PACE 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 . ...