Word: morgenthau
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Dates: during 1930-1939
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...bald-browed beagle baying on the trail of income tax evaders was Henry Morgenthau Jr. last week. The Acting Secretary of the Treasury announced that henceforth all important cases brought before the Board of Tax Appeals would be inspected by him personally. From now on, he continued, the Treasury would go to law to recover tax deficiencies instead of accepting compromises out of court...
...later Acting Secretary Morgenthau appeared before the House Ways & Means Committee, which since last summer has been casting about for ways & means of constructing a non-leaking income tax law. The fat document which Mr. Morgenthau. adjusting his pince-nez, rose to read the committee had been prepared for him by his tax man, Professor Roswell Magill of Columbia. Mr. Morgenthau's professor generally approved the first draft of the committee's tax plan (TIME, Dec. 18). But he had some ideas of his own. Most popular was reduction of levies on earned income. Most novel proposal...
...Comptroller General John Raymond McCarl came an "emergency relief" bill for $1,406,48 for a pastel tinted shower and air conditioner which Acting Secretary of the Treasury Henry Morgenthau Jr. had installed in his office last summer when he was Farm Credit Administrator. Comptroller McCarl refused to pay for such "relief...
Last week Messrs. Morgenthau, Bailie and Jones varied their daily routine, tried in vain to discover where the leak might be. Whether or not their dismay at the undiscovered leak was responsible, they kept the RFC gold price at $34.01 for nine successive business days, longer than the price has stayed unchanged at any time since it was first announced. On the theory that the price could not be discovered by wire tapping no Secret Service men were called upon. Earle Bailie was given the job of playing amateur detective...
...Government bonds, the Administration last week was very careful in taking its stance for its Dec. 15 financing. What it wanted was not just $950,000,000 in new money, but, more important, a vote of confidence in the Government's credit. Acting Secretary of the Treasury Morgenthau turned to his new Wall Street-trained assistant Earle Bailie and they adopted a simple device. Wall Street expected the Government to offer one year Treasury Certificates bearing 2% interest. Instead the Treasury made the rate 2¼%. Result: the subscription books were able to close on the evening...