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Newspaper
Clare Sentinel
Location
Clare, Michigan, United States of America
Date
Mar 09, 1951
Page
4
The article outlines tax avoidance within legal limits, urges accurate records, and lists options to reduce and defer taxes. It explains Form 1040A for low earnings and Form 1040 for higher income, standard versus itemized deductions, and deductions for charitable gifts, mortgage interest, taxes, casualty losses, and medical expenses.
On March 28 1951 G W Wagar of the Michigan Department of Revenue will assist Clare residents at the City Clerk's office from 1 to 5 pm with intangibles tax returns due by March 31 The tax covers mortgages land contracts bank accounts cash notes receivable stocks and similar items United States bonds are exempt and bank deposits and Michigan bank stocks are paid directly by banks The department warns taxpayers to file and notes penalties for noncompliance Attendees should bring holdings details including face value par value income and last year's return.
Leo Brown of Brown & Brackart Sales & Service in Clare was elected president at the Tuesday meeting. He will serve starting Mayist with new officers including Vice President Bud Hubbell Secretary Gene Rowland and Treasurer Russ Tompkins, all from Mt Pleasant. Retiring officers include President Lee Johnson Vice President Cecil Lannen Secretary Bud Hubbell and Treasurer Bob Archambault.
The Miscellaneous heading allows wage earners to list non trade deductions such as union dues and certain job related expenses. It notes items like asbestos gloves or necessary wearing apparel used for the job that cannot substitute for regular clothing.
Rev. Moffat, former Brazil missionary and Deputation Director for the Association of Baptists for World Evangelism, attends the International Conference in Geneva and urges urgent global information sharing. He plans lectures and slide shows on countries visited, with nightly screenings for area audiences at Clare Baptist Church from Wednesday through Sunday at eight.
Emergency Aviation Council in Washington and Lansing outlines 26 Civil Air Defense Units covering 75 to 100 aircraft across Clare Isabella Gladwin Midland Bay Arenay counties. Ernest Irwin and Lester Maitland head plans for mobile units and radio network with CAP support for rapid dispatch to disaster areas.
Sealed proposals to carry U S mails for the Clare to Harrison 16 miles route six days weekly are requested by 5 15 p m May 3 1953 at the Second Assistant Postmaster General Washington D C The contract runs July 1 1951 to June 30 1955 with daily departures from Clare around 8 45 10 00 a m and returns from Harrison at 4 00 p m except Sunday Information available at the local post office
Danny Burdo returns to town with a warm smile after winter sports at Mt Tren Blant in Quebec and sets up at the Clare Furniture Company store. The Clare Office Supply Company moves into the building bought by Arthur B Skeats at 102 West Fifth St, formerly The New Yorker. Wm. D. Holmes, ex-Clare resident, heads the store with Miss Betty Bay helping from Mt. Pleasant.
Freeman township Board of Review will convene March 12 and 13 at 9 00 a m at the Freeman Community Hall formerly known as Freeman No 4 Schoolhouse 2312 Leo Harris chairman
Lake Roller Rink on US-10 six miles west of Farwell posts a winter schedule of skating on Saturday and Sunday nights.
Dan McDonald, a local Ford dealer, invites car owners to try a budget plan with no down payment for mower and transmission services.
Classified liners provide details of a 1946 convertible Ford deluxe with radio heater spot light new white wall tires life guard innertubes factory rebuilt motor with only 7000 miles priced at 795 dollars phone 88 W Farwell Also rags custom weaving service and a stray dog reward notice from Harrison Clare and surrounding area listings for tires milk route and dining room set sales mix filled with garbled entries indicating a busy classified page.
At Clare Michigan the Citizens State Bank reports resources total 77 147 40 with loans and discounts 39 764 65 bonds and mortgages 5 000 00 cash in vault 3 938 00 and deposits 57 147 40 The bank organized January 1909 and issued its first report in 1909 as a reflection of forty two years of progress and integrity in step with the local community.
The Citizens State Bank of Clare Michigan reports December 30 1950 condition with Loans and Discounts 1 909 867 46 United States Government Bonds 1 060 824 49 Municipal Bonds 428 723 94 Cash on hand and deposits in Reserve City Banks 147 117 84 Stock of Federal Reserve Bank 6 000 00 Banking House and Furniture and Fixtures 24 785 00 Total 4 177 318 73 190 000 00 100 000 00 128 411 28 3 848 907 45
A historical account notes starting capital of $20,000 for Clare's Citizens State Bank, now over $300,000, with steady gains, no depositor losses, and FDIC and Federal Reserve membership. It credits early officers for fostering economic growth and highlights modern equipment and safety features.
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