Word: life
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Dates: during 1920-1929
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...Miller's life sentence, which began some two weeks before the ninth anniversary of U. S. Prohibition, was purely a Prohibition byproduct, inasmuch as her four convictions had all been found on liquor charges. In 1924, in 1925, in 1927, she had served from six days to a year for violation of the prohibition act. The life sentence was imposed under the Baumes-like Michigan law which establishes four convictions as the test of a "habitual criminal" and sentences such criminals to life terms. Mrs. Miller has ten children, two grandchildren. Her husband is serving his first liquor-conviction...
Insurance. Can a Federal inheritance tax be collected on a life insurance policy when the decedent had retained the right to change beneficiaries? The Supreme Court ruled, last week, that such a tax can be collected on such a policy. Such a tax is constitutional because it is "not a direct unapportioned...
President of China Chiang Kai-shek cabled urgently, last week, to the China Famine Relief Fund, 205 East 42nd St., New York City. "Funds must be raised and forwarded immediately," cabled he, "if great loss of life is to be prevented...
There was for instance that phrase about being unable any longer to view this earth as "a training camp preparatory for life in the new Jerusalem." For six years he had been trying it out on the girls in his sociology classes at Smith College. When they had heard it once or twice, they never forgot...
...Babcock, then chairman of the Mutual Life Insurance Co., was shown that the bank's old charter was very broad, and hence useful. Quickly he reorganized the guaranty & indemnity company as a guaranty trust company. Its capital then (1891) was $100,000, its surplus $720, its undivided profits nil, its deposits nil. Six months later capital was $2,000,000, deposits more than $1,000,000. Thereafter (the corporate name was changed to Guaranty Trust Co. in 1895) growth was sedate, based on insurance policy loans and railroads trusteeships. That is, until Morgan Partner Davison took hold...