Word: exceptional
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Dates: during 1940-1949
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...sure, there are persuasive illustrations ad nauseum of the effect of the Mellon approach on U.S. economic history [TIME Oct. 3]. However, to show its full extent, one fact should be noted. In 1926 the federal gift tax was repealed and the federal estate tax was reduced significantly (except for John Garner, it would have been repealed). This abolition and reduction occurred primarily through the influence of one man, Andrew Mellon...
...grown into a $2.4 billion empire which operates 24,178 miles of main track, twelve hotels, three steamship lines, an airline (TransCanada) and a nationwide telegraph service. It has become Canada's biggest employer (some 111,000). In recent years, C.N.R. has earned money on its operations, but, except for the war years, has seldom shown a net profit. Last year's earnings ($26.5 million) were not enough to meet even half the interest payments on C.N.R.'s longstanding debt-a whopping $1.3 billion...
...Except for a 21-7 victory in 1946, in the Indians' own camp, the post-war series has been disappointing to the Crimson. Last October Harvard played Dartmouth an oven game--and lost 14-7. There was only one penalty in the contest an it came, against Harvard, on a touchdown play which might have tied the score...
...when Jaakko speaks of new men, except in one or two positions such as the weight, where there are definite gaps, he is thinking in terms of depth. "We can always use good men anywhere," he says...
...game became a contest of line-power after the initial period. Lowell was held in its own territory except for a third-quarter drive to the Bunny 15, where it lost the ball on a fumble. Leverett recovered a Bellboy fumble on Lowell's 35-yard line in the final period and carried the ball to the 2, where the Bellboy line hold...