La Grande evening observer. (La Grande, Or.) 1904-1959, February 22, 1922, Image 2

Historic Oregon Newspapers

La Grande evening observer., February 22, 1922, Image 2

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Newspaper Page TextPACE TWO LA GRANDS EVENING OnSERVER NEW ARRIVALS IN THE WOMAN'S READY-TO-WEAR DEPARTMENTS New Dresses New Coats New Suits . V New Skirts New B Jousts THE SEASON'S APPROVED STYLES YOUR INSPECTION INVITED Hill's Dep't Store 'V -.'it-.-.' ; 5: v Income Tax Facts but owing to tilt provisions of suction 202 (b) (.'!) of the art the tuxpayor pjn not dedu-t such loss from his pros- income because the market vulue on March 1, 1!H3, whh less thun selling price. Neither docs he have to report il Kiiin on the transaction. SIX-YEAK-OI.I) KI'KI'KE. MRS. JOSKI'IIINK WODETZKY I DiF 0 WASHINGTON SSIONIFDUR GAMES STAGES ITCH First 15oxing limit Under , New Administration I . (lunranteed liy Commis sion Members. La Ornnde't new boxing commis sion Is staging its first boxing bout nt the Mar tbeuler ThursUny night. Tile boxers will be Mickey Dempsoy or this city and Uuddy 8tcvens of Pendleton. The boxing commission ftiys apparently thlB will bo ono of' the best bouts of Its kind over staged In the oily. Dompsey Is known hero and has torn followers ns a boxer and the boy from Pendleton has his follow ing the Hound-Up city. He has had mare experience than Dempsoy but It la stated thnt Uumpscy Is et 111 a mutch for blni. The seml-fliuil will a six round bout between Duller und Newlln who hnve appeared before In the ring In La Orando and are whirl wind scrappers, according to thmie who have seen them. Two other preliminaries will be a part of the " projrnm. In speaking of the limit one of the mdmbnra of the new commission stated that an effort would be niadu to give the peuplu square box ing matches and upon the support FO TONIGHT Interesting l'acta Ills share. If subsequently the wife sold Leadership Al'C Revealed the stock fur $200 u share, her taxable 'p., ii, ),,l.i: profit is not $".0 but $100; the gain lover the cost to the last preceding .....w,,..,,., ..... " ;by Rift. A little, well worn diary, almost ! ... faded out In places, still tells the i thc e f PPty acquired by ..,, , ,,,.., , ,., ,..,.. jgift on or before December 31, 1920, Wn.hlnfinn-, . for their rnm. i basis for ascertaining gain or loss niniider-ln-ehlef. during the ,.vo. fm 'le or other disposition there i ... .. w 01 shall be the fair market price or lvalue of such property at the time of acquisition. In the case of property Teale wrote: "Khubarb, custard, cab bage, gravy, sausage, a fat goose, po tatoes, applet pease (sloppy) an I jelly." A .ll'DK IOl s ixyi IKY I Section 202 of the revenue act of! ' 1021 deals with the basis jf ascertain. I ing taxable loss or dcductiWc gain ir , SCARBOROUGH, Eng., Feb the Mile or other disposition of p.-oP. I)irectoriI ,jf tnp Scarborough' Chi!- ierty. The act provides that cost shall ! oVen's hmH. ask(M, tnp UMv ir,mates be the basis with three exceptxns. to wlit(! tt description of the "ideal ) The first is that in the case cf prop-1 Sunday dinner." Hix-year-old lAd.i ery wnich should be included in the taxpayer's inventory, the last inven tory value shall be thc basis; for cx- ample, if a merchant bought in l!)20 a i certain article, and it was not so,d jy ihim prior to December .'II, Ifl20, but : was included in his invento1;' as of 'that date and sold in 1021, the taxable gain or deductible Uiy, would be the j liffeieiice between 'I? celling price iiind tl,e amount at tvh'ch the aiticle I was curried in his inventory. 1 Tho second exception is that in the case of property acquired by gift after I December 31, 1020, the basis shall be !tbc same us that which it would have ibeen in he hunds of the donor or last preceding owner by whom it was ac quired by gift. Eor example, a man in 1018 acquired stock in a corporation for $100 a share, and kept it until 1020, when it was worth $120 a share and then gave it to his son, who in January, 1021, gave it to his wife, the stock at that time being worth $150 a DYSPEPSIA OVERCOME. HE GAINS 20 LBS II rertalnly surprising the way Tanlac .enche.l my euse. It,, 'belief II ted me In etery, way and I j,l seemed to gel lliw '' ....... ..... u-ifli every .Ve When It I comes to t.iiH.liiitr a 'ui up and making him fed flne.Y'T1"" H '" a class by Itself." ,a VI"'1 nii i 'IM.ilie is sold ill I 'silveri horn's Ka.nlly Hr all iMiiliiiK driif'Kl. is landn by store and Adv. A well known traveling man who visits the drug trade, suys he has often heard druggists ask a cus tomer who wished to b.iy a cough modlclue, whetbre It wag for a child or a nadult and If for a child, they almost invariably recommended Chamberlain's Cough Remedy. The reason for this Is that they know there Is no danger from It and that It always cures. There Is not the least danger In giving it and for colds, croup and whooping rough It Is unsurpassed. Hueets to tile Hweet tat is more acceptable than a box if fresh, hand-made choco lates flaim the Palace Confection ery. . . 2-15-tf Ten poundVof lard $1.50 at People's Market. Phone Main 747 ! Meat Was Like Poison To' thrift shop open. His Svstem and Hardly Tfcn Rl Cross Thrift Shop is Anvthinff Else AjTeed open daily now in the New Foley ih WIKh Hhn Declares Oak- BuiUinc. off the Chestnut street Wltn Him, Declares Wit entmme- Thursday will contin- land Citizen. ue to be Thrift Day and on this -K day all who have donations for ,,, . j . r,4. 15.4 the shop are asked to have It "I Just Seemed to Get Er.t- lnaAy bo ,,PivcrcJi thut be- for With Tlvprv DoSC 01 i iho ,lnv collections are made, IT J 'I'fc J Tanlac and Now I tat Anything," He Says in Public Statement 12-lG-tfp For Sale It's fact, I ImvA gained fwen-; ty pound in weignt sinco .1.110.. . toned 1111 mv stomach olid I am leei- Ing just llkV a different man now, said Walter V. Tucker, Vl91 Sixty-1 sixth St., Onjand, Cullll 5-rooin modern bungalow, 3 lots, "I had stoich trouSle for f if- garage. This is a good buy for teen years In aV.d fornil I fannlly iBnm0 service man that wants to got to where niV was Jilmost like use his State Loan. Price $3800. poison for mo anthereJ was hard-, ly anything that BvLigree with j;ow 4-room house, just complet me. This trouble broke down my ; P( Here Is a chance to buy a nerves and finally I got so weak ilom(, that no 0110 has ever lived In and run down I frequently had tolaml t)ie price is right. $150 cash lay off from work. I will handle this. Prico $1400. Y. M. ('. A. Plotir AVii! Tit Kept Ilusy Witli JJaskft bnll Quinietsi. lutlonary War. This war history, kept up day by day during tiie seven-year battle, by Kamuel Davis, a flier und drum mer later under the dlrtVt .com mand of Washington .now belongs to bis daughter, Mrs. Josephine Wo detzky, of Logan county. III. Hcnlls Yur Stories. Mrs. Wodetzky is a real Daugh ter of the American Revolution. acquired by bequest, devise or m heritance, the fair market price or value of the piopeity at the time of its acquisition is the basis for deter mining gain or loss. Subdivision C of section 202 of the new revenue act deals primarily with the exchange of property for property, ii- ;D ...... iii,n..i ti.nn tu.. She has just celebrated her ninety- of 1J18 jn enumerotin the da8ses of third birthday and she , vaguely re- ,uch CX(.hanges whith" do not result " . . . .,' . """"'j in gain or loss to the taxpayer. In I ,""""7"'" "u'"1,,r. general, there is no gain or loss when her when she was n little girl. "Shortly after being accepted as a drummer," she said, "my father ; property (other than stock-in-trade or ; property held primarily for sale) is The quadruple basketball header to be played at the "Y" tonight will com mence ut seven o'clock shurp. The boy scout second team will play the M. I. A. youngsters. This game will be fol- !..,.. A K .1, .. 7. !. I" oe saw, -my luuicr ,,..-,,.,.-, .rfv tim, ion Tiger, and the La Grande bo." I""8 '"""H'T"1 ! !."e ofiWhen an individual or a partnership scout team. Preliminary to the game I T L V r , l"ore : transfers property to a corporation between the Cougars and the Stoddard IT " ,ru ,T ' la"d immediately thereafter is in con- Brothers, the Union high school sec- " 'l '"'"l y nt flo,,ttrol of such coiporation-owning at ond team will take the floor against ! 1 . "" '? .1 . . , ill'ast 80 Pw 'e"t ot the votinK stock the Hi-Y. My r"th,!,' ""' lhnt moBt ' iand at least 80 per cent of the total ' All of these games are expected to ,". h'T" '"" "'i'!' "r'"y , "f 1 u"er of share of all other classes nu 01 mese gamis are expected to which Ceorge Washington was tholof sto.k Ih nrnnrn.inm .v be as and exciting contests and thellrect commander and that he was i L al Z Z .,Z-lT.JZ LA GRANDE Htwer Water B lirlKiiLiou EV Culvoi't H J)niiuuno WELL CURBING Phone .Main 120 nentAsthe Pyramids huuifaiVurers of llllUUing 'ouinlatlun Silo ('binikey on Blocks -SEPTIC TANKS FaftoTv Island C'itv 1 5-rnom modern home, just off I paved I street. This Is a good place fand lllio ' location is good. Price i2C00 VJ-rohm modern bugalow, paved ! atrVt,' garage, full basement with ' was jtrays. ' 4-room house furnlshdd, big lot I 00x110. The party that owns this place wants to move away and will sell now for $1700. 1 I have money to loan on first 1 class farm security. bahketball fan will certainly get a thus able to get a direct line chance to cast his eyes on more bas ketball games than he ever saw before in as short a time. An admission of twenty-five cents will be charged. They Appeal to Our Sympathies. Hales Prior to .March 1, 1913. In the case of the sale of property acquired prior to March 1, 1913, the basis for determining taxable gain or deductible loss is cost, but the fair the great heart of Washington, 11 11 tl bis compassion for his soldiers. Loved Their Leader. "'All those soldiers," father suld. were always ready to endure any mrket nriee or v..l.. of tW. dte hardship if Washington Buid the j is important. Generally to determine The bilious and dyspeptic are con-1 "V, ., ',.. L I. ,i , Ki"n' lm-'.,MuK ' tyi., value slant n.ifforor. unA. niu,ii t ... "e i is uBe.i iz more man cost, and to cie stant sutferera and appeal to our sypi-iproaehlng Idolatry.' ii..-m; .1 11.1.. i A. u.i 1 patlnes. Many such, however, have, .... ,,, r.,.i..in nf , . hnn mn,nU,,i ,.ini i i, pi n liege or in value IB used if ess than cost. Tax- bcen completely res ore,! to heal h by !r,llhtr , 80,.ve s orerly for ' navers should read earefullv section nose tabla. nrS,. Z W,lM"?U". whT C..rnwUni-;22, (b) of the act on this pohtt. . , .. ,. , sin re 1. ereu pis army 10 1 e asn- r o lowme' are concrete examnles invigorate the liver and improve tho , ' ... , I . , , , k , . . :. . .. .v. . digestion. Thev also cause a Bntll","M. 7 . '"'-""'" i a oonu oougnt in 11.12 tor Siwunaa Uie ovcnls received would depend movement of the bowels When vmi'"" Kr'"u 81 "'KB'0 ,or '09111. ne.on March 1, l'll.l, a value of $750 - 1. . . ... - , mnrwi u'triiiti n law ivipiih r vvnuh. 'n...i ....1.1 : .. unit e u i nnn tu.. wamner tue aport wotnu be eon- have anv troub o w th vour stomach. I . " 7" .. ". "'"""'." .. u.ii.Hu in iii.s eny. K,V1. them a trial. Fi-lirt lMfK" IHS0RANCE LA GRANDE INVESTMENT COMPANY iugton. He witnessml Washington's ! taxable gain is $2.r0. the excess of ,laeeeptnnco of the liritlsh leader's j the selling price over March 1, 1S13, isword." lvalue Mrs. Wodet.kv says she lias for-1 A imn.1 hnmrhi In for Sl.nno -SjJi-l gotten many of the Interesting 111-1 hod a market value on March 1, 1913, cldents related by her father "hut of JTSO and in 11121 was sold for $500. I ran check hack on ninny of them Tho deductible loss is $50, thc excess by referring to falher's dUiry." of the market value of March 1, 1913, The little war diary i-Ven men- over the selling price, linns the liritlsh losses during n A bond purchased in 1912 for $,r00 selge that lasted a month 15 kill-had a mnrket value on March 1. 1913, ed and 32(1 wounded. The Amer-lof $1,000 and was sold in 1921 for .ban and French losses were 8.1 ' $7."0. In this ca.-e there is no taxable killed and UiM) wounded. ,j gain and no deductible loss. , Mrs. Wodetzky was born ,lu Hal-1 A bond purchased in 1912 for $1,000 timore In 1S:10 and is the only sur- en March 1, 1913, had a market value vlvi.ig member of a family of sev-'of $"00 and in 1921 was sold for $7.r0. In 1S17 she was Mnj.irrled audi This transaction, on a basis of cost Reliable A .units for Reliable Insurance Companies 1113 Adams Ave. ' Thone Main 752 Hhdt'Lly v uftir her fallinr ilicd InuvInK XImt, 111 hl.H litlh' (llary, ra phii War thn cturc of Rovolutionary and an inside peep at Jts u IuuIit of men. Just Arrived V " A New fiino of- ' (linliams, por yd. Orpaiitlii-s, por yd, Foulards, per yd. iWtted .Swiss, j.cv yd l m twin l nt i i " v 1 i:it Flaxtui, per ytl -f !l:!t J .NHinsooK, in wlutt; mi) cnloi-s, per yd S, Ovtlon Crepe, in white and colors, per yd. ... Taldo Damask, in eclors, .r fd .. t'v to 6S- .... Ho.' to S!),- to (!!). f .")( :!) . $1 .'.- 'a Variety Store L 1 ' 1IIIU I -ed fj i.'i.iiii ifte . would result in an actual loss of $2!0, Geo. H. Currey Phone 200J WW Real Estate Insurance D ROAD WAV AT STARK Portland, Ore. ltd pa a 1 'I'll. 'II you arc OI'VUA In 24 Ind ST. OPI-ltA CO. he tan cent, thut Vou wir vatioik, for t Great A.t Arii nil palts of t! city alliluit t (Mcontcmplating attending tin l'OKTI.ANI), March 22, 23 the 23. hen tho CHICAGO GRAND ud Its Famous Artists will of attraction, we suggest phone or write for reser is will be the Northwest's Ic Kvent, and visitors from e Northwest will be fn the me." Home, of the Famous 1. Arthur H. Meyers Man ag Er an .n'n jiiil v iZuikJjiilfHTM'ti. it i. Yii'iMM 10 in. Double Disc Columbia Records Are Now 75c W. H, Bohnenkamp Company FORD & GEORGE Main 44 liVlif with a company that is bonded. l:erv ili-ic... nml every car bonded for your protection Willi I lie ery best of service. t All. MA IX 44 ( humhcrluils Tablets for Indigesliop nAd Constipation. "The nic tine i have constipation lets," writes throve, N. Y. and do not gi ant effect. .plensanlost medi- r indigestion and mbrrlain's Tab F, Craig, Middle J'heylwork like a charm leave any unplcns- Water -Bottle J (Jitart to. .".") (loldi'ii Uttl, Wlarever. One Year liuaraiitee Spinal 98c L&LDRUGSQ. "Try the Pino Slor riisia 0 O o npuir and lW t.f t i We nmke a speNwUy of tlie repair of fine watches, cloeks and Jewelry. When you leaw your woUc with us wn return it to you with the guarantee that it is jus ponxl as when iVleft the faetlry that made the article. elver work promptly and at a reason- We are prepared to r ahle charge. You have our guaratfe li.sliwiciit. Our tfbigi raw i Imsiness 'itiS li.iVc brru (atisfnt'tory. , very pifee of work dono in our estab- ity .rovfs that our htw- deal Snodgrass II and Zimmerman L-iri Paare & Son lOtablislicd t Funeral Service Par lor, Licenced Embal mer, Ambulance Ser vice. Day Phone ) ! Ma-iu G2. 1 ---f,np Phone, Jfain 1V15 Fourth St. 1 Cn,le, Otpdiiu 0 o o o J.a Granle's Leading Jc et?r Jiij tljrtoatoffis T7D O r.. o O0 JV 'I . ...