The Key West Citizen Newspaper, December 31, 1936, Page 4

PAGE FOUR GENERAL ELECTRIC REFRIGERATION IS VASTLY IMPROVED LOWER PRICES AND VARIOUS IMPROVEMENTS MAKE UP NEW MODELS WHICH ARE NOW: OW DISPLAY Lower prices, new styling and advanced features of economy and sonvenience mark the 1937 Gen- 2ral Electric refrigerators, which zomprise the largest and most complete line the company has ever offered, according to B. L. Grooms, head of The Key West Erlecite (Company, local dealers. New mode's are now on display. Christened the “Triple Thrift” refrigerators, the new models of- fer lower price, lower operating cost and longer life, accozding to Mr. Grooms. All models ‘now car-|! ry the General Electric five years’ peformance warranty on the com- plete sealed-in-steel thrift refrig- erating unit. Flatop models predominate the new line, sizes ranging from four- foot cabinets to 15-foot cabinets, and they are offered, in some sizes, in both porcelain or Glyptal enane’ finishes. Monitor Top modelsare offered in six-foot and eight-foot .eabinets, while a Lif- top’ model:also is available for smail.families or for auxiliary re- feigewtion,services. In all, the la big we line comprises ee ede's. Avra Mics the Thrift- Onietér, which shows the cabinet temperature at a glance; sliding top shelf, as well as other sliding shelves; stainless steel Super- Freezer; new finger tip door latch; automatic interior light; easily accessible temperature con- tro] and defrosting switch. Cab- inet equipment varies with differ- ent models, some having vege- table pans, water bottles, tottie racks, egg racks, fruit baskets, matched <overeé dishes, flexible rubber ice cube trays and various accessories, One important feature of the new models, from the viewpoint of the user, is the faet that the slid- ing shelves are the full width of the cabinet, thus affording more usaile storage space. This is a new icea in cabinet construction. F-.eezing speed also has been ac- celerated. Four _—refrigrating services are afforded—fast freez- ing, frozen storage, special com- partment for vegetables and safe normal storage with natural air circulation that keeps the air con- ditioned and properly chilled in all sections of the cabinet. Monitor Top models also have an auxiliary unrefrigerated stor- age drawer at the bottom of the cabinet. SPECIAL CHURCH SERVICE TONIGHT The Congregational Church will hold a watch-night service tonight at 11 o’clock, A welcome to all is extended to this service, states the pastor. PROCS SCOIELCCCDCCCCOCOCe wiMrs,€iH. Hudson and daugh- ‘ter, ‘Emma Yulee, of Miami, are ‘spending: the ‘holidays in Key West*with Mrs. Hudson’s parents, Mr. andi Mrs. Braxton B. War- their home. on Eaton W. J. Schoneck, assistant light-' house engineer, who was on an in- spection trip to Lake Okeechobee and other points in that section’ making annual inspection of aids to navigation returned this morn- ing on the plane from Miami, Mr. and Mrs, Ernest Heming- way, who were visiting in Miami for a few days, were returning! passengers by plane from Miami this morning. Miss Elizabeth Lowe, actuary for one of the large insurance companies in New York, arrived this morning by plane for a visit with her mother and other mem- bers of the family. Miss Ida Bell Miller, Miss Anne Kowaiska, James Oslislo and Dave Perry, who were visiting in Key West as guests of Mr. and Mrs, Arturo Lujan, left over the high- way Thursday morning for -their' homes in New Jersey and Penn- sylvania. meal! It’s best. —Made By— VALDES BAKERY KEY WEST IN: DAYS GONE BY 10 Years| See cecccccccnccooccccese | _ The Files Of The Citizen The same bells which ring out; the old year and the death knell ef 1926 at 12 o'clock tonight will ring in a new year which holds in its bounteous storehouse good and great things for Key West that will-be far beyond the fondest or most sanguine dreams in magni- tude and importance. It is honest- py not an overdrawn statement to, say~that never has Key West; crossed the threshold of a new, year more auspiciously than it will enter 1927 at the stroke of, midnight tonight. never so truly bright and so ab- solutely sure of fulfillment than at the present time. No one would have dared dream of the marvel- ous achievements that the year 1927 is sure to see rounded out for Key West and Monroe county. During the 12 months just past, more people learned about Key West and its marvelous climate and health giving air than ever before, The year gave us another tourist hotel, one of the finest in the country, also scores of beauti- ful new buildings and miles of new and beautiful streets. It picked up unsightly portions of Ee island and made them into spots of beauty and charm. After carefully “taking stock” and noting the highly gratifying bal- fate that hangs so ponderously to the credit side of Key West’s future ledger, all people of Key West and Monroe county may well greet the New Year at 12 tonight by joining optimistically in shout- ing to the whole wide world: “1927 and all is well with Key West.” There was a joint installation of officers held on Wednesday evening by three lodges of the Masonic order at Scotish Rite hall, which were conducted under the auspices of Dr. Felix Varela Lodge. The other two organiza- tions taking part being Dade and Anchor lodge. Roy Canfield, dis- trict deputy gran] master acted‘ag installing officer. While the regular opening ball of the Casa Marina will take place tomorrow night as previously an- nounced, Manager L. P. Schutt has consented to have all students and their friends come to a din- ner tonight in view of the fact that the students leave tomorrow for their respective places of study. The price of the dinner dance tonight will be the same as the opening dance tomorrow which will be $2.50. Editorial comment; Having gone home for the holidays for rest from their studies, the students will return considerably tireder than they were before, Due to the unfavorable weather last night and conditions pre- valent west along the coast, the Coast Guard Cutter Saukee did not depart for Mobile with the officers and equipment of the headquarters office of the U. S. Coast Guard service on board, but it is expected the ship will sail some time today. There were several of the units of the local fishing fleet re- turning today with large catches. There’ will will' other units of the fleet,arriving within the next few days and all of them are expected to bring, large catches. Mayor Curry is publishing an official notice in The Citizen to- day warning that it is against the law to either sell or shoot fire crackers tonight or tomorrow in the city of Key West. There will be only one delivery of mail tomorrow from the post- office. Postmaster Williams stated tolay the office will close at 10 o'clock. SERVICE TONIGHT AT LOCAL CHURCH New Year’s Eve services at Fleming Street Methodist Church: will begin, this. evening. at 11 o'clock. Rey. Shuler Peele, pastor this church, invites. the public worship on this occasion. At the first ef, to Prospects were}, Announcement Of Marriage Friends of J. B. Miller, sanitary engineer of the State Board of Health unit of Monroe county, will learn with pleasure of his) marriage in Hollywood, Fia., to, Miss Naney Palmer of Chicago. The’ ‘wedding ' was — solemnized 4:30 ‘o’¢lock ‘in ‘the afternoon, in St. John’s’ Episcopal church, De- cember 21. Following the cere- mony a reception was given at the home of Mrs. Alice Smith, igrandmother of the bride. Mr. and Mrs, Miller will make their home in Key West. Mrs, Zina Nowlan Visiting Here Included in the recent arrivals in Key West, was Mrs. Zina Now- lan of Lawrence, Mass., who is| the house guest of Mr. and Mrs. William White. Mrs. Nowlan, who is an old friend of the White family, states that she is much pleased with her visit to Key West, and finds it one of the most charming places she has ever visited, and says that she is thoroughly enjoying her stay in the:Island City. Arrange Dance At Caban Club ‘ Cuban Club on Duval street is preparing to entertain a large crowd at the New Year’s Dance to be held tomorrow night begin- ning at 9:30 o’clock. John Pritchard and his orches- tra will be there to furnish a good program of dance music for the occasion. CLASSIFIED COLUMN SCOecccvcecoccaccccoosose WANTED WANTED—Maid for cook and general housework. Write Box J, The Citizen. dec30-3t FOR SALE BICYCLES—WE RENT by the Hour, Day or Week. Repair all makes and paint them with Nu- Enamel, We carry a full sup- ply of parts. Agents for the Rollfast and Dayton Bicycles. And sell them as low gs $1.00 per week. Phone 276. J. R. Stowers Company, nov20-tf SPECIAL GILLETTE SET, gold- plated case and razor with six blades. $3.00 value, only $1.00. San Carlos Book Store, 518 Du- val street. dec17-tf NEW DeLUXE LADY GILLETTE}. RAZOR SETS, in Pearl, Coral and Jade. Reg. $6.00 value, only $2.00. San Carlos Book Store, 518 Duval street. dec17-tf GILLETTE NEW DeLUXE Razor SETS, chromium or gold-plated case and razor with 12 blades. Reg. $7.50 seller, only $2.00. San Carlos Book Store, 618 Du- val street. dec17-tf FOR RENT OR SALE ————$ FOR RENT OR SALE—Furnished House. modern conveniences. Apply, 1600-Vernon street be- tween 7:00 to 9:00 A. M, dec29-6tx FOR RENT FOR RENT—Upper apartment. Four rooms and bath; no chil- dren, at 628 White street. Ap- ply Gaiti’s Barber Shop, 109 Duval street, oct19-tf TWO FURNISHED HOUSES, all modern conveniences. Apply 1116 Grinnell street. nov27-tf FURNISHED APARTMENT with electric ice box. 1001 Eaton street... Phone 879-J. dec31-1mox WE WILL PUMP OUT YOUR CISTERN ‘and clean it for the water To Our Faithful Old Friends and our Cherished ‘You an Nation’s d Your Affairs Explain This One! By HARLEY L. LUTZ, Professor of Public Finance, Princeton University One of the leading arguments ad- vanced by the proponents of the plan to tax the undistributed earnings of corporations was that such a measure P was needed to curb or to nalize tax avoidance. The situation aimed at was outlined as follows; @ cor- ition earns, any year, more than it pays to stock- holders in div- idends, the said stockholders avoid or escape taxation on the undistributed portion of these earnings. All large and prosperous corporations are supposed to be con- trolled by small groups of very wealthy stockholders, who do not need all of the income earned by their companies, so they compel boards of directors to withdraw part or all of these earnings. Thus the large stock- holders are able to keep down their own personal income taxes, by allow- ing part or all of the corporate in- come to remain undistributed, The method of dealing with this form of so-called tax avoidance that ‘was introduced in 1936 was to tax the undistributed corporate net income at graduated rates. Thus, if a cor- poration retains ten per cent or less of its net income, the tax is seven per cent on the amount retained, and on the amount retained in excess of sixty per cent of the net income, tax is twenty-seven per cent. is a corporate income surtax, to be paid in addition to the regular or nor- mal tax on the total net income. The effect of the new tax may be illustrat- ed as follows, assuming an adjusted net income of $100, one of which is paid out in dividends: Adjusted net income beackets $10,000 17.000 20,000 20.000 40,000 $100,000 Tax Amount 4,400 10.800 $20,500 The tax on $100,000 of adjusted net income, none of which is distributed,” is $20,500, which is equivalent to a composite tax rate of 20.5 per cent. Any corporation that withholds its: entire adjusted net income will pay” a tax equivalent to this composite rate. From one viewpoint, this is a bur- densome extra tax; but itis, after all, | moderate by comparison with the scale of tax rates on personal income, Bearing in mind that the 1936 Reve- nue Act made dividend income sub- ject to the normal tax of four per cent, we find that the composite or équiva- lent rate of the extra tax which the corporation must pay, should it dis- tribute none of its earnings, is equiva- lent to the combined normal and sur- tax rates on taxable personal incomes of about $22,000. On any larger amounts of personal income, the in- dividual stockholder “must pay @ heavier rate of tax than the corpora- tion would pay for him if it distrib- uted no part of its It would seem as if the interest of the largest stockholders still lies in the reténtion rather than the distribu- of ths usw aan Tes wend eet eonay. 1S of the new tax. Yet we find that many corporations are endeavoring, by de- claring both regular and extra div- idends, to escape the tax on undis- tributed profit. They are doing this, notwithstanding the fact that such ac- tion will throw a still heavier tax load on the large stockholders, The amazing Rigen Bet that these large stockholders, who are supposed to control all of the large corpora- tions, have permitted the distribution of this flood of extra dividends. Sure- ly they can see that it will mean heavier taxes for them as individuals, and surely they do not keenly that outcome. The situation is paradoxical, and it suggests the following query: Can it be that corporate dividend policy is not determined, in the degree as- serted by the Peet? | by reference to the tax advantage of a few wealthy persons? If this query is not on the right track, some one who is really on the inside should come forward with the correct explanation, (Address questions to the author care of this newspaper) H By ANN PAGE | HIS week brings the end of the big holiday season with Ne" dinner holding the center of interest for the housewife. Families indian in a good deal of latitude at this meal, the majority preferring poultry in some | form, many fresh hams, some.smoked hams and others standing rib roasts | of beef with Yorkshire pudding, crown | ork or even @ suck- specially good buy } ‘The choice of fruits and vegetables | is little changed from last week. The | cranberry. season i8 practically over | while cauliflower is again reasonable | and in good supply. a | Here are three menus for New Year's dinner. x Low Cost Dinner Baked Fresh Ham (half) Browned Potatoes Yellow Turnips Apple Sauce Bread and Butter Gelatin Plum Pudding Tea or Coffee ilk Medium Cost Dinner Celery Olives | Roast Beef Yorkshire Pudding Mashed Potatoes Green Beans Perfection } Mince Pie Tea or Coffee Milk Very Special Dinner Cocktail fet crage Roastof Lamb: Mashed Porstoes Grepereeit antl Muncecing Seiad ruit ai Flaming Plum Pudding Hard Sauce Coffee SRR a AS ARES ES DOESN’T LIKE FAT WOMEN | | MASON CITY, Ia:—A divorce} was granted Mrs. Myrtle Larson} of this city because her husband} NOTICE OF MASTER’S SALE Notice is hereby given that im accordante with the final decree heretofore entered im that certain cause pending in the Circuit Court of the Bleventh Judicial Circuit of ; Florida, in and for Monroe County, | of. 4 (wherein Loran H. Prevo and Reatha: be in writing and contain the place j Prevo, his wife, are plaintiffs, andi of residence and Post Office ad- Louise Wilger dnd D. Wilger, husband, are defendants, being Chancery Case No. 6-464, the un- dersigned, as Special ‘Master in her j Chancery, will sell at public auc-] tiled within the a tion for cash to the high best bidder at the front door of the County Court House in Key West, Florida, on the Ist day of Feb- ruary, A. D. 1937, the samie being a legai ‘sales day, between the hours of 11:00 A. M.'and 2:00 P. M., as provided by the laws and statutes in such cases made and provided, the following described properties, lying and being in Monroe County, Florida, to-wit: Lot Seven (7), Tavernier Cove, a-subdivision in Monroe County, Florida, as per thereof filed in’ the office the Clerk of the Circuit Court in and for Monroe County, in plat book 1, page 103. Lot Thirty-seven (37), Taver- nier Cove, a subdivision in Mon- roe County, Florida, as per plat thereof filed inthe office of the Clerk of the Circuit Court in and for Monroe County, in plat book 1, page 103. Said properties will be sold sep- arately. : W. CURRY HARRIS, As Special Master in Chancery. KURTZ & REED, Solicitors for Plaintiff: dec? 8. + JanT-Qt-2)-28 ; Bubserive to The Citizen-—2ve weekly, HEAR YE! Old Island Trading | Maintains traditions of Old Key West, when ships brought treasure from far seas and voyagers from distant parts departed laden with kissed her every time she lost 8! produ pound’and struck her every ot she gained one. : et antenlae Sealand peace ahs % \ AGood Resolution For You: “I resolve that:— “TI will buy my food supplies where I can get quality merchandise at low prices. “T will see that my food comes from a mod- ern, clean, sanitary store. “I will buy where I am greeted with a smile. “I will make QUALITY FOOD STORE, my food store.” “QUALITY” wishes all its friends and customers Quality Food Store 1400 PINE STREET ded kdb IIT LL LAA eed ehh ed « 2 Ltltittittittittthdded : "PHONE 70 LEGALS NOTICE OF MASTER'S SALE Notice is hereby given that i Prevo, his wife, are plaintiffs, and Charles Thomas Company. Incer- porated, also known ag Charles \Thomas Co. Inc. and | Thomas Company.~inc., a corporation, am A writt and «<berce | —— Merritt, his wife, whose chris- Methodis: (Steme) — day, between the hours of 11.08 A.} MG’ and 2:00 P. M, as provided by! the laws and statutes in such cases} ie and provided, the following described ¢ and being in Monroe it jorida, to-wit Let Fi (40), of Tavernier Cove, a subdivision im Monree County, Florida, accoréing te plat thereof recorded im plat . Page 183, of the Public | of Monroe County 1 W. CURRY HARRIS. | As Special Master in Chancery KURTZ & REED. Solicitors for Plaintiffs. { dec31; jan7-ht-21-28! Subseripe > weekly. Oe t f N THE COUNTY JUDGE'S CoURT IN AND POR MONROE COUNTY. |. FLORIDA. IY PROBATE. ‘In re: Estate of i | CHARLES W. RICHARDS, j Deceased. ' NOTICE TO CREDITORS To all creditors and all persons | having claims or demands against! id Estate: : and each of nbtified and required claims and demands SPPeither of you, may ha the estate of Charles W. Richards, dgteased, late of Monroe County. Figrida, ‘to the Hon. Raymond E Lord, County Judge of County, at his office in the | Gpartbe se in Monroe County, ida, within eight calendar months from the date of the first publica- tion hereof. All claims and de- {mands not presented within the jtime and in the manner prescribed: jherein shall be barred as provided by law. j Dated. December 10th, A. D. 1936. ANNIE RICHARDS, { As Executrix of the Last Will and Testament of Charles W. Rich- ards, Deceased. @ecl0-17-24-31/ ————————— H IN THE COUNTY IN AND FOR FLORIDA. In re Estate of NETTIE EB. LEACH, Deceased NOTICE TO CREDITORS To All Creditors and All Persons Having — Claii Demands! Against Said 2 You, and each of you, are hereby notified and required to present J any claims and demands which you, or elthér of you, may have against the estate of Nettie E, Leach, deceased, late of Monroe y, Florida, to the Honorable | Raymond R. Lord, County Judge o' Monroe County, Florida, at his of-j fice in the County Court House im Monroe County, Florida, within eight calendar months from ‘date of the first publication Said claims or demands "DG! ‘ NROK COUNTY, } i the here- shall insertion on the same day dress of the claimant and shall be sworn to by the claimant, his agent or attorney. All such claims and demands not ime and in the manner prescribed herein shall be void. j Dated the 17th day of December. A. D 1936. FLAVEL LEACH, As Administrator of the Estate of Nettie E. Leach, W. CURRY HARRIS, Attorney for Administrator. deci7-24-31; jan7, 1937 TO CPLILLLALLL A to insertion. OMS EM OM OME, from you. whom we serve and of those whe serve us— Oe LL Ld and for greater achievement. SOITOIIIIITDS: Every newspaper bas 2 Gme Sut eie= for advertisements must be im the office to Rt IIL AL ALAA AAA A A hdddbddddedddddad { z. IAL ALAA hh hdd Notice to Advertisers oer sare Th cead bne on The Citizen is 11 a. m om the Gate of ue Thoge advertisers having cottracts 2né fiting from a reduced rate are required t their copy m by 5 p = oo the Gey Pree 2a save THE MANACEMENST wesseesesesesesere les — — IN GRATEFUL APPRECIATION Of the courtesies you have extended to up = the past, we welcome the oppértunity to thank you te t= measure of good will and confidence which ~e “upg .. From this priceless asset—the good will of all these We hope to draw inspiration for contimeed effort: THE MANAGEMENT AND STAFF OF -Monsalvatge & Drane a wish for every prosperity ie the coming year MONSALVATGE & DRANE Serving the People of This Community for 20 Years