Evening Star Newspaper, October 27, 1928, Page 20

20 REAL ESTATE. DOBLE PAYEN OF X REVENTED Board of Appeals Rules on Change From Accruals to Instaliments. What appears to be the first court decision giving relief to owners of real estate and dealers in real estate in ac- cordance with changes incorporated in the Federal revenue act of 1928 has been made by the Board of Tax Ap- peals in the case of the Grand River Avenue Development Co. vs. Commis- sioner of Internal Revenue, docket 34681, it is stated by the National As- sociation of Real Estate Boards. The decision is on a case involving double taxation where a taxpayer in re- porting income from sales of real es- tate changes from an accrual to an in- stallment basis. The action of the Board of Tax Ap- peals was based on a retroactive sec- tion incorporated in the revenue act of 1928. The decision applies this retro- active section and relieves the taxpayer of the double payments. Briefs Submitted. Tn a series of briefs addressed to the Treasury Department and to the joint committee on internal revenue taxation and later in hearings held by the com- mittees of Congress at the time of drafting the 1928 revenue act the Na- tional Association of Real Estate Boards pointed out that a taxpayer should not be obliged to return in any taxable year any installment payments which he had returned and on which he had paid the tax in some year prior to the change of his method of accounting. ‘The retroactive provision, section 705 (a), introduced into the revenue act of 1928 to rectify such a possibility of double taxation, provides that if any taxpayer by an original return made prior to February 26, 1926, changed the method of reporting his net income for the taxable year 1924 or any prior year to the installment basis, then no de- ficiency of tax shall be determined with respect to any such taxes unless the taxpayer has underpaid his taxss for such year computed by _excluding amounts recelved during such year on account of sales made in any year prior | thiel to the year in respect of which the change was made. Facts of Case. In the case now passed upon by the board of tax appeals the taxpayer was & Michigan corporation. It sold subdivision real estate in 1916 under land contracts on liberal terms as to time of payment and reported all profits therefrom in that year on the completed-contract basis and paid the tax. Thereafter, be- ginning with 1917, the taxpayer adopted the installment basis for reporting its income. On the audit of its returns the commissioner increased the net in- | rej come on account of profit realized in the years 1923 and 1925 from the con- tracts which were made in 1916 and | fc on which the entire income had been Will Be on Exhibition and Demonstration at Booth No. 35 A factory expert will be present to explain this marvelous apparatus. Free demonstration in your own home if desired. Get It at GIBSON’S 917-19 G St. N.W. NOTICE To Owners and Builders of Apartment Houses Visit Booth 52, BETTER HOMES EXPOSITION, and Investigate Be- fore You Buy Electric Refrigeration. NORGE ECONOMICAL REFRIGERATION COSTS LESS TO OPERATE COSTS LESS TO INSTALL THREE MOVING PARTS LONGER LIFE Carroll Electric Co., Inc. Dependa’ le Electric Merchandize Since 1900 714 12th St. N.W. STRAWIS COMING BACK INTO HOUSES Builders Using It in Modified Form for Residence Construction. By the Associated Press. NEW YORK.—Straw, for ages one of man's principal home-building mate- rials, is coming back into use, in modi- fled form, for up-to-date house con- struction. How the research man has taken the fire hazard and the flabbiness out of straw is described in a report to the Engineering Foundation by Sidney D Wells, chemical cngineer, of Quincy, Ill. Straw Adaptable. | “The laboratory,” he reports, “learned that the few raw materials, if any, are as adaptable as straw to the manufac- ture of insulating board. Its fibers cemented together in long filaments. Board made from straw is_exception- ally strong, because the filamentous characteristics are retained. After dry- ing it becomes rigid and strongly ce- mented together. “The proportion of air cells is so large that the board weighs only 600 pounds per 1,000 square feet, equivalent to 161, pounds a cubic foot. Eastern white pine, a light wood, weighs 24 pounds a cubic foot. “Straw insulating board can be used as sheathing on the outside of build- ings or instead of lathing inside. Stucco or plaster adheres more firmly than to lath. It is o sound deadener. Its heat insulating capacity is larly use- ful in roofs of some kinds of factories. Treated as Wood. “It can be painted or varnished, coated with pitch or treated in almost any other manner in which wood is treated. It does not hold nails as well as wood, but by using nalls with large heads driven into the framework of suitable material a structure can be built shown by tests to be more rigid than a building having standard one- inch wooden sheathing. (The straw board is seven-sixteenths of an inch k.) “It is more easily dented than wood, | but when covered by plaster or stucco resists indentation as well as plaster or stucco on metal lath. It is less readily inflammable than wood and can be mug: more resistant to fire by impreg- Batin ™ 1! some $9,500 for the year 1925. Exerciser and Reducer NOISELESS THE EVENING STAR, WASHINGTON, D. C. SATURDAY. OCTOBER 27, 19%8.° I OFFICIALS SUPERVISING HOME SHOW l Upper, left to right: Ben T. Webster, president of the Washington Real Es- tate Board, which Monday will open an ideal home show at the Washington Audi- torium, and Waverly Taylor, chairman of the exposition committee. Lower: A. F. E. Horn, president of the Electric League, which will present a section of the show, and John A. Petty, secretary of the realty board. VOIGE TESTS SHOW BEST ROOM DESIGN %3 Speakers Found to Need Re-' flecting Walls, Says Report to Architects. NEW YORK (#)—Investigations in the science of acoustics show that speakars can best-be hard in a_room as “dead as outdoors,” Prof. F. R. Watson of the University of Illinols reports to the American Institute of Architects. “This,” Prof. Watson says, “does not mean absolute deafness, but the time of reverberation should be less than is usually the case in auditoriums. “It appears necessary to design suit- able reflecting walls about a speaker or musician to secure the best genera- tion of sound.” In the generation of sound, he points out, room surfaces act as acoustical mirrors_so that an “image” behind the wall says the same words at the same time as the speaker. Reflection of Sound. “Of course,” he explains, “this image is imaginary, and its speech is nothing more than the reflect sound. Each reflection of sound furnishes such an image, so that the auditor is surrounded by a host of image speakers at in- creasing distances, all speaking the same words as the speaker and at the same time. “There may be as many as 200 to 300 images, depending on the number of flections before sound dies out. Re- flected sounds reaching the auditor within five-hundredths of a second af- ter the direct sound are beneficial, while those arriving later than this time produce & blurring. “Since sound travels at the rapid rate of 1,120 feet per second at ordi- nary room temperature, this means that the reflected sound connot be more than 56 feet behind the direct sound and that the reflecting walls must be near enough to the speaker to satisfy this condition. Best Conditions For Sound. “That is, if the distance from the image to the auditor is approximately 56 feet more that the distance from the speaker to the auditor the sound is beneficlally reinforced. If the difference between these distances in more than WooDpwARD & LOTHROP 10™ 11™ F axp G STREETS “Positive Agitation” The much superior and the Hoover way of effective vacuum cleaning The two Hoover cleaners are equipped with a new and exclusive Hoover attachment that ““Beats, as it sweeps, as it cleans.” It is the really effective way of cleaning your rugs, furniture and draperies; it removes even deeply imbedded dirt and grime and restores them to their original beauty. “Positive agitation” is the new Hoover way of vacuum cleaning. $56-50 ELECTRICAL APPLIANCES, FIrTH FLOOR. IF DESIRED CONVENIENT PAYMENTS 75 See the Hoover Sweeper Exhibit Booth No. 78, Better Homes Exhibit Next week at Washington Auditorium .are advantageous for music as they R. |sity of Illinois. REAL ESTATE. lapse of time between the retirement and the verdict set a record. Although the Government had in- ~'sted upon payment of $4,901,000 taxes, Visit the Ideal Home Exposition— 56 feet the reflect sound blurs the di- rect sound. “Fortunately these later sounds are weaker, since they come from greater distances loss the company sued to recover $3,900, amoun! company tended overtaxed. B v "In the case of music the effects are somewhat different. It is possible to have acceptible music with several tones existing at the same time, where- as E = it is necessary to have words spoken separately. Experiments, however, show that refl boards are for speech. “Musicians prefer to play or near a wall—and uw‘y:p'll{h a r'uu::‘- floor, without 54 rimental theater for sound ing designed at the Univer- YOU are cordially invited to visit our booth—No. 38—at the Washington Auditorium, October An e tests is “JURY” OUT 10 MONTHS. twenty-ninth to November third, in- One-Man Body Finally Reports in $3,900,000 Can Case. NEW YORK, October 27 (£).—A $3,- 900,000 suit by the American Can Co. 2 t the United States Government, tried before a one-man jury, resulted yesterday in a verdict for the Govern- ment. The “jury” retired 10 months ago. Federal building officials said the clusive. NG, Ceyansbuny 1418 Eye St. N.W. EVERYTHING What is an Ideal Home? We Answer: 1st One that was bought with money accumulated in our Savings Department. 2d Or with money advanced on a trust through our Loan Department. 3d And insured against fire, burglary or plate glass loss in our Insurance Department. 4th Whose valuable papers and securities are kept in our Safe Deposit Department. S5th Where all of the family are members of our Christ- mas Savings Club. 6th Where the “lady of the house” uses our Budget Book and has a checking account. 7th Whose investments are carefully selected by our Bond Department. 8th And, finally, where, by a Will, this Company has been appointed Executor and Trustee to assure the future of the estate and family. Is Yours an Ideal Home? Visit Our Booth at the Ideal Home Exposition The Washington Loan and Trust Company JOHN B. LARNER, President West End Office Seventeenth and G Sts. Resources Over Eighteen Millions Main Office F and Ninth Sts. First Time Shown Don’t Fail to See the Complete Display of Noiseless Nokol Automatic Oil Burners The only complete line covering all types of burners built by one manufacturer—The American Nokol Cor- poration—the oldest, the soundest and the leading manu- facturer of automatic oil burning equipment. They are the originators of automatic oil burning for the home. Booths 16 and 17 “Qver 1,600 Nokol Burners in Washington” Automatic Heating Corporation 1719 Conn. Ave. Main 7320 North 627 Visit the IDEAL HOMES EXPOSITION Opening Monday, October 29 HE scene is the Washington Auditorium, any day next week. Mrs. Mary Land, from a Washington suburb, is visiting the Ideal Homes Exposition with her sister-in-law, Mrs. Washington. Mprs. M..“Isn’t that model bungalow delightful? It stands there just as though it was transplanted from Montgomery or Prince Georges County!” Mrs. W. “Yes. I certainly want to look at an Elec- tric Ice Box and a Range. Since we moved out of the apartment I miss them so much in that house we bought.” Mprs. M. “Lots of people out our way use nothing but Electric Ranges. We get the same low electrical rates you do, you know. I find it just as cheap as any other stove I've used—and so much cleaner and convenient.” Mrs. W. “Aren’t the new fixtures just too convenient for words? And those Toasters, Percolators and Waffle Irons are 4 as beautiful as they are useful.” f Mrs. M. “Yes. Let's watch this Electric Cleaner demonstration——" Mrs. W. “And after that I want to hear one of those new Electric Radios.” Mrs. M. “Well I certainly believe that nothing makes a house AN IDEAL 7 HOME as much as Electricity.” Join these two housewives at this Exposition. Like them, you will find many ways by which you can make greater use of “Matchless Service” and reap the full advantage of its ever-lessening cost. POTOMAC ELECTRIC POWER CO. ——Matchless Service—— MAIN TEN THOUSAND.