Word: extras
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Dates: during 1930-1939
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Turning to Canada, the House Ways & Means Committee last week borrowed a big backlog for its new revenue bill. Rolled in for the committee's private inspection was a 2% tax on manufacturers' sales which, it was estimated, would net the Treasury an extra $600,000,000 per year. Before this piece of tax timber could be put officially into the bill, certain exemptions had to be whittled out and administrative provisions chopped in. But committeemen, Republicans and Democrats alike, were so enthusiastic about this imported levy, even in the rough, that they declared it was a "sure...
...started with a few men sitting around the lobby of the Elks Club in Muncie, Ind. Tired of talking about national unemployment and the Depression, they decided to do something about joblessness in their own town. They canvassed homes and factories, asked everyone to make one extra job, bought newspaper space first to tell their plans, later to detail their achievements...
...workingmen, were maneuvered into giving the plan their support. Manhattan's Biltmore Hotel donated office space for national headquarters. A national organization sprang into life with one purpose in view, namely, to tell every employer that if he and 999,999 other employers would make one extra job available for six months, a million men would be put back to work. It was the militant Legion which suggested that the drive be called the "War Against Depression...
...Donated was $250,000 worth of car card space. Director Byoir, who said his present organization outshone anything he had put together in the War, arranged for "War Against Depression Service Stars'' to be displayed in the windows of everyone who had helped make one of the extra jobs. Last week, at the end of the first ten days of the campaign, more than 100,000 new jobs had been created...
...bonds will pay 8% interest. Any year that a dividend is paid on the preferred stock they will receive an extra ½%. Any cash dividend on the Class A common stock will give another 1/2% bounty to bond holders. Any cash dividend on the common will give them another 1 % premium. Thus the bonds are "participating conditionally up to 2% additional"?a phrase rare in finance. In addition to this "sweetening," each $1,000 bond has a warrant entitling the owner to buy, from 1933-48, ten shares of common at $5 (current prices: $4). The bonds will...