Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 6, 1946, edition 1 / Page 12
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MANY FACING TAX DATE ON JAN. 15 Bv ALEXANDER R. GEORGE WASHINGTON, Jan. 5.—tffl— Many Americans have a little business to transact with Uncle Sam by January 15. That’s the last day for filing final estimates of 1945 income tax and for mak ing the last quarterly payment of estimated tax. Persons who must make tax es timates are largely farmers, busi nessmen, storekeeper, investors, lawyer, doctors, domestic work ers and farm workers. The vast majority of wage earners don’t need to pay any attention to Janu ary 15 because they are not re quired to make tax estimates. Most persons in the tax estimat ing class were supposed to file their first “guess” of 1945 income tax and make a quarterly pay ment last March 15. Similar pay ments and revised estimates (If necessary) were due June 15 and Sept. 15. The January 15 declaration gives the taxpayer an opportunity to correct h's previous estimates and pay the final installment oi estimated tax. A January 15 estimate is not re quired from taxpayers who made a previous estimate unless they wish to revise, or amend that es timate. Likewise, if the estimated tax already has been paid in full, obviously no payment is required on January 15. However, for most farmers the January 15 estimate will be their first on 1945 income. Farmers whe receive more than two-thirds oi their income from farming are al lowed to postpone their estimate of 1945 income tax until then. Moreover, if they file their regu lar 1945 tax return by January IE and pay the tax due, they car to withholding. On the other hand, if your wages were $2,500—or any other amouni —and you received more than $10C from dividends, interest, rents oi other sources apart from wages you were required to file a decla ration of estimated tax. That’s providing, of course, that youi total income for 1945 amounted tc $500 or more. In estimating tax or revis'nj your estimate, it’s important to re member that the new lower taxci do not apply to 1945 income. The reduced taxes are effective on in come received on and after Janu ary 1, 1946. You use the lowei tax rates when you estimate youi tax for 1946 in the March 15 dec laration. If after the income tax returr for the year 1945 (due March 15 has been filed, it is found that t taxpayer has under-estimated his tax by more than 20 tier cent (oi 33 1-3 per cent in the case o: farmers), a penalty may be im posed. The penalty is equal to ( per cent of the shortage in thf est'mate. Taxpayers, including members of the armed forces, who are out side the continental United States on January 15 will have the usua extensions or postponements. Service pay of all military ant navy persons below the rank o commissioned officers is entireb exempt from taxation. No return: or declarations are required fo: such service income. Declarations and revised decla rations of estimated tax are filet on a form called 1040-ES. Thi form may be obtained from in ternal revenue offices. Copies o this form have been mailed by th. Internal Revenue Bureau to mos persons who make out decla rations. CHAMP BANDAGE ROLLER SIOUX FALLS, S. D.—(U.R)—Po lice Cant. Carl T. Straf s claims tk national record as a bandage roll er. He produced more than 104,001 surgical dressings since Jan. 1 1944. He figured he devoted 2,401 off-duty hours to the work, pro ducing as high as 50 an hour. 40( a day, 2,000 a week and 7,500 i month. RADIO WILMINGTON WMFD - 140Q-KC SUNDAY, JANUARY 6 A.M. 7:30—Church of God. 8:00—News summary. 8:15—Pentecostal church. 9:00—Correspondents Around the World. 9:15—Musical Reveille. 10:00—Voice of Prophecy. 10:30—The Southernaires. 11:00—St. Paul’s Lutheran church. 12:00—Dorothy Claire (noon). F.M. 12:30—Musical For Sunday. 1:00—John B. Kennedy—news. 1:15—Essy Listening. 1:55—Your Sunday News Extra with George Gunn. 2:00—Old Fashioned Revival Hour. 3:00—Elmer Davis. 3:15—Sunday Days. 3:30—Johnny Thompson and Ilene' Woods. * 4:00—Darts for Dough. 4:30—Mary Small—show. 5:00—Jones and Company. 5:30—Charlotte Greenwood. 6:00—Philco Hall of Fame. 6:30—Sunday Evening Party. 7:00—Drew Pearson—news. 7:15—Don Gardner—news. 7:30—Quiz Kids. 8:00—Sunday Evening Hour. 9:00—Walter Winchell. 9:15—Louella Parsohs. 9:30—LaGuardia Speaks for Liberty. 9 :45—Jimmy Fidler. 10:00—Theater Guild. WJNC JACKSONVILLE, N. C. 1240 ON YOUR DIAL SUNDAY, JANUARY 6 A. M. 8:00—The Farry Four. 8:15—St. Julia AME Zion church. 8:30—Songs of Lily Pons. 8:45—Sunday Morning News Extra. 9:00—Jacksonville Classical Hour. 9:30—The Lutheran Hour. 10:00—UP News. 10:05—Voice of Divine Wisdom. 10:20—Bertrand Hirsch. 10:30—Pro Arte Quartet—MBS. 11:00—Local Church. 12:00—Sunday News Roundup (noon). P.M. 12:15—Frankie Carle. 12:30—This is Music. 1:00—American Radio Warblers—MBS. 1:15—Ilka Chase—MBS. 1:30—The Quiet Hour. 2:00—Champion Jim—MBS. 2:30—Bill Cunningham—MBS. 2:45—Dale Carnegie—MBS. 3:00—Old Fashioned Revival—TN. 4:00—Murder is My Hobby—MBS. 4:30—The Nebbs—MBS. 5:00—The Shadow—MBS. 5:30—Nick Carter—MBS. 6:00—Quick as a Flash—MBS. 6:30—Cedric Foster—MBS. 6:45—Fulton Lewis, Jr.—MBS. 7:00—Lest We Forget. 7:15—Your New Home. 7:30—The World’s Most Honored Music. 8:00—The Mediation Board. 8:30—Don’t Be a Sucker—MBS. 8:45—Gabriel Heater—MBS. 9:00—The Human Adventures—MBS. 9:30—Double or Nothing—MBS. 10:00—Operatic Review—MBS. 10:30—What’s Name of that Song—MBS. 11:00—Tomorrow’s Headlines. OVER THE NETWORKS SUNDAY, JANUARY 6 Eastern Standard Time P.M. Changes in programs as listed are due to corrections by networks made too late to incorporate. 12:30—The Robert Merrill Concert—NBC Trans-Atlantic Call, Exchange — CBS Piano Playhouse, iPano Trio — ABC Luthean Half Hour Services — MBS 1:00—Fifteen Minutes Newscast — NBC The Church of the Air Sermons—CBS ; John B. Kennedy and Comment—ABC Singing Canaries Program—MBS-bas. 1:15—American United, a Forum—NBC Orson Welles Weekly Comment — ABC Ilka Chase in a Broadcast—MBS-bas. 1:30—U. of Chicago Roundtable — NBC Lyman Bryson’s Commentation — CBS Sammy Kaye Serenade; News — ABC Sunday Afternoon Song Time — MBS I 1:45—Ed Murrow’s Commentary — CBS ; 2:00—Stars Concert With Barlow—NBC To Be Announced (30 Min.) — CBS | Songs Period; String Quartet — ABC Chaplain Jim, U.S.A., Drama — MBS > 2:30—John Charles Thomas Song — NBC Hollywood Star Time Theater — CBS Sunday Vespers via the Radio — ABC Bill Cunningham in Comment — MBS 2:45—Symphonic Strings (15 m.)—MBS 3:00—Parade ofMusic, Max Hill—NBC N. Y. Philadelphia Symphony — CBS Elmer Davis in a Commentary — ABC Songs From Along the Trail — MBS 3:15—The Galen Drake Program — ABC ‘ 3:30—One Man's Family, Drama — NBC This Week Around the World — ABC i To Be Announced (30 Mins.) — MBS 4:00—National Forum & Guests — NBC To Be Announced—ABC-New England I Darts for Dough, a Quiz—other ABC Murder Is My Hobby, Mystery — MBS 4:30—Sunday Matinee in Variety — NBC 1 Nelson Eddy Concert & Guests—CBS Mary Small in a Sunday Revue—ABC The Nebbs, a Sketch of Comedy—MBS 5:00—NBC Symphony Orchestra — NBC Family Time & Patrice Munsel — CBS Jones and I, a Safety Drama — ABC The Shadow Mystery Series — MBS 5:30—Gene Autry & Song Show — CBS The Charlotte Greenwood Skit — ABC Nick Carter, Detective Drama — MBS 5:45—Bill Shirer in Commentary — CBS 6 rOO^The Catholic Radio Service — NBC Adventures of Ozzie Harriet — CBS Hall of Fame, Paul Whiteman — ABC Quick As a Flash in a Quiz — MBS fNQft_nroot ni'MorclePVP P.rrtnedv — NBC The Baby Snooks Comedy Show — CBS Sunday Evening Party Music — ABC Cedric Foster & His Comment — MBS 6:45—Fulton Lewis. Jr., Com’nt — MBS 7*:00—Jack Benny Comedy Show — NBC Adventures With the Thin Man — CBS Drew Pearson and Commentary — ABC Operatic Review, Soloists. Orch.—MBS 7:15—News Summary for 15 Min.—ABC 7:30—'The Bandwagon Broadcast—NBC Blondie-Dagwood Comedy Skit — CBS Quiz Kids and Joe Kelly M.C.—ABC California Melodies by Orches. — MBS 8:00—Chas. McCarthy & Bergen — NBC Marlin Hurt’s Beulah Comedy — CBS The Sunday Evening Symphony — ABC Alexander & Mediation Board—MBS 8:30—Fred Allen’s Comedy Gang — NBC Crime Doctor, Dramatic Series — CBS Don’t Be a Sucker, Dramatic — MBS 8:45—Gabriel Heatter Comment — MBS 8:55—Five Minutes News Period — CBS 9:00—Sunday’s Merry Go Round—NBC Request Performance by Guests—CB9 Walter Winchell Broadcasting — ABC Eploring Unkonwn in Science — MBS 9:15—Commentary on Hollywood — ABC 9:30—Album of Familiar Music — NBC Ed Wynn With James Melton — CBS La Guardia’s Sunday Comment — ABC Double or Nothing in a Quiz — MBS 9:45—Jimmy Fidler’s Hollywood — ABC 10:00—Phil Soit^lny & Girl Orch. — NBC Phil Baker’s Take It or Leave It—CBS Theater Guild’s Drama Hour — ABC Freedom of Opportunity. Drama—MBS 10:30—Meet Me at Parky’s Now—NBC We, the People, a Guest Show — CBS What’s Name of the Song Quiz — MBS 11:00—Variety and News (2 hr.) — NBC News, Variety; Dance (2 h.)—CBS-ABC Comment & Dance Bands (2 h.)—MBS Resident Physician Assumes New Duties At Rabies* Hospital The board of managers of the Babies’ Hospital, Wrightsv'ille Sound, yesterday, announced the appointment of Dr. D. B. Mcllvoy, as resident physician. Dr. Mcllvoy received pre-medi cal training at the University oi Kentucky and was graduated from the Tulsne medical school in New Orleans in 1941. He served in the U. S. Armj Medical corps for three and one half years, holding the rank oi major. He comes to the Babies' hospital from the City hospital ir Winston-Salem. Dr. and Mrs. Mcllvoy are resid ‘ inv on Harbor Island ‘BLUE DISCHARGE’ ABUSES CHARGED WASHINGTON, Jan. 5.—MV-A report on what a subcommittee calls abuses in connection with the so-called “blue discharges” issued by the Army will be filed with congress this month by the House Military committee. The committee disclosed today that it has for several months been investigating “blue dis charges” under the direction of Rep. Durham (D.-N.C.), head of a special subcommittee. “Blue discharges” are neither honorable nor dishonorable and are so designated because they are issued on blue paper. They generally are issued, committee members said, to men found “in compatible” but who do not rate a dishonorable d i s c h a r ge, and make no reference to the charac ter of the man discharged. The committee said a major complaint has been that “thou sands of discharged soldiers have been deprived of their rights” un der the G. I. Bill because they hold “blue discharges.” While the G. I. Bill’s benefits and applicable to all ex-service personnel discharged under “other than dishonorable” conditions, committee sources said it has not worked out that way in actual practice. As an example of what he called “the carelessness with which the Army has issued these dis charges,” a committee member said 32 per cent of all “blue dis charges” e x a m i ned on review were changed to honorable dis charges. While only a court martial can order a dishonorable discharge, the committee said in a statement, “blue discharges” are issued by boards of officers, without judicial proceedings but subject to review by a discharge board. “There have been many cases in which blue discharges have been given to men suffering from mental disorders,” a committee member said. “Certainly a man whose discharge results from the fact that he is not mentally suit able should not be made to suffer the onus of a blue discharge.” INSIGNIA QUILT SOMERSET, Mass.,—(U.R)—Mrs. Arthur R. Emery of Somerset re cently completed a large quilt on -which she sewed 258 shoulder patch Insignia of the Army, Navy and fice building still belonged to a group of women who had given it to the state 25 years ago, but over looked the deed. The group had long since disorganized, but five of them were rounded up to revive the defunct Tennessee Capitol Assn, and officially deed the lot. Close of the Civil War found the Texas Plains fairly covered with millions of wild cattle. I > ■■ " -- save themselves additional work, In that case, the return will serve both as a return and a declara tion, and a separate declaration need not be filed. Other tax estimators also may file a regular return (form 1040) on or before January 15 instead of a declaration and clear up theii tax situation for 1945. Otherwise they may have to file an amended declaration by January 15 and a regular return by March 15. Those required to file declara tions of estimated tax for 1945 were: 1. Every person who was receiv ing or expected to receive, in 1945. wages in excess of $5,000 plus $500 for each exemption except his own. 2. Every person who received or expected to receive in 1945 more than $100 income from sources other than wages subject to with holding, providing his total income amounted to $500 or more. For example, if you were single and received only wages subject to withholding you didn’t need to file a declaration unless you re ceived more than $96.15 a week. If you were married and had no dependents, you didn’t have to file a declaration unless you earned more than $105.76 a week or $458.33 a month. If you were married and had two dependent children, you didn’t have to file a decaration unless your wages for the year were more than $6,500. That’s assuming you didn’t receive more than $100 in income outside of wages subject SAVE MONEY ft ON YOUR 9 WORK I CLOTHES I NEEDS 1 - AT - I D’LUGIN’S I 10 South Front Street H COUGHS j FROM COMMON COLDS 1 QUIT QUICKER \ EASE your cough the modem way. Tell your druggiat to eell you a bottle of KREY. Get quick relief from aorenaea and atuffinesa. KREY atopa cough* quicker. KREY ia worthy of a doctor’* prescrip tion! Get KREY todayl A I Three The / Million Dollar ROGER MOORE W. A. FONVIELLE W. D. JONES Pres, Sec.-Treas. Asst. Sec.-Treas. M. G. JAMES. V-Preo. J. O. CARR. Attj. COMMERCIAL - SAVINGS TRUST COMPARATIVE STATEMENT I THE WILMINGTON SAVINGS & TRUST CO. 1 A Wilmington N. C. 1888 1945 ,MM hFSOURCFS ' December 31, 1944 December 31, 1945 Cash in Vault and Due from Banks -------57--^“-,;;";-,---$ 8'171'553,25 $ 8'169'14337 United States Government Bonds, Notes and certificates n “ST<A1 Par:".15S,S I lV»nd SuX _ 3,580324.12 4,921,21373 idJL“ ta Trash_ e.ooo.oo 12,000.00 Banking House, Furniture and Fixtures -- 73,887.22 70,291.48 Earned Income on Loans and Investments ——...— 49,034.52 60,818.27 | Customers Liability Account Letters of Credit and Acceptances.. 53,200.00 , TOTAL _$27,380,249.11 $28,046,046.85 H LIABILITIES ( Camial ~ _$ 300,000.00 $ 300,000.00 SurDlus 700,000.00 700,000.00 Undivided Profits_ 258,325.86 308,468.75 TOTAL _$ 1,258,325.86 $ 1,308,468.75 Reserve for Contingencies_ 100,000.00 100,000.00 Reserve for Unearned Discount_ 8,150.66 5,732.86 Reserve for Interest Accrued on Time Deposits- 10,758.32 12,939.85 Reserve for Taxes and Federal Deposit Insurance- 71,839.42 81,600.00 Dividends Uncalled Tor_* 13,181.00 i 14,404.40 Cashier's Checks_- 81,196.24 59,788.26 Certified Checks_ 82,331.78 90,559.26 Deposits _ 25,701,265.83 26,372,552.77 Letters of Credit and Acceptances--- 53,200.00 TOTAL —____Z..rr___$27,380/249.11 $28,046,046.85 ... . - ' . - ; ^ m MEMBER FEDERAL RESERVE SYSTEM and FEDERAL DEPOSIT INSURANCE CORPORATION - ■ — ■■ ~~5 THE MORRIS PLAN BANK OF WILMINGTON WILMINGTON, NORTH CAROLINA , Comparative Statement of Condition RESOURCES I December 31,1935 Cash and Due From Banks.......$ 61,283.91 Loans and Discounts.... 691,540.91 U. S. Government and Municipal Bonds.., 91,461.53 Furniture and Fixtures—Net.. 8,953.80 Real Estate (New Building Site).. Other Resources ....... 1,556.21 TOTAL RESOURCES $854,796.36 December 31,1940 $ 168,682.02 1,460,853.73 80,200.00 4,976.76 » 1,373.08 $1,716,085.59 December 31, 1945 $ 497,205.92 1,291,353.31 3,074,205.00 10,327.69 34,007.65 23,946.46 $4,931,046.03 LIABILITIES AND CAPITAL .1 December 31,1935 Deposits.$434,900.59 * Deposits Assigned On Loans & Discounts.. 239,560.50 Cashier’s Checks Outstanding. . Dividend Payable. 3,000.00 Reserves . 33,524.55 Capital Stock . 100,000.00 Surplus. 32,500.00 Undivided Profits. 11,310.72 TOTAL LIABILITIES & CAPITAL $854,796.36 December 31,1940 $ 829,782.76 560,065.75 .18,052.26 3,000.00 83,473.07 100,000.00 100,000.00 21,711.75 $1,716,085.59 December ** | 31, 1945 $4,202,517.97 306,396.22 74,337.14 9,000.00 71,226.41 100,000.00 100,000.00 67,568'29 $4,931,046.03 fl M — dire ctors — BRUCE B. CAMERON EMSLEY A LANFv DR. JOHN T. HOGGARD FRED E LITTIF HARRISS NEWMAN ’ 11LE E. REID TOMS I
Wilmington Morning Star (Wilmington, N.C.)
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Jan. 6, 1946, edition 1
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