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Newspaper
Lordsburg Liberal
Location
Lordsburg, New Mexico, United States of America
Date
Feb 12, 1925
Page
2
The Southern Pacific notes its New Mexico holdings exceed 500 miles of track and credits state support for a coast to coast route. It stresses ongoing need for favorable rates and service to grow traffic, jobs, and regional prosperity, while warning against burdens that would raise costs.
September 15 1922 saw a world heat record of 196.4 degrees at Azizia. Since last year US bus lines grew by 1500 and 5400 buses were bought for about 30 million dollars. A medieval armor relic was found 18 miles south of La Junta Colorado possibly linked to a Spanish armored band. Copper gun stock and a flintlock blunderbuss were unearthed nearby on Rigi Klum Mountain Switzerland.
A Western mining leader predicts the copper industry will grow substantially as rail electrification in the United States and Europe drives demand. He calls for maximizing copper output as a foundational Western industry with billions possibly invested to expand facilities over the next decade.
Secretary Hoover stresses that radio progress hinges on audience mindset not devices. Listeners demand quality over junk as broadcasting sharpens service and filters out excess noise.
The note compares a proposed Australian fine for not voting with potential US revenue, and recalls Elizabethan times. It cites the Tower of London keeper’s yearly pay around $500 and allowances given to proud offenders. It adds that various Thames River fees and goods were part of his perquisites.
Farmington refinery to finish by April 1 with doubled capacity by year end. New Mexico 1924 output of gold silver lead wine copper valued at 12 434 000 up from 11 573 805 in 1923. Albuquerque University of New Mexico seeks 300 000 for new buildings. Clovis contract for Main Street store building. Santa Fe Railway boosts dividends to 7 percent. Hospital work and road, line construction projects underway across cities. Glenrio seed growers association organized.
A. W. Morningstar of the First National Bank Building and M. M. Crocker a physician and surgeon practice in Lordsburg New Mexico. The listing highlights two prominent local professionals serving the community.
The 1924 Revenue Act bases personal exemptions on months of single, married or head of family status through apportionment. Earlier law used year-end status. example shows a taxpayer married Sept 30, 1924 would gain exemption of 1375 for year, with nine months as single worth 750.
The text explains exemptions based on filing status such as single married head of a family and how rates change by June 30. It notes how the $400 dependent credit depends on the taxpayer's status as of the last day of the year and that support cessation during the year nullifies the credit.
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