Edgefield advertiser. (Edgefield, S.C.) 1836-current, December 15, 1920, Page THREE, Image 3
' Income Returns to be Made
Soon. Rules are Explained.
Extensive plans for aiding taxpay
ers in filing their income tax returns
for the year 1920 are being made by.
the bureau of internal revenue. Rev
enue officers will visit every county
in the United States to assist in mak
ing out the forms. The date of their
. arrival and the location of their of
fices will be announced through the
press, or maybe obtained on inquiry
at offices of collectors of internal
revenue and branch offices. The ser
vices of government experts hereto
fore offered to eity residents will be
continued.
Forms of filing 1920 returns of
income will be sent by collectors to
persons who last year filed a return.
Failure to receive a form, however,
does not. relieve a person from his
obligation to file a return within the
time prescribed. Copies may be ob
tained from offices of collectors of
internal revenue, branch offices, post
offices and banks, and are 'expected
' to be available on or before Jan
uary 1. \
To Answer Questions.
Revenue officers assigned to the
work of assisting taxpayers also will
be supplied with forms, concerning
which, and the various items of in
come to be included, they will be
prepared to answer any and all ques
tions. It has been demonstrated, how-1
ever, that many questions may be
eliminated if the taxpeyer, before
seeking the assistance of ? revenue
officer, will carefully study the in
structions on the form.
. The period for filing returns 'is
from January 1 to March 15, 1921.
The tax, this year as last, may be
paid in full at the time of filing the
return or in four installments, the
first of which is due on or before
March 15, the second on or before
June 15, the third on or before Sep
tember 15 and the fourth on or be
fore December 15. The first install
ment must accompany the filing of
the return.
Persons whose individual net in
come for 1920 was $5,000 and less
should ask for Form 1040 A. Those
whose individual net income was in
excess of $5,000 should ask for Form
1040.
The bureau of internal revenue is j
urging taxpayers not to delay in the
filing of then* returns. Merchants
and business men are casting up their
accounts with the calendar year
1920. With the facts and figures ne
cessary to make a correct return
fresh in their minds, the making out,
of a form soon after January 1 will
be an easier task, the bureau points
out, than if delayed.
Same as 1919.
The requirements of the revenue
act relating to returns for the year j
1920 are the same as those for the
year 1919. Every single person whose
net income for 1920 was $1,000 or
more and every married person
whose net income was $2,000 or more
must file a return. The exemptions
are $1,000 for single persons and j
heads of families, plus an additional [
$200 for each person dependent upon
the taxpayer for chief support if such
person is under 18 years .of age or
incapable of self support. A single
person may claim an exemption of
$2,000 as the head of a family if he
is the sole support of one or more
relatives living in the same house
with him and if he exercises control
over household affairs. Deduction's
from gross income to which the tax
payer is entitled in arriving at net j
income are fully explained in the in
structions on the forms.
The bureau is emphasizing this
year that the requirements to file a
return rests solely upon a person's
marital status and the amount of his
or her net income for the year 1920.
Single persons whose net income was
$1,000 or more and married persons
whose net income was $2,000 or
more must file a return regardless of
whether their incomes are non-tax
able by reason of their exemptions.
The normal tax rate for 1920 is
4 per cent, on the first $4,000 of net \
income above the exemption, and 8
per cent, on the remaining net in-1
come. The surtax rate, which is com
puted without the benefit of the ex
emption, ranges from 1 per cent, on
the amount of net income between
$5,000 and $6,000 to 65 per cent, on
the amount of net income in excess
of $1,000,000.
For the information of taxpayers
in filing their returns, there has been
prepared by the bureau of internal
revenue a series of short articles on
the income tax laws and 1920 regula
tions, the first of which will appear
on January 3. Errors heretofore
made have been noted, and the tax
payer is told how this year they may
be avoided.-The State.
Mrs. Bullock Recommends Cham
berlain's Cough Remedy.
"Last winter when my children
were sick with colds and were cough- j
ing a good deal I gave them Cham-1
berlain's Cough Remedy" writes Mrs.
C. M. Bullock, Gorham, N. Y. "It re-1
lieved them at once and under this |
treatment all symptoms of the cold
.gradually disappeared. My experience
with this medicine warrants my rec-j
ommending it to others."
Notice of Final Discharge.
TO ALL WHOM THESE PRESENTS
MAY CONCERN:
Where, Patsey Mosely (now Bus
.sey) has made application unto this
Court for Final Discharge as Ad-j
ministrator in re the Estate of Hen
ry Moseley, late of said county and
.State deceased, on this the 3rd day]
of December, 1920.
These Are Therefore, to cite any
and all kindred, creditors, or parties
interested to show cause before me at
my office at Edgefield Court House,
South Carolina, on the 6th day of
January, 1921 at ll o'clock a. m.,
why said order of Discharge should
not be granted.
W. T. KINNAIRD,
J. P. C., E. C., S. C.
Dec. 3rd, 1920.
Meeting of Cotton Association
in Columbia.
Columbia, Dec. 13.-Expressions
of optimism for the future of the
cotton industry in the South and ur
gent appeals for the farmers to have
faith in the banking and economic
strength of the country with co
operation by acreage reduction on
their own part were heard and of
ficers reelected at the annual meet
ing of the South Carolina division
of the American Cotton association
at Craven hall yesterday. Governor
Cooper and Walter B. Brown, editor
of the New York Commercial, were
the principal speakers.
Present conditions were brought
out and the belief that they would be
gin to improve with the coming of
the new year were expressed by both
speakers. Things are now at the bot
tom in textile industries but can not
continue to stay there as the mate
rial will be needed in the near future
was the sentiment of the meeting.
Officers were reelected for the com
ing year and a resolution asking J
Skottowe Wann?maker to reconsider
his intention to resign as president of
the American Cotton association was
unanimously adopted with other res
olutions and? reports of committee
In a short address Mr. Wannamaker
said that he appreciated the honor
but did not say what his action would
be.
With the resolution to reduce cot
ton acreage one-half and proportion
ately increase foodstuffs went a sup
plemehtary paper for farmers to ac
cept tenants rents half in cotton and
half in other products such as wheat
and corn.
Conditions at Bottom.
\W. B. Brown, editor of the New
York Commercial, wade the leading
address of the occasion. He heartily
indorsed the export corporation, and
said the sentiment in the North was
one of sympathy with this movement
At the outset of his speech he told of
the present let down in the demand
for cotton which he explained by the
fact that the consumer has gone on
strike and the entire textil? industry
has let up. Cotton has gone too low
and has reached the nearest possible
proximity to a dead standstill, he
said. H esaid consumers would soon
have to be buying and early next year
cotton would be needed for the con
sumer and fall apparel and the price
would have to ascend anew.
Governor Cooper urged the farmer
to have -a spirit of optimism in ad
verse conditions and faith in the
economic strength of the country, as
other places are in much worse straits
than the South and are still optimis
tic.
Adopt Resolutions.
Resolutions were adopted author
izing the president to obtain a con
ference with Governor Cooper and
urge him to declare a "Cotton Acre
age Reduction Day" for the first
Monday in January; requesting the
president to telegraph each member
of the senate and house committee
on agriculture urging federal legis
lation, including revival of the war
finance corporation preferential in
terest rates on agricultural , paper by
federal reserve banks as it granted
commercial paper, renewal of loans
on farm paper rediscount of house
receipts, use of the alien war agri
cultural paper and that the commit
teemen use their best efforts for the
revival of industry; appreciation of
the services of Charles H. Barron,
and B. F. McLeod; indorsement of
the cooperative marketing associa
tions; to request the general assem
bly to pass laws which will be pre
sented in proper form providing for
amendments to the state warehouse
act, giving to the state warehouse
bo&rcf power to negotiate loans, to
give occupation to the state ware
house board to organization and op
eration of emergency cotton bond
ing companies; adoption of national
cotton standard grades, and to cre
ate and simplify local cooperative
marketing associations; the appoint
ment of delegates to the next annual
meeting of the national association in
Dalias, Texas, February, and the in
dorsement of emergency cotton bond
ing companies.
To Make Survey of "Jobless"
Men.
Washington, Dec. 10.-An inquiry
to determine the extent of unemploy
ment in 65 principal industrial cities
of the country was announced today
by the department of labor. Decision
to this effect was made public after
Secretary Wilson had conferred with
nine regional directors who have
been appointed to conduct a survey
of conditions, in operation with the
present field force of the United
States employment service and with
other state and federal agencies.
The industrial classification of the
census bureau will be utilized in
making the survey, which will take
into consideration only industrial
concerns with a minimum of 500 em
ployees. The first results are expected
to be ready for announcement by
January 15, and it is the intention
subquetatly to issue employment
statistics biweekly.
Officials' would make no estimate
today of the country's idle workers,
although they expressed the opinion
that the trend toward unemployment
on a large scale had been marked du
ring the last few months. Recently, it
was said, the employment service had
been placing from 45,000 to 50,000
persons in positions every month.
The regional directors and their
divisions for the purposes of the sur
vey include: R. Izard, South Atlantic
district headquarters, Richmond
states of Deleware, Maryland, Vir
ginia, I North Carolina, South Caro
lina, Georgia, Florida and the Dis
trict of Columbia.
Only One "BROMO QUININE"
To get the genuine, call for full name, LAXA
TI v E BROMO QUININE- Look for signature of
fi. w. GROVE. Cures a Cold in One Day. Stop?
conga sud headache, and works off cold. 25c
TWO REW SECURITIES ^
|. ISSUED NEXT YEAR BY
P?i 1). S. TREASURY
Will Complete Line of. Government
Savings Securities and Place Sav
ings Movement on Peace Basis?
- /
Completing the Hne of government
savings securities and \placing ' the
treasury savings movement on a solid
peace-time basis, two new treasury
savings securities will be issued dur,
lng the coming year, says a recent an
?ouncement from Secretary Houston
The new Issues will be a $1 Treasury
Savings Stamp and a $25 Treasury
Savings Certificate.. The $1 stamp,
whioh will be non-interest bearing, is
to be bright red in color and to bear
tho portrait of Alexander Hamilton,
first Secretary of th? Treasury. The
$25 certificate will be similar in de
sign and terms to the $100 and S1.00C
Treasury Savings Certificates which
will also be offered in 1921, to mature
January 1, 1926.
The new securities will supply a SJ
unit for saving, and a registered gov
ernment security in the $25 denomina
tion which can be conveniently pur
chased through the accumulation of
the $1 stamps. The small denomina
tion war-time securities-the $5 War
Savings Stamp, in a 1921 series, and
the 25 cent Thrift Stamp-will also be
offered during the coming year, as will
the registered Treasury Savings Cer
tificates in $100 and $1,000 denomina
tions.
Demand Continues Strong.
Notwithstanding the reaction since
the armistice from habits of saving,
Secretary Houston sadd that the de
mand for savings securities has con
tinued strong in many parts of the
country, and that' he believed that as
the security markets become more set
tled treasury savings securities bear?
lng interest at 4 per cent, compounded
quarterly, exempt from rtaie and local
taxes and from the normal federal in
come tax, and redeemable substantial
ly on demand, should prove increasing
ly attractive, particularly to the mul
titude of small investors.
With these considerations in mind,
the Treasury is committed to the con?,
tinued sale of government savings se
curities, and feels that as time goes
on sales of savings securities over the
counter, at post offices and banks
throughout the country, should play
an increasingly important part in the
current financing of the government.
To this end, the Treasury is also
committed to the continuance of the
work of the Savings Division, in Wash
ington and in the several federal re
serve districts. This organization en?
deavors to promote the purchase of ,
government savings securities; it de
velops and protects the secondary mar
ket for Liberty Bonds and Victory \
Notes and other war issues of govern
ment securities. It also unites the ef
forts of all helpful agencies and move- i
ments, financial, industrial, educa- ]
tional, commercial and social, in a i
broad savings campaign to make per- (
manent the habits of saving and in- ?
vestment in United States Government
securities. Its work along these lines .
will be intensified in 1921, the savings
organization for this district, with <
headquarters in Richmond, Va., direct- t
lng activities in Maryland, the District -,
of Columbia, Virginia, West Virginia, j
North and South Carolina.
Organizations Co-operating.
Requests that the savings work be
continued and offers of active co-op
eration in the movement have been |
received from national organizations
Including the American Federation of
Labor, nearly every fraternal organiza
tion of prominence in the United
States, and presidents of women's or
ganizations. The work of the Savings
Division has also been splendidly suc
cessful in the schools.
In response to the demand, the Sav
ings Division will intensify during 1921
Its campaign to spread broadcast the
essential facts relative to wise saving
and spending and investment, and the
continued development of new capital.
The savings securities to be offered
have also been shaped to meet these
needs. The $1 Treasury Savings Stamp
and the $25 Treasury Savings Certifi
cate come as a result of work carried
on in the great industrial plants of the
country. This campaign demonstrated
that workers like a $1 unit for saving
and that they are seeking an invest
ment security of the $25 denomination
The 25. cent Thrift Stamp and the $5
War Savings Stamp, which have
gained a strong foothold in the
schools bf the nation, will be con
tinued during 1921 in order that ?very
American youth may have the oppor
tunity to become ah active partner in
the business of his government
The 1921 War Savings Stamp of $5
maturity value will be larger in size
than the 1920 Issue, will be orange in
color, and will bear the portrait o?
Lincoln. The 25 cent Thrift Stamp
will be unchanged.
Ask your employer or banker to sell
you Liberty Bonds on installments,
and take advantage of the opportunity
presented by present market prices.
Or save up until you have enough tc
buy a $50 bond. War Savings Stamps
will help you save.
You can't lose the handsome profits
due you if you buy Liberty Bonds at
present market prices and keep them
utfl is purity. The wealth and credit
ot the nation are pledged to their ro?
donation ai par._ H_0
Every Department
Well Stocked
We are ready to supply the needs of the people at very reasonable prices. Every
department of our store is filled with well selected merchandise.
FURNITURE
Our furniture department, on the second floor, should attract those who need new
furniture for their home. We have OAK SUITS, WARDROBES, CHIFFO
ROBES, SIDEBOARDS, HATRACKS, ROCKING CHAIRS, DINING
CHAIRS, DINING TABLES, CENTRE TABLES.. A large assortment to se
lect from at very attractive prices.
RUGS AND ART SQUARES
We are showing an especially attractive assortment of Rugs and Art Squares,
all sizes and weaves, in beautiful designs. We invite the ladies especially to see them.
STOVES AND HEATERS
We have a very large stock of Stoves, Ranges and Heaters; also, all sizes or
grates. Our prices on these are very attractive.
Beautiful line of BRASS and ENAMELED BEDS. Just the thing that you possi
bly have been expecting to buy this fall. Come in and let us show you.
Large stock of TRUNKS, SUIT CASES and TRAVELING BAGS, from the cheap
est to the best.
LAP ROPES, SADDLES AND HARNESS
We invite those in need of Lap Robes, Saddles and Harness to see us before buy
ing. We can make a close price on these goods.
WAGONS AND BUGGIES
If you need a farm wagon or buggy, come to see us before buying. We sell ve
hicle^ that have stood the test of Edgefield roads for years, and feel confident that we
can please you both in quality and price.
Edgefield Mercantile Company
Notice of Final Discharge.
To All Whom These Presents May
Concern :
Wheras, Andrew C. Yonce has
nade application unto this Court for
J'inal Discharge as Administrator in
:e the estate of C. K. Johnson de
ceased, on this the 7th day of D?cern
er, 1920.
These Are Therefore, to cite any
md all kindred, creditors, or parties
nterested to show cause before me
it my office at Edgefield Court House
South Carolina, on the 7th day of
Tanuary, 1921, at ll o'clock a. m.,
why said order of discharge should
lot be granted.
W. T. KINNAIRD,
J. P. C., E. C., S. C,
December 7, 1920.
YOU TAKE NO CHANGES!
Raizors are
Guaranteed for Life
For ??ale by
EDGEFIELD MERCANTILE COMPANY
EDGEFIELD
FRUIT STORE
Ready fop Christmas
1920
The annual festive season is almost here and we have made
large purchases in order to supply the wants of the Edge
field people. Our stock is now large and we have large ship
ments coming in by express every day, so as to keep every
thing fresh.
WE ARE HEADQUARTERS FOR
Nuts, Raisins, Plain and Fancy Candy, Apples, Oranges
Grape Fruit, Bananas, Malaga Grapes, Figs and Dates
Celery, Cranberries, Cigars and Tobaccos
WE BUY IN LARGE QUANTITIES AND CAN MAKE
CLOSE PRICES. IT MATTERS NOT WHAT YOU WANT
FOR YOUR CHRISTMAS TABLE WE WILL HAVE IT.
Begin your shopping early. We will appreciate a share of
your holiday business. We are in a better position to serve |
you than ever before.
p
Edgefield Fruit Company
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