Word: exemption
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Dates: during 1930-1939
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...vaults. Last week Chase's Chairman Winthrop Aldrich, still raking Mr. Wiggin's cabbage patch, dug out the 150,000 shares of Corn Exchange stock, sold them to Lehman Brothers, bankers. No price was revealed. Two days later Lehman offered 78,000 shares of the bank stock (exempt from the Securities Act) to the public at $54 a share...
...Because warships of less than 600 tons are exempt from the London Naval Treaty, Japan has just launched several of a series of 527-ton torpedo boats, mounting three 5-in. guns. Last week the Tomozuro, first of its class, capsized at battle practice drowning 110 hands...
...differing viewpoints but there will be no dissent from the proposition that expert personnel shall be employed in the administration of these new laws. For this reason it is significant that in the proposed stock exchange control bill, the proponents of the act are asking that the measure be exempt from the usual civil service requirements and that salaries up to $15,000 be paid. The next thing of course is to find some effective way to keep the Senators and Representatives from asking that their friends be appointed to these expert positions so that the commissions in charge...
More haggling occurred over the matter of whether reporters were ''professional persons" and therefore exempt from the 40-hr, a week clause. The American Newspaper Guild, formed last autumn, helped evolve a satisfactory compromise by requiring the code to make a survey of editorial hours and wages...
...worth of U. S. property exempt from taxation, nearly one quarter is owned by churches. Custom has sanctified this exemption, which stems from the time when Church and State were one. When they separated (Massachusetts had a State-supported Church until 1833), it was assumed that church property was devoted to public good. But currently more and more churchmen are beginning to question.their right to accept what amounts to a State subsidy for 210,924 U. S. church buildings...