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Show MELONS Hi BE SLICED Corporations Must Act on to Escape Pen alizing Tax. t; j HARDEN CODFAX, Correspond cat of The Standard-Examiner. lit, 122. by The Standards' Standard-s' Examiner.) FJNGTON, D '. 14. Standard at stock dividend declared t it appraised here as the first r fine melons ripening in the Bet patch, all of which must ed within the next four and ''months to escape the heav -lUnding penalty the rcvonnc jges r, 23 I"' cent tax on un-ld un-ld earning? iry officials ex pec f nwrr lli dividends Whether th n stock or money will be for IViclU-' 1 ' I'O- at: n 1 c ii'- :de. j dividend are nol taxable ('the opinion is that most of Ibution? imI! hy this t Offi-lni. licr" have received although wholly infi'jffiftl m-fthat m-fthat scores of other corpor-fity corpor-fity of large capitalization n at once tu declare extra I. The mi '.on cutting is ex-( L rem h ,i i - .ht km...-, if-er 'Of the vear and to cease al-:by al-:by March 1, tin time limit law for the distribution of fits EJECTION QVOTEP. Bo distribute the 1922 earn-Hill, earn-Hill, officials point out, with-1 months ufter tin' first of the i bring corporations under the Mbt Section 220 I ' 6- which provides if ari', ' "i p'. i a' i n .1?; f for f !.' !''. pose of ore-he ore-he Imposition of the surtax FmeaiiM-r-t -' k loldcrs Kb medium of permlt'lng its S prof n ' " ui'ihi' - in-' in-' beln: li ! or j;lrlbut-ghall j;lrlbut-ghall o.- - :cd i. k tea ii nd each ta vubh- .! i.pon tho Le of su. h i orporatlon, a tax 5 per ctntuni of ihe amount fcich snail be ir. addition ic w cent corporation tax pro-Erhcr pro-Erhcr e In the I . . k further provides that "the Lgains or profits are in ruiti Bp accumulate, beyond rea-jeds rea-jeds of the business shall be II evidence of a purpose to aur tax. imlsslonor of internal reVS tnpoweri d to determine i accumulation is reaaon-vision reaaon-vision in he law is inter-t inter-t as meaning that all eor-Vlth eor-Vlth large earnings shall, desire, submit their eases mlsstoner of Internal reve-er reve-er thore Is doubt In the di-nds di-nds aa to the reasonable e accumulation of profits I shall be the judge as to ch earnings are to be dis-held dis-held intact. B STEEL SURPIAK Jporatlons as yet have sub-1 Br cases to the commission-' .m as. ki. .v. n. but man;, have tiBllc financial stifnifnts in- that Ihfv foruo within tho itaxp;. i I la'..- o too r-Mi-;aODg th' concerns which are B havo made large profits Hare numerous corporations ijm-union coal. Iron and steil. SK building construction and JSMnduatrks. The mot con-fcf con-fcf these, perhaps, is the jjBtt Steel corporation which Hfh&ve enjoyed an extreme- irou.-i year thus far. annual fmanc!al s'a''T..cn' fcrporalion discloses an a -I profit a. 1 1 i 'osa surplus of I ftO.OOO, tiuu. the outgrowth of ""aOf building: r as followed By Sl TV. :u.: .,' :' H HwfRie HwBk, on accoai't lowed for moie than 2 Bo more than $265 .1 share. 1 lent discloses. In other phe company wero to wind JtSlrs and dispose of its as- fair price, there tvould be 'Bthlch to redeem eery out-Bhare out-Bhare of common stock. Bar 1100. PL CLIMAX N'EMIER. Iding d K of liie i Klncluded n ai)iroachlng j Bwe rail t-ituutiun, a con- TeiLse In the volume of bunl-i ,B)one throughout the coun-j Rtteasurable growth in the Bionoy kt b: banks to husi-''BJatlons husi-''BJatlons witn which to ftx-j enterprises. of railroad cars now more .'''-Bp has becom'. acute and IBM retard gTath the ex-' Business tor i,- tlir.e being r ciimoed still higher, al-hlng al-hlng the 1 ,000,000 i-ar 1 rk. BBU reserve board's woekly 1 B0Ws that fresh ioans total-1 jBj4.00i,0Ou w-ere made dur-1 lek by banks to business in- j B Increase of more than B In the amour'. money! BtSUbJei t l o i hecU, ;it. the ,Br also was notr-d The'-e knipie funds for business BJnterest rates fire show-j Blncrcu-iecl demand |