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After Repeal, when Asher broke with Paul V. McNutt's local politicians, his noisy cafe, the "Wig-Warn," lost its liquor license. When HOLC foreclosed on him, he broke with Roosevelt and started X-Ray ("A Beacon for Taxpayers and Honest Labor"). In its five years its circulation has wavered between...

Author: /time Magazine | Title: The Press: Mosquito | 6/1/1942 | See Source »

...assessed valuation. Assessments ran at least 100% of true valuation, sometimes more. A survey of 108 properties by the Federal Home Loan Bank Board showed that they were so over-assessed that their average effective tax rate was $74 on $1,000. On one of its houses, on which HOLC collects $75 a month rent, it sets a modest appraisal of $6,000. Jersey City's appraisal...

Author: /time Magazine | Title: NEW JERSEY: Sign in the Sky | 4/28/1941 | See Source »

...Competition of public lending agencies (RFC, HOLC, etc.) with private institutions has worked against private risk of capital...

Author: /time Magazine | Title: GOVERNMENT: Immature Economy | 6/10/1940 | See Source »

...York's Attorney General retaliated for the Port Authority levy by trying to collect State income tax upon the Federal salary of an attorney for HOLC (TIME, Nov. 28). Utah's Attorney General tried to collect on the salary of an RFC attorney. In each case, the State's high court ruled against its Attorney General. No one was surprised, for 120 years ago, in a somewhat similar case, McCulloch v. Maryland, U. S. Chief Justice Marshall ruled against Maryland saying: "The power to tax involves the power to destroy." This week the U. S. Supreme Court...

Author: /time Magazine | Title: National Affairs: Marshall Overruled | 4/3/1939 | See Source »

...appealed the case of James B. O'Keefe, an attorney for Home Owners' Loan Corp. in Manhattan, who had sued for and won in the State courts a refund of $57.28 collected from him by New York on his $2,246.66 HOLC salary for 1934. Attorney General Bennett argued that HOLC is but one of a "constantly mounting number of new operations which have come to be regarded as having some relationship to government," but are certainly not essential to the existence...

Author: /time Magazine | Title: TAXATION: Corn for Geese | 11/28/1938 | See Source »

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