Word: bankes
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Dates: during 1930-1939
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...insurance payroll tax to the first $3,000 of earnings cutting off about $65,000,000 in taxes; 3) to liberalize old-age benefits by commencing payments in 1940 instead of 1942, and to allow benefits to persons becoming 65 in 1939; 4) to add 1,300,000 seamen, bank clerks and farm association members to the rolls; 5) to obligate the Government to match States dollar for dollar up to $20 per month for old-age pensions; 6) sharply to limit the size of the old-age reserve account to three times the maximum yearly benefit payments expected...
...millions of U. S. citizens who follow racing, racing's ancient purpose?Improvement of the Breed?is largely a gag. It is no gag to The Jockey Club's Chairman. It is a business as serious as building up the world's eleventh biggest bank, to which he has devoted two decades. The banking business has not been too good for anybody in the past few years. But for William Woodward the business of breeding and running horses has been fine...
...School in 1902, William Woodward was introduced to racing at Ascot and Newmarket while working in London as secretary to U. S. Ambassador Joseph Choate. In 1910, on the death of his uncle, Banker James T. Woodward, young Bill inherited not only controlling interest in Manhattan's Hanover National Bank, but also the famed Belair Stud, a 3,000-acre farm at Collington, Prince Georges County, Md., close by the spot where his paternal ancestors first settled...
Belair. One of the few large U. S. racing establishments that annually show a profit at the end of the year, William Woodward's Belair Stud is conducted with the same efficiency that developed the Hanover National Bank into the huge Central Hanover Bank & Trust. Belair is itself a fairly big business. It represents an investment of perhaps $1,000,000 and spreads over four plants. The horses are born in Kentucky, raised in Maryland, groomed for their racing careers on Long Island (or Newmarket), retired to stud in Kentucky...
...offset this, FHA this week made another reduction in the maximum interest rate-from 5% to 4½%. Reason: cutting the rate last year from 52% to 5% produced an immediate increase in building and New York City's new 4½% rate (introduced by Bowery Savings Bank) is continuing to bring homebuilders' money...