The Coquille Valley sentinel., July 25, 1930, Page 4, Image 4

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H A. YOUNG aad M. D. GRIMES
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News Fro« State Capital
A number of recently fled ctaims
for gasoline tax »efunds «re being
held up by Secretary of State Hou
pending an investigation into their
seaaonabtoneds.
Al) of those cover
large purchases. ringing from 1000
gallons to a« high as 5000 gallon« of
gasoline purchased during the price
war at prieea ns low at 7% cento a
gallon. ruins
Filing ef the v claims
ganon.
—..... for re-
fumj of
gute ¡ax On these pur-
chases so soon after the purchases
were made aroused the suspicion of
the secretary of state that the tax
refund privilege was being abused.
The law covering the refund of the
state tax on gasoline purchases, Hoss
points out, contemplates that the re­
fund is to be made after the gasoline
has been consumed so that there can
he no question as to the use to which
the gasoline was put- The refund ap-
viies only to gasoline which is used
n tractors, stationary engines, motor
boats .or other engines which do not
operate ever public highways. Many
farmers, Hpss declares, are apparent­
ly of the opinion that their status as
I farmer alone entitles them to a
nt-fqnd on their gasoline purchases.
Such, however, is not the case. Karm­
an are enquired to pay the tax on all
pasolind'used in their automobiles and
trucks the same as any other person
operating a motor vehicle upon the
highways. Hoss does not charge that
there has been any attempt to de­
fraud the state in presenting these
tlaims for tax refund, but rather that
the claims were filed because of ig­
norance of the law covering the sub­
ject.
STATE TAX
AND
BANKERS IN ACCORD
Months of Negotiation Lead to
Agreement on Changes Broad­
ening Method of Stale or Local
Taxation of National Banks.
FMDAY, JULY *» WM.
R eliability
E conomy
od P erformance
NEW YORK.—Monti's of conference
and negotiation between an Americas
Banker« Association special committee
and the Committee of the Auociattoa
Advertising Rates
of State« on Bank Taxation have re­
Display advertising, 25 cents per
sulted In an agreement on a form at
inch- fess than 5 inches, 80 cento pet
amendment to the Federal statute
inch. No advertisement inserted for
dealing with state or local taxation at
leas than 50 cento. R a dings notices
10 cents per line. No reading notice,
national banks that "maintains the in­
or advertisement -of any k.nd, insert­
tegrity of the protective principles of
ed for fess than 25 cents.
the section and is satisfactory to ths
commissioners* committee,” «ay« the
Entered at the Coquille Poe toffice a:
American Bankers Association Journal.
Second Class Mail Matter.
Thomas B. Paton, the organization’s
General Counsel, in making the an­
Office Corner W. First and Willard St
nouncement say« that previously pro­
posed amendments to the statute,
which is known as Section 521», have
TEACHER8* PAY NOW AND
been opposed when it was felt their
*
FORTY YEARS AGC
terma would enable any state to place
' - Dora, Ore., July 21, 1980
banks In a tax claas by themselves.
Editor Coquille Sentinel: I note
"The law as It stands today,” Mr.
Paton says, "permits state or local
the clippings in your paper taken
taxation of national banks or their
forty years ago. It states at that
shareholders in one or the other of
time, there were 2602 school children
the four following forms: the share­
and in 1929 there were 8605 children,
holders upon their shares,—a prop­
whieh means 42.65 as the average
erty tax; the shareholders upon their
■ number of pupils to one teacher forty
dividends,—a personal income tax:
aream ago and in 1929 the average was
the bank upon its net Income; the
27.58 pupils to one teacher.
Yoq
bank according to or measured by its
net Income Only one form of tax can
give wages paid forty years ago:
be Imposed, tacept that the dividend
men >41.22, women >88.86. Why not
tax may bo combined with the third or
give the average wages paid in 1929,
fourth form if other corporations aad
so your readers could know the differ­
shareholders are likewise taxed.
ence in costs of each pupil then and
"Tk« conditions permitted are: the
A fqree of 400 forest rangers are tax on shares mnst be at no greater
now?—A Reader.
now employed in protecting the tim­ rate than on other competing moneyed
After receiving the above communi­ bered areas of Oregon from the fire capital; the Income tax on sharehold­
cation, the Sentinel made inquiry at menace, according to Lynn Cronemil­ ers must be at no greater rate than
the county superintendent’s office and ler, state forester. Moot of those are on not Income from other moneyed
learned that for the 1929-30 school men of wide experience in forest work, capital; the tax on bank not income
YOU are buying proved performance
consumption, low yearly deprecia»
year, all districts in Coos county paid llthough a number of forestry stu- must bo at no higher rate than oa
other financial corporations nor the
a total of >810,975.61 to 247 women isnts are also employed during the
when
you
bny
a
Ford.
You
know
it
tion, and low coat of up-keep.
highest rates on mercantile and manu­
teachers for a nine months’ term, or fire season. It is expected that the
facturing corporations doing business
has
been
built
for
many
thousands
They have found, as you will find,
pnaoent fire patrol organisation will within the state; the tax measured by
an average of >139.78 per month.
Fifty-one men teachers in the coun, be augmented by the addition of an net bank income is subject to the
of miles of satisfactory, economical
that the Ford embodies every feature
ty, including superintendents and air patrol of at least two planes with­ same limitations as the tax on net
•ervice.
principals, receive >95,649.50, or an in the near future.
Income of the bank but may include
you want or need in a motor car at
entire net income from all sources.”
average of >208.38 per month.
Letters from users in every part
an unusually low price.
States Seek Broader Law
Those figures are quite different
Dr. W. H. Lytle, state veterinarian,
National banks and their sharehold­
from the ones given by Wrs. Mulkey, reports that stockmen are already ex­
of the world show the value of
as prevailing 40 yean ago, and there periencing a serious water shortage ers are taxed in different states under
the sound design of the car, good
are many reasons for it.
Ono is that on the ranges of central and eastern a diversity of systems, he says. The
U. 8. Supreme Court has held that the
teachers were very poorly paid at that Oregon. Many stockmen are finding
materials and accuracy in manu­
low millage rate on intangible person­
time and that they did not spend the ¡1 necessary to haul water to relieve al property is in violation of the pres­
facturing. You sense a feeling of
time and money in preparing them­ the situation.;’i*Eps#r |
ent law where it results In national
selves to teach that is required in the
bank shares being taxed at a rate
sincere pride in the oft-repeated*
present age.
Forty-seven percent of Oregon’s to­ greater than that assessed upon com­
Another reason is that living condi­ tal area of 96,669 square miles to peting moneyed capital. A number of
phrase—“Let me tell yon what my
tions were not on as high a plane thee which title still reposes either in the etatea, unwilling to use the income
new
Ford <Ud.n
methods
permitted,
had
the
alterna
­
as now, nor was the coot of living in federal or state government, goes un-
tive
of
either
repealing
the
intangible
1890 anywhere near as high as now. taxed, according to a report of the
Further tribute to the sturdiness,
tax laws or limiting taxation of na­
Automobiles, radios, electric appli­ state tax commission.
Of thio un- tional bank shares at the intangible
reliability and general all-round per­
ances, have all added to the comfort taxed area approximately 14,468,411 rate. Therefore they sought a broad­
of living, as well as to the cost. Ar acres are federal timber lands and ening of the permissive provisions.
formance of the new Ford is shown
has been remarked before, it isn't so 661,594 acres are state owned school
Also, Mr. Paton points out. a Su­
much the high cost of living ao the lands. Except for 25 per cent of the preme Court decision held a state’s
in the repeated and growing pur­
cost of high living whieh puts this gross receipts from rentals of the excise tax on corporations invalid
chases by government bureaus, by
century on a different plane from the federal lands, amounting last year to whore it included income from Federal
aad locaHfovernment bonds in the ex­
last.
>265,000, the state receives no finan­
police departments, and by large
cise measure. This created doubt as
cial benefits from this vast area with­
to some state bank excise taxes.
industrial
companies which keep
R. A. Easton’s Weekly Letter in its domain.
"Conferences have been held to
reach some agreement which would
California has a pension law, which
careful day-by-day cost records. In
Textbooks for children in the grade protect the banks, satisfy the tax com­
takes care of people after they are 70
missioners and avoid a contest in Con­
most cases, the new Ford has been
yeari old, providing they are down to schools of Oregon last year coot an
A«K FAB A BBMBNSTBATIBN
gress,” Mr. Paton says. “From the
cases and nobody to take care of average of $1.06 per child while the
chosen
only
after
exhaustive
tests
standpoint
of
the
tax
authorities,
the
them. The state pension commission cost of books for students in high mala objectives have been an amend­
covering speed and power, safety,
is in control and investigates the ap­ schools of the state was >1.83, figures ment which would permit certain
plicants and rules as to their needs compiled by James M. Burgees, depu* states to retain their low rate tax upon
comfort, ease of control, oil and gas
ty state superintendent of public in­ intangibles and at the same time de­
for charity.
There is a proposition up in Oregon struction, show. These figures, how­ rive an adequate, but not excessive,
for a state pension law but I hope ever, cover only books included in the revenue from national bank sharee,
when Oregon passes a state pension regular state adoption list and do not aad aa amendment which would per
mlt certain states to tax corporations
•»
’ “ ’• s -v .. ■ i
law that it will not be a law for a take into account special books used
/
Burgess’ oa their aet Income, excluding income
special privileged ctasa but that it in a number of schools.
from
tax-exempta,
and
at
the
same
will be for everybody whether the figures show that in 1929 there were time derive the same revenue from
W?l" 1
lJ g^-l.l.l ....J. i|l Jff?»!JJg'L!!L ...
age limit of receiving benefits is placed 142,064 children enrolled in the-grade ths banks as heretofore. From the
schools
of
the
state
and
48,879
tn
the
at 65 or 70 yean.
For then the law
standpoint of the banks, it has been
which would fit everybody would not high schools. Sales of grade school deemed Imperative to maintain the
carry any stigma of charity about it books for 1929 numbered 210,128 re­ protective principles of Section 521».
The Changes Agrsed On
but would be on the basis of a service presenting a cost of >151,268.90 while
"In the proposed amendment the ex­
pension. Those who did not need the 58,148 high school books were sold at
isting provision permitting taxation of
pension could, if they chose to do ao, a cost of >82,602.10.
bank shares no higher than the rate
turn their money back into the pen­
“The trouble with me. and I guess
The state of Oregon owns and op­ upon competing moneyed capital has thia applies to 99 per cent of the men
sion fund.
been
modified
with
respect
to
certain
who
are putting on weight, I didn’t
Some members of the U. S. congress erates in its numerous departments, intangible tax states only by a provi­
have the energy or ‘pep’ to keep it off.
boards,
commissions
and
institutions,
who were fast to vote pensions for the
sion under which, Instead of the Lost all interest in any healthy ac­
Spanish War veterans, not on the a fleet of more than 800 motor vehi­ moneyed capital limitation, the rate tivity and just lazed around accumu­
merits of need or service and even cle», representing an investment in ehall not be greater than the rate upon lating the old pounds until I got tha
This fleet in­ the shares of other financial corpora­ Kruschen feeling.’ ”
carried it ¿ver President Hoover’s excess of >800,000.
We can do any kind of Blacksmith or Machine
Start
taking Kruschen Salta—
veto, were probably not governed by cludes 317 trucks, 415 automobiles tions, nor upon the net assets of Indi­ that’s the common-sense way to re­
Work, big or small.
the needs of the spplicanta as much as and 29 motorcycles. Coot of operat­ viduals, partnerships or arfibclations duce—but don t tal.e them with the
employed la the banking, loan or in­ idea that they pomes* reducing qual­
they desired to prepare their political ing this fleet of motor vehicles is es­
timated at approximately >500,000 a vestment business, nor higher than ities in themselves.
A complete line of Hardwood and Steel
ground to produce votes.
This is what they do—they clean
the rate assessed upon mercantile,
It was the same with the U. S. sen­ year. Fully two-thirds of the state’s manufacturing and business corpora­ out the impurities in your blood by
keeping the bowels, kidneys sad liver
Edward* Wire Rope
ate when members of that body op­ motorised equipment are found in tions with head office tn the state.
posed Hoover’s veto of the pension the state highway department. Cost
"Also an added fifth alternative per­ in splendid working shape and fill you
with a vigor and tireless energy you'd
act supposed to benefit the soldiers of of operating state owned automobiles missive method, designated as a spe­ most forgotten had existed.
range
from
a
minimum
of
3.5
per
cific
tax,
permits
a
state.
In
place
of
the Greet War. It was not the needs
Phones 202 and 94-M
As a result instead of planting
of the ex-service men- which interested mile, established by the Bureau of an ad valorem tax on bank share 1, to yourself in an easy chair every free
them so much as their desire for the Labor to a maximum of 10 cents per add together total dividends paid the moment and letting flabby fat accum­
mile for some of the heavier type of preceding year and the Increase in ulate you feel an urge for activity
"soldier vote."
,capital, surplus and undivided profits, that keeps you moving around doing
The old age pension is not a pro­ can.
less additions to capital or surplus the things you’ve always wanted to
do and needed to do to keep you in
position on whieh politicians may
paid In by stockholders, and to divide
good condition.
The deepest oil well, located in the
trade or fatten. It h a straight ser­
this total by the nrmLvr of sb. res.
Then watch the pounds slide off!
vice pension proposition. The years Midway field of San Joaquin Valley. »The state may tax tee shares 1 wed
Kruschen Salts are the up-to-date
California,
is
nearly
10,000
feet
deep.
upon this amount, but not to ex wed Fountain of Youth. Take one half
of life’s service are entitled to a re­
rate on other corpo*stia». in pro­ teaspoonful in a <+•»" of hot or cold
ward as well M the years of “tear The original Drake well was 60 feet.
water tomorrow morning and every
to their net profits.
service” and should be as free of the
"This method is designed for states morning—and if they don’t change
More than 26.000 oil wells were
charity taint.
ar «mole idea about reducing, go
have heretofore taxed national
k and get the small price you
Therefore when we obtain the old drilled to completion tn the United
upon their entire net income paid for them. Get an 85 cent bottle
States
in
1929,
with
15,500
producing
age pension in Oregon may it ba as a
all sources at a proportionate of Kruschen Salto—4ast 4 weeks—at
service pension to be received by each oil. 2.000 gas and 7,600 dry holes.
to that assessed u>on bur. leas Fuhrman Pharmacy, Inc., or any pro­
man and «ronwti of Oregon when he.
'corporations. The amount wMc’a la gressive druggist anywhere m the
Notice: Farmers—We buy Beef, the basis of the tax is the c ¡idv: lent world.
or she has arrived at the pension age
and without its being necessary for Veal. Pork, Poultry and Hides, at the of the entire aet Income from an
Safety Pint!
Uw Cow Bel)
anyone to attach a hard luck story to ECONOMY CASH MARKET, Co­ sources, but being asreJred eg Inst
•he shareholder upon his’property tn Dairy’s Pasteurized Milk and protect
quille, Oregon.
hie application.
R. A. Easton.
|tbo sharee and not a tax upon the your health.
The Oregon Fanner, one of the beet i the two for one year
bank, it is not open to the objection
agricultural papers in the northwest,
Trespass Notices, printed on cloth,
aa aa indirect tax on exempt incoma"
esn be secured in conjunction with ^Jrtatice Court blanks for sale at this
for sale at thia office.
The Sentinel for 25 oenta. >125 for |
FORD MOTOR COMPANY
Why Fat Men
Stay Fat
H. T. Wimer & Son
Blacksmith, Machine Shop,
Electric & Acetylene Welding
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