Word: exemption
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Dates: during 1930-1939
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...Vagabond all life is one great Reading Period in which to indulge his wayward fancies. Untrammeled by the ordinary necessities which hamper men he can lead the pleasant life of the dilettante. For celibacy and his extra-curricular affiliation with the University render him exempt from the cares which burden his fellows...
...Ariemas Ward, former head of the well known advertising firm of that name, who died in 1925. The exact amount of the bequest, which totals $5,370,669, has never before been made public due to the fact that the gift went to an educational institution and was exempt from taxation...
Harvard recently agreed to accept, from a well-known preparatory school, a handful of students who should be exempt from entrance examinations. A stand among the first five or ten of the graduating class would be sufficient to secure admission. This was another logical step in the cutting of the red tape which makes the passage from school to college an educational task rather than a natural evolution...
...Notably exempt from increases were: all kinds of grains, rice, flour, meal, hay, alfalfa, straw, cotton, fresh fruits not mentioned above, potatoes, peas, beans, flaxseed, sugar beets, horses, cattle, sheep, goats, hogs, logs, fuel wood, railroad ties, excelsior, sawdust. No increases would be permitted on any carload to exceed by 10% the present maximum rates...
...Exempt from this may be some commodities (perhaps wheat and corn), some manufactured goods and a variety of miscellaneous products (flour, cement) which have foreign competition. The actual increase to the roads might be nearer 6% as measured by gross freight revenues. And the Commission moves slowly; Depression continues; many months must pass before any increase can be translated to earnings. Hence a nervous psychology has developed in the minds of investors toward rail bonds. Part of this psychology has been due to misunderstanding of newspaper headlines saying that many rail bonds may soon be "illegal...