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Without assigning obvious credit to AAA, Federal Land Bank officials in Omaha last week reported farm land prices in Iowa, Nebraska, South Dakota and Wyoming up as much as 33% from last year. More than 50% of buyers are bona fide settlers. A farm near Omaha lately sold for $155 per acre, a half-section in Sac County, Iowa for $135 per acre. A northern Iowan reported an offer of $110 per acre for land he lately bought...
Last week the scene of his great stroke for Capitalism against Depression was again Brooklyn, this time to the west of Coney Island. On Gravesend Bay, where ocean liners, after passing through The Narrows, almost cross his front yard, he owns 13 acres of bona fide land, some 38 acres beneath the sludgy waters of the Bay. What Joe Day wanted above all else was $5,500,000 in cash to build apartments on his land...
Near the end of his week on the stand, Mr. Mellon learned that the New Deal had fresh troubles in store for him. The Bureau of Internal Revenue ruled that he would have to prove that his A. W. Mellon Educational & Charitable Trust is a bona fide philanthropic organization and not a tax-dodging scheme. Thus most of the $19,000,000 worth of paintings which he has set aside in the Trust for a proposed national art gallery in Washington may be subject to a huge gift tax or a 55% inheritance tax on Mr. Mellon's death...
...circulation stunt by the News's able columnist and onetime sports editor, Paul Gallico, Golden Gloves tournaments promptly substantiated his theory that each contestant had ten friends who would buy the News to read about him, got the News unexpected publicity when other papers recognized it as a bona fide sports event. The Tribune held its first Golden Gloves tournament in 1928. Newspapers in some 50 other cities copied the idea. That this year's bouts were more one-sided than usual was not due entirely to the fact that Chicago's team included representatives of Detroit...
...read the case, if there is a bona fide surplus, there is an implied right to sell the surplus. I get the idea from the proof . . . that the [TVA] directors have not arranged to dispose of any surplus of that kind but have treated all power as surplus either to show by example how cheap power can be made by the Government or in connection with its experiments for other purposes in the Valley...