Word: morgenthau
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Dates: during 1930-1939
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...Congress and the public President Roosevelt last week gave the evidence which had caused him to release a blast at wealthy tax-dodgers (TIME, June 7). It was in the form of a 3,000 word letter from Secretary Morgenthau and amounted to a short course in the art of tax-dodging as perfected by high-priced lawyers...
Bill of Particulars. Mr. Morgenthau listed eight kinds of tax-dodging, all of which he classed as "moral fraud": 1) setting up personal holding companies in the Bahamas, Panama, Newfoundland and other places from which tax money cannot be extradited; 2) buying one-payment life insurance (from a Bahama company), borrowing back the "payment" and claiming tax deductions for interest paid on the loan;* 3) establishing personal holding companies in the U. S., which in spite of special taxes still pays those who are rich enough; 4) incorporating yachts, town houses, country estates, racing stables so that their operating losses...
Feature of the evening was a Virginia Reel danced by a party in costume including Newshawks Raymond Clapper, J. Fred Essary, Ulric Bell, Ernest Lindley, Secretary Morgenthau, James Roosevelt and their wives, not to mention Gracie Hall Roosevelt and his sister, Anna Eleanor Roosevelt Roosevelt. The President from his armchair called the changes: "Do-see-do! Down the middle and back again! . . . Swing your partner around to the right." Fledgling newshawks clapped in time to Turkey in the Straw, Dixie and Yankee Doodle. Soon a half-dozen reels, more energetic than polished, were in progress in different parts...
...gift of Gloveman Littauer, who once sat in Congress (1897-1907), Chemist Conant appointed a steering committee headed by Princeton's public-spirited President Harold Willis Dodds to engage in a preliminary survey. Since March the committee has been conferring privately with Government bigwigs, including Secretaries Wallace and Morgenthau. These and similar "exploratory sessions" will be all the gradually assembling faculty of the Littauer School will conduct until it is opened to students in the fall of 1938. By that time it will have moved its headquarters from old Hunt art museum to a new building, for which Founder...
...Franklin Roosevelt thought the New Deal had reached its fiscal rope's end, he did not show it. He buckled doggedly down to work with pencil, paper, Secretary Morgenthau, Budget Director Bell, Deputy Relief Administrator Aubrey Williams. This week he sent a special message to Congress asking for $1,500,000,000 to carry next year's relief burden, and acknowledging that his midwinter estimates of fiscal position would no longer hold up because income taxes and other revenue had fallen $604,000,000 under expectations. He now foresaw a deficit on June...