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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 01, 1918
Page
3
Federal tax officials urge storekeepers to count stock this week to tax gains from inventory on January 1, 1918, versus January 1, 1917. Decreases in inventories affect annual profits or losses, said Collector John F. Malley for Massachusetts.
A letter from a storekeeper illustrates how to compute true 1917 income for tax purposes. Officials explain inventory methods, stock changes, and how net profits, exemptions, and war and 1916 taxes affect whether a store owner must file, with examples and thresholds for single and married filers.
A reader asks if deposits in savings banks are subject to income tax. Officials say the principal is not but the interest earned is income. The piece also notes that Civil War veterans' pensions are taxable.
An old advertisement touts Hood’s Sarsaparilla as a blood purifier and appetite enhancer, paired with Peptiron iron celery nerve tonic and Anat family laxative. It promotes a combined three-medicine regimen for blood, nerves, liver, digestion, and bowel relief, urging immediate use.
Filing begins but blanks not yet received at 185 Devoncaire Street. Announcement of receipt to follow in the Post. Collector John P. Malley expects delivery within a few days.
Mrs. Giovanni Bertini was arraigned in the First Essex District Court in Salem and held on $4000 bail for the grand jury. Friends posted the bail and she returned home to her children after her counsel waived examination.
An explosion in a steam vat at the Hstes mill demolishes part of the bleach house and braid room in Fall River. The top of the vat blew through the roof and investigators probe the cause. The company holds government contracts for absorbent cotton rope and mops.
Sylvester Parham, 32, of Winchester, pleaded guilty in Woburn Court yesterday to shooting and killing Francis A. Roberts at the Parham house on 49 Harvard Street and to wounding his wife Georgette Parham. He is held without bail for the grand jury. Mrs. Parham is hospitalized with a left arm wound.
United States Commissioner Hayes heard evidence against John McCormack of Lowell charged with selling liquor to soldiers in uniform. Asked if he had been arrested before, McCormack replied yes, 42 times, shocking the courtroom. He was held in 500 dollars bail for the federal grand jury.
Salhpm Dec 31 Salem held its first Lightless Night with all signs extinguished and street lights turned off. Main Street remained dark except for illuminated store interiors.
State Fuel Administrator James C. Hamlen ordered a Fairfield manufacturing concern to sell 20 tons of coal and 200 cords of wood at a reasonable price or face federal commandeering. The notice also covered 200 cords of wood in Farmington. Dealers were halted from delivering coal to two Portland residences after investigators found stock on hand.
In the Monte Tomba region on the northern front the French captured enemy positions between Osteria di Monferen and Maranzine. They also took about 1400 prisoners, 60 machine guns, and seven cannon, according to the war office.
A large sum of money was found in a mailbox at Washington and Hollis streets the day before Christmas. Michael Feeley, the letter carrier, and Postmaster Murray reported many callers seeking the money's owner. A man claimed $190 had been separated from the roll, but no one can describe the container or accompanying papers.
Frank A Reichart of Dorchester near Maryland street joined the Boston police as a reserveman with 35 new appointees. His resignation was accepted promptly before he reported to City Point station, as he preferred work as a pressman in a downtown job printing house.
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