The Bismarck Tribune Newspaper, March 9, 1926, Page 3

IN NEW BILL Inheritance Taxes on Ev~¥" thing Up to $100,°v Are Eliminsed EDITOR's NOTE: This is the fourth of » series of six articles explaining how the new laws affect evey taxpayer. SY GEORGE BRITT « 4.¢S8pecial Correspondent) Washington, March 9.--All the ex- pectant nephews and nieces of rich uncles can give three cheers. The new federal tax law stands ready to put money in their pocket whenever the relative’s lamented demise makes them his heirs. For instance, the man on the street car will be glad to learn that on all 000, he now will have to pay only half as much tax as before, only 20 per cent instead of 40. Likewise, the hundreds of thou- sands who are wondering how to pay mext month’s rent may well feel en- couraged. They are entirely relieved | inheritance taxes on everything | hey receive up to $100,000. The ex-| amption on estates before was only $50,000, The gift tax, too, is all off. Here- tofore if one received a present worth more than $50,000 a tax had to be Pp on the excess. It was just a nuisance around Christma . But excent for certain reservations, 8 perfectly safe to accept a gift of as many million dollars as one pleases without ta hal about ta: Coftcessions to Extates The rich uncle joke, of course, is one of the most ancient. But. the new revente act of 1926 actually does make important concessions to all estates and heirs, Secretary of the! Treasury Mellon pointed out to Con- gress that “the present muddle of death taxes in this country could, in some cases, take more than 1 per cent of what a man leaves.” The Senate proposed to eliminate the tax entire! he House prevented that, but the final modifications are worth having. ; é Outstanding changes in the law in- clude these: The exemption ts increased from $50,000 to $100,000. This will entire- had to y inheritance tax under the former : The maximum rate is made 20 per cent instead of 40 per cent. x The minimum on the first $50,000 heyond the exemption is 1 per cenu. The credit for state inheritance tax yments $s made 80 per cent instead per, cent. This means that where an estate i» subject to state taxation as well as federal, that 80 per cent of the amount paid in fed- eral taxes shall be turned over to the state, for application to its tax account. Refunds are provided for estate and gifttaxes already paid under the old revenue act of 1924 for the amounts. by which, those taxes ex- ceeded the lower rates of the preced- q ting act of 1921, The 1921 rate reach- ‘ ed a maximum of“but 25 per cent. The new! mw declares, in effect, that that is high enough and if anyyestate paid mare it shall have its money whack. The same refund rate applies “to gift taxes paid since 4. Hard to Enforce The oldi gift tax was intended to prevent cheating on inheritance tax o by giving away property during life. “Te was hard to enforce. The new law provides, in liew of gift tax, that ra any property transferred w’ two ars before dcath without adequate | Sompensation shall be considered § within the gross estate of the giver at death. ‘The tax will be due the same as if the gift had not been made. : The provision for »aying over to the states, if their inheritance tax laws demand it. 80 per cent of the federal tax collections, is intended w_to prodee a fairly uniform state sd ft works out practically to a scheme under which the federal collectors take 26 per cent tax on estates and give to the states 16 per cent for their taxes. This leaves only 4 per cent at the maximum for the government. The Senate contended \ that this was not worth the expense of collecting. wee ' If the states have no inheritance tax law, the government will keep the entire amount it collects on es- tates from those states. Opponents of the provision denounced it as an attempt to coerce the states. Florida, which has a constitutiqnal ban on against the federal tax. But state rights here met defeat. \ TOMORROW: Auto Owners, Cigar Smokers, Movie Patrons and Boot- leguers. ASSEMBLY IN . TANGLE—TAKES RECESS TODAY (Continued from page one) that “a certain group of powers” is trying to get her to take sides and pronounce in favor of one ot more candidates for council seats before She herself is officially admitted to that. body. “German public opinion,” the Ger- man spokesman pointed out, “was @ that we were invited to enter the fuses; that has caused the deadlock. “Germany has no reason to enter! such a ‘deal’, She wants to enter the council with hands untied and take the » permanent seat promised hey, and Bhe fuils to understand why a Pstop’ “signal should be tugne: against her at the eleventh hour.’ Heretafore when dealing with the allies, he pointed out, Germany had entered conferences with « 100 per cent program but had to be content ee events and> erie 8 -her posi- jon as an ished nation. f That day he amid, und the ermans ih we made clear “igive in at the last moment, “Our position on the enlargement $f the council ig not an endeavor to drive, a bargain or to get anythi ry for Germany,” he concludes ‘his league question should be de: cided by the wengse - : Sweden Holds Whip Hand * Sweden. continues to. hold the whip hand in:the cont y, pe- use, with unanimity necéasary in council, her vote can prevent any ntargement, and it is remarked th: kind of German-Scandinaviun , bi ruction of ive rd. TUESDAY, MARCH 9, 1926 1s FAREBETTER sume Progress’ in Aviation a “Gin the money he inherits above $10,000,- | \ after this picture was made incline and into the air. Lieut. Com. E. F. Stone, *™ly excuse about half of those who; New instruments designed to aid flying enabled army aviators to set a ne Navigation Enginee Lyman P. Whitten averaged 1 flew at 9,000 feet gui lley Jones (left) members of the council favor. the! they ord tables to see what spoon and pan, Belgium were being used by other dine seemed terribly self-con could be no doubt or open minded, visit to a : Spain a perma is committed, her sp to do nothing which will rmgny’s entrance league difficult or impossible. her the counc! 1 meetings scheduled ff (Continued from page one) nothing else to him. has married a third rich protector. fans are elsewhe The first performance at “The Martyrdom of San Sabastian,” reporter calls “a Ida Rubenstein did Gi a general, chest. cov with medals, his son, Gabr in the front row, but the opera ‘an had forbidden ( , the element of 0 * night, muse Uncle Sam's representatives concluded not to make the old gentle- ridiculous in the The Countess of Cathcart will stay in the United any other alien visitor. justice decided and the lady So she is with u ably advertised, her one little elope- ment forgiven. | nounces the lectur yy quires almost a column, and this set raljin_fine ty were strange! widely and valu- the inheritance tax, led the fight! simple proc ning in a" ably-equipped room. Germany and . Ee friendly, and that is more important to the world’s peace than poor Uncle into the League of Sam’s entrance speech in the Chamber of Deputies is called by German statesmen, most friendly speech concerning inany made by any offi for France since 1870,” al spokesman Harvard, Yale and Princeton raise prices from $3 The universities admit that they raise the ticket price because they need the money. If the most brilliant students en- tered a stadium to debate important questions. with deenest erudition, how many would pay five dollars to sce and hear? How many alumni would counci] under the status quo. Now) complain that at the last minute an extra stipula-| tion is made .that we declure our-; selves clearly in favor of-one or more| “According to Bri special candidacies. Germany re-jare really four corners to a square enough tickets? las Hell’s Kitchen last December. last few minutes of his life were;and the portion ‘appli itamins, A, B, and C, and good se four elements guar- antee health and vigor. early hours when the Senegales bo: f fer’s body was riddled with bullets| the cost of repair may not be prorated | several D i Avenue lunch room where New York, March 9.—It has been’ ‘said that, if cne looks far enough, one can find in New York all peoples, ei {all customs, all articles of merchan- that Germany ino longer is going to | dise. That may be. But there are certain things one never expects to see in New York. There are certain th forgets ever existed. old enstom I had ali but forgotten. And yet 1 saw it,‘at last, and in with. reulization of only from 50 to; 80 per cont of it from sheer force, 8 one almost) heard sho! There is a fine k. It was in thé dining room at the Pennsylvania He family of five occupied a table. were freshly arrived from the rural sections, Their cloth- i indicated a long automobile trip. y entered the great dining room pear exes with. They obvious!, idly, Nervous}; ‘that five -the ware. was the pilot. speed record from an hour fer the 725 the new appa aced the waiter and gave their They looked about at the at the Five he: nd tey father sole (OWNERSHIP. OF ISLAND |= Honor roll pupils for the period ; lat ‘SOME ITEMS OF | THE BISMARCK TRIBUNE IS DISPUTED Stanton Residents Claim 2.:| 000 Acres of Land as the ‘River's Gift Ownership of an island in. the| Misouri river opposite Stanton con- taining more than 2,000 acres prob- ably will be the subject of a court | fight between the state and Stanton | residents who claim it as the river's sift, C. R. Kositzky, state land eom- missioner, said today. Decision in the Stanton ease is ex- nected to determine the ownership of’ 12 other islands, some large and some small, which have appeared ‘in that portion of the Missouri river ly- ing in North Dakota, since the gov- ernment survey of 188 In a letter to R. J. Kamplin ney for the state land office, the fed- IL department of the interior re- linquishes all claim to islands in the er except those which were lying bove high-water mark but which were unsurv on November 2,| uttor= 1889, otherwise di: dof. | Under Y, id office offi- cials ¢ ich have ap- peared in the river since that time are the property of the state. Formed 25 Years Ago The island at Stanton lies just be- low the junction of the Missouri and nife rivers and swas caused by a change in the Missouri river channel. One outlet of the Knife river fol- lowed the Missouri in its drift away from Stanton. Another followed the old bed of the Missouri, separating the land, thrown up by the. Missouri from the rest of the shor About half the island, which was formed about 25 years ago, is cov- ered with young timber which already is valuable, Kositzky said. | The claimants are property own- ers who hold title to the shore line across the narrow Knife river chan- nel from the island, The list includes | Henry Loy, Herbert Roberts, le; e representative from Mercer and Oliver counties; C. F. Schweigert and | » Jenssen, | Kamplin has notified ench of them at the state has taken formal pos- sion of the island and advised them to bring suit to quiet title to the property. The state will contest the it, thereby aiding in obtaining a Judie al determination of the owner- ship. AUTOEXPENSE DEDUCTIBLE! Regulations Permit Motor Car Owners to Deduct Fees and Taxes Washington, D. C., March 9.—After He ‘was “saying grac That is one thing I never expected jto see in New York. I have never letin today which contains timely |seen it before. I never expect to advice to motor vehicle owners as to! Witness the in {what items of car operation are de-| numerous. in s and movie fans are w York as baseball N Ther tens of thousands of peo- ‘ple in this kaleidoscopic city who ‘would no more miss an important lec-' of registration fees, drivers’ licenses, [ture than baseball fan would miss. s {mun a world s¢ On a recent blizzardy night, when! even the girl shows were complaining of the seat sale, I saw the “regular: Hs where lecturs erything from Lo x to the origin of hoof and of these slee- 20 hotel ball- rooms are used by lecturers each Schoo] rooms, univ i ms, little theaters—-perhaps hundred places in all can be chosen from. One York pa per, whie for the d: Which proves that there is no réa- pn why unyone who wishes should not add to his education through the of spending an eve- ell-heated and comfort- SIKI MURDER BEING SOLVED Man Held by Police Says Fighter Was Shot While in a Drunken Rage New York, March 9,--()—-Revela-| line, oil, repairs, chauffeur’s salary, i le today as to the mys-|garagé rent and insurance, as well tions were terious spent in a saloon brawl with men he had called “white trash.” The story of what happened in the was told today by an 18-year-old youth, Martin Maroney, who was ar- rested on a charge of homicide. Po- lice believe, however, that the youth Maroney has given the names of n-who were in a Ninth is be- lieved to have been shot, Siki, Maroney said, entered the lunch room in a drunken rage, called eight men “white trash” and hurled a ghair at them. The men leaped at the boxer and during, the fight that followed, Mar- oney fled. A few*blocks away he jhad fled before Siki was killed, 1 Two detectives say they first sus- pected Maroney when they overheard him in a telephone booth discussing plans to make.a “get away because. the bulls are too close to us.” ‘The. detectives, disguised as truck driy- ers; and frequented a Nifth Avenue social’ club for weeks investigating Siki’s death. Cook with Gas, It’s the ‘mervously Ideal Fuedyo se cor Pant Mh 'duetible from gros i mobile is deductible, irrespecti | whether the car ;or pleasure purpose. | wholly | basis of the life of the motor vehicle. On passenger cars this would figure consultation with officials of the In ternal Revenue Bureau, the American Automobile 4 ssociation issued a bul- filing of Federal Income Tax returns for the year. First, the car owner may deduct from his gross income all sums paid} during the calendar year in the form personal property taxes and! 1 taxes, ond, the gasoline tax may b deducted in all cases where it is “consumers’ tax” under the state law, not where it is specifically en- das a “distributors” tax.” hird, the interest on money bor- rowed for the purchase of an auto- of d for business Fourth, the amount paid as oceupa- tional taxes to the Federal Govern- ment by operators of vehicles for hire are deductible, Fifth, if a passenger car is used for business purposes all ex- penses incident to maintenance and operation may be deducted. These .inelude repairs, gasoline, oil, repla ments, garage rent, insurance, chaf- feur's salary and depreciation. De- preciation should be figured on the around 20 ‘per cent, per annum, and on trucks about 25 per cent. How can a motorist determine; whether or not he is entitled to the ad-| vantages set forth in the last clause,} that is, the deduction of maintenance costs? On this point the Legal De-! partment of the A. A. A. says: “When a passenger automobile is ing of Battling Siki_inj|as any other legitimate expenses, may The|be prorated accordin used primarily for professional or! business purposes, and incidentally | for pleasure, ordinary expenditure: for maintenance and repairs may be prorated according to use, and deduct- ed, nrovided the car is used ‘chiefly’ in the pursuit of a business or pro- fession. ‘Chiefly’ is interpreted by the Bureau to mean more than 50 per cent. If business constitutes a minor usage and pleasure the major part,| the expense can not be ~rorated nor} deducted. If the chief use is for busi- ness, the items: of depreciation, gaso- to the usage icable to busi- ness purposes deducted.” If a passenger automobile is dam- aged while used for pleasure, although! its chief use is for business purposes, and deducted. On the other hand, if the damage was caused while the automobile was ‘being used in a busi- ness transaction, the entire cost of repairs is deductible as a. business expense. The Bureau of Internal Revenue has never been called upon to deter- mine whether or not @ fine paid by a motorist might be deducted as a busi- ness expense, where, at the time the expense was incurred, he was taine| the car for business or professional purposes. It has ruled, however, that where a motorist paid damages for injury to a pedestrian, such amount, is deductible, provided at the time the injury occurred the car was being used for business, Honor Roll Pupils at the High School The Sophomores led-the list in the compiled by the high school princi- | pal, having 20 pupils on the roll. The Junior class was second with 16 hon- or pupils, while the Freshman and | Elnes: Anthony Faber, Paulin Senior classes were tied with cight were as follows: Freshmen Vettel, Vernon Vrzal, Esther Wilson, Ralph Wenzel. Sophomores Elmer Benser, Roger Bertholf, Ivan Bigler, Melba Dailey, Grae Fritz, Raphael Glaser, Ruth Gordon, Olive Hall, Louise Koffel, Florence Neugelbauer, Buell Quain, Chariott® John Bird Dale, Rose fe Edna Dralle, M Susan Hawley, wendolyn Jenson, Edmund O'Hare, Whittey. Seniors Jean Eaton, Esther Eri aldine Gish, Dorothy Miller, Tilda Spitzer, Harr son, Grace Webster. Railroads Willing to Lower Rates on Emigrant Movables objection was offered by! rail- roads to a reduction. in freight rates on west bound emigrant movables at a hearing by the state railroad board here, In communications to the commis- sion the railroads advised the com sion that they were willing to ac- cept lower rates if the commission wished to order them. Data showing a disparity on emigrant movable rates from points without the state as compared with the rates on the same goods from points in Fastern North Dakota to points in the west- ern part of the state were presented by E. M. Hendricks, traffic expert for the commission. The emigrant movable schedule is the lowest quoted by the railroads and is designed to reduce the cost of emigration from east to west. GRAIN NOTES Chicago, March 9.~-(P)—Corn sp cialists continue bearish, basing the’ ideas on prospects for a moderate A receiving house here mers who have corn are not it to market in sections where he roads are good and in districts where they are poor they are not dis- rosed to offer corn to arrive. Good buying of offers on wheat was on late yesterday by a local trader who bid them up one cent without getting a large line. It en- livened the privilege traders. Artificial maintenance of r:; in Germany is being opposed, it is reported. Of a production of 8,000, Thomp- oF 000 tons last year farmers used 5 000,000 including. that used for fod- der, according to reports. The export duty of wheat has been reduced by Rumania from 3, of agents, le sunply of wheat is de- r when sumptive demant in this count; the increase, observers believe. A number of traders were inclined to be bullish on wheat yesterday in spite of the fact that bul, from the outside. A factor is the and cash premiums for the wheat in the carlot. as well as in the market r store lots. . An official estimate places the con- ‘ion of the new crop of wheat i the United Kingdom at 80 per cent of normal. Heavy rains followed by freezing ter wheat sections cause uneasine as to possible injury frequently results in, crop injur: John Barrett is still bearish on sought, He place light demand in various markets, de- spite light receints. A TEST OF YEARS Is the Experience of This Bis- marck Resident. Are you miserable with an ach- ing back? Feel tired, nervous and run down? Do you have daily headaches, dizzy spells and annoy- ing urinary disorders? Then why not take the advice. of a Bismarck and found lasting relief by using |Doan’s Pills—a stimulant diuretic to the kidneys? Here a Bis- marck case that the years haven't changed. Why not profit by it? Mrs. H. Steinmetz, 113 Second 5) St. says: “I used a couple of boxes of Doan’s Pills, from the Lenhart Drug Co., and they cured me cf a severe, dull aching through the small of my back. I had been annoyed for some time with lame- ness and soreness through my loins and a tired and languid feel- ing and got no relief until I used Doan’s Pills. I haven’t had back- ache and my kidneys have been healthy since.’ Steinmetz said: “The cure Doan’s Pills made for me is permanent.” 60c, at all dealers. Foster-Mil- burn Co., Mfrs., Buffalo, N. Y. —(adv.) ——__————— | LITTLE JOE Che ORIGIIAL EAVES~ WAS ~eicue. number of pupils on the honor roll 4 the clase the nd Bf og = e second semester marc! high wehool, according’ ton liat just AND THE SHEIKS ARE PUZZLED Thelma Amundson, Tom Boutrous, Helen Robbins, Effie Rosen, ‘Theoj| Reimstad, Lillian Reimstad, —Jane| Stackhou: Jeanne Setser, Ralph} Shern, Marion Strutz, Jennie Waiste. | Juniors i Muriel! Benson, J. Henry Barneck,| Paul Cook, Estelle! te, Mary Jane | | imon | ‘eachers’ College, Tahlequah, Fannie and Meli Adler of Broken Bow, Okla., have enrolled and they look just alike. r isn’t and the bo: one likes spinach and the othe Campus sheiks at Northwestern State Ok! all mixed up. One’s engaged can never remember which. [ simply loves chocolate pie boys never know which one. The girls are 18. jand the othe men who are willing to be shown; Too Late To Classify WANTED Man cook at Hoff Cal WORK WANTED. On farm t perienced martied couple, tate wages in fi ke Burgard, 410 Dak. 3 Our system of train- person, Room 509, Me to 9:00 p.m. DR. R. S. ENGE Chiropractor Consulation Free Lucas Bik. Bismarck, N. D. light housekeeping, suitable for one or two people. 314 Third St. Betwen Bismar land, on Red Trail, 3 Modern furnished room; suitable for one o Furnished room su n also be used for light housekeeping. OLDSMOBILE SALES AND SERVICE DAKOTA AUTO SALES CO. Are you earning less than 212 Main St. salesmen, but the prices 1,500 per metric ton, says a Broom- ball cable. The surplus in that coun- try is estimated at 21,000,000 bushels, ERE the figures are exaggerated in the on ¢ was a fair export trade. Con- ran into income in the} selling orders and there is little help light stocks of contract wheat here weather over a good part of the win- wheat. He says prices are too high nd that the world level must be emphasis on the — resident who suffered as you do ‘Do make it : ‘women pleaded ! “We must have a toilet soap as exquisite for personal use as French soaps,” they said —“but oh, not so costly!” “AS smooth, firm and lasting as imported soaps,” they de- * manded, “with that soft delicious lather that caresses your skin. And fragrant—delicately, exquisitely so. We know you can make it—you made miraculous Lux. Please!" Delightful, imperious women—we have made the soap you asked for. Made Lux Toilet Form. : Made it just as. you wanted it—like French soap. Made it by. the very method France uses for her finest toilet soap. Lux Toilet Formis satin smooth, firm, lasting—a true “¢avoncondensé.” The caressing, rragrant lather you loved in imported scaps— touch Lux Toilet Form to even hard water and you have it! It gives your skin that same velvety luxurious feeling! A'sk for Lux Toilet Form today at druggists’, department store or gracery. +10 cents, Lever Bros, Co., Cambridge, Mass. NINE YEARS LATER, Mrs. erika thi ae tit biel evenin, a larger ing ‘place was needed than any of the local churches supplied, the James evan- gelistic meetings. which vy here a week ago, decided to build a tabe: nacle, An immense structure 80 by 100 feet was started at 1 o'clock yes- terday afternoon and will be complet- ed in time for the meeting this even- ing. Its floor will be of sawdust and it will be heated by four big box stoves. CAPITOL THEATRE WEDNESDAY WM. S. HART —in. «“ TUMBLE- WEEDS” The romance, and the thrills and rapid-fire ac- tion in this big Hart pic- ture will stay in your mind forever, History is recorded in heart throbs and thrilling scenes come so fast interest never lessens, pulses never slow down. PATHE COMEDY Charley Chase “No Father to Guide Him” Starting Next Monday “THE MERRY Bubbling instant lather even where water is hard DU Dettimessaccom! |] Comeeescacese 8 || _ UAUUAEUASRNASEAUENSUGAUANEAAOONGRAOUUHEOAOAGOAOUAN