Newspaper Page Text
VOL. 1
flfll FEDERAL i.tIIENDE ACT
SWEEPING IN IIS TERMS
Incomes, Excess War Profits, Postal Rates,
Amusement Fees, And Nearly Everything
Will Have To Contribute Something.
America’s biggest revenue bill final
passed by congress last week and
signed by the president. Taxes
e i vied upon citizens of the United
vares to raise two billion, seven hun
•ed million dollars of money for the
ar and practically every citizen will
■, e compelled in some way to pay a
art Of this tax. A synopsis of the law
, here given and readers of The Trib
ne-Xews are admonished to study its
intents carefully so that however af
fected one had better prepare to pay
•he tax.
Income Tax Section.
The income tax section virtually was
nchanged, except for rearrangement
f| t surtaxes on incomes between
<ir,.t)oo and $40,000. The graduated
? urtaxes of from 1 to 50 per cent on
ncotnes from $5,000 to those of a mil
lion dollars and over were approved.
The senate increase of from 2 to 4
er cent income tax ou corporations,
:oint stock companies and insurance
companies, was approved, together
rith the new normal individual tax of
per cent on incomes of unmarried
versons in excess of SI,OOO and of mar
led persons of more than $2,000.
The graduated excess profits rates
rt xe 20 per cent of excess profits not
n excess of 15 per cent of the invest
ed capital for the taxable year; 25 per
nt profits in excess of 15 per cent
and not over 20 per cent of such cap
itals; 35 per cent on excess over 20
nd under 26 per cent of capital; 45
cr cent ou excess over 25 per cent
nd under 33 per cent of capital, and
maximum of 60 per cent on profits
in excess of 13 per cent of such cap
l ital.
War Excess Profits.
I'S calculating war excess profits the
•‘invested capital” of corporations
nd partnerships was declared to in
■- hide actual cash paid in. Actual cash
• lap of . ther tangible property paid
n.r siock or shares, at the time o'f pay
t or January 1. 1014. but in no case
exceed the par value of the original
•unties: paid n or earned surplus
nd undivided profits used or employ
d in the ‘business exclusive of indi
dual profits e&vued during the tax
able year.
The allowances for intangible assets
u luded "actual cash value of patents
1 copyrights paid in for stocks or
- ues at the time of payment, good
"ill, trade-marks, trade brands, fran
-1 -es, if for bona fide payments not
° exceed the cash value.”
It stipulates that such intangible as
'< >■ exchanged for securities before
March ”, 1917, not exceeding 20 per
■fnt of the total, shall be included at
a aliie not exceeding a fair cash value
at the time of purchase.
Second-Class Mail Tax.
hi lieu of the house tax on second
<!ass publications the conferees in
f in]“d anew zone system effective
■i'tly 1, 1918, with different rates for
° :, diiig matter and advertising mat
tfr - with special but increased rates
,nr agricultural and other publications.
A flat increase of erading matter of
4 of a cent i>er pound until July 1,
91! '- and 1-2 cent thereafter was pro
■ l p 'l Advertising matter exceeding
' Per cent of the total space would be
s 'ed from 1-1 to 2 1-4 cents additional
intil inly 1, 1919, and from 1-2 cent
f 1-2 cents more untily July 1, 1920,
i,n ' l f rm 1 cent to 6 3-4 cents to 1921
M from 1 cent to 9 cents thereafter,
'n additional tax of 1-8 cent per
‘ uni until July 1, 1919, and 1-4 cent
’’•ereafter on religious and agricul-
I ah fraternal and similar publica
was adopted.
or.e-eent tax on letters, except
T’ etters, was restored by the con
•V one-cent additional tax on
i! and private mailing cards was
1 The first-class mail increases
p Timated to raise $90,000,000 and
° active thirty days after the pas
of the act. The senate provision
J e>npt\ng from postage letters vrit-
II iy soldiers and sailors abroad was
I '“tained.
passenger Transportation Tax.
Ij ® conferees levied 8 per cent in
' of the senate rate of 5 and A*
r *** rAte °f !0 per cent on passen
-1 ; rans Portation, estimating to raise
levy about $60.-
00 10 *“s4 of $37,500,000 wider t*e
THE BARTOW TRIBUNE
(TRIBUNE VOL 7, NO. 33)
senate plan. The 3 per cent tax on
freight transportation was retained
and the tax on express transportation
was increased so that 1 cent would Le
levied on each 20 cents paid instead of
each 25 cents.
The hoitse 10 per cent tax on Pull
man accommodations, cut to 5 per cent
by the senate, was restored, and is
estimated to raise $5,000,000.
In lieu of the house 5 per cent on
sales on automobiles by manufactur
ers and the cent federal license of
owners, the conferees adopted a 3 per
cent tax on all motor vehicles, includ
ing trucks, payable by manufacturers,
producers and importers.
Taxes of 3 per cent on manufactur
ers’ sales of musical instruments and
jewelry also were written in. with a
tax of 1-4 cent a foot on motion pic
ture films.
Tax on Sporting Goods.
On sporting goods the revised bill
levied 3 per cent on manufacturers’
sales instead of 5 per cent proposed
by the house and 2 per cent by the
senate. The 3 per cent levy was also
adopted for cameras, in lieu of the
senate 2 per cent rate, and chewing
gum. manufacturers would be taxed 2
per cent of gross sales, a reduction of
3 per cent from the house rate.
The senate 2 per cent manufactur
ers sale taxes on perfumes and pktent
medicines were retained.
The senate one cent stamp tax on
hank checks was not restored, but its
tax of one cent on parcel post pack
ages costing 25 cents or more was re
tained. Other stamp taxes, all made
effective December 1, were retained
and tho house tax on indemnity bonds
restored.
Anew system of graduated inheri
tance taxes was written into the bill
ir. lieu of the house plan and despite
the senate's rejection of such taxes.
The new rates on inheritances with
those of Americans in military ser
vice exempted, range from half of one
per cent on $50,000 estates to ten per
cent on estates of $10,000,000 and
more
The/bulk of the increases between
82.70,000.000 and $300,000,000 made by
The conferees in the senate bill was
secured from the postage, public util
ities and manufacturing sales sections
and the new inheritance taxes.
With but few exceptions the new
I taxes are effective with the passage of
the act.
Both Senator Simmons and Repre
sentative Kitchim heading the senate
and house conferees, expressed satis
faction tonight with the conference re
visions and they believe the comprom
ise measure an improvement over both
the senate and house bills.
How Incomes Will Be Taxed.
The income tax section was adopted
virtually as written by the senate. The
new two per cent normal tax on in
comes of more than $2,000 for married
persons anVl SI,OOO for single persons
is in addition to the present IgW ex
empting incomes of less than $3,000
for single persons and $4,000 for mar
ried persons. Thus those between the
new low exemption bases and the pres
ent exemptions will pay only the new
two per cent tax. but single persons
having an income of $3,000 or more
and married persons whose income is
$4,000 or more would pay the full four
per cent normal tax.
Surtaxes were agreed upon as fol
lows:
One per cent on income over $5,000
and less than $7,500; 2 per cent be
tween $7,500 and $10,000; 3 per cent
between SIO,OOO and $12,500 ; 4 per
cent between $12,500 and $15,000 ; 5
per cent between $15,000 and $20,000;
7 per cent between $20,000 and $40,-
000; 10 per cent between $40,000 and
$80,000; 14 per cent between $60,000
and $80,000; IS per cent between SBO,-
900 and sloo,OfM>; 22 per cent between
SIOO,OOO and $150,000 ; 25 per cent be
tween $150,000 and $200,000 : 30 t>er
cent between $200,000 and $250,00; 34
per cent between $250,000 and $300,-
000 ; 37 per cent between $300,000 and
$500,000; 40 per cent between $500.-
000 and $750,000; 45 per cent between
$760,000 and $1,000,000, and 50 per cent
ob incomes exceeding $1,000,000.
Increased senate rates on wh'skey
THE CARTERSVILLE NEWS
CARTERSVILLE, GA., OCTOBER 1 1, 1917
GEORGIAN WRITERS
PM Ml 10 FAIR
Dudley Glass and “Spang”
Write and Illustrate Fea
tures of the CounFy.
r he Atlanta Georgian, appreciating
the tremendous importance of our
county fair as a news feature of state
wide interest, this week sent to Car
tersville two of the strongest members
of their staff, Mr. Dudley Glass and
Mr. Frank Spangler. Readers of the
Georgian are well acquainted with Mr.
Glass’ work as a writer since he has
been a regular contributor to the Geor
gian for the past five years. Mr.
Spangler is the cartoonist for that pub
lication, whose illustrations appearing
under the name of “Spang” are famil
iar to readers both old and young.
The fair officials were greatly pleas
ed to receive notification from the en
terprising management of the Georgian
that Messrs. Glass and Spangler would
be in Cartersville for the purpose of
looking the fair over and writing it up.
Upon their arrival they were enter
tained by the Fair Association, and in
addition to being conducted to the fair
grounds and the various buildings and
exhibits and witnessing the races,
they were given a drive by citizens to
the various mines and other industrial
plants in and around Cartersville
Both gentlemen made splendid im
pressions upon all who met them and
were themselves greatly pleased and
surprised at the wonderful growth and
achievements of Bartow county, as in
dicated by its fair, as well as by its
industries, and went away with the set
purpose of telling the thousands of
readers of the Georgian what they had
learned.
and beer were virtually retained and
that on wines somewhat reduced. The.
tax bn distilled spirits was made $2.10
per gallon when for beverage use and
$1 less for industrial purposes, esti
mated to raise $135,000,000. The
amendment prohibiting importation of
distilled spirits for beverage use was
letained Floor taxes to reach with
drawn liquors were approved. Beer
was taxed $1.50 per barrel additional,
to raise $46,000,000. an increase of 25
cents per barrel over the house rate.
Present wine taxes were doubled.
Taxes on non-alcoholic beverages
were compromised. On prepared
syrups and extracts the taxes graduat
ed from 5 to 20 cents instead of from
3 to 13 cents a gallon were adopted.
Grape juice and other soft drinks are
taxed -1 cent per gallon,' as provided
by the senate in reducing the original
2-cent rate of the house.
Senate rates on cigars and cigar
ettes were retained, but those on to
bacco and snuff were increased from
4 cents to 5 cents a pound.
Stamp taxes agreed upon we rg:
Bonds of indebtedness, 5 cents on each
cents; parcel post packages, 1 cent for
$100; indemnity and surety bonds, 50
each 25 cents of the cost of franspoiv
tation; caidtal stock, original issues,
5 cents per $100; sales and transfers,
2 cents per $100; of produce on
exchange, 2 cents for each SIOO in val
ue in merchandise; drafts, checks pay
able other than on sight or demand,
promisory notes, except bank notes
for circulation, and renewals, 2 cents
for all sums below SIOO, and 2 cents
for each additional SIOO or fraction
thereof; conveyance papers. 50 cents
between SIOO and SSOO, and 50 cents
for each additional $500; customhouse
entries, from 25 cents to $1: entry for
withdrawal from bonded warehouses,
50 cents; passenger vessel tickets for
ports other than in the I'nited States,
Canada and Mexico, between $lO and
S3O, $1; between S3O and S6O. $3. and
above S6O, $5; voting proxies, 10 cents;
power of attorney, 25 cents; playing
cards, decks of not more than fifty
four cards, an additional 5 cents on
the present rates.
House and senate provisions for a j
tax of 5 cents each on telegrams, tele
phone and radio messages costing 15 '
cents or more and designed to raise
$7,000,000 were retained, but the house
tax on gas, electric and telephone ser
vice was eliminated.
Taxes on life insurance, eliminated
from the house bill in the senate, were
amended and reinserted, raising about
$5,000,000. Effective November 14, the
nex taxes on new insurance policies
iasned are 8 cents per SIOO or fraction
Aereof on Hfe insurance and 1 cent
HIM BBlie SALE
Plir DNJ COUNTY
Business Men Press For
ward In Drive For Sub
scriptions.
, The business men of Cartersville
who succeeded in securing subscrip
tions to the amount of $125.000 for lib
erty bonds throughout the county upon
the first issue of these bonds are now
perfecting a plan of campaign for a
big drive on the second loan which is
now being floated throughout the na
tion.
The government offered the second
series of bonds last week and subaerip
tions will be accepted throughout this
month. This issue will consist of three
billion dollars. The first Issue in May
was for two billion dollars which was
oversubscribed. The first issue was
sold upon an interest basis of 3 1-2 per
cent per annum, while the Issue now
being offered carries four per cent in
terest for bonds maturing in twenty
five years with the government grant
ed the privilege of redeeming after
ten years at any interest date. Of
course, the 3 1-2 per cent bonds that
were sold will hereafter bear four per
cent, since the government at the time
cf this sale agreed that if it should is
sue bonds later carrying a higher rate
of interest, that the interest on the
first issue of liberty bonus would auto
matically take the new rate.
Cartersville and Bartow county will
not fail to subscribe their part. This
was done on the first issue by some
thing over one hundred thousand dol
lars. Tt is the confident belief of busi
ness men that the bonds allotted to
this county will be readily taken up
and, it being practically a seven per
cent investment, being free from taxes
and the best security in the world,
they will enjoy a ready sale.
Extensive advertising has already
been issued and the attractiveness of
the bond issue will be presented to
practically every person.
per $1 on the premium charged on ma
rine, casual! v, fire and inland iusur
ance.
Amusement Taxes.
Amusement taxes agreed upon pro
vide that all persons entering places
of amusement free, except employees
and officials on duty and children un
der 12, would pay a tax at a rate of
; I cent on each 10 cents or fraction
thereof of the admission charge. This
tax also would apply to cabarets and
similar performances where the cost
of entertainment is included in other
costs, such as service. Holders of an
nual box seats would pay 10 i*r cent
of the annual- rental. Nickel theatres
and shows, rides and other outdoor
park amusements with a maximum ad
mission of 10 cents and benefit enter
j tainments and agricultural fairs were
exempted.
After November 1, 1917. members of
; all clubs--except certain fraternal or
ders. paying more than sl2 annual
j dues would be subject to a 10 per cent
tax.
On excess profits the conferees
agreed upon a minimum deduction of
T per cent and a maximum of 10 per
cent instead of the 6 to 10 per cent fix
ed by the senate. Other exceptions are
.$3,000 for corporations and $6,000 for
individuals. Corporations, partnerships
and individuals having no capital stock
would pay a flat rate of 8 per cent on
net profits in excess of $5,000 for cor
porations and of $6,000 for individuals
and partnerships.
t Miscellaneous income tax amend
ments inserted by the senate were gen
erally adopted, including the so-called
Jones amendment for a tax of 10 per
cent on corporations’ undistributed
surplus, without allowance for income
taxes paid. The 10 per cent tax would
!
not apply to undistributed incomes ac
tually invested or employed in busi
ness or Invested in federal securities
after September 1. 1917, and a 5 per
( cent penalty for surplus retained, but
. not employed is provided.
I In making provision for administra
tion and collection of the new and ex
isting taxes, the conferees provided
that the speeial tax of 121-2 per cent
on war munitions manufacturers shall
be reduced to 10 per cent, but retained
to January 1, 1918 ft now- yields about
$29,000,000 annually, and. the senate
had proposed R* repeal.
(NEWS VOL 34, NO. 42)
AN (MAZING DISPLAi DE PRODUCTS
SET FORTH IN COUNTY FAIN
Best And Most Comprehensive Exhibition
Of Productive Resources Ever
Presented In County
Bartow county’s fair in progress ibis
week presented an appearance and
furnished an exhibition which was
very gratifying to the fair association !
aiul must have caused every citizen of
Bartow county who attended it to be
possessed with pride.
It was the opinion of all who attend
ed. especially experts in agriculture
and live stock, that it was the most
creditable display of products and
handicraft and domestic work that has
ever been shown in the fairs of this
county. Dr. Bradford, of Cedartown,
who attends fairs all over Georgia, was
very emphatic and earnest in his
praise of every feature of the Bartow
fair. So also was Dr. Hart, out of the
Department of Agriculture at Athens.
Mr. tooting Brown, of Marietta, was in
attendance, and ui>oii all hands the ex
hibits. through variety shown, pleased
and astonished competent and capable
judges.
The directors of the fair association
themselves were greatly pleased and
are convinced that the fair this year
was, with reference to its main pur
pose, that of setting forth an agricul
tural and live stock display, decidedly
the bes.t show that has been furnished.
The crowds have not been as large
as the fair deserves nor as large as
anticipated. The weather was excellent
and the people are prosperous and it
was thought that there would be suf
ficient of patriotism and civic Interest
in the fair to bring within the gates
practically every citizen of the county.
In this respect the managers of the
fair are disappointed. They have the
consciousness and feeling. However,
that those who did attend received an
inspiration and a benefit whichwill go
far toward making more successful
future fairs. Those who missed seeing
/
the fair this year and who could have
attended have done themselves a posi
tive injury.
The Woman's building was more
exhibits Than ever before and was an
CHARTER ELECTION
STIRS UP INTEREST.
Tomorrow is election day to decide
in Cartersville whether or not the
charter shall he so changed as to
provide for a city manager with
a salary of $2,100, an executive
board without compensation, and
a board of education with five mem
bers. The total registration is 336 ai:d
these are to decide the question for
the city. The registration began on
Monday, October Ist, ending Tuesday
evening, October 9th, and the election
comes off on Friday, October 12th. of
this week.
Quite a great deal of active work is
being done, both for and against ihe
proposed charter, by a number of citi
zens who are very much in earnest
concerning it. Of the 33C who arc regis
tered, it is pretty safe to assume that
practically every one of these will
vote. Should the proposed charter re
ceive a majority of votes, it will be
adopted and thereby become part of
the fundamental law of Cartersville.
Should it fail to receive a majority of
votes, the existing charter remains in
full force and effect
BARTOW COUNTY’S QUOTA
COMPLETE TO DATE.
On Wednesday. October 6th, six
more white men left for Camp Gordon
as part of Bartow county’s quota in
the national army now being raised
throughout the nation. This co’-phie
the* second call ami there remains only
row for the last call to be made to
bring out the fill) 209 soldiers which
this county is to furnish. The young
men who left Wednesday are:
Joel Thompson. Atco.
Junius G. Welch. Linwood.
William N. Bradley, Cartersville.
Thoa. W. Croft, Cartersville.
Merith Reed, White.
Sam Osborn Shinall, Cartersville.
The young men left with the good
wishes of a number of friends and rel
atives who were at the train to vi*h
them success ia arms, and on the af
ternoon of Wednesday reached Camp
‘Gordon, and quickly assumed their du
ties of military life, .
amazing creation of the incite var
iety of women's work in this county.
The good women who managed this
department, as well as all those who
co-operated with exhibits, have done a
distinct service and deserve great
praise.
The agricultural building presented
everything this year that can be
grown on a farm in the temperate
zone. It was thoroughly interesting,
and, to be appreciated to Us fullest ex
tent, one should have remained in this
building for hours. Even then he
would not have completely absorbed
all that the samples of production in
dicated. There w r as, perhaps, not so
much display o? art in this building
this year, but there certainly was var
iety and it was assuring to those who
ore so much interested in the maxi
mum of production being reached be
cause it showed that the people of the
county have entered into a versatility
of production and a variety of interests
that will enable Bartow county to do
Its part toward feeding the world.
The negro building was splendid
and the liveliest of interest was taken
by the negroes in their show. They re
ceived congratulations on all sides
and deserved the praise that was free
ly and voluntarily furnished.
The hoys’ pig club furnished an ex
hibition which was pleaisng to all and
which was witnessed by all who went
to the fair. Adairsville made a splen
did exhibit of cattle as welt as agricul
tural products, and Mr. Ruohs Pyron
was on hand and displayed the finest
specimen of Berkshire hogs that has
been seen in Cartersville^
The poultry show was creditable;
the races better and more interesting
than ever before, and, all told, the fair
in its various departments went be
yond the A complete ac
count of the prizes awarded will b*
furnished in future issues of The Trib
une-News.
YOUNG & SMITH FORM
REAL ESTATE PARTNERSHIP.
In another column appears the no
tice of the formation of the firm o£
Young & Smith, composed of John R.
Young and C. D. Smith, to succeed tho
well known real estate and rental
company heretofore operated under
the name of John R. Young & Cos.
Mr. Young is well known throughout
Bartow county through having suc
cessfully conducted a real estate bush
ness here for a number of years, dur
ing which time he has put through a
number of important business and
land deals. The firm has enjoyed a
reputation for scrupulous integrity
and fair dealing p.nd has conducted
wide awake, progressive business.
Mr. c. D. Smith is equally welL
known through his long residence ia
Cartersville, though for many years
actively associated with the Davisi
Foundry & Machine Works at Rome.
He is himself a large owner of real
estate in Cartersville and has con
cluded to take an interest in the above
named firm, and thus becomes an ac- v
tive citizen of the town, identified
with its business interests and pro
gtess.
The firm contemplates dealing ex
tensively for clients in city and farm
property and will conduct an active
rental agency. Mineral lands will also
be handled by the firm, so all persons
hiving real estate to buy or sell, farm
property, or desiring to lease or >ent
property, should place themselves ia
touch with this firm.
CONGRESSMAN AND JUDGE
VISITORS AT THE FAIR.
Congressman Gordon Lee and Judge
Malcolm C. Tarver are two prominent
visitors at the fair this week. Mr. T e*-
came today and will remain over Ki
day and Judge Tarver also came today.
Both expressed themselves as highly
pleased with the fair and Its many en
tertaining features and Were earncsti
ic their over p; a
grese shown in the department of'ag*
riculture add live jJloclt interest. j
NO. 28