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Due either to odd coincidence or bitter design, there has been a tax fight between wealthy Senator Couzens of Michigan and wealthier Secretary Mellon of the Treasury Department, since 1925. It was a fight over Senator Couzens' profit tax on his shares in the Ford Motor Co., which he...

Author: /time Magazine | Title: THE CABINET: Flivver | 5/14/1928 | See Source »

Senator Couzens, an original Ford incorporator, acquired his stock (2,180 shares) for some $40,000, prior to 1908, and sold it for some 30 millions in 1919. When Henry and Edsel Ford sought to buy him out in 1919, the Internal Revenue Bureau calculated that $9,489.34 per share...

Author: /time Magazine | Title: THE CABINET: Flivver | 5/14/1928 | See Source »

Six years later, during an investigation of the Internal Revenue Bureau by a Couzens-headed committee of the Senate, Senator Couzens was notified that his profit-tax payment of 1919 had been far from adequate; please to pay some $10,000,000 more. Senator Couzens charged that some one in...

Author: /time Magazine | Title: THE CABINET: Flivver | 5/14/1928 | See Source »

Last week's ruling in favor of Senator Couzens by the U. S. Board of Tax Appeals not only upheld his 1919 tax payment but found it had been about $500,000 too large. The Couzens case, whether designed by Secretary Mellon or brought out in line of duty...

Author: /time Magazine | Title: THE CABINET: Flivver | 5/14/1928 | See Source »

Few diseases are more undignified in adults than mumps and few adults are more dignified than U. S. Senators. It was with sympathy not unmixed with glee that readers of The Club-Fellow, jaunty "national journal of society," read last week that "Senator Joe Robinson has been suffering that undignified...

Author: /time Magazine | Title: National Affairs: Mump Canard | 5/7/1928 | See Source »

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