Breckenridge American (Breckenridge, Tex), Vol. 1, No. 41, Ed. 1, Monday, August 16, 1920 Page: 3 of 4
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At The Theatres
Program fw Teday.
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Til'llV-I'lmo Lincoln In "fntlcr
Urlmwn Skies."
AMMUIOAN llryant Wtislilmni In
"Mr. Temple' Telegram" mid Cur-
Ut IHilliMw In "Hoodooed."
ffTAK OiM-nlnie Thumlny.
SU1KKMK ()OURT HULKS
ON STOCK IHVIDKNDS
1IIKU! MASON AT TIIK
AMERICAN TOMOKKOW
Hhtrley Mucin the- i.iilnl. youri;
vumfiKoHiK'. tr Ih 'Molly and I" lln
aw WIILim Fox ptadoplay whleh npeiw
.111 cnxiKiirn'Mt lit'tlu AiihtIiiiii 11km-
Ire tomorrow. W one of Hie imwr
vhnrmtnKly plipiant llpires in rilmhiiid.
Ml" Miiwhi made her ilehiil on the
frtjto when he wan h lathy girl of tun MK'k HvltN-ml- are for the purKwe of
VVAHIIINOTON. Aiir. lH.Inipurl-
ii it t rnllr hawd on llw deelsloti of
tli( Supreme toiirt in trie flock dll-
ileinl ease wore uiiuouneed hy tin Hit-
Him of ' Internal llevenue. Tin- vnl-
in deal with Mirloiw itlspuliil )Mttit-
Jin io the dividing Km hheen ioel.
dividends itud enh dividend' ulilch
lmp iirlM'ii tdnee llii ri'iitlerliic of
llu Suprvoie iwurt dit-Nloii laxt prfii.
"No diM l-ldii of the .Supreme rutin
of the 1 "idled Walei in recent yean
hu hei'ii of Knitter ImportnH'v to the
liiiinii'l.il ItitereaH of the ctmnlr.v tuui
Hint ham'ed dim ii oil .Mil nil 3 In the
cuj-e of r.lxiier .s Iit'omlter." k.ivm
llie Mntcutcut Nnied ly the huniiu.
"TliN ilivNIon hiii given rle to
lilunemu linuilrle im to Jut what
ear iter mother. Mrs. May Sliooit.
nlwaya aiuldlloiiH tlmt her daughter1!
tllmtiHl iHfHw famou in dramatic fit-
t'tfv wa vMtliM tin itKeixy one tii'trn-
Imr with her two older :lrl). whom die
Mail k Htiv I.ltfii; Shirley Ind.hN
Im tkt akin lxH-niiM- there wn no
one at home to look lifter her. I'eter
W Italy Horded ii I'lilhl ill one of hl
lHHyn Mitil. m'elitf: little Shlrle. h-
hH.'liil ker
"lit 1 don't winl the hithy jo on
Uh j titjce vt " exeliilnied Mr. M im-.ii
C'fln't lulp it 1mi lh(? er cliiltl
I vviint. nml I'll iml her on a niirr at
cti't If I inuy Imve her: In Niet. I Juit
iniit have her" mild Daly.
So matter were nrrmiKeil mid fhlr-
the Iiicoiiim tit aet". how Ihey up1 Iji
lie deteriiiliieil and treated and dK-
HiiKliNhed from y (her. dividend.
"The following ruling enihodled In
Trwitiiry lwIlon Jiorrj cover the ques-
tion whteh will imwt fnitieiitl ift-'-e
and whlelj are of w!ilot Interoit to
roriMinitloii" 'and tnximyeM Kenerill.vV
"Where a corjHiratlon. lielng iniM-oi-
imynhle In part lii cupIi and in part in
fhares of 'the new" Nxiip of ytoek that
portion of tlte dividend puld in (ash
will he deemed to lime b-n paid out
of the Hiirplnx iKeniniiiated Nine"
M.inh 1. llH.'l and N xuhjeet to tax
I'lit the iHirtioti of the dividend paid
in utoek will mil he Kiihjcet to tax ai
Income.
A dlvidesid paid In nlnek of another
coriMinillon. held u a part of the as
M'tM of the (orpomtlon payliiK the dh
Ideiid. ! Income to Hie stockholder at
Hie time the "Mine N made avatlahle
for ditrlliiitioii to the full amount of
I he then market uliie of mwIi ttoel..
If juii-li stiK-k he !nhciicntl.v sold hy
ylockhidiler I he difference between its
market value nt dale of iccclpt mil
llie prhv lor which It Is Mild Is 'iildl-
tlonal Income or (os to film as the
nie may Ik
"The )rotlt derlveil hy a stock holder
upon the sale of slock reirlved a. n
dividend If Income to the stockholder
and taxable as such even though the
Mock lt'.f was not Income at the
time of the tecelj by the stockholder.
For the plinxwe of determining the
amount of gain or Io derhed from
Hie ale of stock with re-pecf to whl-h
Imic'i dividend was mid. the tiit of
(.ij.I. 1..m. t ....1. I ....... .!.!. I I.... I. .1...
. ...! .. .1.. .u .i... i r i... .....!""' ' " riwn imiiinini immii iih-
' llu which it Is lneoriratra. transfer a '"V""M " " f ''" ""j -" "
...1 f ll.. - !.. I... I I "I"'". M" H ll ll" I lll-ll. llllic III-
iMtuit. is-ue new slock repreeutiiu
the amouiit of the surplus so tniip-
fi'irnl and ilittrllintiH Hie stock o N-Mii-d
to lt st(ckliOldefswsuch slock
not Income to llie stockholders and t ie
HtiK'kh'ohlers Incur no liability for In-
iime right and prcfeivmvs) is the
(plot lent of the coil of the old stock
(or of" Its fair market alue as of
MatVh I llllll. If acipilred prior to that
date) divided by the total number of
slmie.s of Ih- old and new slock."
KXM
NOT TOO LATE TO GET IN ON
THIS GOODOnE
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The
Sugar
Loaf Oil
& Gas Co.
$ the stock of which was taken off the' market
two weeks ago has decided to sell to
the amount of
M IV Hmt siH-aking part conilste.1 flf'-i'ie la by mison of It i.velpt
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Lthe wnrtl Daildy."
JSInco that iiieinorable day Miss Ma-
hii 1ms plnyrtl many purls and or-
Iniytil a wide nrlOV of Hinracters.
WIh'M flip was 11 year old siii en-
tered motion phtures with the Kdlfo.'i
Wlm (xrtiHviny phi) log leads In chll
IrewV iwrts. An tla tjplueiil child In
lInstry. sIk niHile a deep Impression
In (Uilldri'ti Who Ijibor." Hlmed Tor
lh Federal DepHrtiueut of Itlair.
Minn M'isoti irently compleled her
Irnt picture under the Fox bann'r -"Hw
I'.teplKiHt Mum" by Pearl Dole
?llr.
NKW COMMRIICIAI. ltOTKli
- CHANUR8 OWNKR8III!'
t The New ComraercLiI JiotcI of tlibt
ty Btarts the dy uwler tewmuii
Rcnent. Ih tl lwnK of Mrs. Willi.
4a TIIIII. of acreluHd. CHilo ami. tl
finiltc Mason of Eureka HprlfiR'
Jflr. Thla hotel N oae of tin large
k HrrckntrMi ami hi hhA4 'Ut
wtropolltaa style a.i It U aodori
vrt to (kite.
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Win to a coruiratlou being then
unto lawfully uuthorlcd lucre.tscsf!is
tnpltill stock and stinultaiieously de-
flan's a cnli dividend etpial In amou'it
(o 1 1 to increase In lis inpital Mock and
ghe to it" stockhplilers a real op:oi
If her to I eep'tluv inoiu for their own
or re-(inest It In the new shares suc'i
iilvldcud ! a r.tsh dividend ami is In
iiuae Io I he stockholders whether t ley
re IpreM'it in the new shan-s or nor.
"When a corimmtioii U iiemiltlcd
Milder the laws of the state in vht(li
It N lnciiiMinitei to Issue a stock div-
idend Iik niiM Hi capital slock uui
at the same time declare a cash divi-
dend under an agreement 'with the
stockholders to reinvest the inonev so
received In the new Isxue of inpital
slock incli dividend Is subject to the
.lax.HS lncoHifto the stockholder.
"U'Iitc a ffolKg corporation hiu'iiu
a Vilrpld accumulated in part pi lor
to JMiirc) J. 1011. and being thereunto
lawfully anthorlwnl transfers to its
capital account a portioa of Its aitr-
Iim Mrtterw stock rearcseHtlac.the.
amount no traaiferrtnl to the capital
account and thru dcclamt aUW14cHd
kaininc orr vi:sr.
I
1000(3
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TOVAII. Texas. Aug. M5. -The heavv j'
mini of the last ts hour huv mad. y
Hie roads to the oil Ileitis practically
Impassable .with tim result that oper
ations at many of. lie wells hate been
sii'M-ndcd until supplies may In se-
cured. Miiiy automobiles are hogged
down between here and(the Held and
others are tied up here while waiting
for. Hie roads to dry out.
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TIIKN TlftY SAIII SOMKTHING
KAN.SAH (MTV. Aug. 1. The
ihleve.s wlio forcibly enterwl the olllen
of tlie I'.iiJoulesis Importing coni'Miiy
were jHwrly paid for their strenuous
work.
They o.lrrlwl a 'W0-onnd wife from
the building and loaded It on a veldce'
and ilrme away.
OfHclals said that after the theca
had niM'nt energy to open the safe they
would earn erery Pfnny of IU the exact
lataoHBt of whlck w"".
in order to meet the demands for rapid devel
opment The work- of completion on our
two wells is being rushed day and night arid
purchasers of stock havnt long to wait tor
returns on their investment. - .
164 acres proyen territory in the .Gret Stephens
County field. Shares now selling at $1.-00 par value.
Get in while the opportunity is open. ' See
J.W;
3tREIS
r F rv v umKw iHMa whmhv pvr
ftfLn
athmbcrof Commerce Bldg.
Wtt$&&$fyk
bfyfr&bQtyb&fyfrtyt
I Aacrlcan want ads brioe reanltri. Mfefr'lfcjiH&ji'Jfck
tf.i j . 1 j. -. . 1 t t 1 o e. r . i ' r...Li
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fOiir Proposition Lobfa Good
r. :' .: ' .-r'""to Everybody
IP
at
of
Surroune3 by? Production on All Sides with wells making from 600. to 10000 barrels per day
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We arc offering the public an opportunity to get in on the ground floor of a Smaty Syndicate which is sure of
Production. We own a 40-acre Lease .offsetting the great Fensland well and near the Ward Plateau and famous
Gonzoles 10000 barrel producer. The Plateau well has sold $1016000 worth of oil in First Forty Days Run and it
is still producing at rate of $25000 per day. r .
Our Syndicate is capitalized for only $95000 in Units of $100 each. Each Unit givesh the owner thereof an
interett in thcrFTQrtyAcres'andScVcn-sixtecnths of All the Oil Produced on same. Mr. Breck Walker local banker
who is interested in this lease saysit is the Best Forty-acre Tract Undeveloped in Stephens County.
n"jt a nt-. t
. ' i r r " 0
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1 $)
. There arc Jess than rOne Per Cent of dry holes in the county. Pipe Line Returns in payment for oil from our
lajcareito be turned over to the bank Edery Thirtu Days. Half of same goes to Unit Holdersv the other half is for
devdopmcrit of wellsNos; 2-3-4 Contract to erill these four wells has been let. This is not a stock company but a
Syndicate to develop this 40-acrc 'lease where everybody gets a square deaL
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o Tfic First National B.aiik pf Breckenridge handles all the funds direct from the Pipe Line Company. as the oil is f
prddiiced Write or wire .the Amount you want. Derrick now complete and machinery being placed for Well No. 1 Y
0 ready to spud in
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JttMliAiMiiiiMrtfiii
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Baxter, Tom L. Breckenridge American (Breckenridge, Tex), Vol. 1, No. 41, Ed. 1, Monday, August 16, 1920, newspaper, August 16, 1920; (https://texashistory.unt.edu/ark:/67531/metapth121908/m1/3/: accessed May 7, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Breckenridge Public Library.