TAXES IMPOSED
ON ALL SALES
IN TERRITORY
The recent session of the Alaska
legislative assembly, casting about for
ways and means of increasing the ter
ritory’s revenue, passed a law entitled
“An act to provide revenue for the
government of the territory of Alaska
by imposing and collecting.a tax upon
profits derived from the sale of prop
erty within the territory, and provid
ing means for the collection and en
forcement of same.”
The bill as passed follows:
Sec. 1. That there shall be levied,
assessed, collected and paid, a tax of 1
per centum upon all profits in excess
of one thousand dollars ($1,000.00) re
ceived after this act shall become ef
fective upon all sales and contracts to
sell real estate or other capital assets
situated in the Territory of Alaska,
whether the sale or contract of sale
and payment be made within or with
out the territory. The term “real es
tate” shall include mines, mineral lo
mtinns. water riehts. nower sites, fish
ing and manufacturing sites, and all
rights acquired under the public land
laws of the United States, and all
buildings, manufacturing and reduc
tion plants, railways, tramways, pipe
or other transmission lines, dredges,
wharves, piers and docks, and all the
improvements, macchinery and equip
ment placed thereon. The term “capi
tal assets” shall include fish traps and
fishing rights and privileges, timber
sold separate from the real estate,
boats, scows and barges, and all per
sonal property held as an investment
or used in the transaction of business,
as distinguished from ores and min
erals, fish and fish products, forest
products, and other merchandise and
personal property sold in the ordinary
transaction of any business for which
a license is paid to the territory, and
it is hereby declared to be not the in
tention of this act to impose any ad
ditional tax upon profits obtained in
the ordinary transaction of any busi
ness for which a license tax is im
posed by the laws of Alaska. For the
purpose of ascertainning the gain or
loss resulting from the sale or other
dispostiion of property, real or per
sonal, acquired prior to the first day
of March, 1913, the fair market value
of such property as of that date shall
be deemed its purchase price and used
for the basis of determining the
amount of such gain or loss. If the
consideration be paid otherwise than
in money, the fair market value of the
consideration at the time received
shall be deemed the selling price for
the computation of the amount of the
tax.
Sec. 2. A lien is hereby declared and
imposed in favor of the Territory of
Alaska upon all property and property
rights within the territory for the
payment of-any tax imposed by this
act, and the purchaser of any such
property may pay the amount of such
tax and deduct the same from the pur
chase price, or the territory may en
force such lien by appropriate action
in the courts of the territory in the
manner provided for the foreclosure or
mortgages. Any person or persons,
partnerships, association or corpora
tion receiving all or any part of the
purchase price or other consideration
for or on account of any such sale or
contract of sale shall make a true and
complete return, under oath, to the
territorial treasurer, upon such forms
and according to such regulations as
the territorial treasurer may prescribe.
reciting in detail aucn tacts as may db
required by that official in order to
compute the amount of such tax. Such
return shall be made within thirty
days after receipt of the purchase
price or other consideration, but if the
same be paid upon Installments, then
the return must be made before Febru
ary first of each year for all install
ments received during the previous
calendar year and, in any event, with
in thirty days after final payment of
the consideration be made, and the
tax shall become due and payable
from time to time as computed by the
territorial treasurer, and shall bear
interest thereafter until paid at the
rate of 1 per centum per month.
Should such return be not filed as
herein required, the territorial treas
urer may compute the amount of such'
tax from such Information as he may
conveniently obtain, and may proceed
to recover the same precisely as if
such return had been filed in due form
and computation of the tax made
thereon, and in the event of the
amount of such tax being subsequent
ly reviewed or otherwise adjusted by
the court, there shall be added to the
amount of the tax as so finally ad
justed a penalty of 10 per centum oi
the total amount finally found due;
Provided, that the territorial treasurer
may, in his discretion and with the
approval of the governor, grant such
extensions of time for completing
and filing such returns as he shall see
fit, either before or after the time
herein prescribed therefor shall have
expired.
MRS. PHILLIPS’ BROTHER
DIES IN BALTIMORE
Mrs. Clifford H. Phillips, who is on
her firlt visit to her old home in Phil
adelphia for thirteen years, where she
will spend the summer, returning to
Cordova in the fall, was summoned
to Denton, Maryland, on account of
the death of her brother, the particu
lars of which are given in the fol
lowing clipping from the Baltimore
Sun of May 20:
Thomas C. West, cashier of Denton
National Bank, died last night, aged 81
years. Under the management of Mr.
West the Denton bank attained a
prominent place among the State in
stitutions. He became connected with
it as teller in 1881 , and was made
cashier in 1888, since which time, until
a few months ago, he has devoted his
best efforts to its affairs.
Mr. West was the son of Simon
West, of Caroline county, and was
born near Marydel in 1838. In early
life he taught school in Anne Arundel
and in Caroline counties, serving as
principal of Denton Academy during
the eight years immediately prior to
entering upon his banking employ
ment. He married Miss Annie Poppin,
daughter of James Poppin. His only |
child, a boy, died in childhood and
Mrs. West less than two years ago.
Mr. West’s surviving relatives are
Prof. Charles H. West, of Lincoln, 111.;
George West, Atlantic City; Mrs.
Mary Thawley, Philadelphia, and Mrs.
Fannie Phillips, Cordova, Alaska, his
brothers and sisters. The burial will
be from his home Wednesday after
noon.
The funeral was held under the aus
pices of the Masonic lodge and the
large estate of the late Mr. West will
be equally divided among his two sis
ters and two brothers.
Just arrived, a fresh stock of Hot
Shot Batteries at the Northwestern
Hardware Co. 14-tf
If you do not receive your copy of
the Times regularly, please notify the
circulation manager.
DIMON NICKOLOFF
SHOE REPAIRING
Red Cabin (Ocean Dock)
Men’s Shoes half-soled and
heels sewed and nailed.$2.76
Rubber heels and soles. 2.76
j Ladies' Shoes half-soled. 2.00
Heels, rubber and leather.76
Men’s haf-soles .. 2.26
Children’s Shoes, heels and
soles . 2.60
Harness Repairing; Automobile
Tires Vulcanized j
Rubber Boots Repaired
Hand and Machine Work
SMOKERS!
Do you know the Horseshoe
Billiard Hall carries one of the
most complete stocks of Tobacco
and Cigars handled by any store
in Alaska?
We have special facilities for
storing tobacco to preserve its
strength and insure it reaching
you in perfect condition. You
will find your favorite brand
here, moist and fragrant.
Standard Brands of
Cigars
I v
including large sizes in the
Mozart, Lovera, Optimo, Up
mann, Roi-Tan and La Prefer
entla.
2 for 25c
$6.00 per box of SO
I *
Popular brands of Smoking To
baccos in tins, such as Velvet,
Prince Albert, Tuxedo.
3 for 50c
' $2.00 per dozen
We carry a full line dt Pipes,
Tobacco Pouches and other
Smokers’ Accessories.
HORSESHOE
BILLIARD HALL
•V. E. L. HARWOOD, Prop.
FRANCE PLANS
ON MUCH NEW
PUBLIC WORK
PARIS, June 4 (by Associated
Press).—"France will spend about.
4,000,000,000 francs on new public
work, besides about 3,000,000,000
francs for the rebuilding of railroads
in the devastated regions,” the Asso
ciated Press was told today by M.
Claveille, minister of public works.
"Our program,” said the minister,
“calls for the electrification of 5,200
miles of railroad, the building of 3,500
of local railroad lines and tramways,
the rebuilding of 6,000 miles of na
tional roads and about 60,000 miles of
other highways that were ruined by
the intensive army traffic or destroyed
by mines and shell fire. We have
also,” he added, “more than 2,000
bridges to rebuild, 12 tunnels that
must oe practically rebered and a
great many culverts to be replaced. I
estimate the amount of material re
quired for this work at ten million
tons.”
Mr. Claveille explained that, al
tlough an army of roadworkers,
reaching 78,000 men in 1918, had con
stantly been employed repairing road
ways in the army zone, they were
worn almost as fast as they were re
stored. ,
“The Germans tore up or blew up
2,000 miles of track on the Northern
railroad system and about 1,200 miles
of the lineB of the Eastern Railroad,
along with 2,000 miles of telegraph
and telephone wires,” he said ."These
lines have already been restored in
part.
“What remains to be done consti
tites a formidable task. Lack of labor
ls^Ml that is delaying work on these
ed|erprises. Much of the required
miterial was assembled during the
list eighteen months of the war.”
Job printing at Daily Times office.
—
j We do all the heavy work— j
| you iron the smaller pieces; I
| that’s what j
fRouglpry j
| service means i
U bundle i] your entire wash
mg, phone, c our man calls for j§
:| it. Then y plan your day as
you please. ere is no apology £
| for your appearanc r the topsy-turvy I j§ I
condition of the hou no need to worry
about what daddy i ave for lunch. In
a day or two the clothes are returned—
spotless, sanitary. And you have the sat
isfaction of knowing they are handled in a
far more careful manner than they could
have been in your own home.
The laundry never rubs on an anti
quated wash-board or scrubs with a brush
to tear or destroy the fibre. Neither do
they twist their way through a wringer.
They are washed and handled in a most
scientific, yet harmless way that adds life
to your clothes.
The heaviest pieces are immaculately
irened. The smallest pieces which are eas- j|
ily ironed are returned washed, starched
and ready for your own finishing. Do them
at your leisure. Don’t go through the wor
ries, the inconvenience and hard work of
wash day. Save your health and disposi
| tion. |
|| Send all your things to the MODERN
| LAUNDRY and enjoy Monday independ
ence. In the long run it is cheaper.
(Modern
r I
g ' , |
PRANK A. JONES, &
| PROPRIETOR |
We Have the Moat Complete Stock in
Cordova
If You Want the Comet Time, Call 43
8now Qlaeaea of Atl KM*.
PAUL BLOEDHORN
Watchmaker and Jeweler
■ ■ -- --
SEE Ol/R LARGE ASSORTMENT
| Traveling Bags |
AND :|
Suit Cases
Thla luggage. Juat received, la of better quality and haa
■■■•■ter value than any we have aeen
•ijj :*:•
!v - *x
MODERATELY PRICED
•g _
| Suit Cases, $6.00 to $40.00 §i
Traveling Bags, $12.00 to $17.50
| WILL CLAYSON |
GET YOUR CIGARS
AT
THE NORTHERN DRUG CO.
All Standard Brands
2 for 25c
LOVEBA MONARCH ROI-TAN
MOZART MAGNIFICOS MOZART ROSA
OPTIMO SENATORS OPTIMO STANDARDS
EL BELMONT DANDIES EL BELMONT, Old Fashion
EL BELMONT ADMIRALS
All Cigars 2 for 25c
1 . Chewing Gum, 5c Package
SPECIAL NOTICE
All Periodicals and Magazines for Sale at the
Publishers’ Marked Prices
NORTHERN DRUG CO.
“THE DRUG 8TORE OF ALA8KA”
_UNDER NEW tjlANAGEMENT^ ___
•V*
|r CUY BAKERY LUNCH ROOM
Special Carefully-Prepared Lunch served from 11:80 a. m. Our Fine
French Rolls with every meal
Bis Variety of Pastries and Cakes, Always Fresh
Sanitary Machinery of Latest Model. Patent Brick Oven. Best Ma
terlals Used by Expert Workmen, producing our Famous Cream Loaf
i
Best Coffee in Town
Frenck Bread , Rye Bread
OLD PAPERS AT THE TIMES OFFICE