Word: investive
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Dates: during 1920-1929
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...corporation, inspired by Chaim Weizmann, world leader, was decreed by resolution at a meeting called in Manhattan by Louis Marshall, Cyrus Adler, Horace Stern, Herbert Lehman. The meeting called upon American Jews to invest between 2 and 5 million dollars. Securities will probably be offered...
...That many men who invest in tax-exempt securities do so not in order to escape taxes but in order to escape business responsibilities and risks...
Representative King of Illinois : "Osborne Wood could not have amassed such a fortune as he did unless he was given hints as to what securities in which to invest by some friendly interests. ... I cannot make any such amount of money from investment...
...Limitation of deductions from gross income for interest paid and for losses of a nonbusiness character to the amount that these items exceed tax exempt income. It was the practice of the very rich to borrow money and invest it in tax exempt securities; thus they could deduct the interest from their net taxable income and also get untaxable profits from their investments. This was made illegal by the Act of 1921. The law is still easily evaded, however, because it is possible for a man to invest his regular income and borrow for his living expenses and other purposes...
...system the Council will also consider U. S. Secretary of State Charles E. Hughes' demand for equal opportunities for the U. S. in mandated areas. One of the great problems which the mandatory system has created is the indefinite character of the mandates themselves. Capitalists have hesitated to invest much money in the areas fearing the nonpermanence of the system...