The Key West Citizen Newspaper, May 2, 1938, Page 3

a IP ST OY ee MONDAY, me 2, 1938. By The Story So Far: Loving some- one else, gently bored Judith Goodioe marries Reuben Oliver for his money, only to discover that his fortune is lost. Judith’s code insists that she stick to her sberpete and follow Reuben.to a it mining town, Fordney’s 3 , Nevada. It ts hard } ben, desperately loving J we her struggling with And tt ts hard for Judith. 08 Tesentment toward Reuben: stronger. Then twins are t —_ a weChapl Old Lady Fae’ EUBEN, more shaken and frightened that he had ever been in his life. awkwardly wel- comed his son and daughter upon their arrival. “Well. young man; and—woman!” He tried to assume | a joviality. Achieved only a rau- | cous huskiness at which both ba- | bies burst into a thin. indignant | wail —the first words. broadlv speaking, which passed between | them He went in .o see Judith with an unaccusomed lump in his throat. “Hello, Reuben!” Judith’s eyes were very blue in her white face The best Reuben could achieve | was a taut jerking of his facial muscles. He felt exactly as though he had Stood by an@ let a smaller boy take a licking that was intend- ed for him. Héiwas slad to get out of the room and gut, of the hospital When he came again it was to take his’ famikggbemeto Casper Street. “Gosh. Judy!" He looked won- deringly at his offspring. “They're all fired ugly. aren't thev?” “Ugly?” Didn't he know beauty when he saw it? Look at the cun- ning little hands, the adorable turned-up noses— Gingerly he carried the twins down to the hired car When he stopped being afraid he would drop them he found there was something strangely alluring in the feel of their squirming little bodies. He summoned up courage to poke one fat chin. then the other: “How do vou like vour old Dad?" he demanded The startled babies howled in| unison. “No so goo “Well—don't r: Let’s get going!” He and Judith found plenty to talk of now. The children leveled all barriers. upset all traditions. They, kept their inexperienced. adoring parents on the jump everv minute. The future. immediate ise such and remote. could be discussed | without reserve. “Mavbe we can find a house with ah extra room.” Reuben ‘said. af- ter he had snagged his trousers and raked a shin trving to squeeze between the twin's bathing pnara- phernalia and the open door of the oven “Maybe vou can find a better) job.” Judith suggested “You bet I willf" He sounded convincing. Judith must not guess he was hanging to his present iob by the skin of his teeth Each dav saw a cutting down of the working force. a lessening of production— Each dav he tried to lay bv a dol- lar for the inevitable rainy day. Meanwhile the twins continued to fill everv inch of space Thev spilled over the edges as it were. “Let's get rid of some of these doodads.” Reuben suggested. after the Roval Sevres vase had gone crashing to the floor. Judith consented half-hearted- ly “I want the children to grow un annreciative of the finer things of life.” “They'll grow up fatherless if | have many more collisions with the stove We'll store about half of this plunder!" Wondering at the ways of women. Reuben went out | in search of a vacant attic. Judith had thought her first vear in Casper Street hard She knew now it had been easy Two babies to be washed fed put to sleep. aired. sun bathed sterilized Bottle: to speak ahave twin would awake. awaken the other Laughter And Tears S ponds found a part time maid and named Helga She spoke only} when she was'spoken to When in good humor she hummed in a dreary monotone, When in bad hu- mor she banged things about and broke them. She cooked the din- ner, washed the clothes. washed the endless dishes. For the first time in her married life Judith was almost entirely happy. When she thought of Reu- ben at all she supposed he was happy too She had no time to ana- lyze her feelings. Whether she loved Reuben or whether she didn't made little difference now. He was her husband. Together; they must take care of the chil- dren. Reuben would have been happy. too if he could have .f depth to whitht he Judith. Saddled her with his thil dren. Made a slave of ber ar, would have been better off x Brent@p. (2 The wuehts went with him ashe through the mine. He heard@hem in the tap. tap of the Reuben decided a row.| Selice BLANCHE, picks; the raucous sound of the drills, the creak of the derricks— The twins were croupy babies. Judith spent anguished hours hanging over cribs. Reuben made record runs for doctor, medicine, helpful neighbors. Life was a heart g affair. Laughter followed wijtears.sease followed pain. joy fol- fear.as naturally as day 's-night and season follows ie little-house that was Sweat.box in summer and an ice- ox, in. winter became the hub of verse for the man and wo- man who were rearing their young there. Miraculously the twins survived all their mishaps. Grew dimpled. jadorable cuddly. Proudly Judith sent their pictures to Gran—“Love jt Gran from Jim and Judv Good- loe Oliver!” In due time Gran respondea with |two little dresses. beautifully em- |broidered by herself and two sil- |ver porridge bowls Gran. how- ever. wrote nothing except a | greeting card She considered her- | self unfairly used [t was unthink- jable that a granddaughter of hers should be tied to an impossible |person. whose only saving grace |had been money which he had not }the sense to hold on to Perhaps |Gran was wise not to write. When the twins were 11 months old Reuben lost his job. “You'll get another.” Judith. transfering .a steak from pan to platter with new expertness. said cheerfully “Sure!” Reuben tossed his gur- gling daughter high and turned to pick up@isv@istous son. “We'll probably have to move from this place. though.” |. “No tears will be shed over that.” Judith assured him “Not unless we strike a tougher one “As if we could!” “I've seen worse. but why worry about that until we have to? Things may boom here in a week or two.” “Of course. You'll go back to vour old job” He didn't go back te his old job or on toa new one. Milk meat for broth. fresh vegetables eggs—the twins must have them all Reu- ben's few surplus dollars melted rapidly as snow before a sun. Moment Of Desperation py let Helga go. One day, Reuben grim-lipped. went to |the citv carrving Judith's emerald engagement ring. her pendant. and bracelets He came back with a blue nawn ticket and a sizeable roll of greenbacks “Before that monev is gone I'll have a job.” He didn’t have a job He didn't even have the prospect of a job “I should be able to earn.” Ju- dith wondered what she could do. She had en@zh wedding presents to start.a gift shop but there were no customers She could give rid- ing lessons—But Fordnev’s Gulch was singularly horseless. except for a few weary nags that worked ceaselesslv at the mines. The latest model! Ford was the badge of pros- peritv and impeccable social standing in Fordnev's Gulch. Quietly Judith commenced to sel] off her precious things—hock glasses. Egyptian silver bow! with all the Pharoahs on it—The prices were pitifully small Fordrev’s Gulch did not take kindly to things that looked old and battered when thev were supposed to be new but Mrs. Kraus grabbed at Judith's silver fox. her fur coat. Gary's bracelet— And so old lady Fate piled up hazards for Reuben and Judith. With a fair measure of prosperity they would have graduallv worked out their happiness. would have made a go of things As it was— Poverty gnawed at Judith’s spir- it as a rat gnaws at a board It was | hard to live up to Gran’s ee: |Hard not to bow to Adversity. }laugh at it over vour shoulder, jdenv its existence— Poverty qpawed at Reuben’s self-respect—at his scant remain- jing faith in himself. riddling it. |Inevitably the hgyr had struck for jthe Oliversy sat must be. ap- |nealed to. There odd be no fur- ther argument about it The time }for pretense had passed “Write the #étte® how, Judith.” Reuben avoided his wife's eves. His wv He wi the wormwood }to put it off.” “No-—no u ix dollars up- | stairs in the bureau drawer. “If it wasn't for the babies I'd die before ld write to Gran.” Reuben handed her nis fountain pen. “Ask for $500." “TH sav we'll pay it back soon.” “Sav we may never pay it back.” 's—on your account—" I'd rather they'd get i* straight {this time.” Reluctantly. as though it were a hot coal, her fingers closed over the pen. On the little spinet desk near her was paper. “You'd better jtake it right down to the vost of- fice. Reuben!” He thought: “I don't believe ) Feud a cent. Probably force ‘0 ack to them—to leave me.” He satd: “I'll send it special.” ¥ Avatns: moment of defiance and Speration walked—Cissy. coer ue Bt Signeke Smcth Fergeson) ernrrew: Cissy knows what she wants, Seeeeeecceecevececcesscsceseceseeeseees TODAY’S B on Justice Ow U. S. Supreme Court, born Philadelphia, 63 years ago w James F. Byrnes Carolina, born at 59 years ago. of New York. ator, bern in Je n B. F. Ge IRTHDAYS Tew, president of the irich Company, Akron. ©., born at Jamestown, N.Y. 56 years ago. Bing Crosby at Tacoma. sh actor-singer 34 years ago born Nor ige (Mrs. George Jessel, actress, born at Niagara Falls, N.Y, 41 years ago. THE KEY WEST CITIZEN Loomine ‘Ss a cat By ‘HUGO | = SIMS, “Special Washington Correspondent of The Citize of The Citizen House and Senate Compromise on Taxes; Undistributed Profits Tax Live Issue The conflict between the House and the Senate on the $5,300,000,- 000 revenue revision bill was set- tled as all such disagreements have to be settled in legislative bodies—by compromise. The Undistributed Profits Tax is retained in modified form, thus upholding the House, and the present system of taxing long- term capital gains as ordinary in- come is abolished in favor of the principle advccated by the Sen- ate. Both Houses Win—Lose The bill as agreed upon pro- vides that corporations earning more than $25,000 pay a tax of sixteen and one-half percent on their undistributed profits. The House bill provided for sixteen percent, plus four percent. The nate bill had a flat rate of cighteen percent. The new bill . divides «capital ns into short term, (those in- volving assets held less than eighteen months):to be taxed as ordinary income, and long-term gains, to be taxed at twenty per- cent if the assets are held less than two years and fifteen per- cent if they are held longer than two years. The House bill con- tained the present system of tax- ing a percentage of gains on a graduated basis according to the length of time the assets were held. The Senate bill provided for a flat rate of fifteen percent on gains on assets held more than eighteen months. New Rates For Two Years The new law will stand only for the calendar years 1938 and 1939. Corporations earning less than $25,000 will be entirely. ex- empt from the principle of the undistributed profits tax. They will pay twelve and one-half per- cent on the first $5,000 of profits, fourteen percent on the next $15,0000, and sixteen percent on the next $5,000. Tiere aré also two “cushions” for corporations having debt or impaired capital. Corporations with a loss in one year can carry it over to offset profits shown in the next year in calculating the undistributed profits tax. In addition, earnings used for the re- tirement of debts, created prior to January Ist, 1938, will be ex- empt from the undistributed profits tax. While the agreement continues the principle of the undistributed profits tax, it is far removed from the provisions of the present law. Formerly, the income of a cor- poration paid a normal tax, grad- uated from eight to fifteen per- cent, plus a super-tax ranging from seven to twenty-seven per cent on undistributed earnings. A Lively Political Issue Undoubtedly the undistributed profits tax will be an issue in future political campaigns. Presi- dent Roosevelt has been outspok- en in favor of the principle ofthe tax. He contends that without it there will be a disparity between the taxation of individual prgpri- etors and partnerships on th® one hand and of corporations on’ the other. The argument advanced by the President for the undistributed MLD FM 153i, VOTE FOR LEWIS E. GIVE BUSINESS A VOICE Send A Business Man to Congress to Represent Your Interests Subject to Democratic Primary. May 3rd. profits tax is as follows: Indi- vidual proprietors and partners are taxable at the usual normal tax and surtax rates upon the entire profits of their businesses, whether taken out of the business or left in it. Corpora- tions, however, being legal enti- ties, can withhold the distribu- tion of profits and thus the share- holders who really own the busi- ness are not required to pay any personal income tax on their part of the withheld profit. income How Taxes Work By illustration: If three men operated a business as partnei and it made $75,000 profit, each of the three partners would have to report $25,000 income and pay personal taxes on that amount If the same three men owned all of the. stock in a corporation which made $75,000 in a_ year, they could pay ,$30,000 out in dividends, making each individ- ual liable to personal income tax on the $10,000 dividend. Ifthe corporation retained $45,000 of their profits, without distributing it as dividends, the individual owners would not have to report the extra $15,000 as income and thus would escape the personal income tax, Therefore. s the President, where corporations do not d > bute earnings, the Federal Treas ury does not collect additional taxes on the personal income of the stockholders. In the case of individuals with large incomes the loss might be considerable. Old Tax Rate High The reader should not lose sight of the fact, however, that corpora- tions, under prior law, paid a normal tax of from eight to fif- teen percent of their earnings, plus a tax ranging from seven to twenty-seven percent on un- distributed profits. It is this extra tax on undistributed earnings that the bassinet Beets upon. Without it, Ae says, the partner- ship or individual proprietor is discriminated against as compar- ed to the corporation. Moreover, without it, the avoidance of sur- taxes through the use of corpora- tions becomes a readily available device for those persons in the higher surtax brackets who seck legally to keep their net personal incomes down for tax-paying pur- poses and to hide their actual profits by leaving them undistri- buted in the corporations they own. DeSOTO HOTEL Sarasota Florida Vacation Land OPEN ALL YEAR EUROPEAN PLAN All Outside Rooms Quiet, Clean, Good Beds Free Parking { $1,00, $1.25, $1.50 single ' $1.50. $1.75, $2.00. double Rates La Verne Apartments 336 So. Osprey Ave. Everything furnished for housekeeping. Moderate rates by week or month IS SOI SMS ES SL SS BM Me, MOORE . ® . . & 4 N N . \) ) ) \ i) Oe BPD GSTS, ’ Key Westers Don’t Forget Their Friends Key Westers Are Grateful! Key Westers Know What J. Mark Wilcox Did For Them And Are Grateful For What He Did! They Will Show Their Gratefulness - In The Polls Tomorrow! J. MARK WILCOX Leading Candidate For U. S. Senator . N N) N N N 4 , 4 b) N N) . N N ) ; % 4 % N h} & ® N) —\ N : 4 . ® N N . N) : x N ) N x \ N) N . ) \) \) A) ‘ N) \) N & The Man of the Hour for Democrats of Florida and the Nation Friends Call Wilcox “The Little Giant” He Is a Giant In Thought, A Giant In Integrity A Giant In Ability and Efficiency. (Paid Political SLIVDIPIVPIIILL LLL L Ss. 5 WRIT IVIIDODIs: Advertisement by : saeessseseaen = A Record of Achievement In the House of Congress Author of Three Acts Bearing His Own Name Fri of J. Mark Wilcox) APE LAA A AE DADA AAAALLLLALALAALAALAZALL A PIPL IIVIBLAS &. MIDDIIIVPIL IL IVP IUIIDIL Ls.