well who de sires to visit the scene of operation may not claim as a deduction the cost of his Journey. ' ' ' The deduction must be a "business expense" and not an "Investment of capital." Amounts - expended for - the erection of new bjilldlngs, installation of ; machinery and the purchase of tools or implements of permanent value do not constitute business expenses, being merely; a change in the form of capital and not a reduction Of wealth. Expenditure ' for - property which Is used up In the course of the year may be deducted, as a business expense. . Salary OeAneftOMi i The law provides for the deduction as a business expense of a "reasonable allowance for salaries and ; other corn pen station for personal services actually rendered." , Such claims i-aro ' subject to careful scrutiny : by the bureau of Internal revenue,; and to be allowed must conform strictly to the wording of the statute. The test of deducti bility is whether the amounts paid are reasonable; and whether they are, in fact, purely ' for person! , services. Reasonable : compeatlon is held "toy the bureau to meanEKly such amounts as would ordinarily 1e paid ' for llk.e seirvlces by like enterprises in Hk circumstances. . - Claims , for deduotlons. for salary payments are' allowed only when . the compensation ' Is "for services actually rendered;' and for no other considera tion. For example, should t stockhold ers of a. corporation , draw salaries irt amounts .which bear a close relation ship, to their stock holdings, and if such payments are found to bo In, ex cess of : a reasonable ,r allowance- for services rendered, the excess would be regarded a a . distribution of profits uhder tlfc guise of salaries. '. ' v, V ; Complete .Beta' Relre Each year's returns,) both as to gfoss income and . deductions therefrom should ,be compete In itself, and tax payers .a're expected , and required to make cvirv &aon.bI - effort! ta as- Certain the , facts necessary to make a correct return.' . Expensei, ? liabilities, and deficits, paid or incurred in 1919 or prior years for which no deductldns were claimed,. In the return: for those years, can not, be included la the 120 return. , Losses by theft or. embezsle ment sustained In one year" and dis ooverd In-. Another -aro deductible only for ? the year'fof 'thelr occurrence. 4ilf a taxpayer, discovers i loss sustained. In a prior year,' he . may ; render . an amended retnrn for that year' and file ; claim ; for1 refund of .the .excess taac paid by reason of his failure to deduct such loss In his original return. Claim for deductions for "personal, family, or living expenses," which are expressly disallowed by the revenue act, are not infrequently found in the returns. Such' expenses Include rent paid for a home, wages of servants, cost of food and .clothing for the fam ily, education of children, cost of up keep of automobile used for -pleasure or convenience, and all Items connected with the maintenance, well-being, and pleasure of the taxpayer and his family. - ' - ; DUNK DISTRICT ACTIVITY Nathan ? Johnson an d J.. W.1 Drau gho n were chosen . directorsi,:phalrma7i ' of the various committees have not .been named. ". ' . .' GREEK IS HE-ARRESTED Chamber of Commerce Hears Erwia and Others W.: A. Johneoa of Rocky Mount Not Through . With Killing - (SpIaiTnefStar) :,;- ROCKT MOUNTJan- 18. After hav ing been released , by Recorder Lan caster last Friday night when1 he was given a preliminary hearing oh a charge of murder in connection with the fatal ' shooting of Percy Cooper, negro porter In a local hospital, T. Lt. Johnson, Greek restaurant proprietor, was again taken into custody by offi cers, the charge against him .having (Special to The Star) DTJNN, Jan. IS. With ample finances and an enthusiastic membership' as-! sured, Dunn'a chamber of commerce ; will continue: to function and work for the advancement of the community . known as "Dunn District." This was, made certain last night in the annual ' meeting of the organltatJon's member-', ship when William A." Erwin, head of the Erwin chain of cotton mills, fol-; lowed Secretary T. I. Riddle's annuaf report with a strong plea xf or continu ance of the '.'great work so well begun.".' , Ellis Goldstein was re-elected presi dent of the organization, and ' T. Lt. Riddle was again chosen as secretary. Mr. Goldstein; V. L. Stephens, Dr. J. R. Butler. McD. Holliday, J. I Wade, M. C. Butler, A. I .Newberry, R. It. God win, C.I Wilson, J. W. Purdie, G. M. fT.ilghman, Marvfn-Wade, B. P.t Davis, been shifted' to read "secret assault" in the warrant. Johnson was released under 2S0 for his appearance tomorrow afternoon at 3 o'clock when he will be" given a hearing before Magistrate G. "B. Cooper. ' . . ' . -y, : -, '; GREENSBORO BUILDING CRAFTS TO VOTE ON WAGE REDUCTIONS (Special to. The Star) GREENSBORO, Jan. 18. Each local union of the building trades here is to vote at called meetings on whether' or not it will accept -the reduction of 20 per cent In wages which the builders of ( Labor union has directed that this vote be taken, and that it be reported to the Central union. . ' ' " . k Builders treat lightly the announce ment that the unions themselves, be come contractors, and eliminate the "middle man," pointing out the, lack of financial backing. They further "de clare that if labor leaders here persist in their present attitude, they can im port hundreds -of unemployed "men who will be glad -to work af the 20 per cent : reduction under wartime prices. J Read Star Classified Ads. ASTHMA No cure for it. but welcome ' relief it often brought by . v VAPORUD Ova 17 MlUlm Jan Utcd Yearly No manhas ever permanently prospered who has not consist ently saved. A. savings account in this bank is one of the easiest and most profitable way to save. ' " ' ' . 4 PER CENT PAID ON DEPOSITS Citizens Bank and Trust Company . v , ;v Opposite Postoffice - COMMERCIAL AND SAVINGS ' ECZEMA ITCHED Ai. BURNED r" 1 J'aMBMBsWSSBBSBSBSSB) In' Blisters. On Face 'and Handsputicura Heals.' 1 " Ecrema broke out in little biittert on my lace and hands arid itched and burned so intensely that I scratched and irritated the affected :', parts. -1 could hardly bear ta put my bands an watef , and could not do my reguV larwork. My lace was much dls-: floured, anff X lost a lot of rest at' - nirht because of the irritation. ' i7t I began uslnr Cuticura Soap and, Ointment and after using one cake of Soap and one box of Ointment I was completely healed, in one month.'.' (Slrned) Luther Stephens, R. VD. 4, Box 55. Raleigh, N. p.. July37.1?20,x (1 ' , ? Cuticura Soap, Ointment and Talv cumareideal for every -day toiktuses. ZZTZrU,- X.lUUtoa , Uum." told -mim-vi: l-TCnticarm So faT with eat snts. Girls! Have the Long Beautiful Hair that is Rightfully Yours. I : side V? "'nt! Why "delay? Why deliberately. sidestep attractiveness when it is so SI - easily available and means so much? i.U,.-; 'Rpjmt.ifiil hair mav he wtaind . or retrained with s , JfHbBroijTfcrpicldc Htpicid will positively remove ' i'all traces of dandruff, stop itching u scalp ' and- prevent falling hair. . Thousands report a new growth' of ' hair after its use.. see how quickly your friends the perfect luster;, the nat-; sheen and the added beauty of , hair after you have used Nmto- " Herpieidm but a short time. Of f ,Do you want lustrous beautiful ir vm iair;. .men use nmrptcta ioaay ' f r ; ' ' iTou t will be surprised and dV WOcW., or coin T"1 --r.; , &XTkl2mh2hr,: W recommend Hrpiclde uJihSJj'' i AJJ""'m Ti JSoap.. It is a safe, pleasant an d Detroit, . 7 Michiw. effective shampoo. W. i'ieV'-' will note ti, .r, lt" uralshee 3 Applications at the Better Barber Shops. ' V OAT The event in whifli pur complete collection of feminine apparel for the winter season is now placed on sale at LESS u:THAN i2 t - - i . PRICE . . lra i W V, f "iff , - : ; CATARRH of the BLADDER relieved in "24 HOURS Each Cap- Ol sole bears the Wllffl name ?" V Bewartof counterfeit! I C3SK5S3Ss9SSBSSSBasSMSaSSS' ' i " .: m., .. ... . ... . ' ' ' . i 1 :'';' . :. c . j
Wilmington Morning Star (Wilmington, N.C.)
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Jan. 19, 1921, edition 1
8
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