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Show poor copysj SUG-Li- l CAfHV; CUUK1KK.' HYKUM, UTAH South Cache Gouriei UJLIWH Published Everj Fiuay at Hyrum Utah. J. A. WAHxEN. Publisher. V,i IT- - JSU7I30SSV l Spvl 3IVBTO Information as to Tax Dividends Under Treasury Decision 3548, returns of information for calendar year 1923, are required with respect to payments of dividends made by corporations to individuals, partnerships and fiduciaries. Section 250 of the Revenue Act of 1921 provides that every corporation shall, when reqired by the Commissioner, render a correct return, duly verified under oath, of its payments of dividends, stating the name and address of each stockholder, the number of shares owned by him, and the amount of dividends paid to him. In accordance with the foregoing all domestic corporations not specifically exempted from taxation are directed to file returns of information on Form 1097, showing the amount of payments of dividends and distributions to stockholders who are individuals, fiduciaries Returns of informa-iowill also be required of resident foreign corporations to the extent that dividend payments and distributions are made to citizens or residents of the United States and domestic partnerships and fiduciaries. These leturns shall cover all such payments made during the calendar year 1923. .. Returns of information with respect to payment of dividends, called for by T. D. 3548, will not be required in cases where the amount paid to the shareholder during the calendar year 1923 is less than n $500. Stock dividends and other distributions should not be non-taxab- le reported. Liquidating dividents should not be reported except to the extent that they are paid out of earnings accummulated since Feb. 28, 1913. When filling in Form 1097 only the name and address of the shareholder and the aggregate amount of dividends paid need be entered. The data called for will consist of the name and address of the stockholder, the number and class of shares owned by him, the date and amount of each dividend paid him, and when surplus out of which it was paid was accummulated. The returns should be rendered under oath and forwarded to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C. An extention of the time in which to file such returns has been granted to June 15. 1924. Forms 1097 are now available for making the required returns of information as to dividend payments amounting to $500 or more made during the calendar year 1923. U. of U. News Word was received last week that Prof. Levi Eldgar Young, head of the Dept, of Archaeology and Instructor in Western History at the University of Utah, has been made a member of the Author's Club of London, which has had for its president for the last few years the noted English novelist Sir Thomas Hardy. Prof. Young was recommended for membership in the club by Sir Gilbert Parker, Sir Arthur Conan Doyle, and Sir Philip Gibbs, all of whom- were entertained recently by Professor Young .xci1: A-- . f "U - Is Five Cents on the Dot lar of Valuation Too Much to Earn? FO A A c kx ays iy v i-.: ; i No. 5055. EDITORIAL , J IfcipF V J-- 41 That which serves all the people should be paid for by all the peo pie. That which is paid for by al the people should be under the control of all the peoplel These are truths. We act by them when we build a Panama Canal, set aside and care for an area of natural beauty as a public park, give land to a trans continental railroad, establish and run an Army and a Navy, and conduct a Postal System. The entire Nation pays to build and maintain a Navy to protect New York and other seacoast cities The people of a great many States never see a battleship during their entire lives. There is no valid objection to this, because everyone realizes that the capture or ruin of the seacoast cities would affect the entire Nation. The same principle holds in the construction of a national system of good roads. The whole Nation will benefit vastly from good roads in increased prosperity, better education, and development of natural resources. The money spent on rivers is all paid by the Federal Government from general taxation, yet this traffic is only a small fraction of the traffic along our improved highways and its benefits are proportionately small. To the farmer, a hard road means more than any other Federal activity, even the Postal Service. It is a convenience to get his mail promptly, but a good road makes it possible for him to run his farm or dairy at a much higher rate of production and greater profit, gives him and his family more of the comforts and luxuries of life, helps his children to get a' better education, and raises his entire standard of living, VVhy contend that roads, a public utility for all the people, should be left to different groups of people to develop, when Postal Service, ArmyJ Navy, and the projected super-powe- r system are admitted to be national affairs? self-evide- in M b Y; If a business worth $10,000 eared $500 net income in a year (or $41 a month), would it be considered an unreasonable profit and proof that i s prices were too high ? The railroads are in that situation today. The 1928 net return for the whole country was less than 5 per cent. As of December 31, 1919, the Interstate Commerce Commission gave to the railroads a tentative valuation of $18,900,000,000. With actual figures for 1920, 1921, 1922,, and with 1923 conservatively estimated as $1,100,000,000, there has been invested in the railways since this tentative valuation a net amount of making the value as of December 31, 1923, $21,271,583,000. On this amount the Railways in 1923 earned an aggregate net operating income of approximately $997,610,00, or 4.69 per cent. The Government guarantee of earnings expired August 31, 1920. If this guarantee had been continued as repeatedly but erroneously claimed the Government would owe the railroads more than a billion dollars. Last year the roads handled a record volume of business but could not earn the fair return of 5 per cent to which the Interstate Commerce, under the Transportation Act, has found they are entitled. If the roads cannot earn 5 per cent in a big year, what will they do in a ' . small year? The Transportation Act provides that if a road in any of year earns more than 6 per cent it shall pay one-ha- lf the excess to the Government. The Act is, therefore, a m nt Salt Lake. The Authors Club was bagsfor A. BAG California Utopia Has Turned Out a Failure Dreams of anothe- - Utopia were shattered recently when the majority of stockholders of the Santa Barbara Fellowship Colony filed a petition for dissolution of their corporation in the Superior court in Santa Barbara. The colony was organized June 9, 1921, as a nonprofit corporation to purchase homes and the necessities of life on a basis. Socialists and other fadists, together with a number of more conservative citizens, purchased land with the intent of building a colony conceding freedom of opinion with indorsing any religious, metaphysical or political doctrine, but to encourage the spirit of good will and mutual service at all times, says the Los Angeles Times. The petitioners give the following reasons for dissolution: The objects for which said corporation was organized have not been ful- limitation rather than a guarantee. Give Transportation Act Fair Trial The Transportation Act should be given a fair test and its merits judged by the results of a normaP period of reasonable length. The year 1923 was the first since the war under conditions approaching stabilization. What the railroad situation demands just now is not more The railroads have emerged from law but more confidence. the welter of the war, restored their morale, made enormous investments of new money, and in 1923 handled a peak business with universal satisfaction. The Transportation Act is the only really constructive railroad legislation of a generation. Previous acts were almost solely repressive. In framing the Act the public interest was paramount. The Act directs the Interstate Commerce Commis-- , sion to give due consideration to the transportation needs of. the country and the necessity of enlarging railway facilities in order to provide the people of the United States with adequate filled. There appears to be no possibility of accomplishing the ideals and purposes of incorporation. It is essential that the debts of the corporation be paid and this is possible only by liquidation of assets. The colony purchased a large tract of land on Latnesa ii the city limits of Santa Barbara and to date not more than ten houses or shacks have been erected. transportation. Give the Act a chance. Dont amend it. ' If the roads are let alone they should make as gopd a record for efficiency this year as last. Constructive suggestions are always welcome. C. R. GRAY, President. Omaha, Nebraska, April 1, 1924. Machines Aid Surgery At the recent' convention of the American College of Surgeons at Chicago, Dr. Fred H. Albee of New York, an authority on reconstructional surgery, in telling about machine-drive- n surgical instruments, said: One of the best points about automatic tnachine-drivesurgical tools is that they reduce the shock of operation, because of the speecf. This may be exemplified by the fact that a man when shot with a swiftly moving bullet, often joes not realize he is shot until the blood begins to flow. But when a man is shot with a slowly moving, bullet, he is knocked down, so violent is the UNION PACIFIC SYSTEM n steel-jackete- soft-nose- d THIS SPACE RESERVED1 shock. organ- ized by the late Sir Walter Besant, and the present general council is composed of Sir Gilbert Parker, Sir Arthur Gunan Doyle, Arnold Bennet, as well as other noted English writers and lecturers. The letter of recommendation to Prof. When the Young says in part: Authors Club was founded the late Sir Walter Besant emphasized in the rules that American writers should become members if they wished to do so. In consequence of 'this resolution, many friendships have been established on both sides of the Atlantic. Our present chair- man, Sir Gilbert Parker, is desirous that this good understanding should be extended and has enlarged on that theme while lecturing recently in America on interaational affairs. The home of the Authors Club is on the Thames, riot far from the houses of Parliament and the celebrated Victoria Gardens. The club has its regular lecture every month and many great lecturers and men of affairs have spoken to the Club. Prof. Youngs affiliation with the Authors Club will mean much for him as an author lecturer, and teacher. The election of a native son as a member is viewed in literary circles as a splendid thing for the State. The same thing applies in operations when mallet and chisel are used. There the shock is vastly greater than when the cutting instruments work swiftly and surely, cutting the bones to a. true size. Holes are cut to the right size and dowels of living bone are made to fit exactly. FOR vy,' I Hi Mars Coming Close The most important astronomical event scheduled for 1924 is the near opposition of Mars next August. Ev- wM ery fifteen or seventeen years the op- yj position of Mars occurs when the planet A is not far from perihelion, or the point in its orbit nearest the sun. The planet is then about 2G,(XXt,000 miles nearer to the earth than it is at its most distant opposition, which occurs Sfr, when it is near aphelion, or the point iG farthest from the sun. The last close V opposition of Mars occurred in Septem- k$i ber, 1909, when Mars came within miles of the earth. On August Ft! 22 of this year, a few hnjjrs before it comes into opposition with the sun, Mars will be at a distance of 34,G30,-00r miles from the earth, which is very nearly, if ndt quite, as close as U it can ever come to the earth, and half million miles, ms gbout one and nearer than it was fifteen years ago. - 0 ' ALLEN BROS. I DEALERS IN i General Merchandise Bring us the news or send it. We are always pleased to receive items. $ r h SHOES l Gents Furnishings and Notions HYRUM, UTAH Planes to Spot Fish The fishing banks off the Japanese prefectures of Kogoshima, Kumamoto and Kyushu are to be exploited by the use of airplanes. The high view will make it possible to spot schools of fish not otherwise visible and by eporting the finds by wireless a new era is likely to break in the industry. 5 All Kinds of job Printing Promptly Done at This Office t |