Word: maximum
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Dates: during 1930-1939
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Such has been the fundamental attitude of the Harvard Phi Beta Kappa for the past century. As the college has grown, the maximum number to be elected to the Society from each class has been increased--not always with corresponding rapidity--from a normal membership of sixteen from each class, until 1866, by stages of thirty, forty, and forty-five, to the present maximum of sixty-five (about one-tenth of the number of men in each graduating class). Traditionally, eight men are chosen in the fall of their third year, as the "Junior Eight"; thirty-two Seniors are elected...
...first and easiest source of additional revenue. Conservative Republicans favored an increased normal tax (now 1½, 3% and 5%), reduced exemptions (now $1,500 for single persons. $3,500 for married folk) and a general jumping of surtax rates. Senator Smoot favored an increase in the maximum surtax from 20% to 40%. "Progressive" Senators, probably holding the balance of power, clamored for stiffer surtax rates on incomes above $20,000 per year, opposed any move against small taxpayers. Also discussed were new levies on automobiles, radios, amusement admissions, estates, gifts. Only two items seemed sure of escaping tax upping...
...pool borrowers lines which were in receivership or already in default, or which would be unable to meet their interest payments even with a loan, or which earned less than 50% of their total revenue from freight.* The "best available collateral" would be required for these loans, running a maximum of four years. No borrowing road could pay a dividend until its pool loan was canceled. Arguing for pool loans rather than pool gifts the petition declared...
...America still have the largest supply of monetary gold of any country in the world. . . . We have recently lost $700,000,000 of this gold, but this amount is only about 14% of our September maximum holdings and merely puts us back to about the figure we had in January of this year...
Since in many cases the collection boxes did not reach the spectators, plans are on foot to alter the methods of announcing and making the collections in order to insure that the maximum sum may be received. These arrangements will be announced on the day before the Holy Cross game...