Winter, Business, and Local Notices From Corry
Numerous items from Corry include an electric system report showing a 98 percent rise in output, a broken into gas station attempt, and earnings of the Pennsylvania Railroad hitting 83 million dollars in January. Also reported are Legion activities, tax collection impacts from bad travel, polling registration February 26, wage changes in state departments, an American Legion essay contest, weather disruptions, and a community rink delay in skating until weather improves.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
City Purchases Require Council Approval Beyond Budget
City council minutes reveal new rule that purchases over budget need prior appropriation and council approval. Transfers are banned in the first quarter. past practice of moving funds is discouraged. Administrators address bond custody, stoker issues, and upcoming fire alarm system plans for Corry Hospital with a street light request and assorted routine business.
MENTIONED IN THIS ARTICLE
Ector of Finance
M. Leo Bfulderieie
Counsell
Purc
Glen Miller
Wns
M. L. Mulderfelt
Corry
F. J. Weavlis
Property
Gamewell Fire Alarm System
Corry Hospital
Smith and
Center Streets
Talem
West Church Streets
Weaver
Sarsty Duke
Mulderick
Westley
Citizens National Bank
C. L. Alexander
C.S. Steadman
Tax rules for capital gains under Section 117
The text outlines how gains and losses from capital assets are taxed under Section 117. It explains percentage recognition based on holding periods, definitions of capital assets, exchange basis rules, and limits on losses for noncorporate taxpayers, including short sales and option-related gains or losses.
Meeting of Mentor Club Hosts February Session
Menthera of the Mentor Club gathered February 17 at Mrs J B Patterson home on South Center Street with fourteen in attendance. Mrs L R Donaldson presented the program piece titled When Queen Elizabeth Rode By. New member Mrs R J Fogle attended, while member Mrs Jessie King Newton was reported ill at Coty hospital. After business, a salad course was served.
MENTIONED IN THIS ARTICLE
Menthera
Perio
J. B. Patterson
South Center Street
L. R. Donaldson
Queen Elizabeth
R. J. Fogle
Jessie King Newton
Coty Hospital
Meeting Called for City Youth Program Council
Announcement invites all participants in the National Youth Administration program to a council meeting at Corry Public Library on Wednesday at 1 20 p m. Henrietta Kuhn, Bryypill president, presides. Friday evening’s meeting was postponed.
MENTIONED IN THIS ARTICLE
National Youths Administration Program
Philadelphia Inquirer defends libel case over Margiotti links
The Philadelphia Inquirer went on the defense in a libel case stemming from an article last September that hinted at Karl Margiotti using attorneys to push delinquent tax collection schemes. Contracts tied to Venango County commissioners were cited, with Sebastian Pugliese and Samuel Wilson named as involved parties and alleged 40 percent commissions discussed.
MENTIONED IN THIS ARTICLE
Fingwea
M. Leo Mulderick
United Press
Hip
Venango County —Commissioners
Sebastian Pugliese
Evang, Sr
Samuel Wilson
Frst
Margiotti
Wilson
Tor
the Tnquirer
Margiot
Venango
Pugliese
Hvans
Ayana
Familiar Figure on Streets Here Dies
Margaret Healey aged 68 a well known city figure died at Haenot hospital at 625 PM from pneumonia and heart failure noting she was found on State street after being moved from the Lafayette Hotel She leaves a son Donald Healey in the Asiatic fleet of the U S Navy and the body was sent to Lee W Holden Funeral Home 2408 Holland street Authorities seek her relatives while the paper notes large annual use of paper in the graphic arts industry and world circulation figures.
MENTIONED IN THIS ARTICLE
Werse
Margaret Healey
State Street
Haenot Hospital
Lafayette Hotel
Trie
Donald
Capital Assets Held One Year Or Less In Tax Rules
The text discusses Section 117 provisions for amounts received upon refinement of corporate bonds and similar evidences of corporate indebtedness and interest coupons or in registered form. It states such amounts are treated as received in exchange, creating capital gain or loss for the holder.
MENTIONED IN THIS ARTICLE
Igalao
Paraguy Falls to Vetin Quick Revolt
An army mutiny in Asuncion prompts a rapid change as veteran officers seize control after a short revolt. A provisional government is formed, with Foreign Minister Lula Rinee and Gen. Taw Fells Baligarning noted in early reports. Paraguan authorities pledge to honor existing peace agreements as negotiations continue.
MENTIONED IN THIS ARTICLE
Preas Asungion
Paraiguay
Busebhi Aywli
Webel
Lula Rinee
Taw Fells
Baligarning
Buenos Aires
Rafael Fanco
Deura
Asuncion
Funeral Services for Paul Dietsch
Funeral services for Paul Dietsch were held Saturday at 2:00 PM at the Rose Hill Church. Rev Ralph Uly Arson officiated, with music by Rev Joseph Wivrsuny and others. burial followed at Oakland Cemetery. pallbearers included Paul Brown, Stanley Riggs, Merle Jordan, Jesse Smith, Fred Loehnes, Earl Palmer. Friends attending included Margaret Hurtey, Mr and Mrs Christie Hudson and Son, Mrs George Deschamp, Mr and Mrs Charlee Griliam, Mrs Timer Shuss, Mrs Wolford, and Miss Ethel Pier.
MENTIONED IN THIS ARTICLE
Hunonalaneverss
Phil Dieteli
Joneph
Warrun
Wren
Ot Gining
Ralph Ulyarson
Warren
Elieh Georgy Syrvid Sane Ie
Kale Mumbers
Ty Merle Jordan
Tie Terment
Oakland
Coretery
He Beavers
Paul Brown
Stanley Riggs
Merle Jorlan
Jesse Smith
Fred Loehnes
Earl Palmer
Cony
Margaret Hurtey
Mir
Timer Shuss
Sy Wolford
Misa Ethel Pier
Also Mentioned on This Page
Board Euention
Associated Gag & Electric System
Zaleneek Brothers
North Center Street
Haines
Nadamfendy
Poller
Uwisted
Corry Membbers
American Legion
Erie Station
Jor Miller
Lineaville
Meadville
Erie
Frank
George H. Gordon
Ralph C. Benedict
Igior
Bord Today
Oscar Scott
Wayne Township
Joh Scott
Ada Blakeslee Scott
State Department of Labor and Industry
Health Department
Mary
Wollaston
Ridgway
Clerke
Howard J. Sheen
North Center Shrout
Council
Phila. Inquirer
Tolepo
Graphic Arts Industries
Tolein
Uae
Chapin
Frank C. Chapin & Sons
Corry, Penn
Paraguay
Vetsiin
Puaguayan
Paul Dietsch
TSU
Tnengonny
Elie Ruagays Helier
Neolay
Shardewant
Mayville
Otis Talwol
Howl
Moniy Thoek
American Tobacco Company
Mange
Iitother
Verifi
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