Word: factly
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Dates: during 1930-1939
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...companies? Since he mentioned banks as an example, this was naturally taken to mean all holding companies, not just utility holding companies. At his first press conference last week he remarked that he had not used the word in a dictionary sense. At his second, he dwelt on the fact that he had meant only utility and bank holding companies. And to the Advisory Council he retracted even to the point of admitting that "proper" utility holding companies are "advantages for the public good...
More outstanding than the fact that Congress was face to face with the Taxpayer was another fact: the U. S. people, for the first time in history, were face to face with the Tax Collector-close enough to see the white of his eyes. Until the War, the U. S. Government was almost wholly supported by customs receipts and excises on liquor and tobacco. Income taxes were unconstitutional, business in general was virtually untaxed. But 31 pregnant words were added to the Constitution in 1913* and, because of the exigencies of War, the new income tax, personal and corporate, became...
Tory's Son. Oddest fact about the New Deal's No. 2 Fiscal officer is that his father is President Hugh Magill of the American Federation of Investors, a pressure group with a thoroughly Tory orientation. In his younger days Father Magill was a liberal who supported the elder La Follette. When Son Roswell was born 42 years ago Father Magill was the high-school principal in Auburn...
This broad Victorian background on the state-of-the-nation and the world gave the part of the speech which Mr. Hirota devoted to China its special weight. Victorians had their devils, and Mr. Hirota did not conceal his horror at the fact that "members of the Communist International have penetrated all classes of the Chinese, destroying the social order of the country and endangering the stability of East Asia!" He found it "most lamentable . . . for the sake of the rest of Asia as a whole, as well as for the people of China" that the Chinese Government of Generalissimo...
There are those who mourned, when Harvard inaugurated the House plan some years ago, at the fact that unappreciative Freshmen would hence forth occupy the hallowed balls in the Yard. Some alumni dashed a tear from their eye as they realized that Seniors would have to spend their last year in college in some remote exile down by the river instead of within the whispering walls of Weld or Stoughton. It was sad at the time, perhaps, but no one really suffered by the new arrangement. Seniors discovered that the Eliot House grill could make...