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wm r4;* v\.;.-.^••".•-.• :>if- - ' ;<V~ .'SC'J1'*: t; HEW INCOME TAX LEGISLATION PROVIDES FOR 25 PER CENT REMICTION ON INCOME T/&L - I; t e - - K Work on the administration of the Vevenue act of 1924 was begun immediately upon the passage of the new ;:,i!i r «ct. New regulations relating to the ' f*jir Income, estate, excise, special, stamp other taxes provided for are be ? *-• ? 4ng prepared and will be issued at the ^ ' "i earliest practicable moment. J' i V Of immediate interest to taxpayers is .the provision for a 25 per cent re " duction on the income tax of individ- , , lials for the year 1923. This 25 per vj- cent reduction is not applicable to Corporations. Many individual tax- ^ payers, anticipating the reduction, ^ paid at the time of filing their returns , . on or before March 15, 1924, only ^ , three-fourths of the amount reported . on their returns. These taxpayers |iave nothing further to pay this year unless additional tax is disclosed in the audit of their returns. „ If one-fourth of the tax was paid on • or before March 15, payment of onehalf of a similar amount satisfied the a ^ une 15 requirement. The tax revrvr^. jnaining unpaid after June 15 may " •> .paid in equal installments on or be- „ tore September 15 fad December IB . . "-'v-^-espectively. " ' ' ;v:v " •, Taxpayers paying on the installment plan, desiring, now that the 25 per cent reduction is an accomplished fact, to pay the remainder of the tax in full, may of course do so, the advantage being to the government as well as themselves in the elimination of book-keeping, * Taxpayers who paid in full the amount of tax shown on their returns will receive a refund of 25 per cent without requirement of filing a claim. Returns under the 1924 act are required of every, single person whose net income for 1924 was $1,000 or more or whose gross income was $5,- 000 or more and of every married person whose net income was $2,500 or more or whose gross income was $5,- 000 or more. Under the 1921 act retnrns were required of married persons whose net income was $2,000 or more. The 1924 act provides that if a married couple has an aggregate net income of $2,500 or an aggregate gross income of $5,000, each shall make a return, or the income of each shall be included in a single joint return, in which case the tax shall be computed on the aggregate net income. Married persons not living together, such as divorcees or persons separated by mutual consent, are classed as single persons, as are widows and widowers. There is no change in the exemption for single persons, which is $1,- 000. Married persons, living together, and heads of families are allowed an exemption of $2,500, regardless of the amount of net income. Under the 1921 act the exemption for married persons and heads of families was $2,500 if the net income was $5,000 or less and $2,000--i^the^iet^neeme-exceeded $.>,000. No change is made in the provision allowing the taxpayer in addition to his personal exemption a credit of $400 for each dependent if such dependent is under 18 years of age or incapable of self-support because mentally or physically defective. This $400 credit is not allowed for the husband or wife of a taxpayer, though one may be totally dependent upon the other. The revenue act of 1924 contains a special provision for reduced taxes on "earned income," which did not appear in previous laws. All net income up to $5,000 is deemed to be earned income. On this amount the taxpayer is entitled to a credit of 25 per cent of the amount of the tax. For example, unmarried and with no dependents, whose net income for 1924 is $5,000 would pay, without this reduction a tax of $80. His actual tax is $60. From his net income of $5,000 he is allowed a personal exemption of $1,- 000; the tax of 2 per cent on the $4,000 of taxable income is $80, onefourth of which, or $20, may be deducted* In no case is the earned net incomc considered to be in excess of $10,000. A taxpayer, who receives a salary of $20,000 for example, can claim only $10,000 as "earned net income." In the case of a married man with no dependents whose earned net income is $7,000 and who has other income of $1,500, a total of $8,500, the tax, without the benefit of the 25 per cent reduction, would amount to $160 --$8,500 less a personal exemption of $2,500 equalling $6,000 on which the tax on the first $4,000 at 2 per cent amounts to $80, and on the next $2,000 at 4 per cent, to $8p. On the earned net income the tax amounts to $100-- $7,000 less the exemption of $2,500 equalling $4,500 on which the tax on the first $4,000 at 2 per cent amounts to $80 and on the remaining $500 at 4 per cent, to $20. One-fourth of the tax on earned net income, of $25, can be deducted from $160, leaving $135 as the total tax payable. ADDITIONAL EXCHANGE Some fifteen barns situated along the cement road between Burlington and Racine, Wis., were blown down during the recent storm. The superintendent of the Richmond schools has made public announcement that his office will be open to the public from 2:00 to 4:30 o'clock on Tuesdays and Thursdays of each week. The official is also the agricultural instructor during the summer months, thus giving the farmers in that local* ity the same services as provided them during the school season. Ten men, very much interested in the building of a new community high school at Richmond, are out with petitions relative to the proposition of voting for or against giving the board of education power to locate a site, select a site and construct a building suitable for the needs of the Richmond- Burton district. The approximate cost of the contemplated structure is $75,000: Thr»e hundred and 4ifty names are .required to put the proposition to a vote. COUNCIL PROCEHMNGS CITY OFFICIALS MET IN REGULAR SESSION MONDAY .. The city aldermen met in regular session with Mayor Wells presiding. Aldermen present: Doherty, Frisby, Goodell, Justen, Overton and Perkins. The minutes of the last regular and two special meetings were read and approved. The following bills were read and approved by the finance committee: Jno. P. Weber, bathing house, $ 55 65 Wm. G. Schreiner, auditing? books ....» V*. J2 00 McHenry Lumber Co., coal and tile 162 32 A. H. Schaefer, freight anddrayage i V»i j|56 07 Geo. Meyers, oiling: streets and hauling gravel 184 25 Walter Donavin, lead pipe.. 22 95 Pat McCabe, special polic# - service.. 11 25 M. J. Freund, hauling gravel. 77 25 J. W. Bonslett, labor' opt i waterworks.. , 7 60 Worthington Pump and Ma- ' ;, chinery Corporation, meters 117 00 Legal Adviser Pub. Co., suplies y . y. i,... . 1 58 Fred A. Cooley, repairing. sidewalks. .V's'.* .10 00 American Mexican Refining Co., road oil 467 42 McHenry Plaindealer, printing 180,40 Robert C. Dalziel, scarifying streets ^. 261 25 C. & N. W. R. R. Co., demur* V rage on oil. .49 00 Lisle Bassett and Bernard Newman, labor on fire truck hose . 5 00 Nap Lezotte, labor on water , ; works .* 88 50 Public Service Co., street X lighting « 78 Jas. B. Clow & Sons, W. W. • supplies...... 246 99 Jas. B. Clow & Sons, W. W. supplies. .,... 25 68 Jas. B. Clow & Sons, W. W. supplies 4 18 John Walsh, marshal serv* - ices ...115 00 Nap Lezotte, labor on water.. works 88 25 111. Bell Telephone Co., call*.. 3 00 Linus Newman, special police service 43 50 Chas. Ensign, labor on streets 63 00 Jerome Schneider, labor at - park 35 25 R. F. Conway, postage 1 75 Patridge-Scotford Co., supplies 5 15 Public Service Co., power for electric pump 38 00 Henry C. Kamholz, dry cells.. 1 80 C. J. Reihansperger, 10 gal, v„ kerosene " 2 00 Star Garage, painting sings labor on fire truck and towing 8*00 Jas. B. Clow & Sons, supplies 16 80 Motion by Overton, seconded by Frisby, that the treasurer's and collector's report be accepted as read. Motion carried. Motion by Justen, seconded by Frisby, that the clerk be instructed to write to Mr. McCauley, Superintendent of the Galena Division, asking him to have the company consider giving McHenry gates, operated from a tower, for the crossings at Main and Waukegan streets. Motion carried. Motion by Frisby, seconded by Doherty, that the petition of Jacob Schaefer and other property owners residing on Court street be granted and that they be given permission to build a sidewalk on Court street, provided that all property owners sign petition. Motion carried. Motion by Overton, seconded by Justen, that the clerk be instructed to order an eight hundred-gallon tank of oil of same quality and at same price as formerly ordered this year. Motion carried. Motion by Justen, seconded by Overton, that a vote of thanks be extended to the American Legion for their efforts in behalf of the McHenry Fire Department. Motion carried. Motion by Overton, seconded by Frisby, that the bids on fire apparatus .be held for further consideration. Motion carried. Motion by Perkins, seconded by Overton, to adjourn.- Motion carried. D. G. Wells, Mayor. - J|» F. Conway, Clerk. QUARTER OF A CENTURY TEMS CLIPPED FROM PLAIN - DEALERS OF 25 YEARS AGO J. H. Miller, the hustling monument dealer of this place, erected six monuments in one day last week at Long Grove. He is now working on a large Vermont granite monument to be erected on the lot of John Tweed at Fox Lake. Geo. H. Hanly's horse trainer met with a slight mishap'Wednesday. He was driving Mr. Hanley's horse, "Loafer," and near the depot the horse became frightened and upset the cart, throwing the driver out. Sunday there were forty guests for dinner at Stilling's Hotel at the Bay. At present the following are registered for the summer: L. L. Rinn and wife, end daughter, Gertrude, L. 'H. Baner and wife, August Ackemann and wife, .Louis Althen and son, Casper, and daughter, Irene, of Elgin; Mr. Elder, of Bloomington, and Mr. Marks, of Chicago. The following is the statement of the McHenry Creamery Co. for the month of May, 1899: Amount milk received, 493,134 pounds; amount butter made. 21.763 pounds, amount money received, $3734,65; average yield per 100 lbs. milk, 4.41; average oil test of factory. 3.71; average cost of manufacturing, 1.6; over run, 18.8; average price per 100 lbs., milk 68.57. f Friday, June 30, 1899 The P!stakee Yacht club has now the largest membership of any yaeht club hereabouts, numbering 220. The ra;lroad from Fox Lake to Libertyville is a certainty. The material is already on the ground and Its erection has begun. Thos. Frisby of this place and Miss Mabel Whitely of Big Foot were married at the home of the bride at Big Foot Wednesday. In the Champion mower teat at Dondee last week Wm. Stoffel of this place and one of the Champion company's agents, assisted General Agent F. W. Schackelton. " ; Henry Wilson who residei oa the Nunda road, was kicked in the face by one of his horses Saturday and for a time the wound seemed serious. Dr. Wells was called. Stephen W. Granger, of Milwaukee, Wisconsin, brother of Senator Granger of this place, passed away at Milwaukee last Saturday. Senator Granger and wife attended the funeral Monday. A farmer's telephone system if about to be installed in McHenry county. The move was proposed by Hunt Bros, of Greenwood, who have fo» some time past been working for that purpose. Matters at the Bay have been quiet this week, but an outpouring of people is expected next week. The yacht race last Saturday was won by (Commodore Hertz, who beat his opponents by nine minutes. Joseph Schaefer died at his home about a mile north of this place, early Monday morning. The funeral services were held at St. Mary's Catholic church Wednesday morning at 9 o'clock, tfith a solemn High Mass by Rev. Father Kirsch. Monday morning as Fred Willey was driving on Main street toward the depot, the wagon tongue slipped from the neck yoke, and in an instant the wagon ran against the horses, frightening them to such an extent that they dashed down the street, passed the depot and into a ditch near the road side. The "Queen Esther" entertainment Friday and Saturday evenings was the means of congregating, audiences in Riverside hall that have not often appeared there. It was well patronized each evening and the M. E. and Universalist societies will realise a great deal more money from it than they anticipated. ° A large class were given First Communion in St. Mary's Catftoiie church Sunday. Rev. Father Kirsch made this an impressive occasion as it was the first in the new church. Those who constituted the class were: Mary Weber, Frances Buss, Margaret Blake, Mary Freund, Catherine Justen, Millie Lawrence, Elizabeth Niesen, Mary Meyers, Helen Stoffel, Lucy Simon, Margaret Schreiner, Emma Thelen, Christina Weber, Mary Weber, Catherine Winkles, Anna Weidner, Johannah Weidner, Louisa Zens and Masters Geo: Freund, Michael Engeln, Casper Bickler, Peter Bauer, John Lcickem, Willie Heiftter, Peter Justen, John Miller, Henry Simon, Willie Stoffel, John Weidner and Joseph Schaefer. One hundred and fifty couples attended the dance at Stoffel's hall July 4. Messrs. and Mesdames R. H. Owen and' L. W. Clefton rode out from Chicago Monday on their tandems and re- pendicitis. ADDITIONAL EXCHANGE " Charles B.. Sullivan, prominent Marengo auctioneer, passed away at St. Joseph's hospital at Elgin one day tecently following an operation for apturned Wednesday to Chicago. W. C. Anners departed Monday for New York City, where he will join his family. Mr. Anners was engaged in the jewelry business here for some time and was located in^fke G W. Beslcy drug store. Mrs. Abigail Sherman died at her home near this place Tuesday after being seriously ill for about two weeks. She was the wife of Samuel Sherman and was fifty-five years old at the time of her demise. Last Sunday Father Meehan announced his intention of leaving Liberty vi lie to take charge of St. Mary's Catholic church at Sycamore, DeKalb county. Father Meehan came to Libertyville from Belvidere nearly two years age. Tuesday was the glorious Fourth and big preparations were made in different of the country for its proper celebration. Here in McHenry the members o* the St. Mary's Catholic church pave a picnic in Wheeler's tyroVe just across the river. Sixty-one years ago Tuesday Hon. Geo. Gage and his wife, Mrs. Martha Gage, were joined in the holy bonds Creditors have taken over the Lembkey Auto Sales Co. at Harvard to sat-, isfy the claims against the busineas • enterprise. The concern had been la business for a number of years. The Marengo Republican News has been sold by Mr. and Mrs. Albert L. Johnson to Bruce Marshall of low*. Mr. and Mrs. Johnson expect to move south on account of the latter's health. The Aurora-Joliet cement road link was opened to travel on the Fourth. Motorists from the north can now travel to Joliet on the cement front a point a short distance south of Algonquin. Mrs. Anna Garvin of Wauconda liat Saturday filed suit for divorce against Thos. Garvin in the Lake county court at Waukegan. She charges many acta of cruelty. The Garvins have two children. Giertz & Son, who are at work on the Woodstock end of Route 20, l*id eight hundred and sixty feet of cement on Tuesday of last week, the best record made in a single day since, starting the contract last year. N. S. Spencer & Son, Chicago ar||*' >f matrimony. They still survive and itect3, have been engaged tc draw the are now living with their daughter and | Plans for the proposed new community her husband, Mr, and Mrs. Homer Clemens, who reside jtnt sooth of this place. Active work has begun on the Fox high school building at Hebron. The plans, as outlined to the architects, call for a two-story structure 128x60 feet. Bruce McClellan, who was a June Lake railroad. It is now rumored that graduate of the dairy class of the the St. Paul is behind the enterprise and it is also probable that the road may be extended all the way to Madison, Wis.p thus lessening the distance irom Chicago to St. Paul by way of the St. Pkul line fifty miles. Life at the Bay struck a merry gate Saturday, for in years past people never came to McHenry in larger numbers in any one day than they did last Saturday. Two sections of each of the-afternoon trains were run and the livery service of McHenry was out in full force. As a result this week the hotels are all full and every cottage has an occupant. This has been the University of Illinois, has taken up his new duties as cow tester for the McHenry County Cow Testing association. He is very highly recommended by the university authorities. Owners of property in the farm and residential communities near the sceptic tanks in Harvard petitioned the Harvard city council on Monday evenine of this week for relief from what they say has bocoroe an unbearable condition as a consequence of odton from the tanks. Owing to the company's inability to get skilled labor to come to that city, the Operator's Piano company, which great regatta week at the Bay, but; for a number of years has conducted a unfortunately the weather has not' factory at Genoa, 111., is about to disbeen favorable. I mantle the plant and move the equip- The Plaindealer begins w*th this j me.nt <*> their newly completed factory issue the twenty-fifth year of its jour- building in Chicago. nalistic career. It was first issued on Aug. 4, 1875, Jay Van Slyke being the founder and proprietor for nearly twenty-four years. It has always been considered strong in the journalistic field of McHenry county. The following are twenty-five of the first subscribers: Hon. Geo. Gage, Messrs. P. D. Smith, John M. Smith, David H. Smith, F. A. Hebard, Jacob Story, Dr. H. T. Brown, H. C. Smith, E. Perkins, W. F Tilton, B. Gilbert, E. M. Owen, Jacob Bonslett, Smith Searles, C. B. Curtis, B. N. Peck, Jacob Blake, M. Englen, Joseph Buch, Jos. Wieden.an, Hinton Wheeler, N. G. Mayes, Ralph Stebbins, Perry & Martin, O. W. Owen. The third annual mid-summer festival and automobile show, under the auspices of the American Legion posts of Genoa City, Wis., an4 Richmond will be held at the State Line park on August 14, 15 and 16. The festival this year gives promise for the best ever held by the sponsors. The case of William Schults of Lake Zurich was dismissed in Justice court at Waukegan last Saturday. Fred Huntington, a neighbor, had charged Schultz with dropping poison in his fields for the purpose of killing his live stock. The court was convinced that the charges were untrue and dismissed the case. is the education of the public as to who you are, where you are, and what you have to offer in way of skill, talent or commodity. The only man who can afford not to advertise is he who has nothing to offer the world in the way of commodity or service. > PLAINDEALER • •• I • * •is*1'r c'y.- m.