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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 14, 1936
Page
13
The document outlines how gains or losses from sale or exchange of capital assets are taxed for noncorporate taxpayers. It defines capital assets, details holding-period rules, and sets percentages of gain or loss to be recognized. It also notes an important loss limitation of 2000 dollars plus gains, and covers short sales and failed options.
Columbus February 14 speculation on Secretary of State George H. Myers’s gubernatorial bid ends as he formally announces his candidacy for election to the state supreme court.
United States Steel shipments in January set a record for any January since 1931, lifting US Steel stock price. Dow Jones & Co. predicted higher operating profits for the quarter ending March 31 based on finished steel shipments and a favorable outlook into March. January shipments rose to 721,414 tons from 661,515 in December, with earlier monthly highs cited. Steel production this week was estimated at 520 percent capacity, up from 500 percent last week and 509 percent a year ago. In Elyria and Lorain County, residents and workers cheer the steady uptrend and bright future for the steel industry.
A Detroit police shooting of a jailed suspect named Knobel highlights how repeated escapes and parole failures shape crime outcomes. Knobel, a career criminal, had multiple prison terms and escapes before a 1934 burglary, with police later recovering stolen goods and a loaded shotgun. The piece critiques parole and sentencing policies as costly and ineffective.
Dr William De Kleine of the American Red Cross says medicines may ease cold symptoms but cannot cure a cold. Most doctors agree rest in bed, avoiding hot rooms, and staying indoors during a cold attack are best. Colds spread easily, and bed rest plus nature are the main remedies.
Notes mark anniversaries of Christopher Latham Sholes, Hancock, Juliet Corsen, Anna Howard Shaw, Israel Zangwill, Florence Roberts, Walter W Liggett, and others. Includes milestones like Oregon statehood, Bell Gray patent clash, Commerce and Labor split, Arizona statehood, the Chirazos massacre, and Michigan bank closures.
A list of prominent figures with birthplaces and ages: Rev. Tubias A Nieuwland of Notre Dame, organic chemistry professor born in Belgium aged 68. George Jean Nathan of New York, editor and critic, born in Ft Wayne, Ind, ages noted. Judge Thomas S Williams of Louisville, Ill, born Louis ville 64 years ago. Rear Admiral William C Watts of Philadelphia, 56. Charles Rann Kennedy of Millbrook, N Y, dramatist, 65. Dr Robert F E Park of the University of Chicago, sociology professor emeritus, born Luzerne County, Pa, 72. Rt Rev Wyatt Brown, Bishop of Harrisburg, Pa, born Enfala, Ala, 52.
An intellectual individual with a scientific mind shows fluency of expression and potential for mischief if not restrained. The London Museum houses a collection of Valentines numbering over ten thousand, signaling a large historic display alongside concerns of impulse and danger.
Mrs. Mary Maholic of Lorain filed suit alleging threats of personal violence by her son Anthony Jr to force signing away two thirds of a share left by her husband. She alleges he produced a deed on February 2 at his home and refused to cancel the deed after she refused to sign. The petition seeks court cancellation of the deed. Mesopotamia of Iraq raises dates and states it produces 80 percent of the world’s dates.
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