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In TIME'S Judiciary article appearing in the Nov. 15 issue, it is brought out that the Supreme Court by a 5 to 4 majority held that a $10,000 gift made to an employe for "valuable and loyal service" in 1931 was not taxable as income.

Author: /time Magazine | Title: Letters, Dec. 13, 1937 | 12/13/1937 | See Source »

This is quite contrary to the conclusion reached by the Court. The Court pointed out that the taxpayer never was an employe of the Unopco Corp. and that the stipulated fact was that the disbursements were not made or intended to be made for any service rendered or to be...

Author: /time Magazine | Title: Letters, Dec. 13, 1937 | 12/13/1937 | See Source »

Mr. Rascoe further recounts that on one occasion after the Marshall Field store had withdrawn its advertising from the Hearst papers, Mr. Annenberg, then a Hearst employe, led an army of 60 drivers and newsboys which surrounded the store for an hour yelling "Marshall Field's closed!" after which...

Author: /time Magazine | Title: Press: Rascoe's Annenberg | 12/13/1937 | See Source »

Like Stephen Foster (Old Black Joe) and Ethelbert Nevin (The Rosary), Cadman was born in Pennsylvania (Johnstown, 1881). His father was an employe for many years in the Carnegie Steel mills in Duquesne. Leaving public school at 14, Cadman took up music in earnest, and 14 years later supported himself...

Author: /time Magazine | Title: Music: Gum Chewer | 12/13/1937 | See Source »

In 1883 dainty little Rose Markward married a knit-goods salesman named Charles Briggs Knox who had precisely $11 left after he had paid the minister. By 1889 the thrifty Knoxes had saved $5,000, invested every cent of it in a tiny gelatine works at Johnstown, N. Y. Last...

Author: /time Magazine | Title: Business: Happiness Headquarters | 11/29/1937 | See Source »

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