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...lawmakers of Texas turn traitor." boomed the Long voice out of the loudspeakers, "and fail to prohibit cotton on Texas farms, the price of your crop will fall to 2?? per Ib. next year. How do you vote on the cotton holiday plan...
...fair return" for the railroads. In nine years (1921-30) the carriers failed by $2,579,000,000 to earn what the law allowed on valuations set by the I. C. C. They earned 3½% last year. This year's earnings would be at the rate of 2??%. "If the carriers were permitted to participate in periods of prosperity equally with other business, they should equally sacrifice in periods of adversity. But they are denied such participation by law." Because they cannot accumulate reserves in good times, they need revenue adjustments in hard time's to keep going...
...gasoline tax rate ranged from 2?? per gal. in Massachusetts,? Connecticut, New York, Rhode Island, Missouri, Wisconsin up to 6^ in South Carolina, Georgia, Florida. Ohio with a 4^ rate made the largest collection ($37,081,451), Nevada the smallest ($675,012). New York motorists used the most gasoline (1,438,582,-716 gal.), California the next (1,162,337,-545 gal.). The average U. S. motorist burned up 556 gal. in the course of the year, on which his tax was $18.62. (Average automobile registration...
...there remain feeling against the moneylender who finances wage-earners with little loans. In 1928, Wall Street was genuinely surprised to hear that the old, conservative house of Lee, Higginson & Co. was offering stock in Household Finance Corp., a company whose business consists of lending $100 to $300 at 2??% a month...
...cost of making the loan, plus the risk, that fixes the rate. Evidence of this is seen in a comparison of Beneficial Industrial Loan Corp. and Household Finance Corp. Beneficial handles mostly small loans (down to $10), charges 3½% a month. Household handles no loan smaller than $100, charges 2??% a month. Household openly advertises: ". . . Any licensee who makes loans of less than $100 and a certain class of loans in larger amounts is, in our opinion, entitled to and is justified in charging the maximum rate of 3½%. a month. We could not afford to make loans of less...