Word: gal
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...Major Franco's followers was Lieut. Joaquin Collar. Last week at Tablada Airdrome, near Seville, Lieut. Collar and Captain Mariano Barberan, bald-pated air hero of the Moroccan war, climbed into a long-snouted Breguet biplane named Cuatro Vientos. Lumbering beneath an enormous fuel load (1,400 gal.) the plane took more than a half-mile run to get off. In an hour it was over the ocean. For a day, a night, and another day the plane roared westward across the Atlantic like a perfectly aimed projectile to the eastern tip of Cuba, settled down at Camaguey, flew...
...against an increase in the normal tax rates, Chairman Harrison proposed a substitute which the committee gladly accepted. The substitute: 1) a 1/10; of 1% tax on the capital worth of corporations; * 2) a 5% tax on corporate dividends withheld at the source of payment; 3) a ½? per gal. added gasoline tax. Chairman Harrison figured his tax plan would raise $7,000,000 more than the required amount...
...gal. In addition the 1932 excise taxes on automobiles, radios, mechanical refrigerators, jewelry, furs, cosmetics, soft drinks, etc. etc. were extended for an additional year to July i, 1935. Total tax: $700,000,000. The capital gains & losses back-door was unnoticed until the Morgan story broke...
...Passed a House bill to continue for another year the 1? per gal. gasoline tax, to reduce local postage from 3? to 2?, to authorize the President to adjust other postal rates as he sees fit; sent it to conference. The House bill transferred the 3% electricity tax from consumer to producer. The Senate bill put a 2% tax on the producer of commercial and domestic electricity, a i% tax on the industrial consumer...
...emergency means of raising some $40,000,000 in revenue. Its proceeds were to be spent either on jobless relief or school expenses. *Only two kinds of retailers were exempt from the tax: farmers selling their own products and filling stations where gasoline is already taxed 3? per gal...