Evening Star Newspaper, February 24, 1922, Page 26

ADVERTISEMENT Colds That Develop Into Pneumonia Chronic coughs and persistent colds lead to serious lung trouble. "You can stop them now with Creo- mulsion. an emulsified creosote that is pleasant to take. Creo- mulsion is a new medical discovery with twofold action: it soothes and heals the inflamed membranes and kils the germ. Of all known drugs, creosote is recognized by the medical frater- nity as the greatest healing agency for the treatment of chronic coughs and colds and other forms| of throat and lung troubles. Creomulsion contains. in addition to ereosote, other healing elements which soothe and heal the inflamed | membranes and stop the irrita- | tion and inflammation. while the creosote gaes on to the stomach, is absonbed into the blood, attacks the scat of the trouble and| destroys the germs that lead to consumption. Creomulsion is guaranteed sat- || ed from 1 ||| demana. BY PHIL 8. HANNA. Spectal Dispatch to The Star. DETROIT, February 24.—The most cheering thing about the business {outlook here has been the daily ad- {dition of about $15,000 to Detroit's pay rolls. Employment has been | steadlly increasing and pay rolls are Inow about $5,000 higher than at any | time fn 1921. In the last week total ! industrial employment here has jump- 00 to 181,000. Workers {and reports from labor igencies in- dicate there Is no slackening in the he greater part of the in- ! crease is in the smaller plants, which releases of orders ‘are 'EMPLOYMENT GROWS STEADILY: DETROIT PAY ROLLS LENGTHEN ‘Salary Lists Now About $5.000 Higher Than at Any Time During 1921. Farmers Paying Cash. receiving | placed long ago. ‘ The automobile parts business 1s particularly active and has been stimulated by the increased manu- acturing schedules of the larger motor plants. The Ford plants are |still on a four-day basis, but output |1 increasing and there are prospects of a return to the regular schedule. In retail trade, the low-priced de- partment stores are doing a record business, while stores handling high- er-priced lines report a_generous re- sponse to February sales. The re- ntly announced four-million-dollar expansion program of the Pere Mar- quette railroad has brightened pros- pects for the railway supply firm: Farmers are paying cash for many of | isfactory in the treatment -of chronic” coughs and colds, bron- | chial asthma, catarrhal bronchitis and other forms of throat and || lung diseases, and is excellent for (|, building up the system after colds || or the flu. Money refunded if unyl ! cough or cold, no matter of how | long standing, is not relieved| | after taking according to direc- | tions. Ask-your druggist. Creo-li | mulsion Co., Atlanta, Ga. BERMUDA—CUBA MEDITERRANEAN CRUISES WEST INDIES CRUISES CARIBBEAN CRUISES CALIFORNIA AND HONOLULU Via PANAMA CANAL Europe, Orient, South America Steamship Tickets—All Lines OBER’S Steamship and Tourist Agency, No. 1 Woodward Building Phone Main 1089 ——— ASS Mirrors Resilvered If your mirror is misty or spotted let us resilver it and make it like new. Write or phone. Founded 1864 HIRES TURNER GLASS COMPANY Rosslyn, Va. WASHINGTON, D. C. Juniper Tar COMPOUND Throat 350 a Bottle ; 2 Doses Ghe Cent DONT EXPERIMENT This old reli- able family remedy has relieved thousands-—it will relicve you=e Yry it Today. AH! EPSOM SALTS NOW LIKE LEMONADE — Epsom Salts made Tasteless with Fruit Derivative Salts Enjoy all the splendid physic-action ©on the bowels of a dose of epsom salts without the awful taste and nausea. A few cents buys a handy package of “Epsonade Salts,” the wonderful dis- covery of the American Epsom Asso- ciation. Even children gladly take it. Drug stores. N g This will fix my cold hard, stubborn co{ds and stops t'ii ms of coughing. No harmful drugs, but just good medicine. All Dr. King’s New Discovery For Colds and C’o'ughs Stubborn Bowels Tamed. Leav- ing the bowels unmoved results in health destruction. Let the ly stimulating Dr. King's Pills bnng to you a regular, normal bowel function- ing. 25cents. All i PROMPT! WON'T GRIPE ) A Klng’s Pills \ their purchases. Atlanta Building Scores Record for Many Years BY RALPH SMITH. Special Dispateh to The Star. ATLANTA, Ga., February 24— ‘The building activity which struck Atlanta the end of last yeur has gained momentum every week since’ that time. Lurge operations now be- ing carried out have gone far to solve the problem of unemployment. ‘Building permits so far this month total $690,000, which exceeds the to- tul for that month of uny previous year save one. Apartment houses are going up in every section of the city and home building has assumed large proportions. The rural districts are feeling the benefits of the $13 a bale advance in the price of cotton since January and frozen credits are thawing out. P’lant- irx',\ will not be able to spend much on fertilizer this spring, and consequent- 1y another short crop is likely, espe- cially in view of the battle with the boll weevil. | “purchasers of land : idon have formed a c the purpose of bu Camp Gor- poration for the water the ng works and sewer system built | War Department during ho: ble of housing comfortably 000 people. Auwtomobile d in a more optimistic fram than for many months past as a re- sult of the business developed during the recent Atlanta automobile show. Are Proceeding With Plans for a Heavy Spring Trade BY J. N. FIL to The Star. February 24—The pos- sibility of strikes of rail and mine workers is having no effect what- ever on commerce in this section. {Merchants and manufacturers are proceeding with plans for a heavy spring trade with strongest con dence. Two viewpoints are express- ed in this connection. One is that railroad labor leaders would have difficuity in inducing the men to leave their jobs and that enough mines will be operated to supply industrial coal demand. The other is that any strike that may occur would be of brief duration and would serve to stabilize conditions thereafter. . . Besides constant stabilization through price and cost reductions, there are substantial signs of aug- mented general buying power in this territory. Money is seeking invest- ment, great preparations are being made for building and road construc- i and concerns which furnish ma- terials and tools for such work are arranging for increased operations in a few weeks. Manufacturers of paints, roofinz. brick and cement re- port more inquiries than ever before 2nd many of them announce that plants which have been closed will be reopened in March. Buyers from all parts of the south and west are flocking to the manu- facturing and jobbing establish- ments. and while purchases are con- servative, merchants express the most positive conviction that Business will be heavy. Commodity Reports From Various Sections Flour. SEATTLE, February 24 (Special). Millers have raised flour prices to ] a barrel for family patents. NIONTOWN, Pa., February 24 ial). — Fluctuations in flour prices, with movements in wheat, have confused the retail bread mar- ket here. Some bakers advanced the price from 10 to 12 cents, while one is selling three loaves for being of the same weight. of mind Automobiles. SYRACUSE. N. Y. February 74 (Special).—The Franklin Motor Com- pany plans for the production of ils new air-cooled four cylinder car con- template the employment of 2500 persons. It is planned that the piant will build these cars and have a one- shift capacity of fifty cars a day. ‘Wool. KANSAS CITY, February 24 (Spe- cial).—Wool growers of this section expect to find a local market for their clips when the project for th® start- ing of a woolen mill at the state penitentary is put into effect. , Men CHICAGO, February 24 (Special) Demand for meats is on a healthier basis this week than for some time. oil. NEW YORK, February 24 (Specfal). —There is less disposition to shade prices in lubricants in this market and inquiry is better. ‘ Shoes. NEW ORLEANS, February 24 (Spe- cial).—Jobbers and manufacturers of shoes report increasing orders in this territory, especially from the coun- try districts. Sales for January and February are well ahead of "those for the corresponding months last year. Furniture. | GRAND RAPIDS, February 24 (Spe- cial).—Furniture sales throughout the country have been far better in February than they were a year ago. Factories here are working full forces. Clothing. MINNEAPOLIS, February 24 (Spe- cial).—Wholesalers and jobbers in this section are forecasting higher prices for clothing at retail In the near future. Coal and Coke. BROWNSVILLE, Pa., February 24 (Special).—The Century Coke Com- pany, has resumed the operation of part of its ovens. Additional ovens will be fired in the near future. YOUNGSTOWN, Ohio, February 24 (Special).—Steel mills" in this "dis- trict are accumulating stocks of coal and coke in anticipation of trouble at 5 cents, all| ¢ . ’ t THE EVENING STAR, WASHINGTON, D. O, FRIDAY, FEBRUAKY 24, 1922. FEDERAL INCOME AND the mines. Rajlroads report a much heavier movement. | Live Stock. | ,TOPEKA, Kans. February 24 (Spe- cial).—The optimistic feeling of itve | stock producers in this section is re- {flected by the increased demand for brood sows. Steel. CLEVELAND, February 24 (Special). | —Manufacturers of nuts and bolts report a pick-up in orders. This is one of the first lines to feel the stimula- tion of better times, mill men say. CHICAGO, February 24 (Speslal).— {The Great Northern Rallroad expects to order 2,500 refrigerator cars in ad- dition to the 500-already orderer, steel men report. The Chicago, Milwaukee and St. Paul road is shopping for cars {and will place orders for fronf 5,000 to 6,000 soon. . Rallroad. OMAHA, Neb., February 24 (Spe- 1ecfal) —The Union Racitic is arrang- ing for the purchase of 4545 cars of varjous description: Bricks. NEWCASTLE, Pa.. February (Special).-—The Castle Brick Company will place its plant here in operation 4s soon as repairs are completed. Notes. LAND, February (Spe- —Vessel men here report the ore movement this year will be heav. ier than that of last year, when 22, |300,726 tons were moved. An early | start is not looked for, however. Ore shippers expect a cut in Irke carrying rates and handling charges. It is be- lieved the chartering will not become active until after April 1, when the coal miners'’ wage scale controversy comes up. There is ampie stock of ore at lower lake ports. Heavy s@cks {of grain in storage at Kor: William and Port Arthur are expastcd to fur- nish some early lake tonnage. PHILADELPHIA, February 24 (Special).—Decision as to the selec- tion of a director for the Philadel- phia sesquicentennial exposition, to be held in 1926, is being anxiously awaited here. I2dward Bok, former editor of the Ladies’ Home Journal, has guaranteed a salary of $50,000 a year for five vears to Herbert Hoover |Provided the Sccretary of Commerce is appointed and agrees to serve. MINNEAPOLIS, February 24 (Spe- cial)—City officials are considering expenditure of §1,000,000 in street im- provements near the business venter to improve traffic conditions. ; Washington Stock Exchange ALES. ons. Sx—$1,000 at Hi1;, .3 at o d Trust Compan; 10, 1 at 232 CALL. Light—25" at 48%, shinglon Gas 35—$1,000 at 894, $1,000 U1, pital Traction—15 at 9345, Mergenthaler Linotspe—l0 at 143, ~ Washington Kaiiway and Electric 24 1 at general Washington Gas Light—25 at 451, 25 at Money—Call loans, a6 per ceut. Am. Tel. and Tel. cul. con tr. Telephone 33, Tel. of Va. 3 | Traction R. K. 5 Alex. Baito. cordance with the foregoing should MIS be on form 1120, on wkich should be }:::i: ;‘fl"; e tong). written plainly across the face “Ten- s reon Matk tative return.” Only the name and Washington Market wddress of the er and the esti- W. M. Cold Btors lllul{;'(: amount, if any, on the tax due, c need be siated. STOCKS. 1 Any deficiency in the first ir N TILITY ment as determined upon subm American Tel. uml Telg of the final return will bear inte Capital Traction . Washington Gas . Yorfolk and Wash, Sieamboat 1 i PURLIC incoln ipate a lively call for extra trousers Riges to be worn with coats and vests Second ...l000 16" | which have outlived the usefulness of Washington . 5 200 |trousers. That economy:. s notice- TRUST COMPANY. - able also among custom tailors who American Secarity and Trust.... 28 23 |cater to the more exclusive trade. St 1The majority of men ordering tailor- National Savings and Trust i Ih 3 DEgIL 2 S tinal |made suits, it is said, are having ex- Washington Loan and Trust 399" | trd pairs of trousers made with regu- SAVINGS BA! | Commerce and Savings. East_Washington ants’ . - Security Savings and Com. nth Street . jon. Savings U. 8. Savings .. ! Wushington Mechanies® . | FIRE INSURANCE. | American Ariington Firemen’s National Unl fon TITLE INSURANCE. Columbia_Title 5 | Rteal Estate Titte 9 MISCELLANEOUS. ’ Columbia Graphophone com ay Columbla _@Graphophone pfd. 107 1 D. C. Paper Mfg. C CEN rn Mel 110 ants’ Transfer and Storage ..... Mergenthaler Linotype . 144 014 Dutch Market com. Old Dutch Market pf Lanston Monotype Recurity ~Storage Washington Market . *Ex-dividen: —_— STAPLES TO COME BACK. NEW YORK, February 24.—The be- ilief that staple fabrics will return tq the fore much sooner than is gener- ally anticipated is growing among the more conservative merchants. Even proponents of novelty fabrics admit that the market for those goods is likely to change at a mo- ment's notice. They are doing a good business, however, and are among the few retailers making prof- its in these days of slack buying. Novelties are admittedly a_passing | |fancy ana sooner or later will be de- serted with the fickleness that char- acterized their approval. —_—— MARYLAND LEAF TOBACCO. BALTIMORE, February 24.—Offerings for past week were even smaller than, before, totaling sixteen hogsheads, new receipts and forty-nine relnspections. Sales totaled seventy-nine kogsheads. There Is a good demand for all to- baccos suitable for cigarette purposes, but very small offerings. Maryland prices per 100 pounds—In- ferior and frosted, 3.005.00; sound com- mon, 6.00a10.00; good common, 11.00a 17.00; medium, 18.00a30.00; good to fine| red, 31.00a45.00; fancy, 48.00a50.00; sec- onds, common to medium, 5.00a17.00; seconds, good to fine, 18.00a30.00; bay to- bacco, ~ fire-cured, 15.00a55.00; upper country, air-cured, nominal; ground leaves, new, 2.00a23.00. Stock in warehouses—Maryland, 15,528; Ohio, 3,802. Total, 19,430 Ground leaves to date, 633 hogsheads. 145% 5 “..| NEW YORK, February 24.— Re- 150 | ports from manufacturers of sales of 170 {separate trousers tend to relieve the clothing -industry of pessimism. Early season orders indicate that AGTION DISMISSED ON GRAPHOPHONE Petitioners for Receivership Withdraw Plea in Dis- trict Court. Recelvership proceedings brought agalnst the Columbia Graphophone Manufacturing Company in the United States dlistrict court at Wilmington, | Del, ended abruptly Tuesday as a result of willingness on the part of the petitioners that action should go no further. Judge Hugh M. Morris granted dismissal of cothplaint, With | costs to petitioner, and denied appli- cation for receivership on the basis of | Statements filed by the defendant, re- citing consent of creditor intcrests representing an important portion ot labilitles for extending these claims. Attorneys for the petitioners, in opening for their clients, stated that although they had experienced a logs of upward of $100,000 on the 3,000 shares held, the chief grievance was that they had not been kept informed of the progress made by other credi- tors. Interests to Be Safeguarded. In view of details laid before them since application was made and as- surances given in writing that their interests are being safeguarded and that investigation will be made of points raised in their petition, they do not desire to hinder proposed re- habilitation. Answer for filing was offered by at- torneys for respondents, und the an-i swer was accompanied by certain affi- davits. Summary of the contents of the affidavits, based on the company's | statement as of December 31, 1921, was given, and George S. Franklin of New York, representing the bank, merchan- dise ‘and supplies creditors and note- holders, expressed their expectation of | tiding ‘matters over to a successful conclusion. A short affidavit by M. M. Buckner of the creditors' committee was also read. Equitable Life Shows Gain. ixty-second anual statement of uitable ‘Life Assurance Socicty nited States gives evidence of | the company’s continued prosress, s itten in 1921 totaled | ,193,000, exclusive of $30,114,000 of | Broup insurance. The outstanding in- surance on December 31, 1921, had passed the $2,800,000,000 mark. Over $83,000.000 was paid to policyholders | end beneficlaries during the year in| death claims, matured endowment, divi- | dends and annuities. { The total payments to policyholders ! since the organization of the Equitible | in 1859 exceed $1,450,000,000. Ths as- sets are $655,301,000, an increase of $28,000,000 over the previous year. The report showed further that the mortality rate for the year was the lowest in the entire history of the com- pany. Relmer Company Moven. Reimer & Co., security brokers, for- merly located in the District National Bank building, yesterday took up new quarters in the American National Bank building. Personal. _E. J. Stellwagen, president of the Union Trust Company, left yesterday for a short vacation at Atlantic City. John B. Larner, president of the Washington Loan and ‘irust Com- pan, is also making a brief stay at the New Jer, Allan E. W returhed from a vacation at P'alm Beach, Fla. More Time for Tax Returns. BONDS. Commissioner of Internal F ) Jom er o S tevenue [ Bid and Asked P; Blair®in T. D. @91 directs un- | TR O der the authority of se 227 of | Asked. | the revenue act of 1921 # genc ! o Tel. and Telga. 4 s81; | tension of time is granted dome E American Tel. and Tolga. 4 98 i corporations up to and including | June 15, 19; for completing returns | of income for the calendar y o seul year ending January and the fi 1 year ending Fe ruary s, 19 conditional upon filing of ten ive returns with the proper collector of internal revenuc on or before March 15, April 15 and May 15, 1922, respectively, accom- | panied with at least one-fourth of the estimatsd amount of tax due, togeth- er with a statement setting forth the reason why the return cannot be completed.” within ~ the prescribed time, and a formal request for the extension. Tentative returns submitted in ac- at the rate of 6 per cent per annum from March 15, April 15, or May 15, 1922, respectively. EXTRA TROUSERS AID. men’s furnishings departments antic- r three-piece suits, thereby incre: ing the serviceability of the other garments. FEBRUARY HALTING TIME. NEW YORK, February 24.—For the remainder of this month retailers and manufacturers expect slack buying in all lines. - February is de: bed as a halting time for the average consumer to survey his needs. Retail spring buy- ing is expected to get under way about the middle of March, but consumers will find Jess to choose from than ever before. Stocks moved in are limited as to numbers and prices. SHOE TRADE IMPROVES. NEW YORK, February 24.—A dis- tinctly better feeling in the women's shoe trade in the last two weeks has been evident, according to manufac- turers. Buyers are beginning to place orders for spring and summer mer- chandise, and, in a few instances, de- livery dates are made as far ahead as May. 15. ' Manufacturers are frankly elated. The staple lines, however, are still a drug, and only shoes conform- ing to sport wear are regarded as sure sellers. IS $3.50 Philadelphia $3.25 Chester $3.00 ‘gflmhggton Sunday, February 26 SPECIAL TRAIN Lvs. Washingto Returning, leave 7:25 p.m.;’ West (Un. Sta.) 7:30 a.m. Broad s!z&l lf‘(‘l:. ACEA Philadelphia, 7:30 D 10 plll.’ P Wilming- Tickets on sale Fri Erturaics” Treceding &FSimilar Excursions Sundays, March 12, 26, April 9, 83, May 7. 31 *The right is reserved to limit the sale of tickets to the eca i .ment available. pesityietisaulp: A sin jlaid with fire clay. EXCESS PROFITS TAXES Conducted by DR. JOSEPH J. KLBIN; C. P. A. Copyright, 1922, by Joseph J. (Tax quentions should be addressed to Dr. Klein, in Dr. Klein's' answers will mot reveal the identity of all communicatious must be signed. inquirers.) ARTICLE XXXII. In yesterday's article I referred to two Items covered py subdivision (e) | (1) of section 202, and-pointed out that, in the case of exchanges of property, even if what is received has a readily realizable market value, no | profit or loss is recognized as a re- sult of the exchange, if the property transferred is either investment prop- erty or property employed in produc- tive use in one's trade or business, and if what Is received in exchange| is property of a’like kind or use. Probably no taxpaying group is more interested in this particular sub- division of section 202 than are real estate dealers. They are interested primarily because of the fact that in| their business barters or exchanges are of comparatively frequent occur- rence. The ordinary casual reader would give as his offhand opinion that real estate transactions are undoubt- edly covered by the liberal provision of subdivision (c) (1) of section 202. But cause for doubt as to its applica- tion to real estate transactions isi found in the following parenthetical words which appear in the said sub- division, namely, *“(not including stock in trade or other property held primarily for sale).” 1t seems to me that Congress meant specifically to exclude from consider- ation under subdivision (¢) (1) all ex- changes of ordinary merchandise be- tween dealers and others. But what is meant by “other property held pri- marily for sale”? Of course, the stock in trade of a real estate dealer is his real estate. 1 have very little doubt that the commissioner will hold tha* the transactions of a dealer in real estate who regularly owns real prop- erty and regularly buys and sells such real property are not entitl to in- ciusion under given subdivision. 1 wonder,” howcver, how the com- missioner will decide with reference to a large number of realty owners—| porations owning single pieces i e o ! of ‘property, who were denied the privi if deducting full interest 1917 and earlier years, on the ground that they were not dealers in real property. If the department is to be consistent in its holdings it scems to me that it will h mit to the benefits of subdiv (1) of section 202 all those owners of property under the act of s werd deemed to in real esiate and not 1 property. 2, like so m of the who a real v other pro- new law (but by no 11 of them), went into effect 3, 1921, TIONS AND ANSWERS owns a farm ad- he land is under- The right to mine has been sold for The procee interest in sav-j h the clay taken out| d depreciates, us| i has been laid outj Q t joining town. a part of th COTTON THE MOST LIQUID | ASSET, SAYS COL. HESTER| Famous Expert Discusses Problems of the Industry at New Or- leans Conference. February 24—Al utures contract in deal-| was voiced by Co Henry G.° , for fifty-one years | cretary of the New Orleans Cotton | xchange, in an address before the ioners appointed by the vari-: ates, who commi a sovernors of the cotton s a study of problems affecting | the cotton industry here. | “We must remember that cotton is! the most liquid asset known to the world's trade through futures, every minute of the duy and night, trom one end of the year to the other, | cotton may be purchased” declared | Col. Heste He deplored the fact that | ve been su sted to Congress! ¢ the Newy York and New O tton exchanges may 1o their dealing in i the lawmakers present at the conference that while it might lie in | the power of the government to regu late the New York and New Orl I exchar that Havre, Liverpool and oth nges could not be re; ireign exc ted. yxtem of Education Needed. You are here to devise a system of | education for both white and colored | that will teach them to properly grow | cotton of high grades,” said Col. Hes- | ter. “Your aim should be to do away with trash or unspinnable cotton. You | 0 have to devise some mathod | the gublic can be enlightencd and enlist th& aid of the national and state governments to get us out of the! mud.” ngus W. McLean, member of the ! War Finance Corporation and former assistant secretary of the Treasury, a delegate from North Carolina, followed Secretary Hester with a brief addre: in which he discussed the financia phase of the cotton-zrowing problem. Commissioners appointed by the gov- ernors of the cotton-prodncing states | are present from all the states invited | to participate in the meetin; i Permanent organization was effected | by the election of State Senator R. O. | verett of North Carolina as chairman | and Thomas B. King of Memphis, | Tenn., secretary i The organization was officially named the Cotton States Commission. | EXPECT GOOD HAT TRADE. | NEW YORK, February 24.-—Ap-' proach of ter is looked to for a| rush of business for hat manufac- | turers and retzilers. Orders received to date are admittedly below par and buyers are displaving tendencies for shopping in other lines. ~Although | the basis for optimism of dealers ap- parently hinges on nothing more definite than the proverbial spring | enthusiasm, which marks the coming of the Kaster season, the trade be- | lieves that Lusiness is there if of-| ferings are of quality and prices to| attract. All shades, of brown will feature spring hat displays and little attention will be given to extreme colors. Mr. Roy Wallace Tells How Cuticura Healed Eczema “Eczema broke ‘out in little, fed pimples on my limbs. The itching and burning were worse at night and in my sleep I § would scratch causing the er@iption to get inflamed. I | l A s treated but got no relief. ‘,4 I began using Cuticura Soap W end Ointment and after usicg two cakes of Cuticura Soap and two boxes of Cuticura Ointment I was healed.” (Signed) Roy Wallace, R.R.1, Box 34, Dover, Tenn. Keep your skin clesr by using Caoticura Soap and Ointment for every-day toflet and Cuti- cura Talcum to and . Bathe with Cuticura Soap and hot water. Before » touch pimples lon‘: itching, if sy, vlg: Cuticam tment. and dust lightly Cuticura TnDl;n. ) e Ty o X ey Klein. All rights reserved.) re of The Star. To receive attention, in lots. Buyers object on account of! the clay having been taken out, en- dangering the. surface. I take it for granted that the interest received on the money alone is subjct to the tax. A. The interest is taxable. 1 as- sume that yon purchased the farm with knowledge of the fire-clay de- posits and its salability. 1f so, fairly ascertain cost (or March 1, 1913, value, if acquired prior thereto) of deposits | s0ld. " Then apply section 202 (a) and (b) and 203 of the act. Q. ($7)—(a) In your articles you constantly mention “married persons” | living with husband or wife, but do i not specifically define the income tax status™ of heads of families with de- vendents—such as widows and widow- ers. Under the old law a widow with dependent childress received $2.000 personal exemption and $200 for each dependent child under sixteen years. My understanding is that they will l Evening & Sunday Star 6(0c a Month Delivered by Regular Carrier CALL MAIN 5000 and the service will start AT ONCE of these class: is under $5,000. (b) What exemption is allowed on income receive mestic corporations? (¢) I do not to the inquiry Why is this income of $2,2 A. (a) $2, (B) Subject t ingly not taxal come, inclusiv in excess of 35 (c) See reply to Q. (7). 2,500 exemption, with no tax on a net 500 if net income is not over $5,000; $400 for each dependent, regardless of amount of net income. now receive 00 and $400 in each ations, If net income Is this correct? d as dividends from do- understand your reply in the inclosed clipping. person not entitled to 1 o surtax only. Accord- ble at all uniess net in- e of such dividends, is .000. Q. (98)—I am the head of a small painting and decorating corporation, most of whose stock is owned by me, except a few shares owned by two nephews, who work for me. I am a widower without children. Entire capital stock is 100 shares at $50 (all paid in), of which I own| ninety-six and could easily acquire the other four. I receive a salary president and manager of the corpora tion, for which I accounted in m sonal income tax last income of corpo: v salary in 3 there 10 profits left to distribute. that the corporation tax has been increased to 1 per cent, I want to know, and 11" thank vou to enlighten me, whether it would not be advisable for me to acquire those four shares and run the b ness as an individual, whereupon I understand it, I would still be en- titled to pay myself u salary for man- agement A. Cannot advise you without se- curing much more information than I sider in these columns. It ble for you to consult vour s or Your accountant. less than $5,000 sed away in March status with respect to income tax b) Also, what, if a issible for hosp -, deduction is al and funeral A« (b) Q. return ) That of an unmarried man. Unfortunately, none at all (100)—Is it necessary to make a if your income is less than 000 and is all derived from mnon- taxable securities? A. No. (1 ume vou mean from municipals and from the other secur ties referred to in section 213 (b) If you refer to dividends vou mu file”a return if your income from such source is over $1.000 or depending on your marital statu! 3 for 25¢ A cigar “chuck” full of real qual- ity — mild — mellow tobacco. A cigar you can smoke with infinite plEasurB and ]’la."ld to your {riends with pride. At all— ZZDPUGSTORES. Sudauth. THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE U. S. 120 BROADWAY, NEW YCORK THE EQUITABLE'’S 62nd Annual Statement, from which the following figures are taken, and which records substantial gaips in Assets, Surplus, Outstanding Insurance, Income, and Pay- ments to Policyholders, will be sent to any address on request. OUTSTANDiNG INSURANCE, Dec. 31, 1921. . . . $2,817,970,732 NEW INSURANCE issued ard paid for in 1921. . . I: PAID TO POLICYHOLDERS ir1921 . lusive of $30.114.408 of Group Insu $427,193,301 1ce $83,678,000 PAID POLICYHOLDERS Since Organization. . . . $1,458,650,000 Over 98% of the domestic death claims paid in 1921 were settled within twenty-four hours after receipt of due proofs of death. Thee rate of mortality among Equitable policyholders for the year was the lowest in the history of the Society During the year over $75,000,000 was invested for Policyholders at an average yield of 5.887.. ASSETS, December 31,1921 .................. $655301,018 INSURANCE RESERVE . .........$536,872,300 OTHER LIABILITIES .. ———— 20,173,737 557,046,037 SURPLUS RESERVES: For distribution in 1922 On Annual Dividend Policies...... $13,900,050 On Deferred Dividend Policies..... Awaiting apportionment on deferred dividend policies For Contingencies ........ 12,248,772 26,148,772 36,400,411 35,705,798 $655.301.018 THE EQUITABLE issues all forms of Life Insurance and Annuities, including: A LIFE INCOME POLICY under which the beneficiary receives a monthly income for life— the safest and the best kind of insurance for family protection. A GROUP POLICY by which an employer protects the families of his employes. which can be modified to meet changing condi A CORPORATE POLICY to. safeguard business interests. A CONVERTIBLE POLICY AN INCOME BOND to provide for the declining years of the purchaser. AN ENDOWMENT ANNUITY POLICY providing an income for life after age 65. AN EDUCATIONAL POLICY providing a fund for the college training of a son or daughter. ‘A POLICY TO PAY INHERITANCE TAXES Full information regarding any of these forms will be sent on request. GEORGE C. JORDAN, Manager MUNSEY' BUILDING W. A. DAY _E St. Bet. 13th and 14th Sts. N.W., Washington