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GOLLECTION OF FEDERALAX OFF BLUMP OF $1,400,000,000, O R TH IRTY PER CENT, AS COMPARED WITH LAST YEAR. MILLIONS PAID BY CAROINA Shrinkage in Business and Repealing of Laws Responsible, According to Blair. Washington-Federal tax collections during the fiscal year ended June 30, 1922, fell off almost $1,400,000,000 or 80 per cent as compared with the previous year. according to the annual report of the internal revenue bureau issned by Commissioner Blair. In come and'profits taxes collected dur ing the year showed a decrease of $1, 141,000,000. or 35 per cent. Total tax collections for the Aar aggregated $3,297,451,083 compared with $4,595,357,061 for 1921, while in come and profits taxes for 1922 amounted to $2,086,918,464 against $3, 228,137,673 the previous year. Miscellaneous collections arising from taxation other than that on in comes and profits amounted to $1,110, 532,618 for 1922, a decrease of $256, 686,770, or 19 per cent. This slump, Mr. Blair declared, was accounted for mostly by the rr-peal or reduction in rates of various taxes provided for in tLe revenue act of 1921, effective Jan uary 1, 1922. The net expenditure for collecting taxes for 1922 was $34,286,651, which was equivalent to $1.07 for each $100, collected as compared with 72 cents for each $1.00 the previous year . "The difference in the relative cost of collection for the fiscal years 1921 to 1922," Mr. Blair said, "is due main ly to the large reduction in the reve nues of 1922 incident to the shrinkage in business and incomes, the repeal of certain miscellaneous war taxes and various provisions of the law such as the amortization of war-time facili ties and the increase in individual ex emptions contained in the revenue act of 1921, with the consequent reduc tion in the income tax liability of cor porations and Individuals. Summary of the income and profits tax receipts during the year by states showed New York far in the lead in amount, with $527,695,268.75. Penn sylvania second with $245,798,087.82 asld llinois third with $179,633;973.91. -Neva de was low with $564,023.45 and New Mexico next to low with $811, 595.86. Other states included: Alabama, $9,009,980.66; Florida, $8, 433,602.21; Georgia, $14,170,049.82; lIouisiana, $15,477,826.58; Mississippi, $3,405,262.58; Mississippi, $3,405,263. 01; North Carolina, $23,179,559.81; South Carolina $9,699,041.79; and Ten nessee, $14,174,092.51; Virginia, $18, 577,320.51. Ch'arged with the Murder of Five. Bristol, Va.-Benl Burchfield, ages 41 years, was arrested here, charged with the murder of five persons whose charred bodies were found in the ruins of a small frame building on West State street. The dead are: Mr. and Mrs. James W. Smith, both about 50 years old; their daughter, Ruby, two years old; Mrs. Ben Burch field, 39 years old, and her son, Char les Burchfield, aged 13 years. The crime was discovered when the fire department was called to the com bination residence and grocery store of Smith on State street. When the flames had been extinguished the charred bodies ofthe five were found in the ruins of the structure. They evidently had been beaten to death with an axe or some other heavy im plement and the house set afire to hide any trace of the crime. BNrchfield and his wife had been Sseparated, and he is said to have made threats against her. The police sav he came to them and said his wife was contemplating a divorce and he would rather see her dead than to have anyone else have her. British Embassy issues Statement. Washington.-The British embassy, taking formal notice of published re ports that the British gov'ernment was attempting to influence Congress or the American people regarding the administration shinping bill, issued a statement declaring no such attempt had taken place. "The embassy," said the statement, "denies emphatically that there is any truth in the allegation.'' A similar assurance is understood to have been given Secretary Hughes informally by Sir Auckland Geddes, the British ambassador. "Take DeValera," is irish Order. Dublin.-E'amon deValera may face a firing squad if he is apprehended by Free State Troops with arms in his possession. The order to "capture DeValera" went out as Free State patrols paced the streets, alert for an uprising to avenge Erskine Childers, executed a few days ago. The sporadic character of the rebel attacks to date indicates they have Ino leader. and have been disorgtnized by the arrests of many of their "strong men " We have just seen all this enacted before our eyes. With this sequence of events sfill fresh in memory, a business man is blind, indeed, who cannot foresee the pageant of return ing prosperity. Manufacturing activ ity has been resumed. The Northeast is well advanced on recovery. The South and to some extent the West are looking better as the Raw Ma terials Group begin to struggle to their feet. Car surplus has changed to car shortage,reflecting and meas uring the revival of the Transport ation Group. "But the final stage is still before us. We have yet to witness full re sumption among the great rank an.! file of retailers who constitute the final group of the Big Four, the Trad ing Group. "Therefore, I estimate that im provement is not yet general and that the best is yet to come, when all the Big Four Groups shall participate in prosperity. Those who apprehend that the bull movement in tie stock market is at an end, might well ques tion whether recovery can in any sense be complete with the enormous Distributing Group still to be heard from. "It is true, of course, that the stocks of the so-called trading corp orations show a substantial advance. This is partly because the stock mar ket discounts the successive steps in business revival. But a more import ant reason is that the trading corp - orrtions, so-called, with their im mense national ramifications tend to part company with the smaller indi vidual retailer and move more in har mony with the other groups. "If you are a retailer, don't get discouraged if your sales seem to lag behind general business. This i merely the working out of economic laws. Your turn will come-and he who laughs last sometimes laughs best. If you are an inventor, I sup - gest that the bull market, so far as the long swing is concerned, will not finally culminate until improvement is general. Improvement cannot be gen aral until shared by millions of big and little retailers in cities and crosz roads thruout the entire nation." General business is holding its re cent improvement. The index of the Babsonchart shows general activity about 3 percent below normal-the same as last week. TOWN PESTS 4 The Aggressive Bird who Packs a Chip on his Shoulder and Rollers Daily 'About his Rights should Ease Up on the Sassy Chin Musle and Let Folks alone. With his Aggravating Gab, it's No Wonder Folks hand him the Hot End of the Poker when they Gt a Chance. REGULAR ARMY REDUCED Prior to January 1st, 1923, sixteen hundred non-commissioned officers of the Regular Army will be reduced to the grade of Private. Many of these are men who have, through their own efforts and in years of service, reach e their present grades. After these many years of faithful service the National Defense Act of 1920 will, unless amended, reduce these non commissonedl officers to ranks held by them many years ago. A large percentage of those re :luced are now connected with the National Guard or acting as instrue tor in Reserve Officers training units ia high schools and colleges through out the United States. These men are entitled to thein present rank and are justly entitled to the increasedl pay of this rank. U'less the the N'ational Defense Act of 1920 is amended it will mean that these "0o(1 timers" will be reduced to the ranks. Of course this demotion will carry with it such a loss of pay and prestige as to make it impossible for many of them to continue on the work as now planned. It is understood that the Secretary. of War will request Congress to a mendl the National Defense Act. These men can only retain their rat ings by such legislation. Louis A . Craig, Staff. We Se< Ourselvi AS OTHERS SEE US. PROUD TO SAY THAT FROM THEIR KIND MANY PEOPLE HAVE A GOOD OPINION OF TH AND ITS MERCHADINS WE BELIEVE THAT GIVE US THE OPPORTU CAN WIN YOUR FAVO HAVE WON THAT OF WE KNOW WE CAN IF F QUALITIES AND FAIR ARE WHAT YOU APPR AS ALL GOODS ARE ( WE ARE STILL SELLIN( LOWEST PRICE, AND YOU THE BENEFIT MERCHANDISE BOUGHr LOWEST PRICES. THE SCOTCH WOOLEN MILLS ARE THE ONLY SINGLE-PRICE TAILORS IN AMERICA What! Only $25 YES SIR! THEY'RE ALL ONE PRICE For Service, Quality a J ALI WE DO ALL KIND PAIRING AT I The Chiaric A CAROLINA NEWSPAPER FOR CA AND Gives to its readers the worthwhile world, hot offthe wires, fairly an daccu spondents and the Associated Press, gi plemented by the Universal Service repoi - A paper produced by an organizatio: desires of Carolina people and seeks to sports, market news, social news, fraternm articles and features for the benefit and daily and Sunday comics. A few of the many features that make 'I CHARLOTTE OBSERVER the ideal newspaj of the Carolinas are: Editorials by able writers. The only complete Fraternal Order Secti published in the South. Weekly Articles by Frank H. Simonds, world's greatest authority on international PC tics.. Weekly Bible Talks by America's GreatA Commoner, William Jennings Bryan. Forward Observation Post-A weekly sto of the World War, by Cale Burgess. Weekly Book Reviews, by William Thornt Whitsett, President of Whitsett Institute. The History of the South's Famous Songs, Henry E. Harman. Potash and Perimutter, a weekly story Montague Glass. A dlepartment of Radio News, edited by t world's best authorities on the subject. The Woman's Page: a section containing ge eral household hints and recipes for the housewi: Subscription Rates By Mail Send Subscription to Circulation Dept., TI FAIRFIELD COUNTY NEWS TOLD BY CORRESPONDENTS (Continued from page one) a1 Spartanburg. Mrs. John D. Blair and Miss Helen Gue spent Monday in Winnsboro, Mr. and Mrs. J. S. J. Suber, Jr., and son, James and Mrs. W. B. May went to Newberry Saturday. W. B. May spent Monday in New berry. GREENBRIER CAnningham Peay who has been working in Darlington for several :nionths is spending a few days at home before he goes to Fort Mill to take up his new work. Mrs. Herry Jackson and children, of Great Fails, are visiting her par ents, Mr. and Mrs. E. F. McKeown. Mr. J. C. Lewis has returned home after spending some time in Wood ward and Blackstock with relatives. W. R. Smith spent several days in Augusta last week. Mr. and Mrs. L. D. Lyles and family spent Friday in Columbia. Prof. J. Ed Shealy spent the past week-end in White Rock with home folks. Mr. and Mrs. Roy Lewis and child ren of Woodward spent the past week end in our community with relatives. John Peay, of Pageland, is spend ing some time at home. Mr. Herman Glass who has been in Columbia at the hospital for sev eral weeks spent the past week-end at his home here. Miss Marie Beckham spent several days recently with her sister, Mrs. H. C. Brooks. On last Friday evening Mrs. Rufu3 Castles delightfully entertained the Young People of the community with a square dance. Quite a large crowd was there and a most enjoyable time was spent by all. Miss Ella Smith spent Friday in Columbia. I1 MPROVEMENT NOT YET GENERAL SAYS BABSON Wellesley Hills, December 2, 1922. Roger W. Babson today called atten tion to a very important fact in dis cussing the general industrial revi val. "Depressions hit the country very much like storms," says Mr. Babson, "and just as they affect different lo calities of the country in regular se quence they also affect the different divisions of our business world in dif ferent degrees and at diffdrent times. "The fact that a depressiou ordi narily starts in the Northeast works South and West, finishing its course in California, is clearly evident from a statistical study of the situation. If we look at the business world we find it dividing itself into four big~ divisions and we find that the busi ness depression traces its regular course thru this industrial fabric. "First, there is the Raw Materials Group, or iron and steel companies, coppers and oils, crop and live stock producers. Second there is the Trans portation Group, the railroads and steam ships. Third, there is the Man ufacturing Group with its automobile factories, textile mills and the other fabricators of finished products. Fourth,'and finally there is the Dis tribution Group headed by the whole sale houses, mail order firms, chain stores, and finishing with the multi tude of retail establishments. "Now what happens to these Big Four Groups when a business depres sion hits the country ? The first to suffer is the Manufacturing Group. This is partly the result of financial stringency. Take the recent depres sion, it appeared first among shoe factories, textile mills, and other fac tories. In a broad way these are con centrated in the Northeast section of the country, and it was exactly in thi. region that trouble first appeared. This was entirely characteristic. It is what happened also in earlier peri ods of business dlepression. Farsight ed executives foresaw long in ad vance, that this would be the first part of the country to weaken, be cause it is the home of the Manufac turing Group. "Then comes the next act in the drama of depression. As the logical result of curtailed manufacturing, -.e get a slump in the Raw Materia1N Group. When a shoe factory shuts (own, orders for leather shrink. When a textile mill closes, demand for cotton andl wool dies down. So the initial weakness in the Northeast spreads to the West and the South. The West and the South are the home of the Raw Materials Group. "As traffic in finished goods andl raw materials subsides, there is les sened activity for the Transportation Group. The railroads fall into line on the downward march. "The tragedy closes with the last act, namely, the downfall of the Dis tributing Group, numbering the great mass of retailers scattered thruout the entire country who are caught with high cost goods. The econom ic curtain falls on a land sunk in al-I WE ARK JUDGING WORDS .PRETTY [S STORE E. IF YOU NITY WE R AS WE OTHERS. ELIABLE VALUES ECIATE. rOING UP AT THE GIVING OF THE AT THE ANY TWO-PIECE SUIT MADE TO ORDER $25.00 ANY FULL SUIT OR OVERCOAT.........$29.50 More than 300 Scotch Woolen Mills samples to select from. Every fabric guaranteed all wool. Men's Overalls at . ..................... $1.25 W ork Shirts ............ ......................... .. ..... 75c C om forters .......................................................... ........$1.98 Scrap Bundles .................... .. .98c W indow Shades ................... . .................................... 60c 40-in. Table Oil Cloth, per yard .......................30c A rm y P ants ....................................................................... .75c Army Jackets ..... .... ....75c Socks, 2 pair for ....... .................25c A new and complete -line of Lion Brand Shirts and Collars. A full line of all leather Shoes at lowest prices. nd Low Prices, Come to S OF JEWELRY RE OWEST PRICES >tte Observer. ROLINA PEOPLE-CONSTRUCTIVE, CLEAN RE LABLE news of the Carolinas, the nation and the rat ely reported by its corps of special corre eat est news gathering agency in the world, sup t and Newspaper Enterprise Association. a that keeps constanly in mind the needs and give them just what they want in general news, l order news and views, and numerous special entertainment of the whole family, including 'HE One Minute Interviews, a page containing ex >e- pressions and exchanges of views of the subscrib-~ ers. ,Er Pithy Paragraphs, a page full of laughs and chuckles. Prizes are offered each day for the wit Otiest sayings submitted by the subscribers. the Society of the Carolinas, a section featuring i the social events of the two Carolinas. The most complete and detailed report of st Sports published in the State. A Colored Comic Section on Sunday and sev ry eral daily comic features, including the well known "Bringing Uip Father," by George McMan us. Fiction, Scientific Writings, and other fea sture articles. AChurch Directory, weekly Sunday school Special attention is called to the Made-in eCarolinas Section, the object of which is to en courage, advance, and promote 'the industrial, n- commercial, civic, and - social interests in the e. state of North and South Carolina. .i1Mo. 3 Mos 6 Mos. 1 Yr. Daily and Sunday....... .75 $2.23 $4.50 $9.00 Daily Only. ............ .65 $1.75 $3.50 $7.004 Sunday Only ....-.... .40 $1.00 $1.75 $3.50 IE CH AR LOTTE OBSERVER, Charlotte, N. C.