Friday, March 14, 1919
tAGfc EIGHt
THIS TELLS HOW TO
Part Big Packers
Paid in War Time
'ASHLAND TIDINGS
2
J;' V:- ; ' 1
"Bcarls ol toe World" Vlntafl Theatre Next Week.
Tie last important "kerosene sta
tion" on the San Joaquin Division
ot the Southern Pacific ha passed
forever with the installation of elec
tric light t the little town of Mo-Jave-.
No station on this long di
vision is now without modern llluml
ration.
Woodburn is to have a $16,000
cannery.
Monmouth W. H, Day will oper
ate flouring mill southwest of here.
Baker 200 acres grain and mead,
ow land sold at $190 per acre.
Lebanon Linn county to get 12
miles paving this year.
3.
fi.
t.
I 3.
tliarter So. 577 Revenue District No. 12.
REPORT OF THK (X)MHTION OP THE
First National Bank
AT ASHLAND, OREGON,
At the Clotte of lluslnNi on Muriel 4, 101".
RESOURCES
"STU".1 .:::::::::::;::: '
Overdraft, unsecured
V, 8. IWmda (other than Liberty Bonds, but including
V. S. certificates of indebtedness):
a. V. s: bonds deposited to secure circulation
(par value) $1010,000.00
b. U. S. bonds and certificates of Indebtedness
pledged to secure U. S. deposits (par
value) 1,000.00
t. U. S. bonds and certificates of Indebted-
ness owned and unpledged 6u.000.00 166,000.00
liberty Loan IWinds:
a. Liberty Loan Bonds, 3V4, 4, and 4 per
cent, unpledged 9,900.00
C. Liberty Loan Bonds, 4, and 4 per
cent, pledged to secure postal savings
deposits 6,000.00
d. Liberty Loan Bonds, 3. 4, and 4 per
cent, pledged to secure State or other
deposits 10,000,00 24,900.00
Ttonds, securities, etc (other than U. S.): .
b. Bonds (other than U. 3. bonds) pledged to
secure postal savings deposits 13,000.00
c, Bonds and securities pledged as collateral
for State, or other deposits (postal ex-
eluded) 29.250.00
C Securities other than U. S. bonds (not in
cluding stocks) owned unpledged ... 116,474.46
10
11.
'13.
13.
15.
16.
38.
19.
20.
-22.
24.
"25.
'26.
27.
30.
34.
36.
37.
Sf.
Total bonds, securities, etc.. other than U. S 168,724.46
Stock of Federal ReRnrve Bank (50 ner cent of sub-
BfrrlnHonl 3,600.00
Value of banking house, owned and unincumbered 15,000.00
Furniture and fixtures B,0S2-??.
Real estate owned other than banking house .V 10,090.00
Lawful reserve with Federal Reserve Bank 41,224. SI
Cash In vault and net amounts due from national banks 78,476.91
Net amount rinn from hanks, hanker, and trust com
panies other than included in Items 13. 14 or 15 2,028.03
Cherku on othnr hnnka tn the aamn cltv or town as re
porting bank (other thnn Item 17) 1,348.61
Total of Items 14, 15. 16, 17. and 18. . 81.853.68
Checks on banks located oiiIhIiIa of cltv or town of re
porting bank and other cash items 32S.17
Redemption fund with U. S. Treasurer and due from
U. S. Treasurer 5,000.00
Interest earned but not collected annroxlmate on Notes
and Bills Receivable not past due 4,212.08
W ar Savlnes I'ertif cates and Thr ft Stamns actually owned o.o
TOTAL $8:i8.iC3.
LIABILITIES
Capital stock paid In , $100,000.00
Surplus fund 20,000.00
a. Undivided profits $25,410.81
b. Less current expenses. Interest and taxes
puld 3.490.30 21.020.1 54
Interest and discount collected or credited, in advance
of maturity and not earned (approximate) 1,556.00
Circulating notes outstanding 99,995.00
i-ertmea ciiecKs outstandlns s.tius.i.
Total of Items 32. 33. 34 and 35 8.608.62
Demand depmlta (other than bank lcKHiU) subject to
Itowrve (denoslt navahle within 30 davsl:
Individual deposits subject to check 348,116.20
Certificates of deposit due In less than 30 days (other
than for money borrowed) ................. 27,769.54
Biate, county, or other munlcinal deposits secured by "
- ... pledge of assets of this bank 40,909.30
lotai or demand deposits (other than bank deposits) sub
ject to Reserve, Items 36, 37, 38, 39,
40, and 41 416,795.04
Time dopoHlu subject to IlcM-rve (payable after 30 days,
or subject to 30 day or more notice, and postal
savings) :
Certificates of deposit (other than for money
borrowed) .'rV.'.Y. .' 61,094.70
Postal savings deposits 4...... 9,630.86
Other time deposits '. . . . . . . .... . . . 97,962.09
Total of time deposits subject to Reserve,
Items 42, 43, 44, and 45 168.687.65
Vnlted State dpltN (other than postal savings):
c, umer united States denosits. Including de
posits of U. S. dlnburslnir officers .... 1,000.00 1.000.0
total $83s,63.7"
Of the total loans and discounts shown above, the amount on
which interest and discount was charged at rates In ex- w
cess of those permitted hy law (Sec. 5197 Rev. Stat.)
' , lexcluslve of notes upon which total charge not to exceed
60 cepts was made, was none. The number of such loans .
was none.
42.
44.
'46.
46.
. FIGURE INCOME TAX
Squarely Up; to Every Individual
.; to Get Basy by Mrch 15 .
or Suffer Penalty.
. .. J! " i
b
"Don't wait until the final due date,
March 15, for puylng your Income Tax
and making your return. Avoid the
last minute runh. Any person can fig
ure out his liability today as well as he
can next week, and jf there.. Is any
point on which he needs advice' lie can
now get In touch with a Revenue man."
llils word of udvlce Is being given
out by the Internal Revenue men who
are collecting the Income(Tnx in this
state. Every aid and assistance Is
being given freely to the public En
larged field forces are helping the peo
ple In every way possible to get their
payments and their returns In by
March fifteenth.
But the Income Tax men will not
pull your door-bell or your coat-tails,
according to the Collector's announce
ment. It Is squarely up to.cvery Indi
vidual to figure out his own case and
to get busy if he comes .within the
scope of the new Revenue liiw.
Did You Earn This Much?
Every unmarried person who re
ceived Income averaging $19.25 a week
during 1918 and every married couple
who Jointly received income averaging
$38.50 a week should secure at once
from the nearest Deputy Collector or
the nearest bank blank Form 1040 A.
That form contains the information be
will need to enable him to figure his
correct net Income and any tnx that he
owes the government.. . .
The law requires that every unmar
ried person who bad a net Income of
$1,000 or over and every married per
son whose net Income was $2,000 or
over (Including the income of husband
or wife and the earnings of minor
children, if any) must make a return
on or before March 13th. . And this re
quirement does not hinge on whether
the person owes a tax.
Taxable Income.
An Individual must Include under
gross Income all gains, profits and in
come derived from salaries, wages or
compensation for personal service of
whatever kind and In whatever form
paid or from professions, vocations,
business, sales or dealings In property
of all kinds. Interest, rent, dividends
or profits derived fromr.sny source
whatever. Very few items of Income
are exempt. . :.
Deductions Include ordinary aud nec
essary business expenses Interest paid
or accrued on Indebtedness, taxes of
all kinds except Federal Income and
excels profits; taxes and sfet-sments
for local benefits, losses actually sus
tained, debta ascertained to; be worth
less and depredation. on buildings, ma
chinery, fixtures, etc., used in business.
A further deduction Is allowed for con
tributions to corporations operated for
religious, charitable, scientific or edu
cational purposes or for the. prevention
of cruelty to children or animals- to an
amount not exceeding 15 per cent of
the taxpayer's net Income as-computed
without the benefit of the contribution
deduction. - i
The taxpayer Is not allowed to de
duct any personal, living or family ei-
pense, any amount spent for improving
property or any expense of restoring
property or making good its exhaus
tion for which an allowance is clairoeu
under depreciation.
- . . Figuring the Tax,
Before figuring the normal tax the.
dividends are deducted as credits from
uet income, together with the personal
exemption. As In previous yeurs, divi
dends of domestic corporations are ex
empt from normal tax when received
by the stockholder.
The . normal tnx rates for cltltens
mid residents are as follows: On the
first $4,000 of net Income In excess of
the credits the rate Is 0 per cent; on
tiny further taxable Income the rate Is
1J per cent.
The surtnx rates apply to net ln
come of each individual in excess of
$5,000. The personal exemption and
the dividends are not deductible before
computing surtax. In the case of re
turns by husband and wife, the net in
tome of each is considered separately
In computing any surtax that may be
due. Form 1040 should be used for
making returns of net income exceed'
lug $5,000, and the instructions on that
form will show how to figure the sur-
ttix.
Business House Returns.
Kmployers and others who paid
wages, salaries, rents, Interest or sim
ilar determinable gains In an amount
of $1,000 or over during 1!I18 to any
person must file an Information return
with the Government. Blanks may be
secured from the Collector.
Every partnership must file a return
showing Its Income and deductions and
the name and address of each partner,
with his share of the profits or losses
during the past year. Personal service
corporations will file similar Informa
tion for 1918.
' 'Atoew. Idea of ; tb great part
played by America in feeding the al
lied forces in Europe Is given In the
1919 ' Year ' Book of Swift & Com
pany which' has just been Issued.
In 1918 these products shipped
abroad totaled 590,359,769 pounds
more than three times the amount
shipped In 1914, the first year of the
war. The pork product shipments
totaled 1,691,454,529 pounds as
against 921,913,029 In 1914 an In
crease of 83 per cent.
During the year ending f.'overaitcr
1, 1918, Swift & Company alone ship
ped 760,000,000 pounds of meat urn!
meat products to the American array
and navy at home and abroad and to
the allied nations for their armies
and civilian populations. . The Year
Book says: "This amounts to about
25,000 carloads of meat, which would
make a single train 200 miles long."
' Some of the difficulties encounter
ed in shipping are shown In the fal
lowing: "The meat . for Europe has gone in
fleets of vessels under convoy, and
the Food Administration has often
been unable to know very far in ad
vance when cargo space would be
available. For this reason Sv.lft ft
Company has frequently been. noti
fied that a certain number of mil
lions of pounds would be wanted at
a certain port within a few day 3.
Swift & Company has often had Ulp.
meats on the way to the eaoard
within a few hours after the criers
have been received, and believe that
It has met with sign?.! tucces .'n the
filling of such rush order.!.
"The packing Industry was able
to adapt itself to wartime demrmts
perhaps more quickly than any other
industry. ' If this industry bad not
been organized on a large scale along
national, and even International line
It would never . have been able to
answer all demands as promptly as
It has. War demands have, of
course, caused many changes In meth
ods and have made it necessary for
us to increase our facilities In many
respects.
"For example, when the United
States entered the war, there devel
oped a demand for canned bacon for
shipment to our soldiers overseas.
Swift & Company immediately took
over' a . semi-completed soap factory
and within thirty days had Installed
the necessary machinery andwas fill
ing Government contracts. More than
W ; ..
INCOME TAX PAY8
FOR PUBLIC BENEFITS.
STATE OF ORKGOX. County of Jackson, ss.
I. 3. W. McCoy, Cashier of the above-named bank,' do solemnly swear
' that the above statement is true to lite best of my knowledge and belief.
: J . W. McCOT. cashier.
Subscribed and sworn to before me this 12th day of March, 1919
V " ' . ."5 HAKBL .POWELL, Notary Public.
' '" My commission expires January 5, 1923
CORRECT Attest: , .: " " "
.. V. H. McNAIR,
C. H. VAUPEL,
.'-; ' TIIOS. H. SIMPSON.
j; ; - . . ...Directors. . .:.:y. v: ;
JLS'tf '
"Viewed In Its largest snd tru
est sense, the payment of taxes
Is payment, for benefits received
Of expected. Only from a nar
row and essentially selfish and
shortsighted viewpoint canine
Individual , propose to himself
the evasion of lax liability as a
desirable cvursq-.nf nctuti." 'w
Everybody wants to be ' r
dressed up Ihls- year
I ' 1 '
The boys are home or coming' home
All This Week
Big display ol the Season's Newest
Styles in Suits, Coats, Capes
Dolmans, Skirts, Blouses
Petticoats, Dresses
On Savings Recounts
.
Interest
A Dollar Starts an Account.
STATE BANK OF ASHLAND.
a minion pounds oi uacon a ween
have often been canned in this fac
tory. This means that our soldiers
have been getting fine, cured, amok
ed bacon, whereas the Allies have
been demanding only salt, unsmoked
bacon, which does not have to bd
canned.
"Another example showing thtoco.
operation that we have offered the
Government was when the Govern
ment found it necessary to have large
quantities, which it had bought for
owyseaf shipment, put -Into cans
Swift & Company, alone among the
big butter handlers of the country,
was willing to Install the necessary
equipment, and In the course of three
weeks, under the most unfavorable
circumstances, began canning butter
for the Government. Up to the time
this Year Book goes to press, we
haw nut up some three million
pounds of butter owned by the Gov
ernment and also two million pounds
which we have gathered for the Gov
ernment, making a total of five tail
lion pounds of butter that have been
put up In tins."
Douglas is Assured
25 r.Iiles of Paving
County ' Judge R. W. Marsters,
who spent Monday la Salem confer
ringf , with State. Highway . Engineer
N'unn regarding the paving program
for the' Pacific Highway In this coun
ty. returned to this City Monday
nlfcjit, says the Roseburg Review. Ac
cording to Mr. Marsters, tho: High
way Commission, will pave 25 miles
of jtheT Pacific Highway In .Douglas
couWy this year arid that . actual
work will commence, It Is believed,
just as soon as weather conditions
are favorable. The present plan is
to hard surface the Roberts Moun
tain cut-off from a point near w'ins
tons to Myrtle Creek, a distance of
approximately 12 miles, and also the
strip of the Pacific Highway between
Oakland and Yoncalla, a like dis
tance. These portions of the high
way were graded last year and It Is
thought probable that other portions
being graded and others that are
soon to be, will also be treated to a
coat of paving just as soon as the
work can be accomplished. It is r.
known fact that the Stage Coacli
Pass cut-off, near Glendale, was
first to be macadamized under the
tentative plan, but Instead of laying
this sort of a 'surface this year and
then eventually paving later on, to
conform with the paving program, it
is thought best to pave this Btrlp at
this time and thus an unnecessary
expense is saved.
ance thereof, within five days after;
notification of acceptance of bid.
The successful bidder Is require!
to furnish said School District ap
proved bond for a faithful perfor
mance of the contract or bid so ac
cepted, in an amount of not less than
$500.00.
All bids should be addressed to
the Clerk of School District No. '5,
Jackson County, Oregon, and mark
ed "Bid to Furnish Wood." '
The Board reserves the right to
reject any or all bids.
' By order of the Board of Direc
tors. H. P. POHLAND,
Clerk of School District No. 5: Jack
son County, Oregon.
Ashland, Ore., March 12, 1919.
12-2W
Classified Advertisements
TOO LATE TO CLASSIFY
Portland $36,000 pledged to
btart building Grace memorial
church.
Harrlsiburf: Hay sdUing at $26
per ton here f. o. b. car.
NOTICE TO WOOD CONTRACTORS
Sealed bids will be received by
School District No. 5, Jackson Coun
ty, Oregon, until 6 p. m, March 24,
1919, for 160 cords of good, solid fir
wood, cut from green trees.
Wood must be in four-foot lengths
of not more than ten Inches nor less
than four inches in diameter.
Wood to be delivered and piled at
the Junior High School building and
the Howthorne building, and a small
portion at the High School building,
In Ashland, Oregon, and at a time
tot later than September 15, 1919.
. Measurements of the wood to be
made by the School Board, or by the
Sealer of Weights and Measures for
Jackson County, Oregon.
Each bid must be accompanied by
a certified check for $25.00, payable
to School District No. 5, Jackson
County, Oregon, which check will be
forfeited to the said School District
as liquidated damages In case the
successful bidder shall fall to exe
cute a contract and furnish an ap
proved bond for a falthmull perform-
EORD CAR FOR SALE Almost new
1918 model for $450; half cash,
balance bankable note. S. P.
Shutt, 446 Allison St., Ashland.
12-2t
WANTED TO RENT By May 1st.
Several acres suitable for chick
ens and garden truck. Must have
house preferably furnished. Two
or three miles from High school.
Would like old place with fruit,
etc., even If In bad repair. Stat
particulars and terms. Address
Mrs: 0. M. Mitchell.
548 Sixty-first St. '.
12-2t Oakland, Calif.
Just Think!
Nearly everything that a man can
lose in this world has Increased vast
ly in price, while Insurance Itself,
protecting him against these losses, ,
has hardly increased at all.
What would It cost you to repair
and refurnish your house If dam
aged by fire?
If your home Is worth having, lt'3
worth Insuring. .
Do you know how little It will
cost to protect you from that loss
BILLINGS AGENCY
All kinds of good Insurance Fire,
Life, Accident and Health, Au
mobile. Livestock, Plate
Glass, etc.
11 East Main Phone 211
V.
You Will Not Be Caught
Unprepared
by tht unxtctl arrival
of guest, ii you kvt on
hind tn sMortmtnt oi our
ennd good.
We lisve in vrity
etnnsJ, Jtviled and totted
meats; soups of mtoy kindtt
fruits, jams and jalliat in
fact, almost anything you
would wish for evtry oooa
sion. Thtra will b no naad to
aboloOHM for th alaanee
of dantinaas and palatal!
THE.EVER
a
'' parad from eannad goods purckaaed hara.
in tha quick raady maal, when pre
Siagly.ar la qaaatlty, aava aaaaar aa4 warry fcf kaviaf akaaaV
a varlatr r aar aaaaa gai.
Dati'lel C. Itopfn) ('onmilsijtyner.
one
oi juieniii neve-lie. .
s
tttttJL