THE CLEVELAND AMERICAN
Favorable aspects of tax systems
are now among the most highly prised
' assets et our states It Is potnted out
the American Bankers Association
' Journal in connection with an article
on bow California which has never
had a state income tax cute state
and Federal death taxes nearly in halt
by the "community property" system
L 11 Roseberry Vice President Se-
curity Trust and Savings Bank Los
Angeles author of the article says
that a recent amendment to the tax
lay enables future residents ot the
state to take advantage of It Ref-
erence is made to a termer article by
Assistant SecretarY of the Treasury
Dewey voicing the need for death tax
reform and citing a hypothetical cram
involving California tnheritance taxes
which might have been levied in 920
Since that time the laws have been
changed Mr Roseberry declares so
that the figures then given do not
correctly represent the present situa-
tion He says:
"Myer since Its admission Cattfor-
nia has had the 'community property'
system FIght other state have a
stmitar 'system 'Community proper-
ty' is property accumulated by mar-
- - - lied persons during their marriage
except that Which is acquired by gift
bequest or inheritance Approximate- 1
ly (1 per cent of all property in the
Mat is 'community property' Such
ip
pro rt y in California enjoys the most
fa ble position In regard to death
ta both state and Federal of any I
- te hi the Union (excepting posse 1
bey the eight other states haying a
similar property system) including
states boasting of no inheritance tax
whatever The California 'commtml-
ty property system is recognised for
the purpose cif levying Federal estate
taxes and only one-half of It is now so
taxed while in Florida the whole es-
tate of a decedent is subject to the
Federal levy
How the Law Works
"California's law expressly provides
that upon the death of either husband
or wife testate only one-halt of their
net 'community property stall be
subject to inheritance taxes The
same exemption applies upon the
death of the husband Intestate while
the whole net community property' Is
totally exempt from all state Inher-
itance taxation upon the death of the
wife intestate The Federal estate
tax law now follows precisely the Cal-
- tlcmia law in this respect
"As the result of an amendment
made to the California inheritance
tax law by the 1925 Legislature this
Immunity from state inheritance
taxes likewise now extends to 'cone
munity property' of non-resident mar
ried persons who hereafter take up
their legal residence In the state
This puts 'community property' in a
more favorable position regarding
death taxes than exists in any other
state in the Union with the possible
exception of the other community
property states This extension of the
exemption will add 15 per c'ent to
-e ---Apeuperty in the state coming under
this definiton which means that ap-
proximately 80 per cent of all prop-
erty probated in California will enjoy
the lightest death taxes in America
"To illustrate the following exam-
ple of a man survived by a wife and
two minor children is computed the
estate consisting of 'community prop-
erty' all -left by will to the wife and
children One-half of such property
would go under the law to the wife
without any death taxes and the
other half only would be subject to
both state Inheritance and Federal
estate taxes
"As a subject of comparison take
a state which has no inheritance tax
such as Florida tf the comparison
were made with the states which Im-
pose inheritance taxes but do not have
the 'community property system the
advantagI'in favor of California would
even be more striking
Estate of 1100000 Total Tea
California None
Non-inheritance-aa tttt 5500
ElSI"G IFE
k
OF STATE TAMED!'
Balker Points Out Benefits of
Community Property Sys
tern in SCrne States
California None
Non-inheritancetax state 9500
Advantage in favor of Cali
fornia $OO
Estate of $200000
California $00
No-inheritance-tax state Li100
Advantage in favor of Cali
fornia LS95
Estate of S400k000
MI MIMI& CM
Non-inheritanee-tax state MOOS
Advantage in favor of Cali
tongs 1298
Estate of 810005000
California Lib49155
Non-inheritance-taz state 1643500
Advantage in favor of Cali-
fonsia L2SLI45
"If the two children were adults
the CR11101124 tax would be increased
only 2280 in each case
Another New Arnetadment
"Anether feature of the recent
amendment to the California inherit
ance tax law is a section fixing the
Inheritance taxes on stock in Caltfor
nia corporations owned by non-residents
at a flat sum of 2 per cent on
their actual value When considered
In conjunction with the ruling that no
Inheritance taxes can be levied upon
any stock In foreign corporations or
pon bank accounts bolds notes do
' attires or similar securities belong
)3
to a non-resident but located In
' 'ate at tbr me of such non-real
Aces will be observed
i inheritance taz
's most favor
I wbo bass
s married
"say sub
NOM
or STRIP R1111
T
There were many laughable incl!
dents and some accldents that gave I
borders of the adjoining states where
many of the former "boomers" were
residing The date of September 11
1893 was finally set
The assembled multitudes included
people from practically every state
in the Union attracted there by the
novelty of the situation There were
people from all classes and conditions
of life farmers mechanics laborers
and professional men composing the
principal elements
The people who had encamped on
the boundary of the promised land
prepared for the noonday race some
being in wagons while others were
In buggies buckboards or road carts
with many or horseback and not a
few on foot All these formed in
line extending along the boundary
as far as the range of vision extend-
ed both ways During those hours
of weary waiting strong men felt the
grip of nervous tension such as they
had never felt before a sensation
OP
-
0 You Know?
That we run a bargain matinee 6ch Sat-
urday from 1:30 to 4:30 The admission
is only five cents for children and ten
cents for adults There is an entire
change of program Saturday night The
show Saturday Sept 26 is Yakima Ca-
nutt in "White Thunder') and a two-reel
Century Comedy
OLYMPIC THEATRE
FREE CLINIC
A member of the research department of
the
Geo H Lee Company
of Omaha
will speak and conduct a FREE POST-
itIORTEM Demonstration Clinic on the Diseases of
Poultry and Hogs
Tuesday October 6
In theilolroyd Building on Northtroad
way
You are invited to attend and bring your
0
Poultry and Hog troubles with you
the feeling of the soldier in his first
battle Again and again men glanced
at the ascending sun and for a last
time small groups here and there
consulted maps and charts for some
were betterposted than others as to
where the choicest lands might be
found At last the fateful hour of
noon approached everyone took his
place in line and then a strange
hush fell upon the waiting people as
they fixed their gaze upon the trooper
who was to give the signal
At last the faint notes of a distant
bugle came drifting up the line and
then the trooper out in front fired
Neither tongue nor pen have been
able to fully portray the scene which
followed
tragic cast to the day There were
of course many cases wherein two
men or more found that they had
landed on the same quarter section
"People of every station and deg
cription" J P Martin who heads
the above roster as tho pioneer Cleve-
land merchant said last week In
telling of the run "camped for weeks
all around the Cherokee Strip wait-
ing for the day of the opening as
they did not dare cross the line and
let anyone see them else they would
be a 'Sooner' Everyone had to reg-
ister before the opening or they
could not file on land There were
booths for registering at certain
places all around the Strip and near-
ly everyone had to stand in line from
twenty-four to forty-eight hours as
In most cases the line was over a
mile long And one could not leave
the line even for water or food or
he would have to go to the foot when
he returned and those that stood in
line looked just like negroes as there
was a perfect gale of hot winds
blowing and the dust was something
awful It was tramp tramp tramp
day and night for man and beast
that has been not inaptly likened to One would naturally wonder why
the feeling of the soldier in his first lawyers doctors bankers merchants
battle Again and again men glanced ministers etc would go through
at the ascending sun and for a last with what they endured many of
Lime small groups here and there Them wealthy
consulted maps and charts for some On Saturda3r September 16 at 12
were betterposted than others as to o'clock noon the line was full as
where the choicest lands might be far as eye could see and thousands
'ound At last the fateful hour of there did not make the race Many
loon approached everyone took his of those on horseback had their
)lace In line and then a strange horses trained to? this race and
bush fell upon the waiting people as they were all ready to go at the
hey fixed their gaze upon the trooper crack of the guns which were fired
vho was to give the signal at regular intervals all around the
At last the faint notes of a distant Strip—and the mad rush was on!
bugle came drifting up the line and And in five minutes no one could
hen the trooper out in front fired be seen as apparently no one stopped
kleither tongue nor pen have been to stake a claim They seemef to be
able to fully portray the scene which running because the other fellow was
°Bowed ) The Cherokee Strip is 57 miles wide
OLYMPliC THEATRE
CLEVELAND OKLAHOMA
Monday--Tuesday Sept 28-49
6 tkc Matinee Both Days
-ALL THE
WAY TO THE
GOAL POST
AND
erHIS WAS
WHAT HE
CARRIED
4411
ec!LO
GALES OF LAUGHTER!
Cheers then Jeers greeted him! Instead
of the ball he was carrying the hat of an
enthusiastic rooter!
Poor Harold! Who had been hazed to
death razzed to distraction fighting his
last stand to be a college hero!
Mirth! Joy! Gladness!—And something
else that sweeps you off your feet with
enjoyment!
Harold Lloyd
7he Freshman
A PafhAPicture
Hama Lloyaci Corp
s14k :41
and they ran from both sides and met
In the middle before they stopped
and just "milled" around in the cen-
ter of the Strip like a lot of Texas
cattle -
"At that time :Cleveland was not
thought of" Mr Martin continued
"There were about a dozen men in
Kansas and other parts who had
bought 80 acres of land from an In-
dian a Mr Hendricks This is the
present townsite of Cleveland They
Intended to name the town Dixie for
Dixie Jordan but were not given the
opportunity to do soi as a Mr Her-
bert took a claim 'adjoining thill land
on the west and laid it out and the
Postoffice and town were named 'Tor-
bert It was proposed by R W Dun-
lap that they name the town "Cleve-
land and it was not long until the
Postoffice was changed from Herbert
to Cleveland
"At the time of the 6pening there
was only a cornfield where Cleve-
land now stands There was an In-
dian hut where Gilbert's Drug store
is at the present time There mere
about a half dozen settlers here at
the time of the Opening—all on the
Arkansas River They had Indian)
head rights and took their allotment
here
"The nearest trading point and
Postoff ice was at Stillwater and the
settlers had to travel that distance
to trade and get their mail There
were no roads only Indian trails and
from
2:30 to 5:30 P M
SPECIAL MUSIC
By the
Olympic Orchestra
MATINEE PRICES
Children 10c
Adults 25c
PIANO PLAYER
WANTED
Must be over 18 years old
and capable of playing ad-
vanced music Show exper-
ience not necessary
Olympic Theatre
Phone 273
NIGHT PRICES
Children 15c
Adults 35c
SHOWS START
Afternoon 2:30 and
3:45 P M
Night 7 and 9 P M
Special School
Children's Show
Monday at 4 11 Alp
MIEMMMMMMI
bilOIAMIll
-
IBM time 111111 moo OSP
Customers Friends Evcry4ody
The Cleveland Milling Company wishes to invite
you to attend the big Harvest Festival spon-
sored by the American Legion to be held on the
streets of Cleveland on Thursday Friday and
Saturday of this week
We will have on exhibit at this time samples of
the various kinds of the famous PURINA
CHOWS Don't failto see this and ask for a
free booklet on better feeding of horses cows
calves hogs and poultry
Make our store your headquarters while in town
Yours for service
CLEVELAND MILLING CO
PHONE 15
Po°0°00 FIUs-RTNTIro°0qPd
Home Furnishings
We have opened a New and Second Hand
Furniture store on North Broadway first
door south of the Arlington Hotel where
we have a full line of Household Goods
Stoves Ranges and Rugs We invite
you to visit Gin- store
See Our Merchandise and Prices Before
Buying Elsewhere
I
We also have nice clean rooms at reas:
onable rates
Our Motto "Live and Let Live"
Home Furniture Co
C G EMBERTON Mgr
WE APPRECIATE YOUR BUSINESS
tpe
I —ALL THE
WAY To t( gl!Az A member of the research department of
A
GOL PTHE NIGHT PRICES OST --- the
AND t ci6141'lLs Children 15c Geo H Lee Company
0 V:0‘- Adults 35c of Omaha
will speak and conduct a FREE POST-
c:
7 a MORTEM
(Cep
enthusiastic U GALES OF LAUGHTER! H: baasatittholl cei dnhrooter!
eojoewt eavvr Bs frelheytaleididg 'been Ti me )
hero! death razzed to distraction fighting h18 1 h: taiznoes fdt e ant nod f t last stand to be a college SHOWS START nd Demonstration Clinic on the D
Poultry and Hogs iseases of
1
I
1
1
1 Mirth I Joy Gladness!--And something t
3:45 P M Tuesday October 6 r
y
eisfty thatt sweeps you off your feet with
aro
ksist
II in 0
71te F r eShman
A Pdhéo Night) 7 and 9 P M
Special School
'It
In thellolroyd Building on NorthtBroad-
way
auspices
Palace Drag - Store
sPta Corp ure
Children's Show
You are invited to attend and bring your
' Harofd Lloyd ' '
Monday at 4 P M Poultry and Hog troubles with you
t kA
t
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11
30000001
-
i I
hrigs
i 1
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cond Hand
ldway first 1
otel where '
1aold Goods
We invite
i
ices Before ' 1
ms at reas:
II WE APPRECIATE YOUR BUSINESS I '
t 1111110-wP1 Matinee Both Days 1 -1
1
if ‘ -
from
4104 m: - '
L 2:30 to 5:30 P M 4r
t ' :i ' k I '-') i l'"it'rpil 1 o You ( now? 1
i AkirNul '4 I' ''-
)N:-- -s - 11
(
:---11- SPECIAL MUSIC
'01
k -
That we run a bargain matinee each Sat-
urday from 1:30 to 4:30 The admission
IS only five cents for children and ten
' - 010:hil
IT AA By the cents for adults There is an entire
1 1410 Olympic Orchestra change of program Saturday night The
-
show Saturday Sept 26 is Yakima Ca-
- "--- II I
Thunder" nutt in "White under" and a two-reel
23v-1 ()-J) Century Comedy
OLYMPIC THEATRE
1— 'k 1 ri 4? xo
MATINEE PRICES
4Ir i‘"---L
'-g erHIS WAS
ty I
Ill'hs-Vr''
CARRIED Children
10c
25c I
FREE CLINIC 1
WHAT HE Adults
4
-
11 4
-------- -----
r
I THE CLEVELAND
AMERICAN THURSDAY SEPTEM3ER 1'4 1025' ' ' ' '
'
-
--- -
' i
IFE EFUE'l nEriltlISCEVCES
- 1 There were many' laughable inel- and the ran from both sides and met t
dents and some accidents that gave aw0 am OWO 4011P mato r-1 r - r 1 r-1 !
Y p
in the middle before they stopped riz
ff! 1172 1 nr r
and just "milled" around in the Cell- kJ LA eve am'im ewe solo ea L1 Loil L-j rf i
OF STATE TAIATIOL1 nr TRIP tragic east to ne day There were
ter of the Strip like lot of Texas 1-1 ' Tv
of course many cases wherein two -lietrtirri &tw 14 rv "rift 14:11P1$19111-fl'
Favorable a
'
-
y clk
No
en
w an
an
'
lel
r '
nt
de
th
' te
r
13