The Newark Journal
$1.50 PER ANNUM
NEWARK, INDEPENDENCE COUNTY, ARKANSAS, THURSDAY, JANUARY 22, 1920
VOL- 19 NO. 42
THE INCOME TAX
IS NOW DUE AGAIN
STATEMENTS MUST BE FILED
BETWEEN JANUARY 1 AND
MARCH 13TII
With the coming of 1920, the feder
al income tax is due again. As a re
sult of the high prices of all farm
products the past year, many farmers
around Newark will be subject to the
payment of this tax, and those who |
have not kept an accurate account of
their income for the past year should
begin at once to make an accounting
in order to ascertain the amount of1
inc' me taxes due the government for
the year just closed.
Heavy penalties are imposed for
those who fail to file their returns
between January 1 and March 15. The
full tax may be paid in full at the1
time of filing the return or if it is de
sired to make the payments in fouri
installments, the first must be paid I
by March 15, the second by June 15, j
the third by September 15, and the j
fourth by December 15. The period j
for which the income tax is assessed
is the calendar year of 1919.
The ordinary taxpayer will not be
obliged to pay quite as much as last
year, although the rate still is far
greater than pre-war rates.
The exemptions of $1,000 for single
persons and $2,000 for married per
sons and heads of families remain the
same as for 1918. The normal rate
for 1919 is 4 per cent on the first
$4,000 of net income above the ex
emptions and 8 per cent on the re
maining net income. Last year the
normal rate wa- 6 and 12 per cent
respectively.
Surtax Ratios
Surtax ratios are the same as last
year. They started with 16 per cent
on the amount of net income between
$5,000 and $6,000 and increased by
steps of 1 per cent for each $2,000 of
net income up to and including 18
per cent on net income in excess of
$98,000 and not over $100,000. The
surtax on net incomes over $100,000
and not over $150,000 is 52 per cent,
on net incomes over $150,000 and not
over $200,000 is is 56 per cent; on net
incomes over $200,000 and not over
$300,000 it is 60 per cent; on net in
comes over $300,000 and not over
$500,000 it is 63 per cent; on net in
comes over $500,000 and not over
$1,000,000 is is 64 per cent; and or.
net incomes over $1,000,000 is is 65
per cent.
Besides ihe exemption of $1,000 for
single persons and $2,000 for married
there is an additional exemption of
$200 for each dependent under 18
years ol‘ age.
Every person whose income equaled
or exceeded $1,000 for single persons
or $2,000 for those who are married,
must file a return regardless of
whether the income is large enough
to require the payment of the tax.
Forms for making returns will be
available at offices of collectors of in
ternal revenue and deputy collectors,
postoffices and banks. What is known
as form 1040A is for use of those
with incomes of $5,000 or less, while
form 1040 is for those with larger
incomes.
Taxable and Nontaxable Items
Taxpayers must report under gross
incomes, salaries, including bonuses,
interest received on notes and from
bank deposits, dividends or stocks;
profits from the sale of property,
profits from stock market transac
tions, income from fiduciaries, part
nership profits and royalties from
mines, oil wells, patents, copyrights
and franchises.
Items which are not taxable and
need not be included in the return are
property received by gift or inheri
tance, proceeds of life insurance poli
cies, returns or premiums on life in
surance, endowment or annuity con
tracts, amounts received through ac
cident or health insurance or under
workmen’s compensation acts, interest
on obligations of any state or any
city, town, county or village, interest
on Liberty bond under par value of
$5,00U, interest on securities issued
under the federal farm loan act, and
amounts received during the war by
persons in the active military or nav
ui forces up to $3,000, in addition to
personal exemption.
Deduction from gross income in de
termining net income include all
business expenses in the conduct of a
business, trade or profession, a reas
onable allowance is made far depre
ciation of business property.
Contributions or gifts to charitable,
religious or educational societies may
be deducted to an amount not exceed
ing 15 per cent of the taxpayer’s in
come.
Amount of Tax
The following table shows the
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Hi
Luck and Lack
Don’t trust to luck. Luck is untrustworthy.
Systematic, scientific striving for any
goal is far more likely to bring you suc
cess than any mere faith in your success.
Just as changing a single letter changes “Luck” to
“Lack,” so will the reverses of a single day change
plenty to want. But you can insure yourself against
this by building your success on the habit of saving.
Save and Win
Be well dressed. Make friends. Increase your in
fluence in your community. Enjoy the respect of
all your associates.
These things do not come to those who trust to
luck for them. Systematic saving will win them for
you. Systematic saving
will accumulate for you
a small fortune that can
safely and readily be
expanded to a large one.
Decide on a regular de
posit and start deposit
ing NOW.
V5
000
DECEIVING TELLE
0000
Li /
iiii
Tib
Yd ujur
Make
Y©upM©^®>> §&fa
BAKU WITH
The First National
US
Bank
NEWARK, ARKANSAS
C. M. Edwards, President, W. W. Jemigan, Cashier
G. M. Fields, Vice Pres. T. M. Harrelson, AsstCashier
BUYS INSURANCE AGENCY
E. G. Magness Takes Over Hoyt &
Raney Insurance Agency
E. G. Magness closed a deal yester
day afternoon for the purchase of the
Hoyt & Raney Insurance Agency and
the business is today being transferr
ed to Mr. Magness.
Mr. Magness has been in the insur
ance busines here for the past year
and has built up a splendid business.
The addition of the Hoyt & Raney
Agency to his already large business
will give Mr. Magness one of the best
agencies in this county.
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NOAH HARRIS FOR SHERIFF
The announcement of Noah Harris
as a candidate for re-election as
sheriff appears in today’s paper.
Mr. Harris is now serving his first
term as sheriff and has made a splen
did official. He has been thoroughly
efficient in the discharge of his dutfes
and has at all times endeavored to
see that the law is enforced fairly
and impartially.
There has been no complaint against
the manner in which he has discharg
ed his official duties, and it is the
concensus of opinion all over the coun
ty that he has made a faithful and
efficient officer. This being true,
there is no question as to his being
re-elected for a second term.
» CHARLOTTE ITEMS **
Charlotte, Jan. 21.—C. L. Moore j
made a business trip to Batesville ]
Monday.
A'rthur Baker spent Saturday at j
Batesville
Nelse Brewer of Batesville visited
his brother, L. A. Brewer Thursday.
Mr. and Mrs. Hubert Rogers of
Sharp spent Sunday with W. P. Lu
cas and family.
Misses Mae McGill and Ella Fallis
of Sulphur Rock visited homefolks
from Friday till Sunday.
Mr. and Mrs. M. B. Fallis visited j
relatives near Mt. Hermon Saturday
night and Sunday.
Miss Lockie Lucas visited Miss Ma
rie Brown at Walnut Grove Saturday
night.
Miss Marie Hess of Sulphur Rock
visited Miss Mae McGill from Friday
until Sunday.
amount of income tax the average
married person must pay for the cal
endar year 1919 based on the reduc
tion in the normal tax. The rates for
the current year are to be four per
cent on the first $4,000 of net income
above the exemption, which is $2,000
for married persons and $200 for each
child, and $1,000 for single persons,
and eight per cent net income in ex
cess of $4,000 minus the exemptions.
The rates paid on the 1918 income
were six per cent and 12 per cent resj
pectively. Sur-taxes remain the same
as for 1918. On the basis of the re
duced normal tax the married per
son will pay as follows.
$ 3,000 income _$ 40.00
4.000 income _ 80.00
5.000 income _ 120.00
6.000 income (surtax).. 170.00
8.000 income (surtax)_ 370.00
10.000 income (surtax)_ 590.00
12.000 income (surtax)_ 830.00
14.000 income (surtax)_1,100.00
16.000 income (surtax)_ 1,370.00
18.000 income (surtax)_ 1,670.00
20.000 income (surtax)_ 1,990.00
The rate of the surtax is propor
tionately greater as the income in
creases, which makes the man with a
big income pay a higher rate than
the man with a small income. For
example,the man whose income is$50,
000 will have to pay $9,190 income
taxes, or a little less than one-fifth
of his income, while the man whose
income is $100,000 will be required to
pay $31,190, or nearly one-third of
his income as taxes. The man whose
income the past year amounted to a
million dollars will have to hand over
to the government $663,190, or a little
more than half of what he made, and
if there are any readers of The Jour
nal who made $500,000,000 last year
■ they are going to have to dig way
down deep in their old sock-leg and
fork over $3,582,530, which will oa
| just about three-fourths of what they
made.
ATTEMPTS TO ENU LIFE
Jonesboro Constable Prevents Woman
Swalloing Acid
Jonesboro, Jan. 18.—Mrs. Louis
Webster, aged 22, who came to Jon
esboro this morning from Paraguld,
was arrested by local authorities foi
lwing an attempt to end her life by
swalloing iodine and carbolic acid.
According to police she was prevent
ed from swalloing the acid by a
constable who was near her after she
purchased the drug from a local drug
store. She was formerly Miss Flor
ence Johnson and resided near Pig
got.
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BROWNING FOR RE-ELECTION
Wash Browning announces in to
day’s paper sa a candidate for re-elec
tion as County Clerk.
Mr. Browning is well known to the
people of the county, having served
them faithfully and well the past two
years as county clerk.
He is an efficient official, being
thoroughly reliable and accurate in the
discharge of his duties, and is pleas
ant and accomodating to the public,
which makes him one of the most
popular men who ever held this posi
tion. He will no doubt be re-elected
without opposition.
Early Hatched Birds
Bring Better Prices
(U. S Dept. Agriculture)
Chickens can be hatched at any
time of the year, but it is the chick
ens hatched early in the spring that
give the best results. One reason is
that if no special effort is made to
hatch early on the farms throughout
the country the hatching 3eason coin
cides too closely with the planting
season, and hatching operations are
reduced on that account.
Early hatched chicks, as a rule, are
the strongest and most vigorous in
the flock because they are produced
from eggs laid while the hens are in
their best breeding condition. After
a long period of laying the hens lota
something of their vitality and their
capacity to transmit vigor to their
offspring, and so late-hatched chicks
are on the whole decidely inferior to
early hatched ones in vigor and con
stitution. Because they are thrifty
and vigorous the early chicks make
quicker and better growth than the
late ones. Thrifty chicks get more
from a given quantity of food than
others. Weak and undersized birds
often consume as much feed as the
larger and better developed ones but
make no perceptible growth.
Th early chicks develop to a stage
whre they can withstand extreme heat
an,J an attack by the paiasites which
are ’ic.ro numerous and troublesome
in hct weather. The severe heat is
apt to check the growth of the late
chicks and in their weakened condi
tion they easily become s prey to iice
and miles. When the cold wet weath
er comes in the fall they are peculiar
ly susceptible to it and likely to de
velop colds, while the vigorous early i
chicks find the coolness stimulating, j
When eggs do not hatch well early
in the season there is time to find the
reason for the poor hatching and to
cure it before the season is too far
advanced. When late hatching is not |
successful the crop of poultry is cutj
short and egg production fails.
Early hatched cockerels are ready j
for the market when prices are high- j
est. Early hatched pullets mature be
fore cold weather and lay when prices
of Eggs are highest. Late-hatched
chickens are not mature before cold
weather sets in and often will not lay
until spring.
INCOME TAX COLLECTOR
IN THIS COUNTY FEB. 9-14
It is announced that Gordon Ar
mitage, deputy income tax collector
from the office of Jack Walker, will
be at Batesville February 9 to 14 for
the purpose of collecting Income Tax
es for the year 1919.
Income Taxes are due now and may
be paid any time up to March 1.
Blanks for making reports will be
mailed to all parties who paid income
taxes last year. All other parties le
siring to pay direct may secure blanks
by writing the Collector of Internal
Revenue, Little Rock, Ark.
SALE LIKE THIS OUGHT
TO DRAW SOME CROWD
A sale bill bearing the signature of
Will Quit Work, has been going the
rounds of the press and purports to
be a Missouri auction sale, giving evi
dence of what queer combinations
can be made by a printer who is suf
fering from the effects of a night out
and badly pies the galley. The bill
announcing this includes the follow
ing list
Twenty live cows, broke to work;
41 head of cultivators, coming in
soon; 10 head shoveling boars, with
scoops by side; 8 piano mares; 120
rods of canvass belting better than
new; DeLaval cow with ice cream at
tachment; McCormick binder in foal;
Poland China bobsled, due to farrow
in April; 14 head of chickens with
grass seed attachment in good work
ing order; 2 J. I. C. Riding heifers
good as new; spraying outfit, can be
ridden by children; 15 billy goats, 70
bushels capacity wdth spraying no7
el and other attachments; many other
articles too numerous too mention
which 1 expect to get at night be
tween nw and date of sale.—Ex
change.
-o-*
NOTICE TO THE PUBLIC
We, the undersigned doctors, owing
to the increased cost of living, to
gether with the price of medicines
and the high expense of office and tel
ephone rent, hereby agree that the
following schedule-of prices shall pre
vail as l’egards medical fees.
Town calls, $2.00. Calls in Country
$1.00 per mile. Night calls in the
Country, $1.00 extra. Labor cases
$15.00 plus mileage $1.00.
V. L. PASCOE.
T. N. RODMAN.
O. L. BONE.
J. B. ROE.
L. G. POE.
A. A. EVANS.
Newark, Ark., Jan. 1., 1920. (adv.)
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KILLED BY EXPLOSION
Jonesboro, Jan. 16.—Hugley Lamb,
22, was killed this morning from an
explosion of a carbide tank. He was
pumping the tank in order to give
more pressure, when the tank explod
ed, tearing his head off, death becom
ing instant. The deceased was en
gaged a Miss Coward, who came to
the city to select the shroud and
casket. The affair has caused great
regret in this section, owing to the
prominence of the young man.
NEWARK WILL HAVE
MODERN PICTURE SHOW
PROMOTERS WILL ERECT NEW
BUILDING DESIGNED ESPEC
IALLY FOR THEATRE
The Royal Theatre Cojppany h«3
been formed for the purpose of put
ting in a modern motion r icture, thea
tre in Newark. M
A new building will be e-’wJ&ed on
the lot belonging to O. F. Craig on
the south side of Front street, direct
ly opposite the Newark Drug Com
pany’s place of business. The building
will be an iron-clad frame structure
and will be constructed according to
the latest approved plans adapted
especially for motion picture theatres.
The building will be of sufficient sire
to afford a seating capacity of about
300, and will be so constructed that
a balcony may be added with an ad
ditional seating capacity of about 100.
The floor will be elevated and the
building equipped with regulation op
era chairs.
Part of the equipment has already
been contracted for and the promot
ers of the enterprise say that nothing
but strictly modem and up-to-date
equipment will be used.
An order has been placed for one
of the latest type electric motion-pic
ture machines. The promoters are
investigating the feasibility of in
stalling a Delco plant of sufficient
size to furnish power for operating
the machine, electric fans and lights.
Work on the building will be com
menced as soon as material can be
placed on the ground and it is said
that the theatre will probably be
completed and ready to open for busi
ness in about 60 days.
The people of Newark have long
felt the need of a first class picture
show, as there is no form of amuse
ment in the town, and it is believed
that the people will patronize and ap
preciate a good show, such as the
promoters of this enterprise propose
to establish.
--o-—
BURNS RESULT FATALLY
Leslie, Jan. 18.—Mrs. Arthur Huck
abee died here yesterday from bums,
sustained about four weeks ago,
when her clothing was ignited while
she was building a fier in a stove
at her home.
We have Stacks of Pretty Rugs that we
would like to show you. Can let you hare
a good Tapestry Brussels Rug 9x12 ft for
only $22.50. Or a small 27x54 in Axmin*
ister Rug, in lots of different patterns and
colors, for $3.50. Come in and let us show
you just what you are looking for in the
way of rugs and furniture.
“The Best For the Money”
C. w. Maxfleld Co
Batosville, Arkansas
1
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