Word: effective
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Dates: during 1930-1939
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...Route, a treacherous ribbon of curves and grades famed both for its scenery and its danger. After 51 motorists had been killed on Ridge Route in 15 months, Chief E. Raymond Cato of the California Highway Patrol decided on an ingenious method to cancel the carnage, put it into effect last week on a 62½-mile section of the Ridge Route from Castaic Junction to Arvin Road...
...which required railroads to pension their aging employes (TIME, May 13, 1935), President Roosevelt had Congress pass a substitute, split into two separate parts, (a retirement act and a companion tax measure), in the hope that each would pass court muster alone and together put railway pensions into effect. Last week, in a test case brought by Alton Railroad Co., Associate Justice Jennings Bailey of the District of Columbia Supreme Court declared the two parts "inseparable," outlawed both on the ground that the tax law sought to collect revenue not to defray general government expenses but to benefit one class...
...rush was attributed to the new tax law penalizing undistributed earnings. Chrysler Corp. was whooped to a new high since 1929 ($112 per share) on talk of fatter payments at the next dividend meeting. But while the tax law would evidently tend to liberalize dividend policies, its long-range effect upon stock prices was no clearer than the law itself. The prime factor in stock prices remains earnings, not dividends...
...legend like this: "New York Central Lines Equipment Trust of 1924. Guaranty Trust Co. of N. Y., trustee, owner." On a coach the plaque is usually riveted to the side of the car, on a locomotive below the cab. On American Airlines equipment a plaque to the same effect will probably be attached to the fuselage under the wing...
...breach between Austrian Chancellor von Schuschnigg and Vice Chancellor von Starhemberg was widened early in May when the vice chancellor refused to (1 agree to the return of the Habsburg heir, 2 support the Chancellor's move to effect an Austro-German union, 3 support a treaty of mutual assistance with Italy, 4 disband the Heimwehr, 5 resign his office...