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Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Oct 21, 1913
Page
4
In Chicago and suburbs rates are listed by the Mobile Item Company Inc. The Sunday issue costs 94.00 for one year and 1.00 per week for suburb delivery. Editorial and news contact details appear under Bell 152 and Home 5.
The document presents a 1913 Mobile Alabama newspaper ethos asserting aims to inform readers accurately of world events, movements of interest to humanity, to praise men and measures, to combat evil and injustice, promote moral and social principles, and serve public welfare through impartial discussion of public questions.
Newspapers report ongoing moving picture showings at venues like Dreamland Orpheum and Royal, while Mobile and Ohio Railroad faces a deadly Sunday derailment. Officials say the crash was due to an unforeseen mechanical failure, not operator negligence, and the Commerce Commission will investigate.
A legal opinion from Dillon Thomson & Clay of New York outlines how the 1913–1918 era income tax applies to interest from state and territorial bonds and to sub divisions. It explains normal and additional tax rates, exclusions for state and territorial obligations, and the treatment of sub divisions and guaranteed interest.
The text explains how corporations with bonds guaranteed against taxation face tax treatment. Interest on guaranteed bonds is taxed at the corporate level with no deduction for that interest for normal income tax. Individuals receiving such interest may owe additional tax if their net income exceeds $20,000, requiring a personal return to determine the excess.
Washington notes five Central American republics seek to form a united state under U S guidance. Support for a single nation aims to reduce revolts and protect the Panama Canal while U S would supervise customs houses to curb uprisings. Mexico’s entry is deemed unlikely.
New York reports Senator Nelson W. Aldrich criticizes the currency bill at an Academy of Political Science dinner. He notes the need to correct details, especially among bankers who oppose the twenty percent core of the measure. Vanderlip and other bankers voice approval of much of the bill, urging careful amendments before presidential signing.
Senate passes the Clapp bill restricting money moving between individuals corporations and committees for federal campaigns. It targets blocking direct interstate money flow to influence presidential and congressional races while allowing reporting requirements and exemptions for national committee dispersals.
The York press reports a gubernatorial candidate nomination and acceptance amid political maneuvering. Mention of Pro-Columbia influence and potential interference in courtship of Japanese favor noted as part of the unfolding story.
The passage argues that Texas's rapid growth is proven by census and economic data. It notes population rising from about 815,000 in 1870 to nearly 4,000,000, tax values from $170 million to about $3 billion, and railroad mileage expanding to 14,000. It highlights Texas’ cotton dominance and urges domestic use of raw materials through converted products.
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