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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Nov. 26, 1917)
INTERNAL REVENUE STAMPS RETURNING TO IKF nFHFWIRFR 1 War Stamp Tax, Effective First of Next Month, Cov ers Variety of Transactions PARCEL POST AFFECTED All Parcel i on WWea Pottage Exeeeie St Centi Mitt Bear 1 Cent Stamp for Each Additional tie Pottage. cents per pack U Imposed on playing j cards, awhile every parcel post package I sent from one part of the United States to Another, the I postage upon which amounts to 25 cents or more most pay one cent lor each 25 cents of Dostaee. or fractional part thereof, the postage to be paid by the person who mails the package. It. is : also provided that no parcel post package will be forwarded until the tax stamp has been affixed to It, If needed. j Incidentally it! is a misdemeanor to make or receive, sign or accept an in strument or document without the tax lirst having been paid ; or to ship a parcel post, package without the tax; or to deal in playing cards in any capac ity from the manufacturer to the re tailer without fixing the tax in the package ; or to use a stamp without cancelling It. The penalty is a fine of not more than ,1100 for each offense. There are also Other penalties provided which run as high as $1000 for violation of the various sections of the law. All the fellows who have had 19lf Internal revenue stamps kicking about In more or less forgotten pigeonholes of their desks for the last three years or mo would better get tham out and dust them off before December 1 if they want to Hooverlze on disbursements. That Is the date Uncle Sam is going to require us to lick .the gum arable off the multicolored squares and pun gle up for war stamp taxes every time we sign a note, deliver a deed, execute a bond or do any number of acts and things set in the recent war revenue act. The chief est cheerfulness about the transaction is the announcement from the office of Collector of Internal Rev enue Miller to the effect that internal revenue stamps of the issue of 1914 will come back into their own, if any one has them on hand. The collector also announces that he has a nice new stock of 1917 stamps ; ranging in value from 1 cent to $30 : already on hand. while he hopes to be able to furnish them up te $500 a little later on. The revenue act provides that the war stamp tax shall be effective "on and after the first day of December, 1917.' It provides that a 5 cent revenue stamp shall be affixed to every bond, deben ture, or certificate of indebtedness of the face value of $100 or fraction there of. Issued on or after December 1. It further provides that' any renewal shall be taxed as a new Issue, and also that when a bond conditioned for the re payment or payment of money is given in a penal Bum greater than the debt secured, the tax shall be based upon the amount secured. ladenaltv Bondi Subject to Tax The act also provides that all in demnity bonds, bonds for the due ex ecution or performance of a contract, or the duties of any office, or to account for money received, or of any descrip tion, except those required In legal pro ceedings, shall bear a stamp tax of 50 cents upon execution. The proviso is added, however, that wherever a pre mium is charged for the execution of any bond the tax shall be fixed at the rate of 1 per cent for each dollar of premium charged, or fractional part ; thereof. Policies of reinsurance are ex empted from the tax. Capital stock of any association, company or corporation. Is taxed 5 cents upon each certificate of $100 value or fractional part thereof for each orig inal IhjuiuA- whAthAr llrtfin nrcrnnisAtlrm or reorganization. The additional pro vision is made that where capital stock is issued without face value the tax shall be 5 cents per share, unless the ac tual value Is in excess of $100 per share, in which case it shall be 6 cents upon each $100 of actual value or fractional part thereof. The law also specifi cally directs that the stamps shall be affixed to the stock books and not to the stock certificates. Any holder of capital stock who sells the same, or agrees to sell, or Issues a memorandum -of sale, or delivery or transfer of legal title thereon, must pay a tax of 2 cents on each $100 of face value or fraction thereof. If the stock has no par value, the tax is 2 cents per share, unless the actual value is $100 per share or more, in which case the tax would be 2 cents fo reach $100 or fraction. This tax covers every transaction, whether shown by the books of the company or by assignment in blank, or by delivery, or by any A.rlflA. a .Mama..- n. baIa I vuwi v.vuw vi. U luiuw v& Bug, Ofcllu irrespective of whether or not it en titles the holder, to the benefit of the stock. The tax does not apply, how - ever, to any agreement to deposit stock ; certificates as collateral security for money loaned, or to the deposit of stock certificates for the purpose where they are not actually sold. Neither does the tax apoly to deliv eries or transfers to a broKer for sale, nor upon deliveries nor transfers from a broker to a customer for whom and upon whose order the broker lias pur chased. To escape the tax In this case, however, it is required that the stock be accomTianied bv a. AArtiflnnfo Kattinir .' forth the facts. It is also set out that! In any sale where the evidence of the i transfer is shown only on the books of the company, then the tax stamp must be placed upon the books, when the change of ownership is by trans fer of the certificate the stamp must be placed on the certificate, or in case , of an agreement to selL or transfer by delivery of the certificate assigned j In blank, the seller is required to exe-! cute a bill of sale, upon which the tamp must be affixed. Tax oa Fatnrei , The law also requires any sale, agree ment of .sale of any products or merJ - chandise at any board of trade or ex change for future delivery to pay a tax . of 3 cents lor each $100 of value or frac . tlon thereof. In such cases the seller is , required to furnish a memorandum with the appropriate 8 tarn d affixed. This provision does not include the ordinary commercial merchandising in commod ities for cash and Immediate delivery, when made In good faith. The tax of 2 cents on each $100 or fractional part is also imposed on drafts or checks payable otherwise than on demand or at sight and for each re newal. , It is provided that in the case ' of I the Issuance of a deed, instrument or writing conveying land, when the con sideration exceeds 1100 and diMui tint exoeed $300. exclusive of the value of any lien or encumbrance, a tax bf 50 cents shall be paid, and that an addi tional 50 cents shall be paid for each additional $5(K) or fractional part The j tax does not cover mortgages, however, I Since the note which the mortgage 'would secure must bear a tax. j ".It is also provided that the entry of - i goods at the customs house shall bear a tax of 25 cents if the entry does not exceed $100 in value; of 60 cents for ' values between $100 and $500 and of $1 . for values in excess of $500. The withdrawal of any goods from a bonded , i warehouse costs 60 cents. ' Any ticket sold in the United States for passage by any boat to a port not .in the United States, Canada or Mexico , ml rat hur a tAX Hfsmn nt 1 1 it , V. A ticket does not exceed $20; -of $3 be- tween $30 and $60; of $5 for tickets costing more than $60. Any ticket cost i ing lass than $10 is exempt from the tax. ""V Proxler. Are Iselsded - "V, ' It will also cost 10 cents to hold a , proxy In any general corporation meet ' log, and 25 cents to hold a power of ' attornw. An additional tax of fire St. Andrew's Society Listens to Reports Reports of the year's work of th s Andrew's Society of Oregon, submitted at the annual meeting Wednesday night in the Oregon building, were of encour aging tone, despite adverse conditions. Treasurer Tom Burns reported that $500 had been invested In T,lhArtv hnn Plans were launched for a membership campaign. The election of officers resulted as follows t President, W. G. McPherson ; vloe-president, Tom Burns; treasurer, A. T. Matthew; secretary, Hugh I. Cameron; assistant secretary, A. T. Smith; chaplain. Rev. William Mc Leod. Corn Show! Prizes Anounced Salem, Or.,-Nov. 26. A long list of prizes has been announced for tho Marlon county fourth annual corn show, which will be held this year in the Murphy building, State and Commer cial streets, from December 10 to 15. The show is under the management of the agricultural department of tho Salem Commercial club. OREGON ACKRABBH SKINS TO FORM HATS FOR YORK MEN Manufacturer to Pay Eight Cents Apiece for the Pelts . Obtained From Animals. PROFIT IS SEEN IN PESTS' Bayers Promise to Tx0,60 SUu asd the Coatraet Is to Be Filled by Jaaaary 15, next. Half a million Oregon jackrabbit skins will be transformed lntb high class hats for men by New York manu facturers, according to a contract which R. A. Ward, agriculturist of Crook and Deschutes counties, has made with the manufacturers. Eight cents apiece will be paid for the skins by the manufac turers. In Crook and Harney counties a bounty of five cents is paid. : One man without particular skill- has found it possible to skin eight rabbits an hour during an eight hour day. Mr. Ward was in Portland Saturday. He wants the people in the rabbit-infested districts to know that the pest which has been destroying $1,000,000 of alfalfa, range and other farm feeds can be sold at a profit while being elimin ated as a destroyer. The Journal has arranged to quote the price of rabbit skins on its market page as a measure of cooperation. "The felt manufacturers have agreed to buy 600,000 skins or such number less than the maximum that we are able to supply," said Mr. Ward. "We have now less than 500 skins on hand. The contract la to be filled by January 15. Much work must be done during the - Interval The skins are to be dried flat, not cased. Poison should be used rather than drives' or guns. Ten cents worth of strychine on alfalfa leaves and placed on clear cold nights when rabbits are hungry will be worth a whole winter's drives or shooting. Those who want to know farther -particular should address me promptly at Redmond, Or. "In two years in Crook and Deschutes counties we have kUled by poison 125,000 rabbits. In 1915 the losses were $86,000, in 1916 less than $10,000. If we bad not killed so many it would be easier now to fill the order from the felt hat manu facturers." The project of manufacturing hats from rabbit fur was first taken up by Congressman N. J. Slnnott and by him turned over to Mr. wara. Officials of Union Pacific Entertained North Taflma, Wash.. Nov. 26. Sixty officials of the Union Pacific system made a tour of Yakima valley Friday, and in the evening were guests of the Commercial club at a smoker at the club rooms here. One hundred business men of the city met the visitors at the club, and in an informal program 'the questions of increased production and better transportation were discussed. N THE PRICE CUTTER Frank JL. Smith at 228 Alder Street j Says the best steaks In his house will ! not cost you more than 15c a pound. His 'other meats cost as follows: i Tenderloin stk., 15c T-bone steak, 15c Sirloin steak, 15c. Kound steaK, ioc. Porterhouse, 16c Sausage meat, 15c Hamburg steak, 15c Hearts, 12Vbc Pot roast beef, 12aBreast veal, 12c Corned beef, 12 He Roast veal, 15c. Soup meat, 10c Necks of beef, 10c Veal stew, 10c Soup bones, 5c Rump roasts, 15c Boiling beer, loc Plate beef, 10c Beef stew, 10c Liver, 10c. Buy your winter potatoes at Frank L. Smith's, 11.76 Dig sacs.. aov. Tomorrow A Phenomenal Sale of Laces and Embroideries ;Y7 V. or 3? aw Laces 5c-. 10c The Greatest Sale Yet! When we My that this Is ''the greatest sale yet" we mean the g reatest In quantity, the greatest In variety, the best In qual ity and the greatest In savings to yon. And we are stating it mildly when we say that there are 15,000 yards Included in this sale, for there is even MORE than this vast amount. In r some Instances qualities and patterns are not to fre had today at any price some have doubled In value since Imports have been cut off by the war. All are machine made, but in many cases the imitation is so like the real that only an expert would be able to detect it. Venise, Cluny, Point Gauze, Milan, Flemish, Mechlin, Brussels, etc., in widths that range from V to 4 Inches. Truly wonderful bargains tomorrow at, yard, 5 c and 10c ' lint V te..Xl IMP. 1 M lllf I. Jv M X AH mm. To $ 1.50 Embroideries 39c One of the timeliest sales of embroideries w e have ever offered at this low price. Included in this disposal are about 3000 yards of importer's samples and odd pieces. 27 and 45-inch 'widths in white and colors. Desirable flouncings on Swiss, Batiste, Voile, etc. Extreme npv- felties in fancy colored combinations. Not a ya rd in the entire lot worth less than 75c the Values range from this figure up to $1.50. Special Sale Women's Coats and Dresses Values to $10 J00 in Wonderful Values in Goats at $(S.95 Women's dresses of serge and silk mixed poplins. Made with large j collars of colored satin or of self material. Waists ire trimmed in fapcy braid ing and finished with fancy buttons. Skirts are plain or pleated. Colors include navy, brown, black, green. A broken line of sizes. Values to $10 in this sale tomorrow at $6.95. ! -w v A e we nave just received a new1 lot of women's coats of domestic velours. Large square collars. Trimmed in seal plush. Belted styles. With side pockets. The col ors include green, brown, navy and Burgundy. The material in these coats is heavy enough not to require lining. All sizes. A finely serviceable garment tomor row at $12.45. Chare ePiir chases J'OMORROW and balance - of month will go on the December accounts Payable Jan. 1 rpHANKSGlVING wUbe - ' here Thursday, We are ready NOW to supply all your Thanksgiving needs. Complete . stocks of all wanted things at lowest prices. Do your Thanks giving shopping at The Quality Store, r A M buster- Sale of S HIRT Opens at Meier & Frank's Tomorrow Beginning at 9 A. M. f(J CV2& mm m , m -T. m w it m ri e n rn .-v a m a m e -e fc e. - EM H : II ' u 77 T f II W W IP II f II 1 0 j&f llh HURRY -It M ' tth I fi 2 ' J 1 BIB ft li I n It h'fop li M I I r, e 'tis a Qii(T Hi tt Hi : M; III I LyC I m I i a,ace r Ton, n Mil III 8 I ner- -WS,M s,?t?a Hke m&ac '"eAe & ifjfff WaU Paper, 5c-15c Yd. Papers suitable for covering gift boxes, hat boxes, waste raoer bas- kets, etc. A large assortment of pleasing high-colored patterns to select from. Excellent values at, yard 5c to 15c Wall Paper Shop. 7th Floor. Many Other Good Bargains Tomorrow The qualttV 5torb or PoktlaXo - nwtau As a Family Gift What Can Surpass the SNewEdison "The Phonograph With a Sour It is like a permanent pass to all the operas, all the concerts, all the best music of the world. It does ac tually add iomething real and vital to life. It "Re-creates" music. Buy Now at the Old Prices The list of the various Edison models will be advanced on January l. By purchasing' now you can enjoy the favorable, long-established prices with 6nly a nominal sum added as war tax. It will be well for you to make selection now while our stocks are complete. The proof of the new Edison is in the hearing we shall gladly play.lt for yon .at any tlmeC . Easy PayrnenU Phonograph. Shop, Sixth Ploor. The Following Demonstrations in Our Housewares Section Continue Tuesday Fan ious"Lisk"Roasters ' Tuesday and Wednesday are tbe last two days of pur demonstra tion of the well knnwn I Ulr If. basting enameled roasters. The usic win roast meals as well as turkeys. It is particularly easy to keep clean. We carry a full line of these good roasters in all sizes. Moderately priced from 2.50 to 4.75.' Wear-Ever Demonstration Our practical demonstration of Wear-Ever cooking utensils ny a lactory expert continues( tomorrow. Wear-Ever Is made from hard thick sheet alumi num in one piece. It will not easily chip or dent. Wear Ever is non-rusting, easy to' keep nclean, sanitary, durable, economical. The Wear-Ever 2-quart lipped sauce pan, as Illustrated, Js regu' larly priced at 1.1 special at only 69c Open Stock Dinner Sets ' Scores of desirable open stock patterns to select from. Our entire fine stocks are marked at 10 off our regular lower-than-elsewhere prices. Here is a good opportunity to secure a new dinner set at special price or to fill In any pieces broken or missing from your old set. Entire Stock of CutiGlass 1-5 Off ! :.; We carry" a large assortment of high-grade' cat glass and tomorrow sod Wednesday you may select any piece or pieces In oar entire stock at discoant of 20 X . r" Hurwar Section Basement. J-