NORTH SHORE BREEZE 13 
NORTH SHORE MARKET 
McDONALD & FOGARTY, Props. 
P. O. Block, Beach St., Manchester-by-the-Sea 
explained by Mr. Nichols provides 
- for a tax of one and one-half percent 
; on “trades, professions and employ-. 
ments” and is, he said, the oldest form 
of income tax in existence. In form 
it has been on the statute books of the 
~ Commonwealth since 1636. The old 
law provides for a tax on the excess 
Dealers in Finest Quality 
PROVISIONS--POULTRY--GAME 
FRUIT AND VEGETABLES of All Kinds in Season 
AGENTS FOR MIXTER FARM CREAM 
of $2000 income at the tax rate in the 
town where the individual is employ- 
ed. Under the old system this form 
of taxation was not enforced to any 
extent, Mr. Nichols said, except in 
‘the case of salaries of municipal em- 
ployees and ministers of the gospel 
whose salaries are a matter of public 
knowledge. A lump sum on “personal 
property and income” was the usual 
method under the old system. 
“The reduction of the rate upon the 
taxable property affected in the first 
part of the law made many fear that 
there might be a deficit in case it was 
not found possible to tax all such 
holdings, so this second class of in- 
comes is to be taxed,’ said the 
speaker. 
The same rate prevails throughout 
the state and is based on the income 
after all legitimate expenses of a 
man’s business, including five percent 
of the capital invested, have been de- 
ducted from the gross income. Only 
incomes exceeding $2000 are taxable. 
Regarding the third part of the new 
law, which deals with a tax of three 
percent on the excess of gains over 
losses on stock speculation for the 
calendar year, Mr. Nichols did not 
go into details. He said that part was 
added after the original draft had 
left his hands. 
Mr. Nichols said there were “teeth” 
in the new law for those who at- 
tempted to escape making returns. 
Under the old system he said it was 
not considered dishonorable to evade 
making a return of one’s property to 
the assessors as the system was mami- 
festly unjust. Under the new system 
with a reduction of the tax from 
about 40 percent to 6 percent on the 
income from investment securities 
there would be danger of a loss unless 
some means were found to compel a 
return. The new law provides the 
severe penalties of fines up to $10,000 
or one year’s imprisonment for fail- 
ure to make a proper return to the 
tax commissioner. Taxation is no 
longer local, he said, the new measure 
being a state tax. 
In answer to a question Mr. 
Nichols said that the towns would 
receive from the state the difference 
between the amount raised the pre- 
vious year and the amount the first 
year of the law to offset the loss to 
the towns by having the state collect 
taxes formerly collected by the towns. 
abd 
J. A. Conley, Mgr. 
Telephone 228 
PLUMBING Tel. 12 
HEATING 
John F. Scott 
The turning on and shutting off water for the season a specialty 
Personal attention to all work 
References if desired 
33 years experience 
SHOP AND OFFICE: 112 PINE ST. 
MANCHESTER-BY-THE-SEA 
Edward S. Knight 
FLORIST 
Everything for the Garden. Flowers for all Occasions 
ESTABLISHED 1884 
40 SCHOOL STREET 
Tel. 10 MANCHESTER 
He said that returns must be made to 
the town assessors or they could tax 
property at the same rate as the pre- 
vious year, thus exacting a double 
taxation from those who were negli- 
gent about making the return. 
At the close of Mr. Nichols’ talk 
Alfred S. Jewett rose to congratulate 
him upon the splendid measure which 
he and his colleagues had drafted 
Mr. Jewett declared he believed the 
bill was drawn up by men with a high 
sense of the public service and not for 
any ulterior motive. He thought the 
bill would work to the end of greater 
justice and equality in taxation. 
At the business session the nomin- 
ations of William Hodgdon for 
treasurer and Arthur Walker for 
vice-president, made by the board of 
directors to fill vacancies, were con- 
firmed. Refreshments were served. 
Fall Underwear at W. R. Bell’s, 
Central sq. adv. 
MANCHESTER 
Mrs. George McFarland has gone 
to her home in Rockport, Me., to 
spend the winter. 
Mrs. Mary E. Murphy, who has 
been with her brother, M. J. Callahan, 
the past summer and autumn, hopes 
to be sufficiently recovered from an 
illness to join her family in Brooklyn, 
N. Y., next week, or in the immediate 
future. 
Much interest is being taken in the 
tournaments in pool, whist and hearts 
started last Saturday evening at the 
Manchester club. The pool may be 
played off on Friday and Saturday 
evenings, but the other two will be 
played on Saturday nights only. 
Those leading last Saturday night 
were: Pool, Alfred Walen; hearts, 
F. J. Merrill; whist, Allen P. Dennis 
and Chas. E. Williams. 
Elite Shoes for Fall at W. R. 
Bell’s, Central sq. adv. 
Lehigh Valley Coal Sales Company 
COAL 
SAMUEL KNIGHT SONS COMPANY 
32 CENTRAL STREET 
TELEPHONE 202 
MANCHESTER, MASS. |) 
a a Sl 
