Word: exemption
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Dates: during 1920-1929
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...following is the final cast: Orgon William Graves 21. Cleante J. T. Lodge '25 Damis H. D. Merian '27 Valere Ernest Iselin Jr, '26 Tartuffe J. R. Robinson '25 M. Loyal Richard Waldron lL. Un Exempt A. T. Merian '25 Madame Pernelle Mise Rebecca Williams Elmire Mise Mary Vinton Murray Mariane Miss Helen Grew Dorine Miss Ethel Thayer Flipote Miss Mary Otis
...exempt...
...cast is as follows: Orgon William Graves 2L Damis R. D. Merian '27 Cleante J. D. Lodge '25 Tartuffe J. R. Robinson '25 Valere Ernest Iselin, Jr. '26 M. Loyal G. K. Bell, Jr. '25 L'Exempt A. T. Merian '25 Mrue Fernelle Miss Rebecca Williams Elmire Miss Mary Vinton Murray Mariane Miss Helen Grew Dorine Miss Fxbel Tbayer Filpote Miss Mary Otis
Such an outcome was not unexpected. To deprive local communities of the privilege of issuing tax-exempt bonds, would restrict their borrowing power. This would cut down public building projects and seriously affect local political patronage...
...following is typical of the arguments of those in favor of the resolution: "To vote for tax-exempt securities is to write after the income tax schedule the following amendmnt: 'Providd, however, that the payment of these taxes is at the option of the taxpayer, and if he does not desire to make this voluntary contribution, his declination meets with the entire approval of the Congress...