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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