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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 07, 1920
Page
2
The text notes a tax cut for the year with rates dropping from 6 or 12 percent to 4 or 8 percent. If income stays the same, the taxpayer pays less tax than in 1919, presenting a pleasant surprise for filers.
The text explains that every person in Massachusetts must file with the collector of internal revenue. Filers with income at or below 1000 for singles or 2000 for married couples do not owe tax but must show how they earned that money. It notes 20,000 in Massachusetts failed to file last year and were fined five dollars each. It also mentions exemptions for military and naval service and advises waiting for new income tax blanks before applying.
Bankers from clearing houses nationwide attended the Federal Reserve Board gathering in Washington. They did not finalize a decision on interest rates for bank balances but agreed to hold another conference. It is hoped an agreement may curb competitive bidding for out of town deposits between New York and inland cities.
At bankers request the Federal Reserve Board calls a Jan 28 Chicago conference with three reps from each district to set a mutually satisfactory basis for interest on balances. Governor Harding says the board acts independently from clearing house rate rules and expects possible rediscount rate increases. Bankers elect Woodward chair Wade vice chair Washburn secretary. The group opposes the sliding scale and high balances interest, urging cautious regulations and independence in discount rates.
The American Manufacturers' Export Association began action to relief from trade mark piracy. It sent an appeal to the Washington State Department asking the American ambassador to protect patentees whose marks have been appropriated. The group cites over 40 auto trade marks stolen in Portugal and hundreds worldwide. It calls for stronger international treaty protections in light of peace treaty provisions.
Lawrenc eh, Jan 6 A brawl in a stable loft left a police sergeant and two patrolmen badly beaten by four men fueled by "jakey" The men and a woman were arraigned in the local Police Court Judge Mahoney continued cases until Sergeant Reardon fully recovers from two broken ribs to testify
Carrie McNeil opposed a suitor James F Stillienes who showed her a pistol and spoke of shooting her in Central Court. Officers arrested him at East Dedham Street station. Judge Sullivan sentenced Stillienes to six months in the house of correction.
The Eleanor A. Percy, a six-masted coal carrier, foundered in mid Atlantic on Christmas Day. The loss reduces the dockside fleet to seven of ten, leaving Edward J. Lawrence, Wyoming, and Ruth BH. Merrill as the remaining afloat boats built at Bath over the past two decades.
Washington January 6 Congress was asked by the Labor Department to provide a special fund of 1 million dollars to enforce laws against alien radicals and an additional 150 thousand dollars for their deportation.
Ottawa Ont Jan 6 The governor general signed an order in council authorizing the minister of customs to refuse export licenses to newsprint manufacturers who defy the controller of paper. Another order enables requisition and distribution to Canadian newspapers of any newsprint not delivered on the controller's orders with compensation set by the controller. Penalty for non compliance is 500 dollars a day up to ten days.
The Federal Trust Company plans to remodel at 258 Washington Street risking loss of the upper floors entrance to 256 Washington Street. Harvard College owns 256, leased to Estabrook & Eaton, which may close the 268 doorway. Proposals include a Devonshire street cab elevator or an exit on No 258, but both entail cost and property disruption.
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