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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Feb 19, 1935
Page
5
The text outlines new capital gains rules under Section 117 of the Revenue Act of 1984. It sets holding period based percentages for gain or loss recognition, limits deductibility, and defines what counts as a capital asset. It also notes exclusions for stock in trade and property held for sale to customers, and applies a $2,000 loss deduction plus gains limitation across taxpayers including corporations and banks.
Personal mentions detail Robert Duma visiting Cleveland friends for a day or two, Miss Flora Inman of Union City as guest of Corry friends, and numerous journeys to Jacksonville Daytona Beach and Erie for visits, conventions, and funerals. Names include Ames Mead Wright Barker Fahey Keilaring Newhouse and many others in shared travel and hospitality notes.
In Erie on February 18, two teenage girls Alice Mitkowsii eighteen and Lillian Wisniewski seventeen faced possible prison terms after admitting to perjury during testimony in the case of Theodore Nietkowicz twenty, linked to a robbery with about 9100 taken from B. H. Lagan. The trial, tied to joint suspects including John Pasky twenty-four, resulted in Nietkowicz and others being implicated. the girls were sent to Morganza reformitory pending further proceedings.
New York February 19 Stocks eased after the 2 15 pm quote slight losses predominated with many issues down while a few special issues gained. Major names include American Can American Locomotive American Smelters Anaconda Bethlehem Steel Studebaker Westinghouse Electric Woolworth Texas Co and United Corp among others.
Seven men were arrested in Wilkes-Barre Pennsylvania on February 11 in connection with the bombing of miners’ homes in the northern anthracite field since February 1 when the Glen Alden Coal Company strike was called by the United Anthracite Miners of Pennsylvania. Tiny Smith of Goldsboro North Carolina claims to be the smallest person in the state, weighing about 3 ounces and measured late in January. his parents feed him with a medicine dropper.
Mark and Vanya plot an on board marriage on the Porpoise as tensions rise aboard Tongatabu. Loring’s drunken voice and Shene’s crude remarks heighten the peril while a grim pact and uneasy betrothal loom over the voyage toward an uncertain shore.
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