pa NR
By
WEDNESDAY, AUGUST 6, 1930
MANY CO-OPERATE
IN ROAD PLANTING
Seventeen organizations and in- |than $6000.
dividuals took advantage of the
beautification
the State Department of Highways,
during the spring planting season [long the Lincoln Highway
which has just ended, and furnish- | western |
that were planted and | Greensburg. This planting included | construction of new Montgomery- |
will be maintained by the State De- Ishade and ornamental trees, shrubs, 'Dorwart Highway. |
roadside
ed plants
partment of Highways, the depart- land vines valued at $1332. These '
Plants | plants were set out to prevent
ment forester
are valued at more | erosion and to cover roadside bare! of propagation for the Game Com-
thus donated
The largest planting was carried
policy of lout in co-operation with the West-
moreland County Garden Club a-
entrance the city of
THE MOUNT JOY BULLETIN, MOUNT JOY, LANCASTER CO., PA.
Orders Rabbits
Charles A. Hiller who has charge
areas, for screens to shut off the [mission has ordered 50,000 wild
view of unsightly junk yards and rabbits to be distributed next fall.
| dilapidated buildings and for orna- § Eee
| mentation.
es | yrs
the | Highway No. 71
Belle Vernon—Work started on
through North
Work was started on preliminary | Belle Vernon.
Consistent. Advertising Pays.
Ta am
| WE SPECIALIZE IN
Business Cards
Wedding Announcements
Sales Bills
Office Forms, Books
Publications
Letterheads
Programs
Catalogues
THE BULA
JNO. E. SCHROLL
Proprietor
0000000
The Proof of
Good Printing
The proof of good printing can usually
be accurately measured by the increased
dollar and cents return as a result of
printing care. Place your next printing
order with us. The extra care we use in
its preparation will please you—the satis-
faction of a good job well done will more
than repay the small difference in cost.
MOUNT JOY, PENNA.
T'S ALIVE!!
T'S ALIVE!!!
OU bet it’s alive—but it’s no freak—this
newest gasoline. It had to be alive to
keep pace with modern motors and their
new fuel requirements.
The makers of Mobiloil knew, as you do,
that cars and motors have changed. They
knew that the modern motor needs a mod-
ern fuel. Mobilgas is modernized by Vacu-
um’s process of distillation.
It’s right for the car you drive today . . . in
anti-knock, in cleanliness, in economy, in
every phase of performance. And the price is
the same as the price of regular gasoline.
Switch for a week and let your car decide.
Rhoads Oil Co., Inc.
917 North Prince St.
BRAND OF 1° F
PEAR oe
Ro CLC
J ETHYL GASOLIN
fi CORPORATION
so ons uv
AND MOBILGAS
ETHYL, TOO
LANCASTER, PA.
PLANTS
WCU CLEANED
Soot and Dust Blown Into
40-Foot Dirt Bag.
Machinery has again come to the
rescue of the home owner in the ac-
complishment of one of the most
menial and disagreeable of jobs, one
which has heretofore been a mussy,
dirty and undesirable job, says the
Holland Institute of Thermology of
Holland, Mich., and that is the clean-
ing of the heating systems,
In lleu of a grimy gweep with
brooms, brushes, ropes and shovels,
neatly uniformed operators arrive at
the job with the big mechanical clean-
er mounted on a motor truck. The
cleaner parts include a powerful suc-
tion fan, several lengths of flexible
piping and a 40-foot dirt bag. The
Ih
|
[hh
Cleanliness Characterizes the Use of
the Giant Vacuum Cleaner for
Cleaning the Heating System.
attendants put the giant suction clean-
er in operation, and the powerful sue-
tion draws the soot and dust ac-
cunniarions rom every part or the
heating system, blowing the dirt into
the dirt bag.
Without muss, fuss or dust the heat-
ing system is’ thoroughly cleaned and
ready to give more efficient heating
service when fall brings the first
touch of frost. Many vacuum clean-
ers of this type are in use throughoet
the country, but according to the Hol-
land Institute of Thermology, to se-
cure the best results it is advisable
to engage one equipped with a high
powered motor and suction fan,
— Oe
STATE TAX MEN AND
BANKERS IN ACCORD
Months of Negotiation Lead to
Agreement on Changes Broad-
ening Method of State or Local
Taxation of National Banks.
NEW YORK.—Months of conference
and negotiation between an American
Bankers Association special committee
and the Committee of the Association
of States on Bank Taxation have re-
sulted in an agreement on a form of
amendment to the Federal statute
dealing with state or local taxation of
national banks that “maintains the in-
.egrity of the protective principles of
he section and is satisfactory to the
rommissioners’ committee,” says the
American Bankers Association Journal.
Thomas B. Paten, the organization’s
General Counsel, in making the an-
nouncement says that previously pro-
posed amendments to the statute,
which is known as Section 5219, have
heen opposed when it was felt their
terms would enable any state to place
banks in a tax class by themselves.
“The law as it stands today,” Mr.
Paton says, “permits state or local
taxation of national banks or their
shareholders in one or the other of
the four following forms: the share-
holders upon their shares,—a prop-
erty tax; the shareholders upon their
dividends,—a personal income tax;
the bank upon its net income; the
bank according to or measured by its
net income. Only one form of tax can
be imposed, except that the dividend
tax may be combined with the third or
fourth form if other corporations and
shareholders are likewise taxed.
“The conditions permitted are: the
tax on shares must be at no greater
rate than ¢n other competing moneyed
capital; the income tax on sharehold-
ers must be at no greater rate than
on net income from other moneyed
capital; the tax on bank net income
must be at no higher rate than on
other financial corporations nor the
highest rates on mercantile and manu-
facturing corporations doing business
within the state; the tax measured by
net bank income is subject to ¢
same limitations as the tax on ne
income of the bank but may includ
entire net income from all sources.”
States Seek Broader Law
National banks and their sharehold-
ers are taxed in different states under
a diversity of systems, he says. The
U. S. Supreme Court has held that the
low millage rate on intangible person-
al property Is in violation of the pres-
ent law where it results in national
bank shares being taxed at a rate
greater than that assessed upon com-
peting moneyed capital. A number of
states, unwilling to use the income
methods permitted, had the alterna-
tive of either repealing the intangible
tax laws or limiting taxation of na-
tional hank shares at the intangible
rate. Therefore they sought a broad-
ening of the permissive provisions.
Also, Mr. Paton points out, a Su-
preme Court decision held a state's
excise tax on corporations invalid
where it included income from Federal
and local government bonds in the ex-
cise measure. This created doubt as
to some state bank excise taxes.
“Conferences have been held to
reach some agreement which would
protect the banks, satisfy the tax com-
missioners and avoid a contest in Con-
gress,” Mr. Paton says. “From the
standpoint of the tax authorities, the
main objectives have been an amend-
ment which would permit certain
states to retain their low rate tax upon
intangibles and at the same time de-
rive an adequate, but not excessive,
revenue from national bank shares,
and an amendment which would per-
mit certain states to tax corporations
on their net income, excluding income
from tax-exempts, and at the same
time derive the same revenue from
the banks as heretofore. From the
standpoint of the banks, it has been
deemed imperative to maintain the
protective principles of Section 5219.
The Changes Agreed On
“In the proposed amendment the ex-
isting provision permitting taxation of
bank shares no higher than the rate
upon competing moneyed capital has
been modified with respect to certain
intangible tax states only by a provi-
sion under which, instead of the
moneyed capital limitation, the rate
shall not be greater than the rate upon
the shares of other financial corpora-
tions, nor upon the net assets of indi-
viduals, partnerships or associations
employed in the banking, loan or in-
vestment business, nor higher ‘than
the rate assessed upon mercantile,
manufacturing and business corpora-
tions with head office in the state.
“Also an added fifth alternative per-
missive method, designated as a spe-
cific tax, permits a state, in place of
an ad valorem tax on bank shares, to
add together total dividends paid the
preceding year and the increase in
capital, surplus and undivided profits,
less additions to capital or surplus
paid in by stockholders, and to divide
this total by the number of shares.
The state may tax the shares based
upon this amount, but not to exceed
the rate on other corporations in pro-
portion to their net profits.
“This method is designed for states
which have heretofore taxed national
banks upon their entire net income
from all sources at a proportionate
rate to that assessed upon business
corporations, The amount which is
the basis of the tux is the equivalent
of the entire net income from all
sources, but being assessed against
the shareholder upon his property in
the shares and not a tax upon the
bank, it is not open to the objection
as an indirect tax on exempt income,”
+ @
K
{ our townsmen is a brewer of qo little
| ability. One of our past masters be-
PAGE THRER
—— {
OWL-LAFFS
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A fellow went to the Grey Iron and
asked Jack Miller for a job. Jack
said: “So you're a mechanic, are
you?’
The man replied: “No, I'm a Me-
Carthy.”
I went to the movies in a nearby
town and while there 1 said to the
fellow sitting next to me: “That lit-
tle girl is certainly some musician.”
He said: “You'll have to— speak
louder. That dern piano is making
such a racket I can't hear a word you
say.”
A lady in town, who was away on
a visit, arrived home unexpectedly
and found her husband absent. She
sent this note_to five of his friends:
“Is my husband spending the night
with you?”
A little later he walked in and a-
bout ten minutes later she received
five telephone calls in response to her
notes and all five said: “Yes.”
edo po
I'm to state I know a lot; ~
It's never cold when it is-hot,
It’s seldom wet when it is dry;
A basement’s lower than the sky.
Our master’s phone is ever goin’
Vith news that's mostly bosh,
Who ever thinks his job's a ¢inch,
Knows more than me by gosh!
It was rumored around that one of
ing curious, ecured for himself a
iquid and shortly
began to see rep-
quart bottle of
after taking a drin
tiles and animals in assorted colors.
He rented a room and opend
seum. People
sion and
ty room
police The off
rest him. However he
Bad Example
ry had a little lamb, _
ts fleece was white, and
It followed her where'er s
So it's a black sheep nol
Ma
——
I told a chap from Land]
I thought he was getting
admitted he was and ac
it by saying that his wifi
30-day diet.
Sixty Groff came over t
er day and dry as it has
r 1 said;
chains on his ¢:
g idea, George?”
He replied: “They're
want to wear them dow
they don't
1p SO muc
This poison liquor
days has done more to
ism than anything I've ¢
All the drinkers sing
song, “Oh, Say, Can Yg¢
A man here declar
more happily married
dred years ago than tg
He si hefore Edisc
slectric light men ney
exactly what they we
Now I know there’s
of fellows. We h
musician in town
Kidney.
A boy at the
for a day off on
old grand-father Th
he had a day off last
old gent.
> boy replied
try and get in touc
spiritual seance thi
I asked a man at
shoes he wears an
two and a half.
By that he
and a keg of
There's a young
is certainly
while in a town W
corset factory he
three days becaus
sign outside “Al
DIES’ STAYS HE
Just heard of a
who turns off al}
every night and
play movie, just
bill.
maste
five
in
months
He claims w
play a sociable
ning, you do
couple hours
|
A lady wer
store and ask€g
gloves for her
Dan said:
She said: