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...meet this situation I recommend: 1) that the Federal tax on gasoline (1 per gal.) be continued until June 30. 1934, producing about $137,000,000 additional revenue; 2) that the manufacturers' excise taxes now imposed on certain 'articles be extended and in part replaced by a general uniform tax (excluding food). The annual yield of such a general tax at 2 1/4% would be approximately $355,000,000. The additional $492,000,000 of revenue produced in this way will avoid a further in crease in the public debt [i. e.-balance the budget...

Author: /time Magazine | Title: FISCAL: Budget: 1934 | 12/12/1932 | See Source »

Though wine was much more remote than beer, California vintners were also stirred with new hope. In that State before Prohibition were 770 wineries, of which 166 are still in operation under Federal license. Under bond are some 18,000,000 gal. of wine waiting for legal floodgates to open. The first mouquin wine catalog since 1918 was issued last week in Manhattan. The firm announced that it would have a ship loaded with a million dollars worth of wine ready to sail into New York and unload an hour after sales became legal...

Author: /time Magazine | Title: PROHIBITION: Beer-For-Revenue? | 11/28/1932 | See Source »

Self-Help. Over Los Angeles Pilot Paul Munro, flying solo, set the controls of his Curtiss Robin, crawled aft in the cabin, seized a fuel hose dangling from a : nurse ship. He helped himself to 132 gal. of gasoline, returned to his cockpit, flew on. Seven times Pilot Munro repeated the performance, landed only 43 min. short of a new (38 hr.) solo duration record because of a long-distance quarrel with the nurse pilot...

Author: /time Magazine | Title: Aeronautics: On Kill Devil Hill | 11/28/1932 | See Source »

...Sheldon, Mo., Mrs. Marvin Garrett drew 1,000 gal. of gasoline from her water well, found that it had leaked from a filling station tank down the street...

Author: /time Magazine | Title: Miscellany, Nov. 14, 1932 | 11/14/1932 | See Source »

Died. Facundo Bacardi, 40, vice president of famed Bacardi & Co.; of an accidentally inflicted bullet wound with pneumonia and septic complications; in Santiago, Cuba. The Bacardi distillery, founded by his grandfather, produces 25,000 gal. daily, has built a $50,000,000 fortune shared by three other grandsons...

Author: /time Magazine | Title: Milestones, Aug. 1, 1932 | 8/1/1932 | See Source »

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