The Daily Alaska empire Newspaper, July 9, 1936, Page 7

WAAL --v PATCH MAH PANTALOONS -- EF HIT HAIN'T SNUFFY SMIF AN' WHEN DID YE GIT OuT, SNUFFY 722 AIR YOU-UNS (NSINNERATIN' 1 BEEN (N JAIL AGIN, GUSTUS TOM 22 WHY--YE BLASPHEMIOUS OL MUD-TURKLE--- FOR TWO SHAKES OF COME ON SNUFFY--- TIME'S A-WASTIN' - The cameraman caught these personalities as they visited the Democratic convention at WE'VE 1 BUSINESS TO TEND TO--- YOU MUSTN'T BE PICKIN' FIGHTS WITH ot Philadelphia. Left: Gene Tunney, former heavyweight champ, sat in a box with Mrs. George H. Earle, wife of the Penn- sylvania governor. Top right: a Landon badge for James Roosevelt/ Oh no, it's Mrs. Leslie Wallace, Kansas delegate, fastening a sunflower to his lapel. Sunflowers, she said, don't mean Landon; they mean 5. Bottom right: It's none otker than Dizzy Dean, who strolled in from the ball park to help ouf the demonstration. Stratosphere Balioon ‘Talks’ to Operators HELSINGFORS A new type st little more than promises to m tions miles above the in uninhabited regions polar lands. The ballcon, c atus which automati air pressure and temperatures regular intervais, reached a height of almost 13 m in a test flight here. Hailed as an innovation in stra- tospheric 1 the new paratus weighs less than 18 pound e equipment equipment, invented by two other. They contain a thermometer, an aneroid barcmeter and a small radio send- er. The nder is powered by two cmall stor. batteries. Recovery of the ba not nece: to the succe Finland. spheie A yard in diameter July earth like even the AMERi(A'S FAVORITE ...now a bigger- than-ever “buy”! Quit sacrificing whiskey qual- ity because of price. -enjoy rich-tasting Green River at everyman's price! “OLDETYME DISTILLERS, Inc., N.Y.C. 90 PROOF. .20% straight whiskey s 155 —1 year old, §%—7% yeors old, 80% neutral apirits distilled from grain. (Associated Press BANNER JIBES Photos) KANSAS e HOW $ivE This large sign was one of several aime: lican presidential nominee, which were car oon £ED THE BUDGET! xpLEE RATIC AT LANDON at Gov. Alf Landon, Repub- ied in the Democrats’ dem- onstration for Franklin D. Rooseveit after his name was again placed in nomination for the presidency. In this case it was Landon's own state, Kansas, which jited at him. (Associated Press Photo) findings made ‘The Finni tizcn intends icn to Spit > temperature str are telegraphed as they h Geophysical Associa- send a study excur- ergen this year to observations in tesphere with Dr. Vaisala’s -+ Eelgrade Bans Chicago On Map of Yugoslavia PETROVGRAD, Yukoslavi 9—If Belgrade officialdom hadn’t put its foot down, this town would have been named for Chicago, IIl. Orders that Yugosl: place- names be changed to remove for- mer Austrian and Hungarian con- notations, meant that many com- munities took the names of Yugo- slav patriots, heroes and kings. without more ado. Not so Veliki Beckerek, whose residents believed the town’s rep- utation for lawlessness was like o’s. The proposal got to the but a government official vetoed it promptly by telephone. So Veliki Beckrek became Petrov- grad. R MRS. BAYER HAS OPERATION Mrs. Kenneth Bayer of Anchor- age was operated on recently for appendicitis. July She is reported con- | valescing nicely, . Here are two camera closeups of demonstrations in honor of President Ro convention floor after his name was put before the delegates for renominatiol Boettiger (left), daughter, and Mr: cheering. Right: Marian Fore, the Tex; drowned after he had been sur- GOT (MPORTANT oL XX NO (INTELLECTIBILITY AT ALL _/ ‘Small Business ~ Facing Tax Now F;fiegu 7Per Cent new revenue law in the last few of the recent session, reveals me mall Alaskan corpora- s will be ed to a flat in- 15 p nt or passed by Con hour: subje of continue to pay ate (starting at dividends stock corporations. , will be subject earning less than 8 per cent on the net income, plus s on succeeding amo 5 A flat 7 per cent surtax stributed profits. . The latter uniess the corpora- ess than 10 per cent , or, in other words cent or more of its in- n dividends. In addition to ere 11 be an of 5 per cent ing mor than 12! isted valuation. And on the de- d valuation, to be filed in July at the rate of $1 declared value. only the rarest of corpora- tions will pay a lower tax than for- merly. The corporation paying 90 jer cent of its current earnings in dividends and earning altogether less than $2000 wiil pay 8 per cent tax, with somewhat higher rates on earnings over $2000. However, very few corporations can pay such high dividends. Instead. funds must be for expamnsion “and reservée There are, of course, so many angles to the vast new law that a comprehensive summary is impos- sible. Here, however, are the prin- cipal provisions as thcy relate to corporations: On the first $2000 of normal-tax | net income 8 per cent ($160) On the next $13,000, per cent ($1500) On the next (84840.) On all net 15 per cent, Besides this normal tax, a surtax cn undistributed profits is provided. The undistributed net income thus to be taxed means the adjusted net income minus the sum of the divi- dends actually paid to stockhold- The Surtax will be as follows: 7 per' cent of the portion of the un distributed net income which is noi in excess of 10 per cent of the ad- Jjusted net income. Twelve per cent of the portion cf the undistributed net in is in excess of 20 per ce justed net income Seventeen per cent of the portion of the undistributed net incomc which is in excess of and not in excess of 40 per cent of the adjusted net inccme. Twenty-two per cent of the un- distributed net income which is in >f 40 per cent and not in ex- s of 60 per cent of the adjusted ! net income. pay come normal tz ss profits tax r earn- per cent cf their ax will b 000, 13 per cent income over $40,000 e which t of th UTS FOR PRE James Roosevelt, daughter-in-law ‘GUSTUS Tom ! HE'S TH' CARNSARNDEST Bount 20 per cent 5UBJICK GO BACK RIFLE X M @6 1 Twenty en per cent of the por- | tion of the undistributed net income which is in excess of 60 per cent! | of the adjusted net income. However, banks and insurance | companies are exempt from the sur- | tax, except that their normal tax rate shall be 15 per cent instead of | the graduated tax provided for oth- er corporations Corporations under specific con- | tract not to pay dividends unti | wiping out obligations also will pay only a flat 15gper cent tax. | Also, small corporations—that is, | those reporting an adjusted net in-| come of less than $50,000—will be allowed a surtax credit up to $5000. This, in effect, will limit t1 to be paid by such corpo: 7 per cent of the undistri it. Only corporations ¢ than $50,000 will pay bracket surtax. All, however, must pay the spec normal tax of from 8 to 15 per cent. | ‘The income tax paid by a corpor-! on is not deductible as an «‘K-’ > in computing normal income | tax. In other words, though it is| an expense that must be paid, th law does not recognize income tax ! as an expense and a tax is impos n the Howeve computi the surtax, the it paid as nor mal tax may be deducted i - | the higher-| tax Amof The $30,000 bounty fund for been usted to ~Oscar Olson, Territorial | Treasurer, and until the next Leg islature meets to appropriate furth er money receipts are being issued | against a probable deficiency ap- propriation. Bounty of $2 each is paid for hair seals and 15,000 of ) | them 'have been brought in since !the appropriation was set up by the last Legislature. [ The eagle bounty fund of $10,000 is nearly exhausted, he ported. One dollar each is paid| on eagles. [ The wolf and coyote bounty fund | |has been exhausted since April and receipts are being issued payable when the Legislature appropriates additional money. The bounty on wolves. and coyotes is $20 each,! raised $5 by the last Legislature e BURNING PERMITTED | WITHOUT U. S. PERMIT hair accord- has also re- Burning of debris, brush and so forth in the open is now permissible without permit, it was announced | today by the United States Forest ice. The heavy rains of the last few days has eliminated the denger of forest fires, Assistant Rezional Forester Wellman Hol- ook anncunced. | During the hazardous dry spell,| e of the most unusual in South- Alaska, the Forest S ice was forced to put up a barrier against outside burning - | SHOP IN JUNEAU! SIDENT RUOSEVELT evelt on the Democratic Left: Mrs. Anna Rosevelt of the President, helped out in the picked as the convention's beauty queen, joined in from the shoulders of a Texas delegate. Beside her with arm upraised Wds Jesse Jones, RFC head. (Associated Press Photos) JAILS HEV ALLUS BEEN A MOS' ONPLEASANT AN' SENSITIF I _HEV A GOOD NOT(ON TER ‘GUSTUS TOM'S PUNKIN HAID [Former Alaska Steamer Is |1 yon Hair Seals Exhausted Receipts Will Be Issued in Future Until Legislature | Makes Appropriation | 5 \ rcunded by officers and mem- bers of the ship’s ciew. vessel at that time wa: a twenty miles off shore. Wise, who attempted charge of the engine toverpowered by the crew and put in irons. He was tried, found in- sane and sent to a Federal insti- tution near Washington, D. C. Captain Brennan’s heroism rapid promotion for him he later was master of importan units of the coastal flcet the Admiral Line. He commanded naval transport Yale in water |ed as agent at Hongkong and lly become operating manag |the Pacific Stezmship Captain Brennan is now a residen f Portland TER ME, GOOGLE --- 5 room, wa take AN' BOUNCE A BALL OFF'N won and of the The Admiral Evans was built in Toledo, Ohio, in 1901 and Iaunched as the Buckman. She played an important part in the Alaska and coastal trade as a passenger and freight carrier for a quarter of a century. ADMIRAL EVANS BEING SCRAPPED miral Evans was idle in Portlanc with only a caretaker, Herbert A Tucker, her former Chief Engineer Junkod Early Day and. his. cat, Blackie, aboard. The Pirate Case (Seattle Daily Times) Sale of the old steamship Ad- miral Evans for scrapping recalled to veterans of the Seattle water- nt the daring attempt more than years of two mod- day armed with a d-off shotgun and a revolver seize the ship and steal a con- iment of gold bullion they sup- posed was aboard The Admiral Evans, a the Buckman, was steaming in im weather bound from Seattle n Francisco August 21, 1910, when two young men, French West and George Washington Wise, who bearded the vessel in Seattle as killed Caept. Edwin B. took charge of the ship Calif, intending to five ago, pirates then known ¢ COMMERCIAL Eure beach her Capt. R. C. Brennan, Chief Of- r, took over command of the vessel and fought a revolver duel with West after he killed Captain Wood in the pilothouse West obtained a life preserver, jumped into the sea and was A Person-To-Person CONVERSATION with 5,000 MEN and WOMEN If you had something to sell and were able to cail up \and tell people about it vour chances of \making a sale would be pretty good, \vm!“dn't they? But you can’t go to the trouble and ex- pense of centacting these people on the telephone. But you can tell them about it, person-to-persen with an Empire Want Ad! Approximately 5,000 people read The Em- pire every day. And every day man) dollzrs’ worth of business is transactec threugh Empirc Want Ads. If you have something to sell, if‘yuu want to buy semething, let us ‘connect you with the right party. There are no “wrong numbers” with Empire Want Ads. EMPIRE WANT AD§ ARE ECONOMICAL! PHONE YOUR WANT AD TO THE DAILY EMPIRE FOR QUICK RESULTS! N ) during the World War, serv- For more than a year, the Ad- vessel is now at the Zidell-Stein- breg junk yard in Portland, where cetyl torehes-and other eq used in - o> Fish Bite Too Fast fou c $25 and cost - JUNEAL BHOP IN FiF Thousands of Corns Removed callous quickly It is pro- CORN. If you inate ¢ corn or AT C ones who corn stubborn to the Butler-M. 1 EN' cent 2 i s The First National Bark JUNEAU CAPITAL—$50,000 SURPLUS—$50.000 [ ] AND SAVINGS ACCOUNTS SAFE DEPOSIT BOXES 2v4% Paid on Savings Accounts