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...Hitherto all severe excess-profits taxes in the U.S. and Britain have avoided this pitfall by allowing businesses the alternative of computing their normal profits on the basis of an average of past earnings. But Henry Morgenthau sees business only in terms of dollars, not in terms of work and enterprise...

Author: /time Magazine | Title: TAXATION: Henry & His Hatchet | 10/6/1941 | See Source »

Gorceixite is a rare mineral that is quite worthless except as an indication that diamonds may be found near by. But the significance of the discovery had nothing to do with diamonds. It had to do with the fact that hitherto gorceixite has been found only in Brazil, whose bulge, if slid eastward around the globe, would fit neatly into the Gulf of Guinea, against the shores of Sierre Leone and the Gold Coast...

Author: /time Magazine | Title: Science: Plausible Pebbles | 10/6/1941 | See Source »

...five minutes after seven he was nearing his half-dreaded goal. As he approached the front door, all Vag's hitherto generalized confusion centered on one specific fear: he had no car . . . would she mind going into Boston on the subway? Of course she would. She had worn an expensive dress at the dance. And a fur wrap too. The dress and the wrap came before his mind's eye in painful detail. Why hadn't he thought of borrowing a car? He was over half an hour late as it was, so maybe she had gone to supper with...

Author: NO WRITER ATTRIBUTED | Title: THE VAGABOND | 10/3/1941 | See Source »

From an influential Old Guard Republican- a man who had hitherto denounced and opposed every major Roosevelt move in World War II - these were sensational words...

Author: /time Magazine | Title: THE CONGRESS: The Folks at Home | 9/29/1941 | See Source »

...this ruling to Canada in 1764. The "Benedictine dispensation" was still in force when the present Quebec civil code was promulgated in 1866. But after Pius X revoked it in 1908, Quebec judges began interpreting the civil code provision that impediments to marriage "remain subject to the rules followed hitherto in the various churches" to mean they remain subject to papal ruling. They consistently invalidated mixed marriage not performed with "due precautions" by a Catholic priest...

Author: /time Magazine | Title: Religion: Mixed Marriage in Quebec | 9/29/1941 | See Source »

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