Casper Daily Tribune Newspaper, January 22, 1922, Page 37

eHnen waren mann Pena nee HMw “N INDUSTRIAL EDITION. ‘TE CASPER DAILY TRIBUNE AND WYOMING WEEKLY REVIEW BANK RESOURCES INCREASE 61.8 FINANCIAL INSTITUTIONS REAP | ~~ BENEFITS OF THRIFT IN STATE | Banks in Favorable Position as Compared to Regions Less Favored by Nature The banks of few states will make a better showing than those of Wyoming. A study of bank figures indicates that Wyoming is a thrifty state—the people patronize their banks, with the result that both the people and the banks benefit accordingly . An extraordinary growth in bank strength is shown by years 1916 and 1921. ‘During this for 1921 showed $84,561,000, in re- five-year period bank resources in, sources and $62,615,000 in deposits, or ‘Wyoming tncreased 61.8 per cent,/an Increase in five years of $32,310,000 while bank deposits increased 60.8 per|in resources and $22,682,000 in, de cent posits. The fact of outstanding Interest) When it 1s remembered that the live here {9 that the per centage of in-|stock industry, one of the state's prin- crease is not computed by using the|cipal sources cf wealth was hard hit jBigh Ggures for resources and deposits/in thx process of business adjustment ‘that prevailed during the pertod ‘of|the basic soundness ot Wyoming banks easy money that with 1920, Resources| will be more fully appreciated. show an increase of 61.8 per cent and| “The state is well supplied with deposits an increase of 60.8 per cent|banks. It has 47 national, 102 state after the adjustment which has taken | and one private bank, or a total of 150 place during the last year, In this|banking institutions serving 194,237 adjustment resources eclined 12 and! people, the population given in the deposits 16 per cent. 1920 census. rem this it will be seen last bank statement in 1916) that there ts an \tatage of one bank showed total resvurces of banks in| for every 1,295 people. Wyoming to be $52,261,000 and de-| ‘The Jast available report shows that posite $38,933,000. The fins! statement! total resources of $84,561,000 represent- HOW BANKS OF WYOMING HAVE _ FORGED AHEAD IN FIVE YEARS . GResources of Wyoming banks in 1921 “Resources of ‘Wyoming banks in 1916 Increase Increase tn five years period Deposits in Wyoming banks in 1921 Deposits in Wyoming banks in 1916 . Increase 2 ssteepeeecceseere “Increase in five-year sees 60.8% + » 4&7 ter oon ee LOB 2s wees lO $41,530,000 + 21,085,000 + $62,615,000 +.» $322.36 Wyoming Scenic Attractions Unequaled ed $54,812,000 in national and $29,- 749,900 dn state and private banks. Capital stock of national banks amounted \to $3,090,000, whiie that of state and private banks amounted to $3,135,000. National banks had §3,- 601,000 and state and private banks $2,819,000 in surplus and undivided profits. Individual deposits (time and do- mand) in the national benks of Wyo- Deposits in banks under state supervision were ming were $41,530,000. $21,085,000. On the basis of the last census, at the end of 1921 there was on deposit in the banks of Wyoming an average in the In the number of banks Casper and Sheridan rank first with seven banks Cheyenne comes next Cheyenne, While not|of the way when not in use. For the of $322.36 for every person state. in each city. with six banks. ranking first in the number cf bahks, View of the Canyon on Cody to Yellowst one Scenic Highway. Pig Horn county ranks first with 14. Campbell county with only two’ banks is last in the number of banks per county. The banks of Wyoming have been and will continue to be, a great tactor in the building up of the state by fi- nancing industries ard by helping to promote any enterjcise which will benefit the community in which the banks are located and, consequently, Drawerlike Seat Slides Into Side of Auto Body An extra seat, which pulls out of the side of the car body Uke a drawer, js a feature of one of the latest model run- abouts. Ths back a-d armrests fold into the drawer. which Is entirely out .|comfort*ef the occupant. a short run- ranks first in the\total deposits and ining board is provided, a section of total resources of its banks. which brace. is hinged ‘so that it can be In the number of banks per county, raised to form a footrest cyt PAGE THREE PER CENT IN LAST FIVE YEARS IREVENUE COLLECTIONS TOTAL OVER SEVEN MILLIONS SINCE STATE WAS GIVEN OFFICE feaesc of Over 8,000 in Nuumber of Persons and Cor-| iii far men's and wos porations Making Returns Shown in Last Year Serta bees tn) 3 on amounts en's wearing neckwear, on articles - . ered luxuries now Changes in New Law Explained > manufacturer: The tax on sales of jewelry, real or imitation, is five per cent, and is BY M. S. REYNOLDS. reduction of taxes and should be wel-/ payable by the vendor. The tax on ‘ Internal ue Collector, comed by the tax-paying public. The)the sale of works of art (paintings, |principal changes effective on Jan-|statuary. art porcel and bronze) uary 1, 1921, under the 1921 act fol-|is reduced from 10 ive per ce lows: |r le by the vendor, Credits Aliowed Individuals. } original sale by —_— Wyo. During the past year, the number ae Bae 3 of persons and corporations paying hue ribboy at the St. Louts world’s! income taxes and filing returns as tho . fair. : United States rrvenue collector's of-| Married persons Itving with husband . OF to an educational institu- Other private beidings are even|fice in Cheyenne jumped to 51.092, a/ °F wife, or the head of a family, $2,-) ton OF Dubie mat museum. OF tM tcles larger than the land held by the Chi!- gain of 8.000 over the preceding year.|500 if the net income is not in ex-|by & rscognized dealer in such articles cago Fuel and Iron company but so| In tho two years that the internal|ce#s of $5,000. If the not income {s|'? “nother such dealer for resale, far have been undeveloped. The iron! revenue office has been open at Chey-/!" excess of $5.000, the exemption is| The rate of tax on the manufacture ore that is now being shipped to Pu-|enne a total of $7,061,148.74 has been| $2,000; $400 additional exemption is al-|of candy is reduced from five per cent eblo runs from 80 to 100 per cent pure! collected from the people of this state.jlowed for each dependent. The ex-|to three per cent. and nm total in excess of $1,000,00f ‘One of the remarkable achlevements|@™mption allowed single persons re worth of copper ore has been shipped/of the office is that it has carried ‘on{ Mains at $1,000. ! ee ees out in recent years. the vast collections at an inopportune, _ Returns Duo on §5,000 Incomes. ‘The Hartyill8 uplift contains many)time, at a total cost of two percent. The new act reguires every individ ether mineral deposits which naye yet| This two percent maintains a force/Ual having a gross income of $5,000 been undeveloped with the exception|ot 26 employes, 16 office people and or more, to make a return, regardless of the lime rock, now uséd in many/10 field deputies, and is also charged|f his net incom sugar factories in Nebraskis and Colo-/ with furnishing and equiyplag the rev-| -Traveling expenses ling t rado and which runs 98 per cent pure.| enue collector's office In the city-coun-| entire amount expended for meals a: The ofl development of the region.) ‘¥ » ing at Cheyenne. ledging) while away from om businées are a deductable expense. centered in the nearby Platte river Office Opened in 1919. us -Aacoling- ace now taatoaes -s: Gnelt | structure, promises well. A company! ‘The internal revenue office for the) exempt income and need not be re-| r af which G. O. Houser of Guernsey is| district of ‘Wyoming waa opened De-| ported: : [aretiten: J.B. Bear of Chicago, vies}cember, 1, 1919, being. well quartered!” Amounts received under the provi | pre: ; L. Karcher, of Chicajin the new ¢! and county building sion of war risk insurance and voca-| ¢ Ne apes « = nk Horaan)at Cheyenne, with a force consisting) tional rehabilitation acts, and all pen. Colo, field superin-| of 26 employes, 16 of whom constitute] sions recely a Roig | tendent, is preparing to test t ban eevee, Seven Sy a company anc struc-|the office force and 10 the fi~4 force:| United States and. paid because of serv-| Rope AbOronehiss |, ToS ecy bas | Since the opening of the office, thelice in the military or naval forces in| a ponaatied big acreage under Iwaso which will be'eollectiones from the district of Wyo-ltime of war. Likewlae, the rental| © tiasrase benena rs developed with eastern capital The!ming have amounted to a total of $7,- ® about 9,000 and. the town, les ak. value of a dwelling furnished « min- structure is part ot the Tertiary for- ister of the gospel. 61,146.74, which amount was collected altitude of 6,260 fee: mation, well delineated with under-| gi an expense of less than two per ock Springs bas excellent schools lying oil bearing formations. The test|Sont, including the purchase of new Corporation Tax Raised. = | and fine churches. Extensive busi- will be made with & combination ro-jequipment and furniture. It fs very In regard to corporations, the $2,000 | ness blacks and fine residences char- specific exemption fs granted q to] ac those domestic corporations whose net income is $2,500 or less, ~beginning| with the calender year 1 ‘The rate of tax for the year 1921 has not been changed, but effective January 1, 1922, that rate of tax is increased 10 per cent to 12% per cent; the war profits and excess profits taxes being repealed, effective as of the above montioned date. Certain taxec, among them the so- called “nuisance” and “luxury” taxes, | are repealed. effective January 1, 1922, by the revenue act of 1921. Fountain Tax Cancelled. Patrons of soda water fountains, ico cream parlors and “similar places of business" no longer are required to pay the tax of one cent for each 10 cents or fraction thereof on the amount expended for sodas, sundaes, “or simi Of vital interest to every taxpayer |lar articles of rood or drink.” The tax jat this time are the changes made by|{mposed by the revenue act of 1921 ts Santdlis’ cayenne Geen when/the new revenue act of 1921, which|on “beverages and thg constituent Giisen Wisanoth, re shown {0)was recently passed by congress and| parts thereof” and is paid by the man- pan approved by the prosident on Nevem-| ufacturer... ber 23, 1921. The tax on the transportation of This act, although a temporary one,| freight and passengers is repealed, ef fective January 1, 1922, also the tax tary and standard rig equipment, 11) ai¢ficult at this time’ to even estimate oll is hoped to be found ata depth of what the collections will be for the from 1,800 to 2,200 feet, coming year, owing to the changes Local business men of the vicinity/under the new law and to financial are waiting the outcome of this test/conditions existing throughout the to promote the building of an tron andj state. copper smelting plant. If gas is de-) yt win be of interest to the general acces fel wool nasistn Gt tpt eeeT ey ene aera epee thls 4 im office is now rated as one of the very door of the mills with no long haulipest; its accounts are at all times In Choe the fuel cr the ann, ages fF | perfect ‘balance and its work ia kept U ee. uc Sl up. to. th fnute. plant would mean untold deve'opment|°? ‘° cant = ee 7 for the state as a whole and tne town wy tredlige mes Ree EL of Guernsey In particular. During the past 12 months, there In the meantime Platte county rost:| Were flied In this office 51 092 revenue dents are forging ahend in thes cs.|Teturns, a gain of more than 8,000 over ablished forts of business secure in|the Preceding year. The Usting, in- the knowledge that the future holds! 4¢xing, auditing, and checking of theso much in store for that part of the|feturns requires a large force which tate, must be well versed on the various revenue laws, acts, and regulations. all iding costing a high school building cost. ing $80,000 and o postoffice costing $90,000, are among the most impos- ing structures tn the city. A state spital recently turned over toy Sweetwater county, through a mens- ure passed by the last legislature, ts, located’ here. Rock Springs 1s the freighting cen- ter for the Pinedale rich agricultural and stock raising regi fav bt ark: modern Trench maps, which were printed. for military use on strong canvas, are now being used in England to make Inner soles for tennis shoes. MINERALS Can locate for you, Graphite, Asbestos, Mica, Hematite, Paint Ores, Talc and Gypsum. W. H. VIVION Box 1945, Casper, Wyo. oo ee ‘The scientific study of electricity In some rural districts $0 per cent! of the inhabitants own their homes. aA Che CasperNational Bank, Casper, ys. Established 1889 - Capital Nationalized 2.03" $ 50,000 . 150,000 The experience of thirty-two years continuous operation and our 1921 methods and equipment are. at YOUR SERVICE. OOOCOSOOSOCO - COMMERCIAL SAVINGS COLLECTIONS ESCROW SAFETY DEPOSIT BOXES FOREIGN EXCHANGE—INVESTMENTS . ©OSOO000069 You May Send Your Wyoming Items to Us With the Assurance That They Will Have Prompt Attention. + TAYLOR & CLAY Inc. CASPER, WYOMING Ground Floor, (Oil Exchange Building WYOMING’S OLDEST AND MOST EFFICIENT BROKERAGE HOUSE. Dealing in STOCKS BONDS GRAIN COTTON FOREIGN EXCHANGE Service That Serves Our private wire to all leading markets of the country assures you quick action on quotations and results. INFORMATION REGARDING WYOMING LEADING OIL COMPANIES FURNISHED UPON REQUEST. =z \ ae | sos