Word: bonde
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Dates: during 1940-1949
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With his frost-nipped ears taped up, Franz von Werra was taken in tow by the German Consulate in New York City. Out on bond, he reported in Manhattan to see what would happen next. Since international law forbade the U. S. to return him to Canada, likelihood was that the Government would order him deported. How a deportation order could be carried out with Britain in control of the seas was a question resourceful Franz von Werra did not worry about. He knew that, to Adolf Hitler's Luftwaffe, he was worth 20 times his $5,000 bond...
...encourage production, the executives gave three substantial votes of approval: revise the excess-profits tax to exempt profits up to 5% of a company's gross, apply a sliding scale thereafter (favored by 43.3%); tax land improvements at a lower rate than land itself (40.1%); tax income from bond interest more than income from dividends (33.9%). Altogether 78% voted for at least one of the five incentive taxation proposals, more than 50% voted for two or more. If Business was willing to swallow more & bigger taxes, it also wanted a new conception of what taxes are all about...
...Quinn proposal appealed to Frank for much the same reasons. The investment trusts could take over the British stocks at a price based on their earnings, just as insurance companies buy new bond issues ("private placement"). They can sell them later, when the market is right -if they wish. Meanwhile, time being short and the route to a public offering being long, the British would have their cash at once...
...through A. G. & E.'s uncharted archipelagos. Mostly stenographers and clerks (some of whom had been raised to figurehead officials and directors), they pieced out the odyssey between them. They told how Howard Hopson had once netted $2,000,000 from selling parts of a $63,000,000 bond issue back & forth between member companies via a $10,000,000 rubber check (TIME, May 20); how operating companies had to pay two salaries for each of many employes, one to the employe and one to Hoppy; how Hopson deducted huge bills at the lavish Palm Beach Sun & Surf Club...
Last week, when the news got around that Jumbo was turning black, the bond holders had another reason to be grateful to Binns: from a 1940 low of 28 the bonds had shot up to 62. Said Binns: ". . . Think what we could do with an occupancy...