Word: flemington
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Fastest growing business in sleepy, elm-shaded Flemington, N.J. (pop. 2,700) is that of holding annual stockholders' meetings. Last week business was brisk. In one day, stockholders of the New York Air Brake Co., American Crystal Sugar Co. and McHutchinson & Co. (garden bulbs) plumped down in chairs in the law office of sedate, greying George Knowles Large, droned through the meetings, caught the first train back to New York, virtuously felt the 50-mile trip well worth the thousands of dollars in taxes they had thus saved their companies...
...years ago, Standard Oil Co. (N.J.), sick of tax-hungry cities which fattened on the intangible property tax,, moved its legal residence to Flemington, the county seat where the Hauptmann trial was held. On personal property of $45,000,000, Standard paid a tax of $301,500. This lump sent Flemington's tax rate of $3.91 per $100 parachuting to 67?. Since then, 135 equally tax-conscious corporations have followed Standard's trail, adding a total of $200,000,000 to Flemington's intangible tax rolls...
Registered agent for 122 of these corporations is Lawyer Large, former county judge. Most meetings are held in his mahogany-paneled office on Flemington's Main Street. Overflow sessions are held in the Women's Club or in the Grange Hall, where Ladies of the Grange stuff stockholders with country fried chicken...
...Colonus, a 25-to-1 shot ridden by a 17-year-old jockey: the Melbourne Cup, Australia's No. 1 horse race; finishing seven lengths ahead of Phocion and Heart's Desire, both 50-to-1 shots; at Flemington, near Melbourne, Australia. It was the widest walkaway in 70 years, the slowest race (3:33¼ for two miles) in 50 years. Instead of the usual gold cup, Colonus' owner received $650 in war bonds...
...prove he was eligible for release from the Army because he was past 28, Draftee William L. Marks sent home to Flemington, W.Va. for his birth certificate. Last week Private Bill got the certificate and some new intelligence about himself. He was not under 35, as he had supposed, but 38. He had not been eligible for the draft in the first place...