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...will not fight to collect from the Allies; 2) that the Allies will pay the U. S. proportionately no more than they receive from Germany*; 3) that the German people believe they cannot pay and are determined that they will not pay even the sum of 1?? on the $1 of their Reparations debt envisioned in the Lausanne settlement...
...make a 35-lb., 2-h.p. outboard motor. From sales of 3,500 motors in 1922 the company reached a peak of 31.000 in 1929, a figure representing more than half the industry's output. The company now makes five sizes of outboard motors, ranging from the 1??-h.p. single cylinder motor to the 4-cyl., 32-h.p., 116-Ib. Johnson Sea Horse. During the last two years motorboat sales have dropped badly. Last week it was no surprise when the smooth drone of Johnson Motor Co.'s affairs was broken, the firm sputtered, coughed, lapsed into receivership...
...Adopt a 1??-per-gal. import tax (i. e. tariff) on crude oil and gasoline. Unsuccessfully (190-10-97) did Representatives from the Atlantic seaboard attempt to block this concession to the Southwestern oil producers. Next day the House chaplain opened the session by reciting . . . Thou preparest a table before me in the presence of mine enemies; Thou anointest my head with oil; my cup runneth over. (Psalm...
...normal income tax rate was upped from 1??%, 3% and 5% to 2%, 4% and 6%. Exemptions were reduced from $3,500 to $2,500 for married persons, from $1,500 to $1,000 for single. The 25% credit on earned income up to $30,000 was reduced to 12½% on incomes up to $12,000. The surtax rate which now stops at 20% was stepped up much faster to 40% on incomes of more than $100,000 per year. What a married man with no dependents would have to pay was set forth in the following table...
...last week New York Stock Exchange values jumped $3,000,000,000 in five trading hours. The next market day they surged up another $4,000,000,000 in two hours. The rise was the sharpest and strongest in months. Simultaneously cotton moved up $1 per bale. Wheat spurted 1?? and 2¢ per bu. Commodities bulged hopefully. The cause: A bill (House of Representatives No. 9203) "to improve the facilities of the Federal Reserve System for the service of commerce, industry and agriculture, to provide means for meeting the needs of member banks in exceptional circumstances and for other purposes...