The Hereford Brand (Hereford, Tex.), Vol. 44, No. 46, Ed. 1 Thursday, November 16, 1944 Page: 10 of 12
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The Hereford Brond, Hereford, Texos, Thursday, November 16, 1944
Page 4
■ nu ▼▼ KBiVX • • • ^ ■ ■ ns
uso
I I
THIS WEEK . . . AT THE surely a trtbut€ to those who knows; she may be hiding in
i had worked so hard and plan- the tTunk of that new car he
ned its details. The decorating drove back last week from Ten-
or the club, which must have neaaee. Listen in next week,
been an immense task in it- for more on this exciting mys-
,self, was beautifully done. A tery.
_ huge, flood-lighted star made | Don’t forget the Western
, of curled blue and white paper, Dance next Monday at the Club
Have you seen Mrs. Olson s hung over the center of the House. Do plan to come if
letter on the bulletin beard? dance floor with hundreds of possible; and O. S. O. girls,
We were so glad to receive her red. white and blue streamers please help us carry out the
letters and learn of her safe leading out from it. Western idea by coming dress-
ed in that fashion, please.
-o-
LEGAL NOTICE
TOE STATE OF TEXAS
TO: Albert H Seed. Joseph D
Seed, Woodrow F. Seed, Mabel
F. Bennett and husband
*WlTOli PatUl- * rT the The stage setting also carried
■now is b< ginning to fly up » natriotic motif with a
there and she may be a little £ ^ - wi,
r,.„niJl1r __„ huge flag for the center back-
nomestek for some good old ___, ...
ground with red and blue
T"®'1 5* d ulp j Streamers on white for the side
I n w Sln , J drops. Corsages of chrysanthe-
L ! mums tied with white ribbon.
hniStTn hlTrH dd ^ I inscribed ‘1804th S. C. U." were
f) rnn+rihiitwi presented to the ladles. On the
ouf5Si«? co2“, w l^%ripfwasba
enjoyed some from Mrs. Swi- I Xt™ ^ a£k£ cg!£
gurt, Mrs. T. D. Stambaugh and . , *"?* wnil,e na f,nryf
anthemums and blue candles in
crystal holders. Everyone en-
Mrs. A. L. Manjeot this week
£ s rsi a*- rrvnd ^
claimed for our b;rthday cake “. “S '1, b'u th° ‘TP
but had only one small last blte.ior^tra durinK th* PVeninK‘
Tlie boys really go for home-i ^ 1£> P c supper at the t enter,
cooked food. Monday night, was well-attend-
We were also happy to have (‘d Everyone seemed not only to
the last chrysanthemums of enjoy the pies and coffee but
the year from Mrs. J. F. Ward. the **\e as well. The firm of
They were very beautiful and "Grossman and Clrnlis, Buyers
AVWWW.VWAV.VA*
Selective Service
NEWS
W.V.W.V.W.V.V.V.W.V
2-A
(Engaged In useful civilian oc-
cupation.)
Drew Ridgway, Chris M. Ja-
cobsen, James R. Hays, Wadie
R. Dlffee.
2-A (F)
(Not qualified for military ser-
vice and engaged ill useful civ-
llian occupation.)
James W. LaCour.
-o-
Mrs. F. H. Oberthler left
Thursday for Boise, Idaho where
we are sorry to see them fade' and Sellers of White Elephants," she will spend two or three
for we have nothing to take tr^'d hard to corner the mar-
tyr place. ket but were gradually forced
Hats off to John Hofbauer, lnto bankrupU:y and finally had
local plumber. He not only came .10 hang out a "We Quit" sign
Thanks everyone, for helping
make this party a success.
Who knows where the bride
Is? A little bird told us that Pvt.
Robert Stuart was married ipnts, Mr. and Mrs. J. H. Pitman,
,___ ________________________ while on his furlough, but we --~--
Club last Saturday night was haven't seen the bride. Who I Read Our Want Ad Page! i
to our assistance when we need
ed hts services, but donated
them besides. Thanks again,
John.
The attendance at the big
party and dance at the Service
weeks with her daughter, Mrs.
Ted Houston, and children.
In Hereford to spend the Ar-
mistice Day week end was Miss
Esther Jennings of Amarillo.
She was a guest of Miss Kloy.se
Pitman In the home of her par-
Bennett, Alice A. Seed. Ada G.
Seed, Mary R. Bell and hus-
band, --Sell, Jennie M.
Seed. Mairjorie B. Seed and Wil-
ma P. Seed, the children of
Thomas H. Seed, deceased; the
unknown heirs and legal rep-
resentatives of Thomas II. Seed,
deceased; Willie Blanchard
Seed and the unknown heirs
and legal representatives of
Willie • Blanchard Seed, de-
ceased; and all persons clalm-
j lng any interest to Section No.
6. Block K-3, Deaf Smith Coun-
ty, Texas, under Deed dated
December 16, 1913, executed by
A. S. Higgins and wife, Salla
Higgins as grantors, to Thomas
l H, Seed and J. I. Seed as grnnt-
j ees, duly recorded In the Deed
Records of Deaf Smith County,
i Texas, in Volume 35 at page
j 113; and all persons claiming
j any title or Interest under the
! said Thomas H. Seed to said
I lands, adverse to plaintiff;
Alice Seed Houehln and hus-
band —Houehln; Margaret
Seed Wright and husband----
Wright; Ada Seed Miller and
husband-----Miller; Mabel Seed
DeLong, and husband De-
I/mg, DEFENDANTS, GREET-
ING;
; Vou are hereby commanded
to appear be fore the Honorable
District Court of Deaf Smith
County at the Court House
thereof, In Hereford, Texas, at
or before 10 o'clock A. M, of the
first Monday next after the
expiration of forty-two days
from the date of the issuance
of this citation, same being the
11th day of December A. D.
1944, then and there to answer
Plaintiff’s Petition filed in said
Court, on the 23rd day of Octo-
ber A. D. 1944, in this cause,
numbered 2706 on the docket
of said court and styled Edward
C. Reinauer Plaintiff, VS. Albert
H. Seed, Joseph D. Seed, Wood-
row- F. Seed, Mabel F. Bennett
and husband, -Bennett,
Alice A. Seed, Ada G. Seed,
Mary R. Bell and husband,-
Bell, Jennie M. Seed, Marjorie
B. Seed and Wilma P. Seed, the
children of Thomas H. Seed, de-
ceased ;the unknown heirs and
legal representatives of Thomas
If. Seed, deceased; Willie
Blanchard Seed and the un-
known heirs and legal repre-
sentatives of Willie Blanchard
Seed, deceased; and all per-
sons claiming any Interest to
Section. No. 6, Block K-3, Deaf
Smith County, Texas, under dants, and each of them of any
Deed dated December 16, 1913, | title or Interest In said land,
executed by A. S. Higgins and and investing the same In
wife, Salla Higgins as gTantors, plaintiff under the Three and
to Thomas H. Seed and J. 1.1 Five Years Statutes of Adverse
Seed as grantees, duly recorded Possession. as is more fully
In the Deed Records of Deaf shown by Plaintiff's Petition on
Smith County, Texas, in Vol- file in this suit,
ume 35 at page 113; and all per- j The officer executing this
sons claiming any title or In-1 process shall promptly execute
terest under the said Thomas the same according to law, and
H. Seed to said lands, adverse make due return as the law dl-
to plaintiff; Alice Seed Houch- rects.
In and husband—Houehln; Issued and given under my
Margaret Seed Wright and hus- hand and the Seal of said
band-Wright; Ada Seed Mil- Court, at office In Hereford,
ler and husband-----Miller; Ma- | Texas this the 23rd day of Octo-
be 1 Seed DeLong, and husband ber A. D. 1944
---------DeLong, DEFENDANTS. Attest:
A brief statement of the na- R.
turc of this suit is as follows, I
to-wlt:
An action in trespass to try
title against each and all of the
defendants and for title to and
possession of all of Section
Number 6, Block K-3, Deaf
Smith County, Texas, and for
judgment divesting
L. THOMPSON Clerk,
District Court,
Deaf Smith County,
Texas.
(SEALi
43-4tc
Mrs. T. W. Hldgw-ay of Fort
Worth is visiting her daughter,
the defen- 1 Mrs. Kellar Muse.
* ? *J1
r-
&
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'M
tJW I
TAXES
?'
MAYBE YOU CAN
Pay Less Income Tax
UD ONK wants lo pay more in
•1 mine taxes than required by
law Hut a Inf of farmers pay too
much, and maybe you do.
•Ilist being on the “easb" basis of
taxpaying, instead of the “accrual”
basis, might cost you hundreds of
dollars a year, Don’t let that word
“accrual” scare you, It is easy to
understand.
As everyone knows, the higher
your income, the larger proportion
of il goes lo tin* tax collector. If
your income doubles you don’t pay
just twice as much tax, but maybe
three or four times as much.
A fanner's business ventures often
start one year and end sometime in
the next. For example, he might
feed steels in October, November
and December of 1 ftII and sell them
January 'JO, ID15. Most of the profit
(or loss) was actually made in l!)ll,
but on the cash basis of tax paying,
all of the income would be charged
against 1915 (plus any more income
made that year) while most of the
expenses would be charged against
1944, The result would be an unduly
high income for 1945, lienee, an un-
duly high tax.
The accrual system, on the other
hand, makes it possible to show- in-
come and loses in the year when
they actually occur, as w-e shall see
in a moment, It keeps income taxes
from jumping up and down.
Consider the experience of E, M.
Marshall, who has a productive
Missouri farm of UJO acres. He keeps
it producing near capacity, market-
ing his grain and bay through cattle
and hogs. During the depression bis
net profits were largely covered by
liberal exemptions, and the low rate
on Ids taxable income gave hi in little
concern, Then came higher prices,
war. and much higher income and
income taxes. Ilis tax bill in 1940
was less than ♦.')(), but in 1942 it
jumped to more than $400,
Taxes Are A Jolt
Like thousands of other farmers,
Marshall had never bothered much
about books. He depended largely
upon bis bank account to show
whether hi* was making money.
Since the government was satisfied
with a mere eash-ineomeand-i‘X-
peuse statement, lie gave little
thought to doing more than being
sure that bis tax return showed all
his exemptions and expenses,
Hut the 1914 income tax of ♦2,1)15
woke Marshall up with a jolt. He
knew tax rates had gone up, but not
five times| What bad happened?
The answer was simple. Marshall
still was on a “cash” basis, when
In* should have been on an “accru-
al" basis. The 1941 and 1942 corn
crops had been unusually large. Like
other patriotic farmers, be imd re-
sponded to the war program with
double the number of fall pigs, He
bought twice as many cattle as usu-
tial in the fall of 1912. The result
was a pile-up of marketings in 1944
and he took in cash receipts for
almost two years’ produetion in a
single season.
If Marshall had been operating on
an accrual basis, instead of paying
♦2.015 in taxes, he would have paid
only ♦1,475. It cost him #540 to b arn
the difference. And, if his opera-
tions had been just twice as large,
it would have cose him ♦1,440 more,
been use of the way tax rates pyra-
mid,
Having learned his lesson the
hard way, Marshall tried to file his
Hi-print'-il hy pvrmimiltm of KAItM JOUHNAI, mid KAHMKR'S WIKK
By True D. Morse
President of the Doane Agricultural Service
1944 return < n an aeeriinl basis, ami
then In* learned something else about
income taxes. Advance permission
must be obtained from the tax itiilli
orities to make the change, and tin*
request must he filed within 90 days
after tin* tax year starts Marshall
was more than nine months late.
If yon should change from the
cash to ilie accrual basis, you must
request permission of tin* Internal
Revenue Hiireau between January 1
and March 41, 1945,
y
Who Should Use Accrual Base?
The accrual basis is usually pref-
erable in these situations: •*•••
1. If yuur net income exceeds
♦2,000.
2. If your farm income fluctuates
considerably from year to year.
4. If your expenses feed, fertil
izer, seed, implies, repairs, jmw buil-
dings, etc. run much higher in
sonic years Ilian others,
4. If you have regular or periodic
income from other than farm
sources, and that income changes
from year to year.
In addition, the accrual system in-
sures that you will get all tin* d«*
preciatioji deductions to which you
are entitled.
Only farmers with relatively small
incomes, or those whose incomes and
expenses change but little from year
to year, can safely use tin* cash
basis.
First step in changing over to the
accrual system, after notifying tin*
tax collector of your intention to do
so, is to start an adequate farm
bookkeeping system which might
well be put down as another advan-
tage,
True profits from year to year
cannot In* determined from mere
cash income and expense statements.
Competent farmers an* realizing the
importance of complete books, anj
how, to show them just what’s what.
You Need An Inventory
Hookkeeping under the accrual
system is not complicated. About all
that is required in addition to set-
ting down income and expenses is
an inventory once a year. You need
sin'll an inventory anyway, and it is
very little additional work to make
the complete one required for the
accrual basis.
Start, 1945 with a complete inven-
tory and a good set of books. •••
The account* should do double
duty: they should accurately guide
the farm business, and insure pay-
ment of the minimum income tax.
•••••••
, Don't drift along the easy way,
or depend on those who will make
up a tax return for you for ♦4 or
♦5. Taxes ar<* high, and probably
will stay high, Il is too costly a part
of the farm business to slight, when
you can do something about it.
E. C. Eubanks
Phones Residence, 110. Office, Ht9
Income Tax Service
nrtir- ii* w ms s»,
HKKKroiio rax as
iso on*
Tax
COMUI.TANT
“esse
AM
Weam GO AHEAD fa SAVINGS
Hop, skip and jump shopping from mark at to market wastes time, costs money,
tires you out. Enjoy the convenience, tha comfort, tho economy of buying ALL
your food needs in one place ... at one time ... by shopping at CITY FOOD
the complete food market where ONE STOP shopping means 00 AHEAD to
bigger savings. We've everything you want for your table quality foods in
tho widost variety available , , and our abundant supplies moan easier and
quicker shopping for you. STOP IN TODAY!
Coffee
Schillings. 4%
Mb. jar or pkg...
Sugar
IO-lb.
BAG
65c
FOOD BILL SAVINGS
TOMATO JDI0Ei";C™ e:!!*!":. 25c
APRICOTS"'...... . 31c
PINTO BEANS 15c
MINCE MEAT u........46c
MARSHMALLOW WHIPs 25c
ALL RRAN K'"x£».................He
MEXICAN STYLE BfANS I ; 1 ,o* 25c
for better
Breakfasts
PURE
Strained Honey
$1.05
Aunt Jemima
Buckwheat Cake
MIX a-
Large Size , ,_«|f y
Aunt Jemima
Pancake Flour
Small 1 J.* Large
Size 1 ■« Size
Rosebud Matches
■in,,.
ea i t on hUV
OUR
d$XiWMi
MEATS
LARGE
HENS
Dreuod
lb. 45c
Nu-Maid0LE0 * 20c
Frankfurters 25c
RIB
POT BOAST
lb. 18c
CHUCK
ROAST
__lb. 28c
Cured Ham cm.. ..u-u 48c
FRUITS L VEGETABLES
Cranberries
Choicest Quality—l ib Pkg. .
39c
Grapefruit rink-Lb........ 8c
Pumpkins m**. Lb 6c
Texas
Oranges one ruth Bushel Bag 79c
Lettuce Nice, firm heads each IOC
Delicious Apples LB 121c
6ih War Loan Drive Opens Mondays Nov. 20th — GET SET!
FIRST DOOR SOUTH OF THE FIRST STATE BANK
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Gillentine, Jimmie. The Hereford Brand (Hereford, Tex.), Vol. 44, No. 46, Ed. 1 Thursday, November 16, 1944, newspaper, November 16, 1944; Hereford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth583728/m1/10/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Deaf Smith County Library.