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...Oregon Law against private (parochial) schools constitutional (TIME, Mar. 30 for argument...

Author: /time Magazine | Title: SUPREME COURT: Three Oracles, Nine Priests | 4/27/1925 | See Source »

...bought a share of stock for $100 today and sold it tomorrow for $90 he could, under the present income-tax law, deduct $10 from his current tax return as capital loss. The present law sets Mar. 1, 1913, as the date for computing values of property previously acquired. Question! A man bought a share for $90 in 1912. It is worth $100 in 1913. He sells it in 1919 for $95. Can he deduct $5 as capital loss ? "No," said the Supreme Court, although Justices McReynolds and Sutherland dissented from the unalterable "No." The taxpayer (in this case, Harriet...

Author: /time Magazine | Title: National Affairs: What Tax? | 4/27/1925 | See Source »

Days passed without word from the good ship Arc turns, bearing Scientist William Beebe and 48 companions on an exploration of the deep sea (TIME, Feb. 16, Mar. 9, 16, 30). The Arcturus had traversed the Caribbean, threaded the Panama Canal, headed down for the Humboldt Current off the coast of Ecuador. A week passed, ten days, eleven. On the twelfth day, the U. S. Naval Commandant at Balboa, Panama, notified the Navy Department at Washington that two unnamed ships had relayed to him by air some intelligence from the Arcturus. Next day, the ship reported direct to Washington, stating...

Author: /time Magazine | Title: Science: Beebe | 4/20/1925 | See Source »

Gentlemen: Mar...

Author: /time Magazine | Title: Letters: Apr. 20, 1925 | 4/20/1925 | See Source »

Does your correspondent, Oliver Kecthtson, know anything about Fatty Arbuckle that causes him, in your issue of Mar. 9, P. 27, to sneer at the mention of his marriage as a news item? If he feels that all mention of that unfortunate victim of a series of circumstances over which he had absolutely no control, should damn a man who, previously to his persecution in San Francisco, made the cleanest pictures the screen ever displayed, he should have had my privilege, that of having him, as I did, as a guest of the hotel (The Plaza in San Francisco...

Author: /time Magazine | Title: Letters: Apr. 20, 1925 | 4/20/1925 | See Source »

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