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...past three years). This "will tend to reduce the spending power in the hands of share holders but it will tend to increase the reserves of companies from undistributed profits." Taking advantage of the period of grace before the law enacting new revenue measures becomes effective, British Ford Motor Co. declared a 7½% dividend, British Pressed Steel 27½%, British Ever Ready Co. (flashlights) 40%. (For a note on flashlights...

Author: /time Magazine | Title: Foreign News: Debts and Taxes | 5/6/1940 | See Source »

...insurance broker of Lloyds who took up motor racing as a hobby and became Britain's popular "Speed King" is ruddy and rambunctious Sir Malcolm Campbell. Last week high-speed Sir Malcolm's divorce suit against Lady Campbell set a new low in Mayfair muckraking...

Author: /time Magazine | Title: Foreign News: Affair of Honor | 5/6/1940 | See Source »

This blast echoed at the convention of United Motor Courts (Eastern Division) and the eastern branch of International Motor Court Association last week at Miami Beach.* The 350 convening tourist-camp owners agreed to free their industry from rookery-seeking Romeos. As for the rest of Detective Hoover's indictment, one U. M. C. official snorted: "So it is 'Hoover again.' A little more...

Author: /time Magazine | Title: HOTELS: Motels | 5/6/1940 | See Source »

Many tourist camps spring up around filling stations, are built by home labor. Of the "better variety" camp, the American Automobile Association recognizes only 9,600, approves of no more than 3,200 as "first-rate tourist stops." These Ritzes of the far-flung industry prefer the name motor court to tourist camp (auxiliary name: motel), cater only to bona fide tourists. Typical of them is Pines Camp Cottages and Trailer Court in the outskirts of Valdosta, Ga., on U. S. Highway No. 41, no miles north of Jacksonville. Started 15 years ago by a former carnival showman and amusement...

Author: /time Magazine | Title: HOTELS: Motels | 5/6/1940 | See Source »

...over the U. S., pay $1.50 to $3 for a cottage for two, $2.50 to $5 for a double cottage for four - in advance. Trailer fees are 50? for a plot and electricity. Meals at the restaurant, which features Southern fried chicken and pecan waffles, have a 75? top. Motor Courier Aldrich is proud of his big repeat business, says many a doctor, lawyer, U. S. Government worker makes reservations in advance. The solo traveling salesman gets short shrift at Pines Camp. Says Aldrich, "They kept sneaking women...

Author: /time Magazine | Title: HOTELS: Motels | 5/6/1940 | See Source »

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