THE
HOME
NEWS
EDITED IN I HE INI EREST OF McCRORY AND WOODRUFF COUNTY
volumn
McCRORY, ARKANSAS, JANUARY 24. 1919
NUMBER 27
cradle roll REPUKI
Following is the report of
the Cradle Roll Department of
Se Methodist Church for the
year ending January 1st.
Number on roll at the be
ginning of year ••••••••••■:.-;23
Members enrolled during the
year
Promoted during year.20 j
Lost by death ..1
Lost by removal ...2
Number on roll now .35
Birthday cards given during
year .
Greetings to mothers on the
baby’s birthday . 40
Birthdays remembered by
parents at Sunday School....2
Birthday offerings from the
babies at Sunday School $2.86
Offerings received from the
mothers for general work $2.55
~ 219 Golden New, and 26
Mothers Magazines given to
cradle roll mothers, total pa
pers given .245
Visits made bv supt.146
MRS. J. R. NELSON,
Cradle Roll Superintendent.
-Buy WS.S.
PURCHASE GARAGE
Messrs. E. E. Thompson and |
R. J. Walker of Little Rock, |
have purchased the garage;
and repair shop from Mr. W.
B. Fakes. These gentlemen
come highly recommended to
McCrory, both as citizens and
expert workmen. The • old
garage is to be remodeled and
many improvements are to be
made. The Home News ex
tends the glad hand to these
gentlemen and predicts that
they will receive a good share
of the repair business of this
section. We call the atten
tion of our readers to their
advertisement on the last page
of this issue.
--Buy WS.S.
CARD OF THANKS
Words are inadequate to
express our thanks for the
many acts of kindness shown
us during the illness and death
°i our husband and father,
and for the many beautiful
flowers that served to show
the undying love of our dear
Hei?h£ors\ We can only pray
fnat the richest blessings of
he Almighty abide with you
ail torever.
MRS. H. P. HARGIS,
AND FAMILY.
-Buy W.S.S.
Pure bred big bone Po
T t male pigs for sale,
* Billiard, l-3-2tp.
Buy W.S.S.
Barley, our enterpris
Jjoun^ harness and sho<
tho'n RPent a few dayi
pn, rst of the week in Litth
°ck on business.
Buy WS.S.
f°r sale: 200 acres, \
balan f !Tu"ter- 35 acres opei
wafpiC! ^mber, good roads an
CorKt aa<^,new railroad bein
constructed by land. Call c
Crory, N®WS Editor- ^
I HE INCOME TAX
The big income tax drive of
1919 is now under way and
every preparation is being
collection in the history of in
come tax, “I am not waiting
for the final passage of the
new revenue bill by congress”
said collector, Jack Walker,
today, “nor for the new regu
lation blank form to be issued.
To get this big tax in and get
it accurate and complete, I
urge that we all begin now.”
“The income tax obligation
imposed by the old laws, as
well as the measure now in
Congress, consists of two dis
tinct operations. One is, to
file return or statement of all
items of income and items of
deductions allowable by law,
and to do this within the per
iod named by law. The other
is. to pay the tax, if any is
due.
Neither of these obliga
tions can be met without a
careful review of income and
expenditure for the tax year.
That is the big job right now
and that is why I say the in
come tax drive is already un
der way. Everywhere the pen
cil is busy. The old year is
done; all its fruits are glean
en; and every person who far
ecl well, or earned a good com
petence, must analyze his own
case in cold figures.
When the new bill is enact
ed into law, I will have the
proper return forms distribut
ed throughout the district and
everybody will be informed of
the date when the sworn re
turn must be filed. It is my
plan to send my men out to
central locations, and to have
them travel through the dis
trict aiding taxpayers in the
preparation of the returns and
in deciding doubtful points.
We will go rignt to tne people
with the income tax and with
the cooperation which the pub
lic can give the government
men, the returns will be filed
by everybody who comes un
der the law’s provisions, the
right taxes will be paid, and
the district will have done its
full patriotic duty toward the
government’s support.
“Meanwhile let me say
again, there is no need of de
laying the preparation of fig
ures. Anything that Congress
does now will not affect the
amount of a person’s earnings
for 1918. Let us avoid the be
lated throwing together of fig
ures that may hit or miss.
Guesses cannot be accepted as
the basis of taxation. It is
clearly the duty of every per
son to compile correct figures
and ascertain whether his in
come’ for 1918 was sufficient
to make necessary a sworn re
turn. .
“The year 1918 was a ban
ner year for salaries and wag
es, and the high war prices
brought unusual profits to the
average small tradesmen and
to the farmer. The opinion in
Washington is that a million
citizens and residents will
make this year their first in
come tax returns.
“All signs indicate that the
income tax this year will reach
nearly every working man and
woman, and nearly every mer
chant, shop keeper and farm
er. Not all will have to pay
the tax, but nearly all will be
obliged to make a sworn state
ment of the year’s income.
“I am therefore advising the
unmarried person who earned
$1,000 or over during the year
1918, and every married per
son, who together with wife
or husband, earned $2,000, to
sharpen his pencil and figure
out how he stands.
“He must ascertain accur
ately his gross income from all
sources. There’s his salary or
wages, including overtime pay
and any bonus received as ad
ditional compensation. A mar
ried person having children
under 18 who are working,
should include the earnings of
such children.
It he sold any property at
a profit, the gain must be com
puted and included in gross ;
income. If he rented any
property to other person, the
total rents received in the year
must be ascertained, and from
that figure a deduction may be
taken for taxes paid on rented
property, the necessary minor
repairs, fire insurance, any in
terest he may have paid on
mortgage and a reasonable al
lowance for annual wear and
tear of the rented property.
The balance is included in
gross income for the year.
“Interest on bank deposits,
whether withdrawn or added
to his bank balances, must be
included in all calculations of
income. Bond interest re
ceived during the year must
also be included, except inter
est on municipal, county or
stare oonas. interest on unit
ed States Bonds need not be
included by the ordinary bond
holder who purchased small
amounts. Holders of large
amounts should ask the bank
er to write to my office for the
rule applying to tax on such
interest.
“Dividends on stock shares
are income, and must be in
cluded in the gross figures, al
though the law does not im
pose the normal tax on distri
butions made by domestic cor
porations.
“A person buying and sell
ing merchandise must find his
profits for the year on the fol
lowing basis: first, ascertain
the gross sales or total cash
receipts, then add together the
inventory at the beginning of
the year and the purchases of
goods for sale. From this lat
ter sum subtract the inventory
of goods on hand at the year's
end, and the result is the cost
of goods sold. This cost plus
necessary expenses incurred
solely through conduct of the
business, is to be deducted
from the gross sales, and the
I result is the net earnings of the
SAFE IN ENGLAND
A cablegram to Mrs. Ross
Mathis of Cotton Plant, from
her husband, Lt. Ross Mathis,
of the A. E. F., was received
January 14, announcing his
safe arrival in England and
also that he would soon return
to the States. Lieut. Mathis
has seen all the hardships of
war, having been wounded,
gassed, taken prisoner and
confined to Hun treatment in
prison in Poland for the past
six months, denied communi
cation with homefolks, nothing
having been heard from him
for the past three months. His
wife, formerly Miss Lynch of
Cotton Plant is receiving con
gratulations from many friends
on the good news from her
husband. Young Mathis is an
attorney and will on his re
turn pursue his profession at
Cotton Plant.
-Buy W.S.S.
CAKU Ul* I HAINIvo
We wish to thank our many
friends for their kindness and
sympathy shown us during
our recent bereavement, also
for the many beautiful floral
offerings.
WALTER B. FAKES,
AND FAMILY.
-Buy WS.S.
Wanted—To buy your Lib
erty Bonds—See G. W. Bar
ber. adv 12-20 tf
-Buy W.S.S.
There will be a continuous
show at The New Jewel Thea
tre every Saturday afternoon.
Admission 15 cents to all.
-Buy W.S.S.
Mrs. G. T. Earley left Sat
urday for England, Ark., to
be the guest of friends for a
month.
--Buy W.S.S.
After a strenuous days work
why not spend an hour of re
laxation at the New Jewel.
Theatre. Bring the little folk
for they will enjoy it too.
-Buy WS.S.
Mr. J. F. Morgan returned
this morning from Missouri,
where he purchased a car of
young mules, which will ar
rive soon.
-Buy W.S.S.
Friends of Mrs. J. R. Nel
son will be sorry to learn of
the death of her father which
occurred at his home in Mur
ray, Ky., January 23. Mrs.
Nelson was at his bedside till
the last.
--Buy W.S.S.
Renew your subscription
before it expires which will
be on the first day of the
month opposite your name as
printed on the wrapper or
front page of this paper.
All subscriptions MUST be
discontinued, hereafter, at the
expiration of same.
business.
“A professional man arriv
es at his professional income
(Continued on page three)