The Bismarck Tribune Newspaper, January 10, 1923, Page 7

INE. COME ASK IF YOU WILL SHow OISGRACIN A FELLER OUT OUR pinetapoe ce WAY — By Williams ANY CERTAINLY EXHEL! JUST TAKE A CHAIR UNTIL LEINISH PATCHING EDGARS PANTS, HE AlIWAVS HAS THE SEAT OUT OF 1? fi t _ Javillges NEA SERVICE jt INCOME TAX QUESTION IN A NUTSHELL; ~ WHO PAYS, AND HOW MUCH By-Harry Marper Tax Consultant, Minneapolis Who Must Make Returns—Single persons having net income of $1,000 or over, Married person having net ‘income of $2,000 or over. Every in- diyiddal having a gross income of $5,000 or over, regardless af amount of net income, Every fiduciary, or at least one of joint fiduciaries, must make a return of income for the ‘individual whose net income is in his charge, if the gross income of such ind vidual is $5,000 or. over, or if the net income of such individu 's $2,000 or over if married and living h husband, or wife, or $1,000 or in other’ cases. Every corpora- t'on not expressly exempt from tax must make a return of income, re- xardless of the amount of its net in- come, “ \ , Individuals—Normal tax rite of 4 per cent upon the first $4,000 of net taxable income after deducting mptions, and 8 per cent upon the s over $4,000 after deducting ptions. Surtax rates for 1922 subsequent years: exc ex and Total $1,009 to $6,000 No Surtax. _Surtax 6,009 to 10,000 1% “$40 40 FO00 to 12,000 2% 40 “80 12,000 to 14,000 8% = 60-140 14,000 to 16,000 4% 80 280 14,000 to 18,000 5% 100 320 18,009 to 20,000 6% = 120-440 he exemption for a married per- on living with husband or wife, or head of a family, is $2,500, unless the next income is in excess of $5,- 000, in whigh event the personal ex- epntion is $2,000. If the net income is’ in excess of $5,000, the tax shall not be greater than if the $2,500 exemption were allowed by more than, the amount of the next in- come in excess-of $5,000. « The exemption for a single per- son is $1,000. The exemption for children or other dependents is $400, even though the income is in excess of $5,000. Donations.—Contributions or gifts Within the taxable year are deduct- ible to an aggregate amount not in excess of 15 per cent of the taxpay- er’s net income before deducting the donations. Corporations.—There is no excess «profits tax for 1922. The tax is 12 1-2 per cent of the net taxable income in excess of exemptions, Corpora- tions wl] be allowed an exemption of $2,000 from the amount subject to income tax, only in case the net able income is less than $25,000. { the next income is in excess of 25,000, the tax shall not exceed the x which would be payable if the $2,000 credit were allowed, plus the amount of the net income in excess of $25,000. Persona} Service Corporations, — For the year 1922 such corporations are taxed the same as any other vor- poration and subject to.a tax of 12 1-2 percent; Partnership.—Partners are taxed on ther proportionate share of the net income and they pay the tax as individuals. The partnership, how- ever, is required to file a return for. information purposes. { , Wax on Bank Stock. — Taxes. on ‘shares of bank stock pi bank on behalf of stockholders, are now deductible by the Bank and not by the individual. Net Loss for 1921—If any tax- Payer (individual, partnership, cor- poration, trust or estate) sustains a net loss for any taxable year begin- ning after December 31; 1620, the loss “shall be deducteg from the net. “income of the taxpayer for thé suc- ceeding taxable year; and if such net loss is in excess of the net in- come for such: succeeding taxable. year, the amount of guch exce shall be allowed as a beduction in; computing the net income for the next succeeding taxable year.” _ A taxable year equals. twelve { months, Taxpayers who reported for * @ period; of less than twelve month: during 1921 will not be allowed this privilege. Taxpayers who changed ; from a fiscal to calendar year, or from a calendar year to a fiscal year, and therefore were obliged to report for a period of less than ~ twelve months, ang sustained a loss iod, will not be allowed : to deduct such Joss from the Profits | of 1922, because the ,Period covered ‘was not technically a taxable year or twelve months, - Capital Net Gain—For the ind:vids. | ual, partnerships and estates, not corporations, the tax on the sale of “capital” assets has been changed, beginning January 1, 1922. Capital Assets—“The term capi- tal assets is defined to mean proper- ty of any kind whatever acquired and held by the taxpayer for; profit or investment for more than two years, whether or not connected wth his trade or business, not including property (for example, a dwelling) held for the personal use or con- sumption of the faxpayer or his family, or stock in trade of the tax- Payer or other property of a kind properly included in an inventory. The spec‘fic property sold or ¢x- changed must have been held for more than two years, but in the case of a stock dividend the prescribed Period applies to the original stock and the stock received as_a dividend considered as a ynit:and where prop- erty and no gain or loss recognized under the prov'sions of section 202, the prescribed period applies to the property exchangfied and the prop- erty received in exchange considered as a unit.” Tax on Capital Gains — Any tax- payer other than a corporation may, if he so desires, state separately in his return h‘s capital net gain (as defined and limited in the law); in such case a flat tax of 12 1-2 per cent will be levied in lieu of the normal and surtax he would otherwise pay on such income. On his net income from other sources, termed “ordi- nary net income,” he would be taxed at mormal and surtax rates. However if‘ he elects thus to segregate his capital net gain, his total tax on the aggregate amount af both kinds of income must be at least 12 1-2 Per cent thereof. —— NOTICE OF MORTGAGE FORECLOSURE SALE DEFAULT having occurred in the conditions of the mortgage herein- after described, NOTICE IS HERE- BY GIVEN, that that certain mort- gage, executed and delivered by I. M. Capper and Belle S. Capper, his gee, dated the 20th day of March, 1920, and filed for record in the of- fice of the regigtdr ofedeeds of Bur- leigh County, North Dakota, on the 29th day of March, 1920, ‘and. ye- corded in’ Book 143 of Mortgages, on ‘page 46, will. be foreclosed by. n’ sale of the premises in such mortga; and. hereinaftér front door of the courthouse at Bi marck, in the cognty of Burleigh and state of North Dakota, at ten o’clock A. M., on the 5th day of Feb- ruary, 1923, to satisfy the amount due upon such mortgage on the day of sale. The premises described in such mortgage, and which will be sold tolgo home and hit her husband that | cou’, * Goibitedt someting ont satisfy the same, are situated in|way. ; s j Burleigh County, North Dakota, and)", ; {Old Indy catches only the word described as follows, towit:—The |p. "% Monsieur. He would hit |“ming, \ Southeast Quarter (SEX) oi Sec- tion Eighteen (18), in Township One Hundred Forty-one (141) North, of Range Seventy-eight (78) West, ccn- taining 160 acres, more or less, ac- cording to the government survey thereof. The mortgagee has heretofore de- clared, and now declares, the whole debt secured by said mortgage due and payable. There will be due on said mortgage on the date of sale the sum of $365.96, (which sum in- cludes interest paid upon a_ prior mortgage on the same property) be- sides the costs, disbursements and expenses of this foreclosure. Dated this 27th day of December, 1922, INVESTORS MORTGAGE SECURITY COMPANY, INC., a corporation, Mortgagee. Newton, Dullam & Young, 4 Attorneys for Mortgagee, Bismarck, North Ba fot 12-37- b h si g cS 10-17-24-31 Minutes of the Proceedings of the Board of C'ty Commissioners Mon- day evening, January 8th, 1928, The Board of City Commissioners met in regular session Monday eve- ning, January 8th, 1923, at eight o’- clock P. M. There were present Com- miss‘oners French, Henzler, Larson, Thompson and Presiderit Lenhart. The minutes ‘vf the meeting held on January 2nd, 1923, were read and approved. Commiss'oner Larson mov- ed that the bills be allowed. Second- ed by Commissioner French. Carried. A letter was received by the City Auditor from Mr. Geo. P. Flannery, President of the Bismarck Water wife, mortgagors, to Investors Mort- gage Security Company Inc..,Mortga- [Supply Company, rejecting the, of- fer of the City to purchase the pl lant Attest: necessaryf but with us and make us joke too. described, ht” theteyagy Lot me. lady fast after him, back to -her chair, seemingly none the worse for this to her’ unheard-of for $265,000.00. On motion of Com- miss:gner Larson, seconded by Com- missioner French, an@ carried, all commissioners voting aye, a resolu- tion was adopted inviting the Board of Directors of the Association. of Commerce to constitute a committee to act with the Board of City Com- missioners in arriving at a “sgttle- ment of the water problem, On motion of Commissioner Thompson the Board of City Com- missioners adjourned to meet again Monday even ng, January 15th, 1923, at eight o’clock P. M, M. H, ATKINSON, City Auditor. Coue Makes ’Em. Forget Ills BY MILTON BRONER NEA Staff Cotrespondent Nancy, France, Jan. 10.—The thing that differentiates the auto-sugges- tion clinics held by Monsieur Emile Co which ugfrom any clinies inthe world to suffering people gb is this: we jaugh with Coue and at ourselves . Lots of us come here with aches and pains, but, somehow, Coue, the magician, drives away the tears and makes the smiles come, of the reasons for this is the simple humaness of the man. I think, one He can reprove when reproof is he prefers to joke One day when I was there an in- tellectual woman, after hearing ‘him explain how ancient a thing auto- suggestion is, said rather cattily: “In other words you have discov- jered the moon.” “No, madame,” he replied, with ine dignity, “but I have learned how ‘0 teach you to walk by its light in your darkness.” Treating Rheumatism Over in the corner sits a husky- looking peasant woman in black. Her toil worn hands show how she has labored beside her husband on heir*farm. She has trouble using *}her right arm: thinks she has “rheu- matics.” Coue rapidly strokes the sleeve of her blouse, bidding her say after him—“Ca passe, ca passe, ca passe,” “It is going away, it is going away, it is going away.” Only he wants her tp.say it so rapidly that it sounds ikea big bee buzzing endlessly. Coue straightened himsel?, “How does the arm feel now?” “Much better.” “Hit me with your right fist.” She strikes him in the chest, “Hit harder,” She almost knocks him down, Coue smilingly suggests she now Playing Game of Tag Enter another type . She is French ourgeois, perhaps 65, in-black, with er old-fashiened gold chain and locket around her throat. She has come in walking painful- ly, slowly by the aid of a cane. Mon- eur Coue “ca-pasges” her. Then: he Suggests that she ‘get up and try to walk, She looks for her cane, but Goue ives her his hand and like an ient gallant in the time of King is he leads her across the room. “It's like a minuet,” he says gaily. ‘Now, again, madame.” : He gently drops her hand. “Now walk by yourself.” “Oh, but faster.” She increases her speed. “Now walk after me and eatch Coue walks around a table, the old Then she goes 10 Room Modern House—Located on 5th Street. Four || Modern 5-room furnished house for| in modern home, saitibte hea} The opening which ranged from 1-2 + * a rent, Phone 231. 1-4-1wk| young lady. 114 Ave, A, ph ne| lower to 1-4 advance was followed Block from McKenzie Hotel. This property must be SO] 3 are ee 558M. 1-10-3t | by a setback all around to below owner leaving city. /Puychase Price very low. AUTOMOBILES—MOTORCYCLES | FOR RENT— Three warm> neat and | yesterday's finish. WANTED TO BUY—A Ford runa-| well furnished downstairs front| Bullish crop reports ‘were. PeBnon HEDDEN REAL ESTATE AGENCY bout of late model, gheap for cash.| roms in modern home, close in.|sible for moderate upturns in wheat Webb Block _— Phone 0 || Must be in good ‘condition. State] Two. private entrances, bath,|toward the close today. Interna- ery Five Room House to Rent. price in first letter. Write No. 512 z tional relations especially occupa- a veritable miracle to them. {she smiles at Coue. BUY THIS HOME and HAVE ROOMS TO RENT THE OLD HOME TOWN MY, LAND GIRLS, ITS SEVEN o¢! JAND WERE READY To PLT.ON THE se AXE HANDLE: SE on Ty i= BY STANLEY _PAGE SEVEN form your own groups of all leg- islators or all lady session sten- ogtaphers, Phone 656, or call af- ternoons or evening at 415 8th St. 1-8-3 FOR” RENT—One furnished room can be, used for light housekeep- | ing. PHone 541W or call 421 9th | _St. 1-8-3 {FOR RENT—Strictly modern sleep- ing rooms, at 300. 9th St.- Phone 877-J. 1-10-1w FOR RENT—Two nice unfurnished light housekeeping rooms, Call b75L. it BUSINESS CHANCES WANTED—Lawyer to take over half interest in insurance business, $500 required; law business wilt be good right off the start. Write for ful] partictlars. German pre- ferred, although not necessary. Ad- dress, 510, Tribune. 1-4-1w | | | } FOR 8ALZ OR RENT HOUSES AND FLATS. FOR SALE—A bargain. 6 room mo- dern house, well built, including 3 good bed rooms, full basement, screened in porch, east front, close in, quick possession given, at a bargain. Geo. M. Register, 1-9 lw FOR SALE—Modern house of a rooms and bath, garage, trees. Very nice location. A real bargain at $3300. Half cash. J. Holi 314 Broadway, phone 745, 1 |FOR RENT—Two-room house, §12 | per month, South Side; move in | today. Henry & Henry. Phone 961. BECAUSE CERTAIN MEMBERS WERE. BUSY DISCUSSING THE NEW RED PLUSH ROCKING CHAIR AUNT S. BODGHT FROMA CATALOG HOUSE . “Oh, Coue. He gives her’ the cane and tells her to walk and carry it on her shoulder like a French soldier on the march, She does so. And there are women in the cftowd who smile through tears at what seems to be one more exercise,” says Exception Proves Rule All except one old woman, whose pheeks are fever-red with excite- ment and pain. She starts to give “IT am not sick in my mind,” she “I am sick in my body.” » but you are sick in the “You can‘t fool me,” she says de- terminedly. “Dear lady, I am not trying to fool you. We are going to help your body through your mind,” He “ca-passes” her and she is sure he hasn’t helped her much. Bu the next day she is back again af FOUND ‘LOST—Man’s glove, brown, lost be- tween Legion hall and Elks club. Finder return to Capital Security bank. Phone 701. 1-10-2t WANTED—Young man to work by the month, F. Jaskowiak, 421 12th St. 1-10-tf FOR” SALE—One China closet, one white enamel iron bedstead, and ong rocker at 212 Ave A. West. 1-10-3t DOINGS OF THE DUFFS THIS WILL BE A FINE PLACE TOLWE IN IF WE EVER GET IT ALL IN SHAPE-1 HOPE, 4 } LIVE LONG ENOUGH To ENJOY SOME OF IT-. id_by. the Y 7 PANSY. - re NO,MAM - | MISERY IN The Early and THAT GOES UP STAIRS, You DON’T SEEM To BE AS SPRY AS You. ‘\ USED ‘To BE, PANSY — GOTA MA/RicnT LDER, MAM! ———_—_+i__. FRECKLES AND HiS 2 naa reas ieee >” yas wcastags sreneyact iN H yi 5 THE LODGE MEETING WAS DELAYED TEN MINUTES LAST AIGHT.U exercise, CLASSIFIED ADVERT 1S, | FOR RENT—Nine-room house, 22: } In- 9th St. Also barn for horses. quire Max Kupitz. Phone 439- i | | 14 | | ‘Oj ARAN PEABODY, | NEA SERVICE SEMENTS | FOR RENT—Four-room apartment with bath at the Woodmansee, 423 | _5thySt. Phone 768-W. |FOR garage a MISCELLANEOUS. FOR SALE—Choice pure bred barred Plymouth Rock cockerels, Thomp- son’s New York Ringlet strain. Write for prices. W. A. Falconer, Ave. E, Bismarck, N. D. 1-8 8t WANTED—All_ around — methanic LOsT HELP WANTED—MALE WORK WANTED FUE learns tt mortgage $6300, WANTED—Man or woman wanted. | WANTED — Lady student wants | Taw “ei pert pik land Cael ls Salary $50 weekly full time. $1.00) place to ‘work for board. Phone} Year Secured $10,000. "J. Holihan an hour spare,time, selling guar-| 183, Business College. Lbitt | MarBesadwiviatoie Tie oe anteed hosiery to wearer. Exper-| WANTED—Woman wants work by| <~——=< Py ‘ence unnecessary. Guaranteed | the hour. Phone 627-3, 1-6-lw| FOR SALE—Bufl Orphington and Mills, Norristown, Penna. 1-10 1t . black Langshang chickens; pure bred. Christ Free, 210 12th St. N. for general repair shop. Must have welding knowledgfe. Write P, 0. Box 29. 1-8-lw WANTED—Merried man for dairy farm, Write W. F. Reynolds, Cap- |> LOST—String of pearls between 923 7th and Catholic church, offered for return of same to 923 ith St. or phone 871R, WORK WANTED Reward 1-8-3t 1-10-1w Ladies or gentlemen’s fur garments repaired and relined, First class work guaranteed. Phone 538M. Mrs. Mat- tie Erstrom, 605 3rd St. 1-10 lw itol Bldg., Bismarck, N. D. 1-8 3t ——— YOUNG MAN desires position with FOR SADK—Fumed oak dining room set at a bargain. Almost new. 5 : E attic er of-| FOR SALE—Potatoes, 0c hel, Lee i SOFT tae rncEs|| ties work /MWhathNavel youptatit Janus AWGANT) Poe red ‘with no children, wages $40) Corry of permanent? Write No.| ‘ ‘Vos month, four to ten patients to cook 613, Tribune. 1-8-3t 1-9-3t for. When you reply give your tele- - phone number. Donahue hospital, PERSONAL, New Rockford, 1-8-3t| EPILEPTICS: Would you care to WANTED—An experienced law office stenographer at once, State age, experience and the salary expected. Box 396, Golden Valley, N. D. 1-5-1w WANTED—A woman who cares to make pin money in spare time call 8 Rosser or phone 503-R. 1-9-3 lepsy. Posi tion Fre Drawer C-59: 1-6-10. ROOMS FOR RENT. learn about new rat‘onal treat- | ment for immediate relief of Ep vely stopping all sei- zures from first days use. Infor- , “SPECIALISTS” Lander, Wyoming. WHEAT PRICES DOWNWARD ON WANTED—Girl for general” house-| SOR -REN Wark, Mrs. F. A, Knowles. Phone 169-W. (1-8-tf) marek Business WANTED—Girl for general house-| 183, work. Mrs. W. E. Lahr, phone 657. ‘Apartment partly College. nished for light housekeeping, Bis- Ph 1-6. ur ~ CHICAGO MART one Jan. 10,—Wheat prices -1w | Chicago, 1-9-8 WANTED—Competent girl for gen-} heat in modern house, close in,| cial demand being apparently re- eral housework. Phone 810, 1-8-8t/ board if desired. 523 6th St. || sponsible. Lower quotations at Liv WANTED — Competent girl, general 1-9-3} ernool counted somewhat as a de- R RENT—Large downstairs room suitable for two gentlemen, steam {had a downward drift today in the early dealings, absence of any spe- house work. Phone 592-W. 1-9-tf Sasa a ea steal a BOARD AND ROOM BANNER HOUSE room and board, $1.15 per day. Steam heated hotel. cifie Hotel. Tribune, 14 Can accomo FOR RENT—Two nicely furn'shed rooms, 1-2 block from Grand Pa- Very convenient for leg'slators. 301 4th St. FOR RENT—Warm fr 1-9 pleasant room hone, also use of sittin, oom. eae 2 Hey e six or seven, aq (tion of Ruhr district had their ef- pressing factor,» There was no no- ticeable defect either way on the market after announcement that ov ders had been issued for withdrawal of American troops from Germany. 4t |fect in the market and were largely Late Settlers OLiviA, DO YOU THINK WHERE IT IS NOW, OR BETTER OVER ON THE OTH SIDE, NExT To. TRE Window ? THE PIANO LOOKS BETTER “BELIEVE ME. Er DECIDE THAT UNTIL Tom GETS HOME - 'M TIRED SHovIN” THINGS AROUND! G Hf PM GOING ‘To HIT THAT OLD HAY EARLY THIS NIGHT! Longer i BY ALLMAN m_] No. |responsible for slight upturns. \Prices closed firm % to 1% higher. MINNEAPOLIS FLOUR Minneapolis, Jan. 10.—Flour un- chhanged to 10 cents lower. 26,500. South St, Paul, Jan. 10.—Cattle re- ceipts 2,000, Market steady to strong. mmon and medium beef steers 5.75 |to 9.00. Fat she stock 3.50 to 7.00. |Canners and cutters mostly 2.50 to |3.25, Bologna bulls largely 375 to 0. Stockers and feeds strong .to igher, 8.50 to 7.00. Calves receipts 3,000. Mostly 25 cents higher, Practical packer top mostly 8.75. Hog receipts 27,000. steady to 16 cents lower. Few choice |light sorts 8.40. @utchers mostly |810. Some to shippers up to 8.25. Pigs mostly 8.35. Some 8.40. Sheep receipts 2,009, Slow. early sales bout steady. lambs around 18.75 to 14.00. ewes 5,00 to 7.50. | ST. PAUL LIVESTOCK ' 1 es hii Unevenly Few Native Native CHICAGO LIVESTOCK Chicago, Jan. 10,—Hog_ receipts 31,000. Slow to 15 cents lower. Cattle receipts 7,000. Active. Sheep receipts 14,000. Slow. MILL CITY WHEAT Minneapolis, Jan, 10—Wheat No. 1 dark northern 1:23 to 1.39; 408 cars as compared to 221 a year ago. Cash No. 1 northern 119% to 128%. Corn No. 8. yellow 74% to 55, Oats No. 83 39% to 41%. Rye No. 1 81%, Flax 279% to 281%.0 . ’ BISMARCK GRAIN, ( (Parnished by Russell-Mitler Co.) Bismarck, Jan. 10, 1923. - No. 1 datk northern. || No. 1 mofthern: spring: .. No. 2 amber durem No, 1 mixed durum, No, No.