THE NEW INCOME TAX

Income Tax, Harper's Weekly Magazine.

Cortland Evening Standard, Friday, December 14, 1894.

THE NEW INCOME TAX.

REGULATIONS FOR ENFORCEMENT OF ITS COLLECTION.

Secretary Carlisle Approves the Rules

Prescribed by the Commissioner of Internal Revenue—Full Text of the Requirements—Only Incomes of $4,000 or Over Taxed, but Returns Must Be Made From $3,500 Up.

   WASHINGTON, Dec. 14.—The secretary of the treasury has approved the regulations prescribed by the commissioner of internal revenue for the enforcement of the collection of income tax under the late tariff act.

   Under the regulations provided and approved pursuant to law, every citizen of the United States, whether residing at home or abroad, and every person residing or doing business in the United States who has an annual income of more than $3,500, shall make a full return of the same, verified by his oath, to the collector of internal revenue of the collection district in which he resides, or if not a resident, in which his business or property from which income is received is situated, on or before the first Monday in March of each year.

   The first return under the law shall be made on or before the first Monday in March, 1895, and shall include all income from every source received in the year 1894, from the first day of January to the 31st day of December in said year.

   Guardians, trustees and all persons and corporations acting in any fiduciary capacity are required to make similar returns on or before the date mentioned for all minors, wards or beneficiaries for whom they act.

   Persons having less than $3,500 annual income are not required to make the return, but all persons having an income in excess of that amount, whether it reaches the taxable limit of $4,000 or not, must make return as prescribed.

   The gross gains, profit and income returned by persons shall include:

   1. Gross profits of any trade, business or vocation, wherever carried on.

   2. Rents received or accrued during the year.

   3. Profits from sales of real estate purchased within two years.

   4. Farming operations and proceeds.

   5. Money and value of all personal property acquired by gift or inheritance.

   6. Premium on bonds, stocks, notes and coupons.

   7. Income from trade or profession, not by stated salary and not heretofore enumerated.

   8. From salary or compensation other than that received from the United States.

   9. From salary or compensation paid by the United States.

   10. Undivided gains and profits of any partnership.

   11. Interest received or accrued from all notes, bonds or other securities.

   12. Interest on bonds or coupons of any corporation.

   13. Dividends from corporations.

   14. Income of wife or minor children or child.

   15. All other sources of income not above enumerated.

   The deductions allowed on the return and therein enumerated are:

   1. Four thousand dollars exempt by law.

   2. Interest due and paid within the year.

   3. National, state, county, school and municipal taxes paid, not including assessments for local benefits.

   4. Amount expended in purchase or production of live stock or produce sold within the year.

   5. Necessary expenses, specified by items actually incurred in carrying on any business or trade.

   6. Losses actually sustained during the year, specified.

   7. Actual losses on sales of real estate purchased within two years.

   8. Debts contracted and ascertained in the year to be worthless.

   9. Salary or compensation over $4,000 from which the tax of 2 per centum has been withheld by disbursing officers of the United States government.

   10. Dividends included in the estimate of gross profits from corporations on which the 2 per centum has been paid by such corporation.

   All corporations, companies and associations, both resident and foreign, doing business for profit in the United States, shall make annual return of all net profits above business and operating expenses on a separate blank prepared for them, and when duly verified by the oath of the president, or other chief officer of such corporation, the return must be delivered to the collector on or before the first Monday in March of each year. The first return of corporations shall cover all net profits and income for the calendar year 1894.

   The exemption of $4,000 allowed to persons is not extended to corporations, but the return must cover all net profits without exemption.

   The annual return of corporations must include:

   1. The gross profits from all kinds of business.

   2. The expenses exclusive of interest, annuities or dividends.

   3. The net profits without allowance for interest, annuities or dividends.

   4. The amount paid on account of interest, annuities and dividends.

   5. The amount paid in salaries of $4,000 or less to each employe.

   6. The amount paid in salaries of more than $4,000 of each employe and the name and address of each of such employes.

   The gross profits include:

   1. All profits of any trade or business.

   2. Interest or coupons from bonds or other securities of any corporation,

   3. Dividends received from any corporation.

   4. Undivided profits of any corporation.

   5. Premium on bonds, notes or stocks.

   6. Commission or percentage.

   7. Interest on government securities, not exempt by law.

   8. Interest on other notes, bonds and securities.

   9. Profits from sales of real estate

   10. From rents.

   11. Profits from all sources, to be enumerated.

   The operating expenses shall include:

   1. Interest paid or accrued within the year on bonded or other indebtedness of such corporation.

   2. Losses actually unstained during the year, which must be separately stated and fully described as to cause, date and amount.

   3. All taxes actually paid.

   4. Salaries and pay of officers and employes actually paid during the year.

   5. Rents and necessary repairs.

   6. All other necessary expenses, which must be itemized and fully explained in the return.

   The net profits shall include:

   1. All amounts paid to stockholders or shareholders.

   2. The amount of undivided profits on hand or carried to surplus or any other fund.

   3. Amount of net profits used for construction, enlargement or improvement of plant.

   4. All other expenditures or investments from the net profits.

Lexow Work to be Continued.

   NEW YORK, Dec. 14.—The Tribune says: Several members of the Lexow committee have declared that in all probability the committee will be empowered by the senate to continue the investigation of the police department and of other departments of the city government next year.

Superintendent Brockway Reinstated.

   ELMIRA, N. Y., Dec. 14.--The managers of the Elmira reformatory at a full meeting reinstated Superintendent Brockway in charge of the institution and passed resolutions commendatory of the services of R. H. Bush while engaged in his duties as acting general superintendent during Mr. Brookway's temporary withdrawal.

Photo copied from Grip's Historical Souvenir of Cortland.

COUNTY MEDICAL SOCIETY.

SEMI-ANNUAL MEETING HELD THURSDAY.

New Members Elected—Peculiar Cases Reported and Discussed—Interesting Paper by Dr. Higgins.

   The semi-annual meeting of the Cortland County Medical society was held at the supervisors' rooms in Cortland yesterday at 1 P. M. Dr H. T. Dana, the president, was in the chair.

   The following members were present: Drs. Bennett, Dana, Higgins, Gardner, Moore, Reese, Sornberger and White of Cortland; White, Whitney and Green of Homer; Braman of Cuyler, Neary of Union Valley and Forshee of McGrawville.

   After the reading of the minutes of the last meeting an hour was given to the reports of cases. Drs. Higgins and A. J. White reported cases of appendicitis; Dr. L. T. White that of an indolent ulcer of the leg; Dr. Neary that of polypus and Dr. Forshee a case somewhat obscure in diagnosis, presenting mingled symptoms of sciatica, locomotor ataxia, hip joint and spinal disease. Each report was an interesting one and elicited a general discussion as to diagnosis, treatment, etc.

   Dr. F. W. Higgins then read an exceedingly interesting paper on the "Hospitals and Surgeons of London and Edinburgh," giving his impressions of the men and methods of those cities and comparing them with those of our own country, a comparison entirely creditable to the United States.

   The names of Dr. S. J. Sornberger and Dr. S. E. Gardner, both of Cortland were presented for membership and, on being favorably reported by the board of censors, they were unanimously elected.

   Drs. Dana, Higgins and A. J. White, the committee on the revision of the society bylaws and manual, were instructed to prepare a manuscript of the same to be presented to the society for action at the quarterly meeting in March.

   The old question of the society renewing its relations with the state society again came up and after a lengthy discussion a motion was made by Dr. Reese that the treasurer be asked to pay all arrearages due the state society and that the county society resume its former relations with the state organization. After some further discussion the resolution went over to the next meeting an unfinished business in deference to the absent members who might wish to vote on the matter.

   No further business appearing, the meeting then adjourned,

   F. H. GREEN, Secretary.

HE IS A BURGLAR.

HE PROVES TO BE THOMAS CORCORAN OF FABIUS.

Louis Bramer Identifies His Property and the Man—An Old Offender—Has Served One Term.

   The man who was arrested at 3 o'clock yesterday morning by Officer Jackson on Railroad-st., and who gave his name as Thomas Jones of Baltimore and was sentenced to ten days in jail for public intoxication, has had a very short period of obscurity. No one believed that his name was Jones and he would not answer any questions as to where he obtained the knives and other property found in his possession.

   Louis Bramer, who keeps a hardware store in Fabius, Onondaga county, arrived in town on the 8:52 train this morning, accompanied by Deputy Sheriff W. S. Bush of the same place, and both men called at the jail and positively identified the man as Thomas Corcoran of Fabius. Mr. Bramer also identified the box of plunder as a portion of the property stolen from his store several months ago. He brought with him a package of knives and one of spoons which were exactly like those taken from the prisoner and which bore the same private price mark put on by Mr. Bramer himself. There was no use for Corcoran to deny his identity and he did not attempt it. Deputy Sheriff Bush spent considerable time with him this morning and tried to make him confess that he was one of the parties who robbed the store. He hesitated some, but finally said that he would make no acknowledgements to-day.

   Mr. Bush says that Corcoran has always lived in Fabius. His parents were long residents of that place, but have died, and his sister who was the only other member of the family, has moved away. Corcoran is a laborer by the day or month there as he can get a chance to work or feels like it. He has been in the place more or less constantly until about four days ago.

   Three and a half years ago Mr. Bush arrested him in Binghamton with a grip sack well filled with plunder which he had recently stolen from another store in Fabius, and for that act he paid the penalty of spending a year in Onondaga penitentiary.

   Two months ago a window was one morning found smashed out in still another store in Fabius, but nothing was missing. On the ground outside was found a bat which was identified as Corcoran's. Officers went in search of him and he was found in a barn. He denied that the bat was his and as there was no proof against him nothing was done about it. A week later, in a manger in that barn close to where Corcoran was standing when the officers went to him with the bat, was found a number of jack knives, razors and other property stolen from Mr. Bramer's store. There was nothing to connect Corcoran with the property, but the officers believe that he saw them coming that day and then emptied his pockets to relieve himself from suspicion.

   There is the belief that he has a confederate here in town, as he was seen on the streets the day before he was arrested with another man as a stranger. A search is being made for him. A false lead was put out to-day of another man who had razors and knives in his possession, but it proved to be some one to whom Corcoran had sold some goods and not another burglar.

   Mr. Bramer will go back to Fabius and get out a warrant for Corcoran's arrest and he will be held upon this as soon as his present ten days' sentence is completed.

Preble.

   PREBLE, Dec 11.—H. D. Hunt and family visited Mr. Hunt's mother in Virgil last Sunday.

   A. H. Vosburg has sold his farm in Preble to Mr. Allen of Cortland. Possession given immediately.

   Mrs. D. C. Callen died at her home in Cold Brook last Saturday. The remains were buried in Preble at 2 o'clock to-day.

   There has been considerable thieving for the last two or three weeks at Hotel Ercanbrack. Bedding and silverware have been taken. An eye has been kept out for the thief. Last night a young man and a lady drove up to the hotel and stopped for a short time. When the young man went out to get his horse, the lady went to the drawer and took out a box of cigars, wrapped them in her veil, went out and got in the wagon There she was stopped by Constable Robert Dorathy who told her that she was wanted in the house. She went back and delivered up the goods and told the landlord to make out his bill and she would pay it. There is a suspicion that she is the one who has taken all the goods.

HEAD CUT OFF.

RUN OVER BY CARS A MILE NORTH OF TULLY.

An Unknown Man This Morning Struck by a Northbound Coal Train—No Clue to His Identity.

   As the coal train which left Cortland at 2:50 o'clock this morning reached a point about a mile north of Tully shortly before 4 o'clock, the engineer saw a man walking on the track in front of his engine. He blew the whistle violently, but did not succeed in making any impression on the pedestrian. He made every effort to stop his train, but to no purpose. The man was struck, thrown far ahead and was then run over. The train was stopped before many cars had passed over him and it was found that his head was cut off clean. The trunk and head were laid beside the track to await the orders of the coroner and the train proceeded.

   Later, by direction of the coroner, the remains were brought to Tully and were placed in the freight house where a coroner's jury viewed them. The head which was not mutilated at all was placed upright on the breast in the hopes that it might be identified, but up to the time of going to press it had been impossible to learn who the man was. There were no papers about his person to furnish a clue.

   The man was between 25 and 30 years old, was rather light in build, weighed about 120 pounds, wore a mustache and was well dressed.

East Court Street, Cortland, N. Y.

A Promising Investment.

   The investment offered in another column by H. M. Whitney Co. is one which deserves the consideration of careful investors. The company has grown up "from the stump," and from small beginnings has come to be one of most important manufacturing concerns of Cortland. Its plant is one of the the finest, most compact and well equipped in the place, and recent improvements have made it a model one. The business has been conducted with the strictest economy and with marked enterprise and push, and the 7 per cent preferred stock which the company offers is a first lien on its property after payment of his liabilities. Mr. Whitney, the president of the company, will be glad to give to any one who is thinking of investing any information as to the value of the stock and the condition and prospects of the business which may be desirable.

To Investors.

   Owing to recent improvements in our plant we offer for sale at par a limited amount of our seven per cent treasury stock. This stock draws a seven per cent dividend and will make a first-class investment for any one having money to loan.

     THE H. M. WHITNEY CO.                                               (851-tf)

BREVITIES.

   —Bert C. Ames and Frank W. Ames of DeRuyter, have purchased the Genoa Tribune. Both are practical printers and "hustlers."

   —The Binghamton Republican says DeRuyter has 45 widows and 16 widowers. Well, well what can we do about it?—DeRuyter Gleaner.

   —Mr. H, F. Benton this morning had a long distance telephone put in his office to take the place of the ordinary one that he has formerly used.

   —The STANDARD will be given free for the month of December to any new subscriber who pays for one year in advance on either the daily or semi-weekly STANDARD.

   —A special meeting of the managers of the Cortland hospital will be held on Monday, Dec. 17 at 2:30 o'clock, at the residence of Mrs. M. E. Doud on Tompkins-st.

   —The Juaneita Euchre club met with Mrs. Kate Seamans of 2 Monroe Heights on Wednesday night and a very enjoyable evening was spent. The club will meet with Mr. and Mrs. Pudney on Lincoln ave., Dec. 26.

   —Cortland is having trouble with a fellow called "Jack, the Slasher" who is making it very uncomfortable for ladies who are compelled to be out alone nights. Some one spread the statement at several stores last evening that the Cortland "Jack" was in Ithaca, and as a consequence the ladies employed in three stores refused to go to their homes last evening without escort. This seems a poor way of joking,—Ithaca Journal.