Word: greyhound
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...current corporate tax law is designed to make corporations pass out earnings to stockholders, under penalty of a steeply graded undistributed profits tax. Fortnight ago. the I. C. C. showed what it thought of this phase of the New Deal's tax philosophy when it permitted Greyhound Corp. (busses) to issue a preferred stock dividend, on which holders will have to pay income tax. so as to plow back 1936 earnings without paying a fancy tax penalty. Last week in its report to Congress, I. C. C. amplified its position in the matter...
Died. Sir Henry Curtis-Bennett, 57, famed British criminal lawyer, three weeks ago named chairman of the London Court of Sessions; after collapsing at a Greyhound Racing Association dinner at the moment he was joking about his weight (252 lb.); in London. In his only (1924) campaign for Parliament, he promised to kiss each of the 16,269 women constituents of Chelmsford, was elected...
...From the greyhound incident Hunt Diederich's reputation blossomed quickly. Followed a series of commissions for animal sculpture of all sorts from fire screens to weather vanes. His wrought-iron silhouets of horses and riders became world-known. At the height of his popularity eight years ago Hunt Diederich fell off a scaffolding in Germany, smashed his right leg. It became infected. Doctors wished to amputate but Sculptor Diederich stubbornly refused to let them, traveled in agony from one hospital to another. Few months ago the first real progress came with the application of sterile maggots to the open...
...local bus lines had beaten this mark by carrying 651,999,000 passengers in 1935. An increase of almost 50% over 1934, it was the first time busses had handled more traffic than their biggest rivals. To keep pace with this new business, the largest U. S. bus line, Greyhound Corp., last week whelped the first 25 of a litter of 305 new busses, completely outmoding present standard equipment...
Very similar in design to the new Greyhound busses are the East's first sleeper-busses, introduced on the Chicago-New York run last month by a new company named All American Bus Lines. The West Coast has had sleepers since 1928. Last year Greyhound extended its "nite-coach" service eastward as far as Kansas City (TIME, May 6, 1935). That the East was ripe for a similar facility was amply proven last week by the crowds which filled All American's sleepers to 95% of capacity...