Word: maximum
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Dates: during 1930-1939
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...much as 50% the fees paid the trustee, attorneys and advisers in the reorganization of Utilities Power & Light Corp., now in Federal court in Chicago. The Public Utility Holding Company Act of 1935 gave SEC, instead of the Federal courts, the power to set maximum fees in reorganization. Last week was the first time SEC exercised this power. The ruling, which almost certainly will be regarded as a precedent, followed the trend for making reorganizations as inexpensive as possible...
...reports a net income of $1,000,000, of which $200,000 was distributed in dividends. Under the 1936 law Corporation B would have paid a normal tax of $148,840. Because it retained more than 60% of its earnings, it would also have paid up to the maximum rate of 27% on its undistributed profits, another $120,487.80. Total: $269,327.80. Under the 1938 bill, corporations earning more than $25,000 will pay a flat tax of 19% minus 2½% of the amount it distributed in dividends. If Corporation B retains the same share of its profits...
...Maximum salary of elementary school teacher: $3,830; high-school teacher: $4,500; high-school principal: $10,000; superintendent of schools...
...spite of falling prices. Since he has assumed the whip, President Roosevelt has continually tried to force wages higher as a prosperity measure. Now, in immediate prospect is an increase to a flat nation-wide minimum of 40 cents an hour together with a 40 hour per week maximum. These measures have arisen out of a native confidence in under-consumption theories of depression. Two administrations have assumed that the path of roses to prosperity lies in boosting wage incomes so that laborers buy more...
...public convenience, interest or necessity." Thus was established the principle that private ownership and operation of a radio station is a Government granted privilege and the FRC (from which in 1934 the Federal Communications Commission inherited its powers) became the dispenser of the privilege. The law now allows maximum three year licenses. The Commission makes them subject to a renewal petition by the broadcaster every six months. Last year, with Republican Senator White of Maine and others baying that a sharp political odor was arising from the FCC, President Roosevelt-to whom radio means a lot-sent over his acute...