The Electra News (Electra, Tex.), Vol. 17, No. 21, Ed. 1 Thursday, January 31, 1924 Page: 2 of 8
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Income Hot
Information
WHO? SIngle persona who
had net inconie of $1,000 or
gross income of v$ 5,000 or
more, and married couples
who had net income of $2,-
000 or more or gross in-
come of $5,00.0 or more
must file returns.
WHEN? The filing period is
.
10, 1924. * . • f.
WHERE? Collector ;o£ inter-
nal revenue for the districtr
in which the person lives or
has his principal place of
business.
HOW? Instructions on Form
1040A and Form 1040; al-
from January 1 to March i ;^e |0ca| Ford agents have been tin*
so the law and regulations.'
WHAT? Four per cent nor*
mal tax on the first $4,000
of net income in excess of
the personal exemption and
credits for de pendents.
Eight per cent normal tax
on balance of net income.
Surtax from 1 per cent to
50 per cent on net incomes
over $6,000 for the year
1923.
able* to get" enough to supply the
> demand , locally, .; ~" * v
This change In equipment- for
the Ford truck is .said to be able
to withstand all jolts and Jars
much better than the ordinary wood-
en kind and has already proven its
as well as comfort for
driver. The body of the truck
is so arranged that the truck may
be outfitted for a covered truck or
with supporting stakes for large,
bulky loads.
-«♦—»»
( d^rVbilltjr
1 2 „the driver
TIPS FOR TAXPAYERS.
No. 6.
! In computing his net income for
the year 1923 a taxpayer may de-
duct from gross income all losses,
incurred not only in his business,
trade or profession, but In any
“transaction entered into for prof-
it” not compensated for by insur-
ance or otherwise.
To be allowed, losses not incur-
red in trade or business must con-
form closely to the wording of the
statute. For example, a loss incur-
red in the sale of a taxpayer’s home,
which at the time of purchase was
bought without intention of resale,
is not deductible because It was not
a transaction entered into for profit.
Losses sustained in the operation
of a farm as a business venture are
deductible. If sustained in the op-
eration of a farm opecated merely
for the pleasure or convenience of
the taxpayer, such losses are not
deductible.
TIPS FOR TAXPAYERS
No. 7.
Losses arising from fires, storms,
shipwreck, or “other casualty"- -
for example, a flood or frost - -
whether or not connected with the
taxpa-yeT’s business, may be deduct-
ed from gross income in his 102 3
income-tax return If his home or
automobile is destroyed by fire, the
loss is deductible for the year In
which it occurred.
Loss of property by theft or bur-
glary is an allowable deduction and
need not be incurred in trade or
business A loss for < lnhezzh*
ment is also deductible
All losses are deductible nnh to
the extent b> which they ar«* not
compensated for b' insurance or
or otherwise.
NOTE—Additional income tax in-
formation will appear in succeeding
issues of The News.
C*b’On Fbrf-TSi^S
Show by Lina Motor,
V '■rr&zul Jk,. i #
Tlift itna Motor jfc^|nyr||l
* £jtirasV*'at> :£$ectra’s'
body which the Ford Motoj.. com-p
pany has recently introduced.* This-
type of delivery car has proven its
popularity from the start and the
demand has been so great for this
improved metal cab and body th4£
Our Weekly
Financial Review
Written for The News
*u. " V
MWt
’ ) Z ' AV
ll
With the .publication, of the Dec-
ember figures by the Statistical
Bureau of the Silk Association for
the country’s Imports, consumption
and stocks on hand of raw silk the
records of the calendar year are
completed. The imports for the
month of December were of nor-
mal proportions, comparing quite
favorably with the monthly aver-
age for the past two years. How-
ever, with the exception of Febru-
ary, 1922, consumption was the
smallest of record for any one
month during the last two years.
The stocks on hand, however, were
higher than any time since Febru-
ary, 1923. Imports during Decem-
ber amounted to 28,835 bales, an
Increase of 891 bales over Novem-
ber, 1923. Consumption, on the
other hand, decreased 1,951 bales,
amounting to 23,274 hales.
Total imports of raw silk for the
entire year totaled 350,202 bales,
a monthly average of 29.184 bales
This represents a decline of approxi-
mately 10 per cent from the year
1922. Consumption of raw silk
during the year amounted to 358.-
rkin^bn’8- “Penro(l and
.Newton Hall, Gertrude Messinger,
Joe McCray,- Gen? Jackson,; Rocfc
liffe Fellows,. Gladys „ Brock well,
Mary Philbin, Gareth Hughes, Wm.
V. Mong, Bobbie Gordon and oth-
ers. The “orfullest” kids in town
played by the “greatest kids in the
world.” You’ll laugh, roar, scream
and then wonder! It’ll bring back
memories of your childhood and af-
ter you see it you will know why
we call it a “truly great picture."
It holds place among the 52 best
pictures of the year on the honor
roll and is a First National Attrac-
tion.
Dippy Doo Dad comedy “The
Bar Fly” and Literary Digest’s
Fun from the Press.
Monday and Tuesday—
“The Call of the Wild” from the
famous dog story by Jack London.
A drama of the gold rush days
along the Yukon trail; a classic
fiction’—now a film epic. See it!
Get a thrill and a throb! In the
cast with Buck himself are Jack
Mulhull, Walter Long, Laura Roes-
sing, Sydney D’Albrook and Frank
Butler.
Will Rogers in “Uncensored Mov-
ies,” a feature comedy.
Wednesday—
Mary Alden, with Louise Lee,
Dorothy MacKaill, Holmes Her-
bert, Albert Hackett, Cleo Madison,
J. Barney Sherry and others in “A
Woman's Woman,” an intensely
human drama of Mother Love.
Progress comedy “Chicken
Feed.”
Thursday and Friday—
Dorothy Phillips with Robert An-
derson", Lewis Dayton, Mayme Kel-
so, Rosemary Theby, Cyril Chad-
wick and others In “Slanders The
Woman,” a drama staged against
the picturesque background of the
far north where people go to forget
and to be forgotten—a thundering
drama of a woman’s fight against
the wagging tongues of the world—
staaed against the eternal snows of
that country and the eternal and
cruel wall of public opinion. An
its aim the development of the fin
est student' sentiment at the Uni-
versity,-
“Since the girls, composing ..the
Co-Ed Council areat'the;, heads of
their various organizations, it will
be easy for themto' wield a pow-
erful force in every department of
University life,” stated Miss Lucy
J. Newton, dean of women. “Any
measure for the betterment of cam
pus atmosphere will receive the
support of the Co-Ed Council. One
definite aim of the girls at present
is the support fo the Vocation Con
ference to be held during the win
ter term. It Is to be hoped that i
vocational bureau may be establish
ed in Texas to assist girls to secure
positions for which they are trained
after graduation.”
The following students from Elec-
tra have the honor of being selected
for membership on the Co-Ed Coun
cil: Llerena Friend, representing
Ashbil Literary Society.
-♦»+- —.....
May Secure Blanks
At Lina Motor Co.
For 1924 Licenses
The Lina Motor company an-
nounces that all Ford owners can
secure blanks from them which can
be filled out and sent to Wichita
Falls for their 1924 licenses. It is
necessary that the owner of a car
must know the last year license
number as well as the engine num-
ber.
By sending a cashier’s check for
$11 20, the amount for a Ford this
year, an owner can get license back
in a few days. Otherwise the tax
collector will wait until the check
has been paid.
417 bales as compared with 367.620
bales during 1922. Stocks on hand Allen Holubar Production. A First
at the end of the year aggregated
40.959 bales compared with 35.
398 bales on November 30. 1923.
and with 4 9.174 bales on December
31. 1922.
--
Captain MacMillan and his crew
on the steamer Bowdoln frozen in
the ice off the shores of Greenland,
chat by wireless, dntlv with neigh-
bors Inins in the tropics They
hjne heard concerts from stations in
England. Germnn>. Holland Mexico.
France Tt.ilv Noru.n .In pan ^ptin
and the ’ nit<d States Tie" hn<
t eked with lltuiii. mon than 5
PnO nnhs
National Attraction.
Pathe’s News and Aesop’s Fable.
See Jackie Coogan In “Oliver
Twist.” Zane Grey’s Heritage .o*f
the Desert” and Gloria Swanson in
“Zaza” next week.
Deer imported to New Zealand
have become so large in numbers
and so destructive to farmers* crops
that it has been necessary to place
a bounty of two shillings a head on
them.
EXHAUSTED?
Let FORCE Tonic revive
you. It rebuilds and strength-
ens the body structure.
FORCE Tonic
R
What Will Dye Do? I
Are you tired of the color of some dress, suit, or coat'
Send it to us and let an expert dyer change it into a new
color or restore it to the original ^hade. Convenient to you
by parcel post.
%sinel| S I® feisional Dir
I Jib #L it : -
oasasisi
an
.in the Lines Represented.
L°“™1
'jrnmmm
INSURANCE
?
Electra InsuRrance Agency
’Phone .487
Jackson Building
A. C. Rippy Filling
Station .
Home of Texaco Products and Gates
Tires
North Waggoner
’Phone 639
DR. A. F. HOMME
210 Bashara Building
’Phone 484
DENTIST
__m
* modamvtttwt**
home same daj-
Office: 514-516
Telephone
to 5. except'
• V-.-i- v!
Hours: 9
Wichita-Electra Stage; v-i
f .
* K .J lift *»*
Every hour on the^hour’s*^
’Phone 828
■V -* v**
y
Pistons, Piston Pins, Piston’-/.;
4^
. r
‘.‘Si
and Bearings, regular
^6
for nearly aU makes of
Texas Hardware All
Electra Furniture Co*
licensed Embalmers and
Undertakers
’Phone 1 9
Night Phone 1 27 or 369
Supply Cd. * 4?
«r-’i
Telephone 73 Elects
MARCUS BROS.
ICE, GAS and OIL
*A Convenient Place to Trade”
’Phone 760
Dr. Stephen E. Smith
PHYSICIAN AND SURGEON
Specialist on Diseases of Women and
Children
JUST RITE
Cleaners and TailoraJ:
We are not satisfied unless^*
satisfy you ; '. ' ^
■■ •? .
-—____' I- F
*. * .
1:
' ?
c
i 'W-i
REX CAFE
; .Vv-r
A'-.1..
‘
Home of Good Coffee ; ^
Always Open *
'F
H. O. WITHERS, Prop. C -
117 North Main Street
A
<■
V
* *. S*
TOM KINNEBREWl
Transfer and Storage " 'v'\ ’
' '
Long Distance HanliW '
Service Truck ’ - ’’V
-* - 5 .
Office over First State Rank
f> •i-A'.'ic
1 ‘>20—’Phones—Office SSl.r',
^0
'-r —
Residence ’Phone 47
Office ’Phone .VJ1
Delaho Auto Trimming Co.
“Where the Dollar Does its Duty.”
Known to the Oil Workers as “Chief.”
Excellent workmanship on all auto tops,
curtains and all auto top repair work.
Phone 762
At Overland Company on East Cleveland
3n Scott A\)e.
Gasoline—Kerosene—Distilate—Gas
WHOLESALE
Oil
Phone 841
C. O. ROBERTS, Agent
for
GRISWOLD OIL PRODUCTS
‘Quality and Service Guaranteed”
Box 801, Electra, Texas
DYERS AND HATTERS
914 Scott Avenue Wichita Falls, Te^rfas
/
Mail Orders Handled Promptly
Bottling Milk By Machinery
is sanitary. economical, safe
That’s our way. The milk never
comes in contact with human
hands Produced by the best
breeds of dairy cows, the milk
is rich and full of nutriment and
pasteurizing removes all bacteria
and impurities. All our bottles
are especially cleansed before
using.
Electra Creamery
’Phone 451
City Meat Market
(In new location.)
104 BRYAN AVE PHONE 278
Have the best of everything in Fresh and
Cured Meats. Fish and Oysters. Dressed
Chickens on Fridays and Saturdays.
A Few of Our Prices:
Cudahy’s Box Bacon, best grade, per lb.........30c
Armour’s Banquet Bacon, best grade, per lb.....30c
8 lb. Bucket Armour’s Vegetable Shortening ..$1.45
4 lb. Bucket Armour’s Vegetale Shortening ____75c
2 lb. Bucket Armour’s Vegetable Shortening ..*..40e
8 lb. Bucket Wilson’s Advance Shortening......$1.45
4 lb. Bucket Wilson’s Advance Shortening......75c
2 lb. Bucket Wilson’s Advance Shortening......40c
Best Steaks .......................... 25c
Pork Steaks .................................25c
Pork Chops .................................25c
Want your trade and will give you qual-
ity and service.
G. W. Richardson
AUCTIONEER
Sells Anything—Anywhere
Box 202, Vernon, Texas
PHONE 531
Electra Feed and Milling
Company
• fM;
A Full Line of Feed, Hay an^ Grain
—SERVICE— *
Phone 565 North MaiiT^Stl
_;_
C. W. MONROE
Physician and Surgeon
Have removed my office to rooms
214-15 Bashar* Building
Urologist and City Health Officer
Do You Want a
BETTER JOB
Learn to do some one tlitnu twU
Ro a trained man. Study at 1mm.
In sii.iro mur with tho world'.
largest corrospond'-nro m-hool ,
Orcr 300 courses. Writ* to dm -
rm*
for full particulars ulioui Mm
work of jour cholco.
International Correipemtrnra
Box 889. Seranten. P.nmt
,'4#V
Electrified Water* ■ ?
Safeguard Your Health',^;''-:
It’s Pure—Typhoid Germs Killed
’Phone *698 for a bottle NOW ^
■v
Jackson’s News Standi
ROOK^—PKRXODIOALS—MAOA-
aiNKS
n
taken for any maga-
zine published
W. P. GRISHAM
GENT'S FURNISHINGS
CLEANING AND PRESSING
;•
We Call for and Deliver
’PHONE COO
“Printing
That
Mem
Phone
220
Is
Better”
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Baker, Verne A. The Electra News (Electra, Tex.), Vol. 17, No. 21, Ed. 1 Thursday, January 31, 1924, newspaper, January 31, 1924; Electra, Texas. (https://texashistory.unt.edu/ark:/67531/metapth893201/m1/2/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Electra Public Library.