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TALES OUTCLASSED BYHEMPSTEADITES
THK DAILY REVIEW. THURSDAY, BIARCH 17, 1921
Retired; WU] the state follow the [recent announcement of Solicitor Oen- !eral Frierson and change its method of computing profit or loss from the January 1, 1»1» value to the dates of purchase and sale? Ans.—No. On advise of the Attorney Hempstead, March 17.—Freeport dis-JO«ne''al the New Tork State Income patches allege that they have some Tax Bureau will continue to recognize fishermen in that village, one of whom «»>• Provisions of section 363 of the tax recently made an alleged big catch In "^"^ »"«> compute gains or profits
Jnt Listea to What Biohms and
Vandewater Got Down
is Floridal
Qnestioiis and Answers.
NBW TORK STATE INCOMB BVKEAt
TAX
Paff«S
Vlorlda waters.
Hempstead has some disciples cf Isaac Walton, too, and' reports from Florida aeem to pUt the Freeport mart's llsh story somewhat in a shack. Listen to this one:
Pster A. Blohm, Dick "Vandewater and Peter Blohm, Sr., who are at Fem- aadlna, Fla., went on a little expedi¬ tion ono day recently and returned wtth 13 red snappers, ranging from M to 2S pounds each and 617 pounds at sea bass, running from three- quarters of a pound to four pounds
securities purchased prior to January I, 1»1>, by the difference between their value on tliat date and the amount realised at disposal. There is no restric¬ tion in the New York State Constitu¬ tion as to the power of the Legislature in defining income similar to the limi¬ tation contained in the Sixteenth Amendment to the United'Statea Con- atltution.
A. E. L.: In 1920 I sold two piecea of property and received in each In- atance only one-third of the sale price in caah'. The balance was covered by two mortgages. What measure of gain They road o« the Freeport man's <>« ' '•"•rt »" "^ ^^^t «tch in The I>aily Review, and having Ans.-You ahould report as In-
,tho reputation of Hompsfad at heart, <;'>'"'' »»>« total profit realized from sent word about this one.
WHY THEY PUT BUTTONS
ON MEN'S COAT SLEEVES
amount In excess of tho aggregate pay¬ ments by tbe abareholder (or value on January 1. 1919, plus subsequent pay¬ ments) in income.
Nurse: Am I taxable on my* salary only or should I add the fair value of the board and room fumlahed md In the Women's Hospital?
Ass.—You should Include in gross in come botb the salary and the value'of your room and lodging.
M. B. v.: Does the bead of a house¬ hold exemption appl^ to me where up¬ on death of my wife I moved my eight year old son and myself to a boarding houae? Ana.—Yos.
Partner: What ia the Income to mem¬ bers of a partnership which controlled a lease and sold it to a corporation for $50,000?
Ans.—The profit on this transaction may be computed by taking the fair and reasonable worth of the lease as of January 1, 1919, and the difference between that sum, and the 160,000. Is the total profit to bo Included In the dis¬ tributive shares of the members of tho partnership.
MOOSE CLUB RESTAURANT
Ul FBONT ST,. HBBIPSTBAD
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Regular
Dinnear Prioo
to S Cents
and t
to l||
runiaiied Boom by Day or Wook j E
HILDRETH'S RESTAURANTS
- ROCKVILLE CENTRE
FRANK CAMP, Proprietor Sea Food Specialtiea Bama's French Pastry Charlotte Russe
192 MERRICK ROAD Rockville Centre
beau^ir of thcli
these sales, Including both the cash payment and the face value of the mortgages.
Mrs. B.—(1) My husband died during
the year and I received $5,480 on a life
/ "Why the buttons on men's coat I Insurance policy. Is any part of this sleeves? A tailor here explains it this i Income? (2) I invested this amount in ''ay- "' K. stock. Are the dividends from
"Buttons, on coat sleeves are sti-ani?<'-: this slock tax.ible? ly linked with the Impi-ovement In | Ans.—(1) No. The proceeds of life In- man's personal hygiene. Years ago as suranre policy paid tu Individual beno- you'li remember, men trotted arajjnd 'Iclaries are not taxable. (2) Your earn- ^ all dolled up in silk pants and fluffy 'nps fi-om this investment should be 11 waists that would make women's styles :'"''luded In your pross Incorpe. of this day and age look mos.sbacked. \ Chesttjut Street: In making my In
"On each man's sleeve was a long ™me report must I include $57.50^ lace cuff that flopped about la much ; monthly which I received as Govern- tho B.Tme fashion as the flapper!? un- nient war risk insurance on account buckled goloshes do now on a lalny of a son who riled In a cantonment? day. Obviously such cuffs often Inter- i Ans.— No. Such amounts arc exclud- fered with the courtier's salaams, and cd.from gross inoomo.
so some coui-t tailors h.ad the happy | Attorney; What Is the meaning of; >5 Idea' of putting buttons on the sleeves'•^f^'le 241 of ihe Regulations that "a " to button the cuffs b:ick when said beuii istatulory allowance paid a widow out brummel "trwk off his coat" .so to speak. ,ot the coi-pus ot the estate is not de-
"Another version is that the soldiers Idueflble from t.ross Ineome?" of a crrtaln old king In Knirlaiul were •'^ns.—Possibly If you iwW to this sen- furi^lshed with new uniforms with 'enf:c"of the rstato" tl>e Intent will be |lful l;ico Cliffs and were the. pride I'iPParent. It mrans that since the cir monarch's heart until ofie sail amount In' nnt-stlon under the code- day lie fsuight a sentry UHlng the ciilT <*"-ft'"n 2fi70) is deducted from Ihe cor¬ ns a handkerchief. Ho imm'-dlately b:- J""« Oi the estate it is .not a proper do- 8ue<l ordris to havo metal buttons put-duction from the annual Income of the on tho cuffs so that forgetful warriors •""'''ito tor Income tax purposes, would scratch their nosi-s if they at-,' l'-- T-W.: As I om heavily in.sured a tempted .luch a manoeuvre. '¦ con.siderablo amount of dividends ac-
"Tn time the lace ^ruffs went out of I*'''""' tn.in20 on uninatiiierr Insurance Btylo, but tli-y forgoT to lake the but- f'""'''*'*'- Are these amount ta.'^ahle? tons off anil so they rt-jhnin to-day .\s ^ Ana.—No. Dividends accru'xl against useless ns Ihe popiilar notiorTof useless-:*^'*'"''''n''0 premhims on unmatured ness of the vermiform ap|)endlx." pollciea nre e\-oluded from gi-o-^s income.
— ».—— ; Urooklyn: Where will I find a rule
as to determining Income In the case of shares In a building and loan as.'so- I'lallon?
T, , ,„ ^ Ans.-ArUcle 46 of the Comptroller's
Rockville PcTitre, Ma^rch 17.—-^vo Regulations provides that where this i school bond Issues are to be allotted accumulation does not become available ' within the next few weeks. Rids hav,- until maturity of the share the'
been asket) op |»iJ OCr \riT-tA *m " ' |~ ' - ' . [
aow Schfie! *» tt t^'^clt^ at t),e south-i " '
¦ Mtst comer of Riverside drive and Park i avenue, this village. They will be ! opened at the High School, Thursday, March 24. The Issue will be of twelve bonds, the last ot which Is to pature January 1, 1934.
Bids for bonds to the amount of $110,000 for the new 'school to be erected on tho east sida. of Tori-ell ave¬ nuo, Ocean Side, will be opened at the Ocean Side High School, Tuesday eve¬ ning, April 5, at 8 o'clock. They will be redeemed serially, the last to mature July 1, 1933.
HOME COOKED CHICKEN DINNER
-SERVED EVERY SiAaY—
FROM 1 TO 3
—at—
KETCHAM LODGE
Lincoln Avenae. Bockville Centre
SMITH dk MALCOMSON If
•oeeMson t» Alvin G. Satlth, C. ¦. Kstoblislwd 1890
Munidpd and Glvfl Engineen Surveyor*
T lailraad Ava. FBBBPORT. N. T Takphooo lOS
gfiSKEBfePiiSSIHas
i®S«!H®BSSr«)eK25a)^)SlS«P' 5
B. & R. MARKET CO., Inc.
SPECIALS FOR
FRIDAY and SATURDAY
FREE DEUVERY GROCERY DEPARTMENT
51b. Granulated Sugar 42c
Jam, extra large jar 24c
Oatmeal, White Rose, pkg. 12c
Cocoa, Rufikel, Vzft 22c
Macaroni or Spaghetti
White Rose, lib p^g 16c
Apricots in syrup
2 large c-s.is
Catsup, V/};il2 Rose
45c 512? bottle
Pure Honey, White Rose
5 oz. jar
Condensed Milk, ^an
.35c
29c
lOc' ..15c
3 PHONES^-880—881—779 MEAT DEPARTMENT
Leg of Spring Lamb 35c 11^
Rib Roast, prime 32c tb
Pot Roast 20c lb
Forequaiter of Lamb, 20c lb Fresh Chopped Beef... 24c tb
Pork Chops ...30c lb
Dixie DacoH 2jc lb
F'aiity of Broilers, Roasting •Chickens snd Foivis at Rea¬ sonable Prices
TWO SCHOOL BOND ISSUES
IN ROCKVILLE CENTRE
HEADQUARTERS FOR ALL KINDS OF FRUIT AND VEG- I ETABLFS AT REASONABLE PRICES |
B. & R. Market Co., Inc., Main St. Cor. Pine
HE.MP.STRAO
HEMPSTEAD BOWLERS WIN OVER ROOSEVELT HREMEN
Hempstead. March 17—A bowling team representing the Hempstead Fire Department won in three straight fames from the Roosevelt Flro Depart¬ ment team on Tew's alloys Friday eve¬ ning. The score was as follows:
|i
Roosevelt
Abrams
W. Crovols
Andrew
H. Crevols
Carota
Fire Department
131
^58
150
147
132
721
Hempstead Fire De|
Halman
Crampton
Zaminsky
A. Nichols
DeWeIss
Saxton
181
' 154
200
184
190
909
160
198
170
145
150
813 tartment
171
146
193
162
194
85t
FREEPORT A. A. BASEBALL
I-IO
169
133
139
181
767
143
114
190
144
188
778
NEEDS GROUNDS AND FUNDS
Phone 1664
DR.£. DAHLMAN
SURGEOX DENTIST
Offlcc hours: 10 A.M. to 8 P.M. MADAMK ANNKTTK iU'lLDlNO
TROLLEY JUNCTION
m
Onr Telephone Never Sleeps
—TOR-.
Frooport, March 17—'The Freeport A. A. Basoball team will opan the sea- «m ta IMl without a field to play in or without funds, says manacer EI- wood Myers.
Tho J. J. Randall Company began preparations tor building on the old ball grounds, so there will be no more playing thero.
Tho team toels that Freeport is large onough and that fhero are enough tans koro to provide such a fleld for play¬ ing -with bleachers, a grand stand, an' overythlng.
A mostlag wUl bo hold Is tbo future tbe puQKMO o^ deciding 'ways and
of running a campaign "tet^ nor. -'Karly actloa la nocesaary to ^^AAoka tbo toam rtcMlblo this year and MM ||i;.lM>»«a^||i«t.
DEPENDABLE TAXI SERVICE
Telephone 12 Rockville Centre
Cp-to-dale Pleasnre Can.For Hiro At AttracUve Bates
O. M. HAvVKINS DEALER IN NASH MOTOR CARS
OFFICLAL SERVICE STATION
BOSCH MAGNETOS
DISTRIBUTOR OF EXIDE BATTERIES
GRAY & DAVIS ELECTRICAL CIRCUITS
FOR THE AUTOMOBILE
HAWKINS BATTERY SERVICE
340.Ob»erver St. Rockville Centre, L. I.
Telephone 670 Rockville Centre
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I HAVE YOUR PLATING I
I DONE IN ROCKVILLE CENTRE |
J Modern Equipment and Expert Workmen will give you a Ber-» i
X vice you can't get elsewhere on Long Island X
I Brass Beds and Electro Plating in All Its Branches |
4 We Do General Mill Work and Can Care for Your Home Alter- *
? ations of This Kind ¥
I KLASS AUTOMATIC CORP. |
t D. R. Longnecker P. L. Hurrell H.Weber | =
'> Formerly L. & H. Mfg Co. ^ S
4 Observer St., TeL 28 ROCKVILLE CENTRE, N. Y. J | *KK-x-x~x»<~XK~:"X-x-X"X~x~:«<'':'<~x«<~x~X"X"X~:~xK"X'<«<~x~;~>«x''^^
NASSAU TAXI CO..
he
NOW THAT YOU'RE GOING TO BUILD
Let me show you it costs little to have the cellar, cesspools, built Ri|^ and ^ Pramptlf.
And III fix your tbtatnar or flro- plaoo, so they won't smokol
FRED COOK
MaMBUid BoUcr in WASHBURN AVENUp
Just the thing: for Easter
BOY'S
AU Wool Suits
of
Navy Blue
Serge
or
Fancy Mixtures
Special $10.00 Special
«.— ;„
ALL
with
Two. Pair
of
Pants
Ages
8 to 18
Years
The Kloski Department Store
1^1».1S VILLAGE AVENUE ^ROCKVILLE CElfTRE |
AflE YOU PREPAIIIIi
m m\ riiiii?
YonVe sdd to yoandf: f, ""5 Jl^^ j ^
"I work hard " ^
and yoaVe added :
Tlien foaVe asked joonetf THE qaestioD :
Why Don't I Succeed?
And why don't ability and hard work insure success?
When you seriously begin to look for the answer to that question, and stand ready to act when you get it, you've made a long stride ahead—you're well on the road to really getting somewhere.
Niagara Falls has enough, almost without limit—
'energy" to give it the "ability" to furnish power I
—But it takes specialized brains to hu'-ness this energy and tran.sform it into commercially valuable electric current. A good investment pay.s large dividends, increases the principal and prepares you for the future.
We have the very investment you have been looking for—not MINING, OIL or MANUFACTURING, but one whose tremendous popularity among inve.stors ia due largely to the highly attractive yields to the shareholder from earnings, and the consequent high val'je of these shares.
During their
comp.'iratively hxwi Iiistories IIj.s li.i\e g.-iinod remarkably in distinction because of their SAFETY, POPULARITY and the DECIDEDLY LUCRA¬ TIVE RESULTS yielded to t'lioir shareholders.
We are here presenting an opportunity to j)'ractice THRIFT saving and buibl- ing .safely and conservatively for THE FUTURE, and afTording to each iiulividual an active and pernonal participation in tlie pro;;j)crity of the country.
The incentive to shareholders is to them proportionate shares of the organization.
their knowledge that there will be distributed profits that accru_e from the activities of this
^Ve are now issuing a
REVIEW
on this particular Security, and shall be pleased to send it to you FREE FOR THE ASKING. *
Get this REVIEW and read all about this great INVESTMENT.
It's Free
Get It Today
If ships drifted they'd never arrive; so, they said by chart. Architects don't build by guesswork; they draw plans.
What Are Your Plans For Future Progress?
The first step to a definite route to more money, ultimate independence, and the substitution of a certainty for a question (?) mark, lies in sending the coupon below. If you are in no hurry to act, just remember that waiting is as fatal as hes¬ itating—they lead to nowhere. The one thing you can be certain of is the action of today—so—send the coupon NOW.
EilRBCa.
nc
INVESTMENTS
MALLEY BUILDING D'ESOPO BUILDING LIBERTY BUILDING Root & BOYD BUILDING
NEW HAVEN, CONN.
HARTFORD, CONN.
BRIDGEPORT, CONN.
WATERBURY, CONN.
COUPON
COSHNEAR & COMPANY, INC.
Malley Building, New Haren, Conn.
Gentiemen—Kindly send mc your REVIEW with /all information re- gardin|r the stock you are.now recommending.
NAME.
ADDRESS.
I
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