lear as a Chinese laundryticket. Simply
deduct the net profit of losses (plus inventories at end of year)
and add income from salaries, wages, bonuses, director's fees, and
pensions. Nothing to it!
J.J.C.--Refer to Table 113 on Page 11, Section 28, Part IV of return.
Then if Item 86, Schedule V, line 7, exceeds the sum stated in Item
21, Page 9, Schedule Z, get another blank form.
CONFUSED--No, you should have figured the amounts in Items 34, 60,
and 69 as net losses from Wear and Tear, Obsolescense and Depletion
Charged Off (see K (2) on Page 8 of Instructions) before entering
total in Item 94, Schedule O. It's perfectly simple.
L.F.--Don't worry about your next year's tax. You may not have any
income.
_See also_ Profiteers.
INDUSTRY
Andrew Carnegie was once asked which he considered to be the most
important factor in industry--labor, capital, or brains? The canny
Scot replied with a merry twinkle in his eye, "Which is the most
important leg of a three-legged stool?"
Industry is not only the instrument of improvement, but the foundation
of pleasure. He who is a stranger to it may possess, but cannot
enjoy; for it is labor only which gives relish to pleasure. It is
the appointed vehicle of every good to man. It is the indispensable
condition of possessing a sound mind in a sound body.--_Blair_.
Protected industry, careering far,
Detects the cause and cures the rage of war,
And sweeps, with forceful arm; to their last graves,
Kings from the earth and pirates from the waves.
--_Joel Barlow_.
In every rank, or great or small,
'Tis industry supports us all.
--_Gay_.
The great end of all human industry is the attainment of
happiness.--_Hume_.
"From what you tell me, Sam, you have been a busy man all your life."
"Yes, sah; yes, sah."
"You've done a great deal in your time and day, Sam, I guess."
"Yes, sah. Dat is, I's done a good lot in mah day, but it was in de
boss's time, sah."
INFANTS
A baby will make love stronger, days shorter, nights longer, bank-roll
smaller, home happier, clothes shabbier, the past forgotten, and the
future worth living for.
A small boy was taken to see the new baby, whom he eyed very
critically. "Why, he's got no hair, father," was his first remark.
The fact was admitted. "And he's got no teeth, father," was the next
comment. The circumstances could not be denied. "I tell you what,
father," was the final ob
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