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Sproul had been tempted before: a California bank once offered him a $50,000-a-year presidency; President Roosevelt wanted him as director of Selective Service. Each time, crowds of students had staged rallies, shouting "Stick with...

Author: /time Magazine | Title: Education: Straight Furrow | 2/17/1947 | See Source »

...work for Johnny Torrio, a First Ward vice and bootleg racketeer, running a saloon and brothel (at $75 a week) on South Wabash Avenue. He did his work well. Soon he became Torrio's field general and drill sergeant, and was cut in on a $100,000-a-year profit. Chicago began to hear the newcomer's name. It was Al Capone...

Author: /time Magazine | Title: National Affairs: Big Al | 2/3/1947 | See Source »

Electric Boat got the plant on a 15-year lease. It put up $1,000,000 at once and will add later a larger sum (reportedly upwards of $20,000,000). Electric Boat's vice president, 53-year-old John Jay Hopkins, becomes Canadair's new board chairman. Canadair now has orders for 20 transports for Trans-Canada Air Lines and 24 military planes for the Royal Canadian Air Force. Hopkins is shooting for a $40,000,000-a-year international business. He hopes to add another $10,000,000 by reconverting and overhauling planes...

Author: /time Magazine | Title: Canada: CANADA,QUEBEC: Operation Know-How | 2/3/1947 | See Source »

Even so, New York's minimum will still be below that of California, which recently approved a $2,400-a-year base...

Author: /time Magazine | Title: Education: Boost | 1/20/1947 | See Source »

...current tax on a married $40-a-week workman is $285. Under HRI, he would pay $228 a year to the Bureau of Internal Revenue. Net annual income after taxes, or "keep-home pay, would increase under HRI from $1715 to $1772. The net effect for the $200-a-year man is therefore an income boost of slightly more than two and a half percent. As gross income rises, the kickback under HRI rises not only in absolute terms, but percentage-wise as well. At $5000 a year, the net gain in income would be somewhat less than four percent...

Author: NO WRITER ATTRIBUTED | Title: Brass Tacks | 1/20/1947 | See Source »

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