Word: funds
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Dates: during 1930-1939
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...eleven recommendations in its report was that for the repeal of the recapture clause of the Transportation Act of 1920. Under this provision the I.C.C. was authorized to take one-half of a carrier's profits in excess of 5.75% and deposit them in a Federal fund for the use of weaker roads. So bitterly have the roads fought recapture in the courts (the famed O'Fallon case turned on it [TIME, May 29, 1929]) that the Commission has collected only a scant $10,000,000 in ten years. Declared its report...
...While logical, the recapture provisions are open to serious practical objections. It is difficult to make the fund really useful after it has been recaptured. . . . More important are the difficulties and dangers attendant upon collection. . . . The possibilities of litigation are almost without limit. The valuation incident to recapture will alone provide a sufficiently fertile field...
...Israel, reached the U. S. last week from Palestine. The purpose of his visit is to bolster the rage of U. S. Jews against Great Britain's recent opposition to further Jewish colonization of Palestine (TIME, Nov. 3 et seq.), and to raise money for the Jewish National Fund of which he is world president. He is a short, powerfully built, deter mined man aged 63, a Russian-born engineer. He has lived in Palestine the past ten years. Nine years ago he visited the U. S. Fellow Zionists call him "The Iron Will." But his first name, Menachem...
...keen competition for the international scholarships already in existence enables one to greet the new Charles and Julian Henry Fund stipends with more than nominal welcome. How much good is done to the cause of world peace by such exchange scholarships is largely a matter of opinion. No doubt can exist, however, that there is a large number of men eager to have the opportunity of foreign study, and that the new awards will be sought for in a market where the demand far exceeds the supply...
...terms under which the Fund will be administered in the United States raise two important questions: If the scholarships are to be open to men all over the country, would it not be better to have them awarded by a national board, and not by one representing only Yale and Harvard? And, by what standards are the candidates going to be measured to determine whether they have the "intellectual maturity" meriting a scholarship...