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B FRIDAY, FUUKUAKX 27, i?zu. Planters I | Contest for Tu II Today ar I Read the conditions oi I The papers will be numl I jj tie the paper received at Ill ?;! I 1. To the bona fide pupil c grades, or the graded school, o j-v' name?" LANTERS BANK"? | in gold to the high school pupil E either the graded school or the I 2. Webster's Unabridged E this Dictionary, it will count. E ten in ink or on typewriter on ( 1 E 3. By high school pupil is i I 4. Each contestant in orde this bank. One Dollar Will Of ??' I 5. The- decision of the jud will hp final. ;w I Remember the dates < gin work on the contest, start working yourself, |> H Interest at four per cenl ^ '''* B ss 9 == > J. S. STARK, President. p ; 8?' l if; r?. f iiiilMiMllliilllliillll Year Passes And j fhri> She Now Is Sure! ^ '* ! T Declares Time Convinced -Her Tan- | J lac's Aid is Lasting?"Is Fine Medicine" ? ; Southern t j.- ! ers to A year has passed since I first J took Tanlac, and now I can say with I confidence that Tanlac certainly is a ^gp fine medicine, for I know what it Nashvil will do. I am glad to give this state- Episcopal ment in endorsement of Tanlac," tinction o said Mr.:. Ellie C. Davis, of Drayton, S. C., a suburb of Spartanburg. "I under th took Teniae for stomach trouble of a lenby. bad and painful form, and I also The Cen ! T j Of the Chi suiierea anacKs 01 apaeiiuitius. i Atkins an was very weak, and overwork had al-, aiready d most broken down my health. i the Holy ] "The Tanlac stopped the indiges- by five ra TheSe \ tion, though ,and soon I was not tiong ^ troubled any more with appendicitis. dist 'cust( Those pains left my side, too. The country' d medicine gave me back my appetite, Christian strengthened my nerves and restored This li , , , , ,, the native me to health and strength. through a Press in 1 Under 1 movement GRIP HAS FLU. but under dom of r Crip, the high school janitor, al- Southern ways tries to keep up with the boys of a VS-?L in their mischief and otherwise, so! i uoiy J^ani it became accessary "or him to main-| tain his reputation as a Nonpareil,! Billy ai which he promptly did Friday by' funeral 01 taking unto himself a genuine case of! R. Banks, influenza. His smile and "hop" are sympathy missed afcout the building this week, tended tV but we look for him back Monday, Prpf. Bar probably a little worse for the wear teachers but still in the ring. of boys j Uncle T??URie is substituting for his instru / Bank Gives ipils. of the C: jo Capital Prize* ol id Ends March 15t F the Contest given in this ac bered as received at the Pla the Bank first will receive tl RULES OF THE CON f the white schools of Abbeville en r the Mill school who makes the gre? -will receive $5.00 in gold. Two [ submitting the greatest number of i Mill school submitting the greatesl )ictionary will be the authority consi No misspelled word will be counte J ~ nnrl + WftPflc arPflJlffP )Ilt5 blUC UlllJj anu i/iiv/ ?? v* v..v ? 0_ meant any pupil enrolled in grades e r to be awarded a prize must have e >en Either Kind of Account, ges. Major Fulp, Prof. Daniel, Miss jf the contest and the condil If you put your money in ou both you and your money w . : is paid on all Savings depoi / t lanters B 5 THE PROGRESSIVE B ?tians Invade 'L* U*L, t I fill 11 f .ma BR at ! miMtmmiMiiMiuiiMunuitMiiiii?iaiia? Hi. A-B . iH Methodists Send First Work-jfjj Fire i Palestine for Bible and ^ || terature Distribution. ecial Correspondence) Ie, Tenn. ? The Methodisl || Chprch, South, has the dis- if if being the first Christian jf lion to send workers to Pales- ff iNeiA the free regime inaugurated I If M_w 13 e occupancy of General Al-j{I tenary European Commission jfj Geo irch. headed by Bishop James | h ? ^ d Dr. W. B. Beauchamp, havs|!| DUS, Gi ispatched five colporteurs to if! L.and. These will be followed II RKoi ore in the next few weeks. II workers will establish no sta- || ddice will follow the early Metho- if , ' sin of itinerating over the jl *-? istributing Bibles, tracts and }} * Of literature. jl| terature will be printed inj|| i dialects-, and will be secured || COITlDd n arrangement with the XUt II " Sgypt. |f p || the rule of the Turk such i If t would have been prohibited |! arl? Allenby there is perefct free \\ *ne eligions. The action of thi f| offer Methodists is the beginning i 11 scheme of missionary activ-.fi i will be carried on in thi II a. tid Allen Long attended the'lj f their grandfather, Prof. A. j|| at Fort Mill this week. Thejf of the student body is ex-j || tem in their bereavement, jjj iks was one of the eminent^ j of the state and thousands nuutmiuiuimuiiunuiui jMHKwmwimmiiniinmiimimifTTii' ind girls have profited by ction, particularly in mathe Away Gold itv Schools ?J f Gold Money Begins h at 4'00 p. m. Ivertisement and enter at once, nters Bank, and in the case of a tie prize. TEST: rolled in any one of the high school itest number of complete words from the >rizes will be awarded: the first of $5.00 words and $5.00 in gold to the pupil of t number of words. alted for each unusual word. If it is in d. Large size paper must be used, writd in columns the long way of the paper, light to eleven. sither a checking or a savings account with ' . /"Mr V - ' * es May Robertson, and Ella Mae Tribble dons. Open the account and ber Savings department before you rill be working at the same time, sits. lank OTTO BRISTOW, Cashier. ~ ANK. IlllM ?? 1 A m Tornado Autc W. D. WILKINSON Insurance r Brunswick Fire Insurance Co., Irunswick, N. J. rgia Home Insurance Co., ColumEl. de Island Fire Insurance Co., ProviR. I. those who desire safe protection at a able rate insurance in the above nies cannot be surpassed. on me and let me explain to you vantages of the protection I have to - 0 - ? m I W.D. WILKINSON, Agent. > tiiiiHiuuiiiuiiiiuimiiMiuituiiiiiiiniHniiniiiiiiiiiiHniiiHiiitniiitmiiniuiiiiiiiiiitMiiiiiHiiuiiiiiiiiitiMiiiiiiiiiiiuiiiiiiiiiiMiiiiiiiiiiiitiHUtiiiiiiiiiiiiiiiiiii - I1 U. S. INCOME TAX | EXEMPTS NOBODY Jp! Every Person Who Had Income Hi in 1919 Must Determine Own Liability. ' MARCH 15 LAST FILING DATE. g|? I Surest Way Is to Follow Form 1040A. Ill i Free Advice in Doubtful Cases. , Severe Penalties in Law. gg i Nobody Is exempt from Income Tax. jj| An obligation is laid directly on the jggi shoulders of each citizen and resident 5= i to consider his own case and to get his H return in on time if one is due. jgj With each return showing a tax due ?H a payment must accompany the return in the full amount o? the tax or at least one-quarter of the tax. HI All returns for 1919 must oe filed on g| j or before March 15. sss i cm..... t.... ir:?. muoi gnuw iiuc nyuico, gj! In figuring up his earnings for in U j come tax purposes a person must takf = j into consideration all items of taxablt pSg' income, and each Item itself must b( ijg j accurate in aqjount. Guesses and es m\timates must be avoided, for the re II turn is made under oath. | Everybody who had an income dur ==> | ing 1919 must now determine whethei Hj his or her net income was sufficient ir |H} i amount to require an Income Tax re 1H1 turn. The best way to find out is t( ?E j get a Form 1040A and follow the in jjlj I structions printed on it. That fonr HI I will serve as a reminder of every iterr jjl j of income; and if a return is due, il gjj j tells how to prepare and file it. ||g! One of the important points to kee[ WM; in mind is that a person's net incomt Sl? is found by a computation prescribec [jj in the law, and that each item of in ??j come from every source must be con H| sidered, unless specifically exempted. HI; Another thing to remember is thai H | the personal exemption allowed tax jig! payers by law has no relation whatevei IB to the requirement to file return. This Hi' exemption is not to be considered unti i|| a person has figured out his net in JJgi come and determined whether it wa; {j? sufficient to require him to file a re iH | turn. Then, if a return must be filed im he should read carefully the instruc 23 j tlons for claiming exemption, and com ?y plete his return. jjp If in doubt on any point as to incom< flj1 or deductions, a person 1 may secun Q! free advice and aid from the neares gg? Internal Revenue office. Many bank! m and trust companies are also furnish ??|jlng similar service during bankinj i hours. Heavy Penalties in Law, Sp i For failing to make a return on tim< fygj the penalty is a fine of not more thai ?j|j $1,000 and an addition of 25 per cen mi to the tax, if any. For making a fals< IE or fraudulent return the penalty is i ^ fine of not more than $10,000 or im 3Pj prisonment not exceeding one year, o 111 both; and, in addition, 50 per cent o <sii the tax. There are other penalties fo Hi failing to pay tax when due and fo S' understatement of the tax througl |j| negligence. Many Sources of Income. S! Aside from what one may earn b; ?H his services, there are many othe m sources of income. If he sold an; HI property during 1919 he must figur HI out the gain realized. If he rente* buildings, land, apartments or room lllk^' such rents must be considered taxa able, and he may claim deductions fo necessary expenses incidental to rents Bank interest is a common sourc tsBa3L:< | of income and is taxable whether with drawn or not. Any amount of interes I credited to a depositor is income t< iiiiumiiiimir = , - - ,. I? the depositor. { Interest on mortgages and, notes i |{ taxable; also bond interest receive* |i| from corporations. jf| A taxpayer who cashed his insur ||j ance during 1919 must report as in If! come any excess received over the to |fl tal of premiums paid. |{! Members of partnerships or persona }{j sen-ice corporations or beneficiaries o It; an estate or trust must report thei: ( II! shares of income distributable to then ||| whether or not actually withdrawn. ||j Dividends of domestic corporation; if; must be reported. Many other form: II of income are taxable, unless specific || ally exempted. 11 INCOME TAX IS DUE MARCH IS !! || Penalties for Delay and Failure ' I|| to Make Returns?Early Compliance Urged. 11 All income tax returns covering the ^ ill vear 1919 must be tiled bv Mondav. |f| March 15. Each taxable return must [l be accompanied by check or money oriI der for the full amount or at least onef! quarter of the amount of tax due. i|! Cash payments are accepted only at If the collector's main office; if sent by If mail, thev are at the sender's risk. If Residents of South Carolina should || file their returns with, and make payi! ments of Income Tax to, Duncan C. ff Hey ward. Collector of Internal Itevll Pnlumhln. II Those wlio must file returns but || have not done so are warned that the }I revenue law imposes heavy penalties " for failure to set returns in on time or wmmmm. tQ inake payments on time. i Early tiling and early payments are I urged, !r. order to relieve the Internal revenue offices as much as possible of an overload on the final day, March 15. FARMER'S INCOME ! SUBJECT TO TAX I Gains for 1919 Must Be Figured Under U. S. Law?Returns Due March 15. LAND SALE PROFITS TAXABLE. I r | Necessary Farm Expenses May Be Deducted?Special Form for Farm Income?Cash or Accrual Basis for Computing. i i A farmer, shopkeeper, or tradesman |, must figure up his net income for 1919; ' and if the farm or business income 1 j plus his other income was sufficient to | require an income tax return a com! | plete return must be filed with the col': lector of internal revenue by March 15. ' | A farmer should ascertain the gross income of his farm by computing all 1 gains derived from the sale or exj change of his products, whether produced on the farm or purchased yid ' resold. Farm Expenses. [ j From his gross income a farmer is | allowed to charge off all of his neces. sary expenses in the conduct of the : farm during the year. These include - ( costs of planting, cultivating, harvest ing and mai'fceting. In addition to ? . these costs he may deduct money spent for ordinary farm tools of short life ), bought during the year, such as shov. els, rakes, etc. Also, the cost of feed ( 1 purchased for his live stock may be y treated as an expense in so far as this ? L.?< ^ K?* cost repreaeuus ucmui uuuu.>, um ) value of his own products fed to anli raals is not a deductible item. 1! Other farm expenses allowable are " the cost of minor repairs on buildings "' (but not the dwelling house), on fences, t wagons and farm machinery; also bills _1 paid for horseshoeing, stock powders, r rock salt, services of veterinary, insur3 ance (except on dwelling house), gaso1 line for operating power and sundry . other expenses which were paid for In 3 cash. - J As to hired help, ali the productive , labor is a deductible expense; but the - wages of household servants, or help - hired to improve the farm, as in tree planting, ditching, etc., cannot be ? claimed against earnings. A fanner is i not allowed to claim a salary for himt self or members of his family who ' 3 work on the farm. . Wear and Tear. ? , Purchase of farm machinery, wagons, work animals, etc., also the cost of construction or extension of build-' ings, silos, fencing, etc., should be conI sidered additional investments In the t farm and are not proper deductions - against income. II A reasonable allowance may be " i claimed for wear and tear on farm r buildings (except the farmhouse), ' fences, machinery, work animals, wagr ons, tanks, windmills and other farm r equipment which is used in the con1 duct of the farm. ^ ! As to autos and tractors, the cost of these is not Tin expense, although the <r cost of their upkeep is an aHowable r deduction, if the machines are used exr clusively for farm purposes and not b for pleasure. Also, in such cases, a de1 duction for wear and. tear is allowed. s i Farm Losses. ^ *' The loss of a'growing crop is not a r proper deduction from income, inas'* much as the value of the crop had not e been taken into gross income. The "! loss or a building or of machinery ''through storm, lightning, flood, etc., is a 1 an allowable deduction, but care should j be used to ascertain the correct loss sustained, as restricted by income tax . regulations. ! No deduction !s allowed in the case *, of loss of animals raised on the farm, * j but a loss is deductible from gross in" | come if the animals had been purj chased for draft or breeding purposes. | j Shrinkage in weight or value o? farm ' f! products held for favorable market r prices cannot lie deducted as a loss, for I the reason that when such products are sold the shrinkage will be reflected ' 3 in the selling price. Sale of Farms and Land, The value of agricultural lands has I been jumping during the past few] i years, and during 1919 many owners] i $old out part or all of their lands at] 1 big profits. All such gains constitute II income and must be taken into the net |' income for the year. Any person who sold part of a farm or ranch, or part of a parcel of land,1 , must also show any gains realized by i the sale. The method of figuring gains and j losses on such transactions is prescribed in the Income Tax regulations, ' copies of which may be secured from I Internal Revenue Collectors. Forms for Returns. i The Internal llevemie Bureau lias I issued an improved Form 1040F for . the use of farmers. This form, to! gether with Form 1040A or 1010, will | give the farmer explicit information i as to how to properly figure his net ; income for 1919. j There are two methods of figuring a i farmer's income tax return this year. : He may make his return on the basis j of the difference between the money i ami goous raruen ior 111s products anil the cash paid out for actual allowable farm expenses within the year. Or lie may make his return on the accrual basis, wliirh moans conpuiing the receipts and expenses that pertain to the tr.xable year, excluding iucoiue earned and expenses incurred in pre* vlous or succeeding years. _ . tmrmiiii m i mm