Evening Star Newspaper, February 24, 1927, Page 35

- TAFT MAY BE TAXEDEV?FE?;;‘ e oK pncAse ON CARNEGIE GIFT | | | 44 Other Annuitants, Includ- | ing Lloyd George, Af- ’ fected by Ruling. PHILADELPHIA, February 24 (). | ~—William . Taft, Chief Justice of| the United : David Lloyd George, former Premicr of ngland: Mrs. Theodore Roosevelt and Mrs. Grover Cleveland and the Right Hon. John Burns are among a number national and international ce who may have to pay United income ‘taxes on u from $5,000 to $10.000 they are receiv- | ing from the estate of the late An-| drew Carnegie. In an interpretation given yester- day of the annuity clauses of the will of the renowned New York, executor and trustee of the Carnegie estate, pays the annual i bles and 40 others, nd _emploves of Mr. d from trust funds, hin the meaning of the Federal tax laws and amenable | to taxation. | Annuities Were Held Gifts. The court set aside the ruling of Judge Schoonmaker of the United States” District Court at Pittsl Who in a_ test suit filed by the of John W. Beatty, a_direc Carnegie Institute at Pitt that 45 annuities were out by Mr. Carnegie and not under the income tax Beatty was left Justice Taf Trom the Ci George like $10,000, while Cleveland and the cach receive $5,000 beneficiaries are Mis son_of the York, of New ley, London, $ nd Thomas Burt ament, and Sir Swire | Smith, each $5,000. Others Provided For. Mr. Carnegle made handsome pro- visions for mamy other friends and also for the help of his estate at Skido, Scotland, and added glso to his Jong list of contributions to education and gocial and educational advance- " Fhe funda _ The fundamental legal proposition involved was whether pecause of the fact the executor had set aside securi- ties from the principal of Mr. Car- negie's estate to assure the payment of the $5,000 annuity to Mr. Beatty, the gift became taxable because it Wwas paid with income from an invest- ment. Judge Schoonmaker ruled the gift THE EVENING STAR, .WASHINGTON. D. €. THURSDAY, FEBRUARY 24 1927 $2,000,000 Bond Issue to Buy Land for National Preserve Is Favored. . Febru ‘ honor Lo passed a_ bill pro- a campuss shop where made by some of the stu dents may be purchased, has collupsed. The sponsors of “The Retreat” announced yesterday that henc forth the wares will be displayed under a case, thereby hoping to put an end to the loss which has run as much as ng to Margaret | of Brattleboro,, | ited States Govern- The Sen- sued for pur- 's portion of before the ill take over ate of Tennessee a tract on f{ts side . on the peak of the ted by the mountains. | c—————————— OU’LL BE GLAD | YOU SAVED { YOUR MONEY! When Your “Opportunity” Comes FEDERAL-AMERICAN ngement, the were displayed on a i the would-be pur e left on their honor yosit in little boxes the price articles purchased and some even it electables with- out paying g 2 HE land of thrills, xfi'};stery‘ beauty—where travel, sport, magnificent scenery and tour- ing are enjoyed to the utmost since it is a land of mellow sunshine—pleasantly cool from April to September and the climate is invigorating. |Q—W———-’4| Low Cut Prices 65c Barbasol Shaving Cream 47c 50c Mavis Talcum Special 34c 50c Pepcédenl Tooth Paste 33c 25¢cR. &G Lipstick 19¢ Patent Medicines $1.19 Dare’s Mentha Pepsin, Special $1.00 Adlerika, Special $1.00 Vinol Tonic, Special $1.00 Elixir Iron, Quinine and Strychnine $1.00 Waterbury’s $1.00 Scott’s Emulsion, 2 Special $1.50 Peptonoids, With Creosote Talcums $1.00 Coty’s 35¢D. &R. Ccld Cream Face Creams 85c Mercolized Wax, Special 50c Stein’s Cold Cream, 8-ounce Ti 35¢ D. & R. Cold Cream, 35c Pond’s Cold Cream, jar 35c Pond’s Vanishing Cream, jar ... 25c Black and White Vanishing Cream . 25¢ Ideal Cold Cream, Jar Hospital Supplies $3.00 Bed or Douche 50c Palmolive Shampoo Special 29c - 35¢ Pond’s Cold or Van. Cream 23c 50c Hinds’ Honey and Almond Cream 33c 25¢ Lyon’s Tooth Powder 19¢ Pure Drugs Rochelle Salts, Full pound ....... Bay Rum, Half-pint bottle Aromatic Cascara, 3 ounces Glycerine, Full pint Senna Leaves, Lime Water, Aromatic Spirits of Ammonia, 3 ounces Tincture of Iodine, 3 ounces Nail Preparations 35c Cutex Nail $1.98 Was not taxable because the iron- master had not mentioned in any way the remembrance was to come out of income from any part of his estate. In disagreemmg with this view, Judge Woplley, rendering the opinion for the court composed of himself, Judge Buffington and Judge Davis, asserted that if the annuities - paid from the principal of Mr. Carne- gie's estate, there was the legal possi- bility they would not be taxable, but he pointed out that the testator vested in his executor the authority to set apart any of the securities he in amounts sufficlent to pro- duce the annuities to the persons Preparations 50c Glazo Nail Polish Gloria Liquid Polish and Remover, both . .. Harriet Hubbard Ayer’s Liquid Polish Hudnut’s Nail N South Africa you find modern civilization and colorful native village life. Beautiful botanical gardens, game preserves and primeval forests. Towering mountains, the spacious veld, up-to- date cities, mighty waterfalls, babbling brooks —Kaffir Kraals. The great modern gold and diamoné mines—the thrilling barbaric warrior . ‘war dances. It is now so easy, convenient and comfortable $3.75 Marvel Whirling Spray, special $2.98 B et ... 9049 50c Hospital Cotton, $1.00 Houbigant’s Talcums 25¢ Squibb’s Talcums, Assorted Odors 25c Babcock’s Narcissus $1.00 Tres Chick Dusting Powder . ...... fied, or to purchase annuities for e beneficiaries. May Go to Supreme Court. Judge Schoonmaker’s decree allowed Mrs. Cora B. Beatty, executrix of the estate of her husband to recover $572 from the cbllector of internal reve- nue for the Pittsburgh district, which was the tax paid on the $5,000 he yeceived from the Carnegie fund for i:gg. Mr. Beatty died September 29, It is said today decision will affect all of the 45 annuitants, as the execu- tor of the Carnegie estate withdrew from the principal sufficient securities to insure the payment of the annuities designated hy Mr. Carnegie. 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