New Taxes To Net U. S. $1,118,500,000 Yearly
LEVIES ON MANY
KINDS OF GOODS
NOW IN EFFECT
Increase Of One Cent On
First Class Postage Will
Go Into Effect On Wed
nesday, July 6th.
Many of the new federal taxes went
into effect Tuesday, June 21. The re
vision of the first-class postage rate,
requiring 3 cents instead of 2 cents
on a letter, will go into effect July 6.
Among the provisions of the new
law that became effective Tuesday are
those which place a 3 per cent con
sumers’ tax on electric current, 2-cent
tax on bank checks, and a 3 per cent
tax on automobiles.
"The law provides 3 per cent be
added to everybody’s bill for current,
whether for light, heat, or power.
Monthly bills carry a water charge,
and sometimes charges for merchan
dise repairs, so that the additional per
centage will not apply to the entire
bill. For example, a family may have
a bill for $12.50 for the month of
July; $10 of it may be for an electric
range and lights, and the other $2.50
for water and merchandise; in that
case, the tax added to the bill will be
30 cents (3 per cent of $10).”
Cashiers of the various Salisbury
banks had not received positive infor
mation yesterday as to the way in
which the 2-cent tax on bank checks
-- Ua OnP Tir-SV IC fnr
concerns and persons that have bank
cccounts to buy stamps from the bank
and affix them when the checks are
written; another is for the bank to
charge the tax to the accounts of de
positors. This last method might lead
to complications; for instance, a check
might pass through several hands and
then, when it reached the bank upon
which it was drawn, there might be
no funds to cover it.
The method of collecting the 3 per
cent sales tax on automobiles will be
simple. The tax will be added to the
purchase price.
The tax is 2 per cent on automobile
trucks. i
The new law imposes excise taxes
on lubricating oil, brewers’ wort and
malt, grape concentrate, toilet prepa
rations, furs, jewelry, automobiles,
trucks, tires and tubes, radios and
phonographs, mechanical refrigerators,
sporting goods and cameras, firearms,
shells, cartridges, matches, candy,
chewing gum, soft drinks, gasoline,
telephone toll calls for above a cer
tain amount, telegrams by wire or ra
dio, theatre admissions, safety deposit
boxes, and bank checks.
"These excise taxes,” says Gilliam
Grissom, collector of internal revenue
in Raleigh, in an information bulletin
issue this week, "are imposed upon
manufacturers or producers, and be
come effective June 21.”
Return forms for the use of new
taxpayers will be sent out in a few
days. All retail dealers in jewelry and
furs, should procure forms, since they
may be manufacturers within the
meaning of the law.
Cantor Scores Heavily
In "Palmy Days” His
Latest Laugh Frolic
Brazenly labeled as simon-pure non
sense, "Palmy Days,” the new Eddie
Cantor song-and-gag festival comes to
the Victory Theatre Monday and
Tuesday as Samuel Goldwyn’s succes
sor to their inaugural "Whoopee.”
It is a gay, comic strip kind of a
yarn, in which Cantor is seen as the
unwilling assistant to a gang of fake
spiritualists, who hire him out as an
efficiency expert to wreck a modern
istic bakery that might have come out
of an Arabian nights fantasy. For no
bakery in this world could ever have
such a collection of overdressed and
under-dressed beauties as disport them
selves in "Palmy Days.” Solomon in_all
his glory nor Ziegfeld in all his life
never collected such a bevy as this.
Print Shop Worker
Wins $200 Award
San Antonio, Tex.—Self-control,
good character and loyalty over a
three-year period won a $200 award
for Arthur B. Chafetz, 18-year-old
print shop employe here.
The Leopold Schepp Foundation pre
sented the southwest district award to
Chafetz, who is believed to be the first
Texas youth ever to hold it.
The late Leopold Schepp, philan
thropist, created the foundation for
the promotion of better youth and
manhood. Boys seeking the award must
sign a pledge to be kept for three
years. The entrant’s development of
character is reported by a sponsor to
the foundation every three months.
53 PER CENT OF
WHITE FARMERS
OWN THEIR FARMS
In Rowan -fully S3 per cent of
white farmers own their farms while
17 per cent of the negro farmers of
the county are full farm owners.
The average for Rowan is slightly
above the average for the state, only
half of the white farmers in the state
are full farm owners. Nearly one
tenth of all white farmers are part
owners, while forty per cent are full
tenants, owning not a foot of land.
During the five years following the
1921 census there was a decrease of
around fifteen thousand white full
owners, and an increase of around
eleven white tenants. There was also a
small decrease in Negro full owners
and a decrease in the number of Ne
gro tenants.
In other words, during the last few
years the trend in North Carolina has
been decidedly towards increased white
farm tenancy. There has been practi
cally no net increase in the number of
Negro farmers since 1920. The ten
thousand increases in white farmers
has been accompanied by an eleven
thousand increase in white tenants.
Say, "I Saw It in
THE WATCHMAN.”
Thank You!
LOANS WITHOUT SECURITY
$5.00 to $40.00 Quickly Loaned
SALARIED PEOPLE NEEDING FIVE TO FORTY DOLLARS IN
STRICT CONFIDENCE, WITHOUT SECURITY, ENDORSE
MENT OR DELAY, AT LOWEST RATES AND EASY TERMS.
CO-OP FINANCE CO.
202 WACHOVIA BANK BLDG.
SALISBURY, N. C.
* Bid* Mi* drat can and avoid the parkin* nnUane*.
A NNO UNCING.
OUR ELECTRIC RANGE
THRIFT OFFER
Beginning Monday, June 13th
Electric Cookery Is
ECONOMICAL
CLEAN
I COOL
SAFE
MODERN
"I ' ■ >. - T
RAI46 Range
Popular Thrift Model
Electric Cookery Is
FAST
CERTAIN
SIMPLE
MODERN
and
RELEASES TIME i
OUR OFFER TO YOU—
ONLY TWO YEARS $10 FOR
$5 TO PAY YOUR
DOWN I (24 Monthly Payments) | ) OLD STOVE | I
Only FIVE DOLLARS Down, and we will place a new Electric Range in your kitchen, com
pletely installed. You can pay the balance in 24 easy monthly payments. And we will allow
you ten dollars for your old stove—regardless of its type or condition.
The Event You’ve Looked Forward to
Decide NOW that you will begin to enjoy the BENEFITS of Electric Cookery. It’s ECONOMY.
It’s CLEANLINESS. It’s COMFORT. It’s SPEED. Visit our display room and let us show
you the NEW HOTPOINT and UNIVERSAL THRIFT models on display—at prices that will
amaze you. ^ ■ • - — >' * * 4 - * ~ ^ - I
(THIS OFFER IS TO CUSTOMERS ON OUR OWN EXISTING LINES EXCLUSIVELY) 1
#r~ * . .
Southern Public Utilities Co.
and i
North Carolina Public Service Co.
PHONE 1900 . ^ ;
- Hut with cok* . . . th. dun, .fficiut fad.