Historical Newspapers of South Carolina

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CONFUSION REIGNS OVER INCOME TAY Wall Street Doeg not Know how to Construe (lie Meaning of Different ? Art kles. New York, Oct. 31.?That part or New York whicll is referred to vaKitely as "Wall street" was in a state of confusion today. For once in Its career Wall street did not know which way to turn. The new Income tax law becomes effective to morrow and soaie of the highest! priced lawyers bankers and corpora tion officials were completely at sea as to its meanings At 7 O'clock tonight a group of men emerged from one of tin- largest banks In the downtown dlstrh t. In the group were the preshh . ? and vice presidents of the hank They had just concluded tho bist of se ries of lengthy conferences which have been held every cvoiling this week alter business hours. The sub ject of all these conferences was tho Income tux law, "We're swimming in mud," said One Of these officers expressively. "For a day or two I thought I was coming to know what was meant by the Income tax law, and the treasury regulations concerning it, but now I'm convinced that I hardly know anything aboul them, and imy fellow Officials know less." Chief Source of Trouble. The chief source of trouble is that portion of the law which provides for tho collection "at tho source'" of tho tax on Incomes derived from interest on bonds, mortgages and certain other obligations. Hanks and corpor ation are roqulrod to wlthold this tax in making payments of interest due to holders Of securities. .More than $80,000,000 is due tomorrow In Nov ember interest payments in New York. The ruling in question has given rise to endless confusion. In cases In which bonds are not registered, tho names of their owners often are not known to tho hanks or liscal agents to whom coupons are present ed for payment. Certain exemptions are allowed under the law. Six classes of ex emptions have boon defined. Evory lawyer and hank olflcinl in New York has had life made a burden by clients who wish to know which of the six founts of exemption apply to their particular cases. There are no prece dents to apply. For the last two weoks Wall street hag been flooded with booklets, diagrams, charts and pamphlets purporting to summarize and clarify tho law. Newspapers have printed many columns of Interviews with lawyers and bankers. Some iKiuks have Bent out printed Instruc tions to all their clients regarding the procedure for claiming exemp tion. The result of tills deluge has been to leave the average Investor more confused than ever. Appeals to lawyers avail naught, as the lawyers themselves are in doubt. Wires Kept Busy. The wires to Washington have been kept busy the last fortnight with ap peals to tho internal revenue depart ment for help. Last Saturday a ?et of Instructions was Issued. On Mon day It was said the regulations would he changed. Oil Tuesday it. was said there would be no (banges. Since thotl there li:ts been no further light. Tonight there was a deep-seated sus picion in the quarters affected that Washington was nearly as much in the dark regarding the new law as was Wall street itself. It is practically a foregone con clusion that payment of a large part of the $80,000,000 interest due tomor row will he deferred, pend'llg solu-j tton of the riddle. Whatever the outcome, it is pre-1 dieted that many suits will he insti tuted against the government to test the law. Some, Of the leading insur ance companies have questioned that feature of the law which imposes a tax on corporate holde: s of state or municipal bonds exempting individual holders. The provlsolns of the law requir ing employers to withold the tax on salary employes receiveing more than the exempt amount, and In respect to the tax on rents to be witheld by ten ants, also will take offcel tomorrow, hut they present few immediate prob lems. Additional regulations cover ing these features of the law are open soon to he issued by the treasury de partment. A Xlglll of Terror. Fow nights are more terrible than that of a mother looking on her child Choking and gasping for breath dur ing an attack of croup, and nothing in the ItOUSO to relieve It. Many moth ers have passed nights of terror In this situation. \A /little forethought will enable you to ovoid all this. Cham berlain's Cough -Remedy is a certain euro for croup and has never been known to fail. Keep it at hand. For sale by all dealers. ? * MOUNT OLIVE. * Alt. Olive, Nov. 3.?Married here, at the home of the Rev. J, O. Martin, the officiating minister, last Sunday, Miss Lizzie Reeks to Mr. Homer Halentlne. The bride is the charming daughter of Mr. Jno. \V. Reeks, of Hrcwerton. The groom is formerly of the same section, but Is now residing in Augus ta, Oa. They left Tuesday for Au gusta where they will make their fu ture home. We extend to'them our heartiest congratulations. IDr. S\ A. Boland of Statam, Oa., is visiting relatives here. Miss Sula Mae Holt left Sunday for ifJonosteo, where siic has accepted o position teaching. Messrs QeorgO Cooper and .Jfrm Mil ler attended the state fair at Columbia last week. Mrs. Lizzie Washington returned home from Laurens Thursday, after spending several days there with friends and relatives. Dr. Jno. M. Moore of Texas who has been visiting in this county for several months, spent several days with rela tives in this vicinity last week. School opened here today with Dr. J. 0. Mai tin as teacher. TAKES OFF DANDRUFF HAIR STOPS FALLING Girls! Try This! Makes Hair Thick, Glossy, Fluffy, Beautiful No Men' Itching Scalp. Within ten minutes after an appli cation of Danderine you cannot find a single trace of dandruff or falling hair and your scalp will not itch, but what will please yon most will be after a few week's use. when you see new hair, fine and downy at first?yes? but really new hair?growing all over the scalp. A little Danderine Immediately dou bles the beauty of yqrtr hair. No dif ference how dull, faded, brittle and scraggy, just unoisien a cloth with Danderine and yCarefully draw it through your\ha/r. taking one small strand at a tinh/ The effect is amaz ing?your hair will be light. Huffy and wavy, and have an appearance of abundance; an incomparable lustre, iloftness und luxuriance. Gel a 25 cent bottle of Knowlton's Danderine from any drug store or toilet counter, and prove that your hair is as pretty and soft as any? that it has been neglected or injured by careless treatment?-that's ?II? you surely can have beautiful hair and lots of it if you will just try a lit tle Danderine. J. C. BURNS & COMPANY'S -( BIG NOVEMBER ) CLOTHING SALE NOW GOING ON Special Values Now in Men's and Boys' Suits and Overcoats. Men's Suits going now $3.98, $4.75, $6.89 on up to $12.50. The above suits are worth $2.00 to $5.00 a suit more. Come and get your fit now. 150 Men's Overcoats closing out at $4.98 up to $9.39 for a $15.00 coat. Come quick these coats will go quick. Big values in Boys' and Children's Suits. Bring the whole family and dress them up and save dollars. SPECIAL VALUES Now in every department of J. C. Burns & Company's Big Department Store. We sell everything for less. Come and buy your bill and get th advantage of our Lower Prices. J. C. Burrs & Company's BIG DEPARTMENT STORE Next to Bramlett's Shop, 210 West Laurens St., Laurens, S. C. TYLERSTILL? DOTS. TylerBville, Nov. 3.?Gathering and storing potatoes Is the order of the day. There was a fine crop of both sweet and Irish potatoes raised In this Community this year. A good many from our neighborhood went to Dcthany yesterday where they heard a fine sermon from Hcv. Mr. Jacobs. He also gave a good sermon at Sandy Springs yesterday afternoon. ?Mr. Tom Poole went to the state fair one day. He reports a good fair. Miss Agnew, the teacher from Mus grove school spent Friday night with Mrs. Tom Pool?. Mrs. Sula Cooper has returned homo after spending a month at Salisbury, N. C. Mr. C. R. Cooper's mother Is .spend ing awhile with him. Mr. B. W. Blakoley was in Tylers ville Sunday. Some of our progressive farmers have been busy sowing their wheat. MISS FLORA ELIZABETH HEX NETT Here is one of the belles of District Yo. 1, .Miss Flora Elisabeth Bennett, the charming little daughter of Mr. ami Mrs. .1. S. Bennett, of I.aureus. She won live dollars in gold in her district on new subscriptions ami no doubt ?III be a winner el' mail) more of the prizes before the close x?f the contest as she is a ?erj popular little lady and has a host of friends and ad mirers. MISS LOIS NASH Here is one of our dimpled dar!? IllgS from (?ray Court II. V. D. No. 1 She is Miss Lois Nash, little daughter of Mr. and .Mrs. Walter Nash.. She won a the dollar gold piece und her friends say (hat that is not the last prize she is going to win as they all Intend to do their vorj best for her and surely she is deserving of all her friends can do for her. Miss Mavis Claire Curry How many are acquainted ?Ith this little ray of sunshine? She Is Miss Mat is Claire Curry, little daughter of Mr. und Mrs. Fest us Curry, of Gray Court. Miss Mavis won a gold ring, by being one of the lirst live to be entered from her district, and no doubt v, ill be a winner of more (ban one of the prizes before the close of the race. MASTER CA PKRS SIMPSON This young man is Master Capers Simpson, son of Mr. and Mrs. .1. M. Simpson, of 1,aureus, R. F. D. No. I. Master Capers IgtOne of our flncsl lit tle fellows and a leader In his district. He is rery popular in his neighbor* hood and has friends who ?III stand by him throughout the race. GOODBYE DANDRUFF .. I'se Parisian Sage. If you have dandruff HI Is because the scalp is too dry and flakes off. Fresh en up the scalp?lubricate it and dandruff disappears. I Surely try 'i f>On little of Parisian BagO, It cleanses \t*e hair, nourish es it, stops falllngVhair and itching scalp. It is just what you need to make the scalp healthy and immediate ly remove dandruff. Lauren;, Drug Co., I^aurens, S. C. How many, many people have rushed back into the jjji house for their money and lost their LIVES? Their ;g money had no business being in the house, it should jw be in the BANK. Wnen it is in the bank it is safe. M If you want to pay a/bill write a check on our bank p then you have a receipt. It is easier, too, because you k I can mail it in SAFETY. Make OUR bank YOUR bank. I We pay interest in Savings Department. Enterprise Bank N. B. DIAL, Pres. G. H. ROPER, Gashier ?__ . Ig if,! >< ;t )( ::?): n x K ? ? ? it ? k )Qi :: >!.!< ):,)( )? >OOs )t n xot >: >: k :?:< >: >: M )ti: :: v u n >: >:;>?ik, WHENEVER YOU HEED A GENERAL TONIC - TAKE GROVE'S The Old Standard Grove's Tasteless chill Tonic is Equally Valuable as a General Tonic because it Acts on the Liver, Drives Out Malaria, Enriches the Blood and Builds up the Whole System. For Grown People and Children. You know what you are taking when you take* Grove's Tasteless chill Tonic as the formula is printed oh every label showing that it contains the well known tonic properties of QU I Mi NIC and IRON'. It is as strong as the strongest bitter tonic and is in Tasteless Form. It lias no equal for Malaria, Chills and Fever, Weakness, general debility and 1< ss of appetite. Uivcs life aud vigor to Nursing Mothers and Pale, Sickly Children. Removes Biliousness without purging. Relieves nervous depression and low spirits. Arouses the liver to action and purifies the blood. A True Tonic and Sure Appetizer. A Complete Strenpthener. No family should be without it. Guarantee 1 by your Druggist, We mean it. 50c. ? I OFFER THE FOLLOWING ? j> Property for Sale at a Bargain: 65 Acres near Barksdale Station. One new seven-room cottage near Watts Mill. 3 '^ Acres on Farley Avenue. One Grist and Flour Mill run by electric power. One splendid two-story dwelling on Hampton Street. One storeroom with dwelling and six acres of land just outside city limits on Princeton road at $1,600.00. One two-story brick building on East Main Street. This is probably the cheapest piece of property in the city. 2 Acres on Farley Avenue. A bargain in both of these lots. One new nine-room house, Acres of land in the city of Laurens. 100 Acres of land with good house and out buildings, two miles of Princeton, at $20.00 an acre. 100 Acres fine fanning land with all necessary build* ings, four miles of I/anrens, for $25,000.00. 343 Acres good land, in two miles of Clinton, one third cash balance in four or 5 years. 50 Acres of excellent land just out side city limits at $65.00 an acre. Iyet me show yon this tract. J. S. MACHEN LAURENS, SOUTH CAROLINA McCRADY BROS. & CHEVES, Inc. Engineers apd Contractors / SURVEYS, DESIGNS, ESTIMATES, CONSTRUCTION. Special Attention Given Land Surveys. Laurens, S. C. Charleston, S. C. iimik ofLanron? lliilldlng People'* Office ntilldlng