Word: motorized
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Dates: during 1950-1959
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...Raised, after months of dead-against opposition, the federal excise tax on motor fuels by 1? (Ike asked for 1½?) to finance the fund-short, 41,000-mile highway program. Result: the gas tax goes to 4? Oct 1. ¶Rejected again the Administration demand for abolition of interest-rate limits on Government bonds, thus left Treasury unable to manage the $290 billion public debt effectively in today's high, changing money market (see BUSINESS). In a minor concession, a House-Senate conference boosted the 3.26% ceiling on popular E and H savings bonds to 4.25%, thus permitting...
Despite a they-shall-not-pass stand by Rayburn. the House last week agreed to finance the highway program by adding 1? per gallon (Ike asked 1½?) to the federal motor-fuel excise...
...Many people who are purchasing small imported cars will prefer first-class American transportation to the second-class transportation offered them by small foreign imports." So said Ford Motor Co. Chairman Ernest R. Breech last week, as Ford became the first of the U.S. Big Three to hold a press showing on closed-circuit television of its new 1960 compact car to newsmen gathered in 21 cities...
Baby Cars. A new line of ultra small cars will be introduced by British Motor Corp. in the U.S. within six months to a year. Engines will be mounted crosswise to save space, and the cars will have front-wheel drive, no rear axle. Dubbed the Austin Seven and the Morris Mini-Minor, they will have 36-h.p., four-cylinder engines (top speed: 70 m.p.h.), run 45 miles on a gallon of gas. U.S. price: about...
...Electric Floor Washer. A lightweight electric floor washer that wet-scrubs floors and vacuum-dries them will be put on sale next month by the Hoover Co., North Canton, Ohio. Its motor creates a suction to pick up dirty water after the floor is scrubbed by nylon brushes. Price...