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...first & only trip to Europe (London, Paris, Brussels), returned to enter the Manhattan law firm of Larkin, Rathbone & Perry. At the same time he jumped into local politics, worked his way up from Republican doorbell-pusher to precinct captain. He was a 29-year-old, $8,000-a-year law assistant with McNamara & Seymour when he was called into public life as chief assistant to the U.S. Attorney...

Author: /time Magazine | Title: National Affairs: WHO'S WHO IN THE G.O.P.: DEWEY | 4/5/1948 | See Source »

...other five of every 100 taxpayers there were other benefits. The optional standard deduction was switched from a flat $500 to 10% of net income (so long as it does not exceed $1,000). Thus, the $8,000-a-year man could list $800 for deductions if he does not choose to itemize them. A bigger saving was in a new allowance after the tax has been computed. For the last two years, this has been a flat 5%. In the new schedules, this subtraction would be 17% on the first $400 of tax, 12% on the rest...

Author: /time Magazine | Title: TAXES: Down! | 4/5/1948 | See Source »

Last week George Hill Jr. dragged it into the open. He quit his $230,000-a-year job as vice president and fired off a blast at American's management. Hill said that American, which had once sold 15% more cigarettes than second-place Camels (R. J. Reynolds Tobacco Co.), was now barely ahead. In 1947, Camels had come up till its volume of production was only 1½% under Luckies. The fault, said he, was in the advertising, and "executive decisions with which I am in fundamental disagreement, and in the making of which I have...

Author: /time Magazine | Title: ADVERTISING: The Prince Steps Down | 3/29/1948 | See Source »

...jointly managed. (The Dutch got AKU's other U.S. subsidiary, American Enka Corp.) No sooner had the Government taken over when a squabble broke out between the board of directors and OAP Boss David L. Bazelon, a New Dealing lawyer who had given up a $50,000-a-year law practice to work for the Government...

Author: /time Magazine | Title: ALIEN PROPERTY: Big Stick | 3/8/1948 | See Source »

Tubby, easygoing Fred Emich holds a $6,000-a-year state government job in Illinois, but for good & sufficient reasons he has never forgotten that twelve years ago he was a Chevrolet dealer. Last week his long-extinct dealership made Fred Emich a millionaire, at least on paper...

Author: /time Magazine | Title: Business & Finance: Dealer's Deal | 3/8/1948 | See Source »

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