Word: lowerings
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Dates: during 1920-1929
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...since then it has been 40% (TIME, June 2, 1924.) Under the new bill it is to be 20%. It was argued that it was unfair to assess unusually high estate taxes against those who happened to die in the last two years, when taxes before that were lower and are now to be lower. So the 25% maximum rates were restored until the new bill becomes effective. Estate taxes are collected over a comparatively long period-up to five years-and therefore it is expected that the loss in revenue will be spread out over several shears...
...from 4% to 4½%, to prevent export of British gold to the U.S. Also the Reserve system apparently feels that too much money is now being used in Wall Street, and that as a matter of policy financial speculation can be restrained by holding the New York Bank rate lower than rates of the other Banks, and thus forcing funds from New York to other U.S. centres...
...through stiff opposition. Debevoise was seeded number one, while Lenhart was third in the ranking. Today's loser will be the first favored contestant to suffer defeat, H. N. Rawlins '27 and R. S. Wright '26, seeded two and four, respectively, still being among the three contenders in the lower half...
...Lower House, made up of 100 members elected for a term of four years. The First Chamber consists of 60 members representing the "Provincial States," elected one-half every three years for a term of six years...
...total of 941 votes cast, only 268 favored the measure. The reason was not far to seek. At present every exchange member knows that his "seat" is worth in excess of $130,000. Should more seats be added, the laws of supply and demand would function to lower that value. No exchange member wishes his "equity" to be affected. Therefore the present excessively heavy movements in securities on the exchange (TIME, Oct. 26, et seq) will continue to take place without an increase in the number of the opulently seated. The Governing Board's proposal was the first...