Word: mueller
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Dates: during 1940-1949
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...only the property, but the actual business as well. The Council found that 159 colleges and universities are buying commercial enterprises out of endowment funds or with the tax-exempt earnings of businesses they have taken over. Example: New York University takes all the profits from the C. F. Mueller Co. (macaroni, spaghetti & noodles), Ramsey Corp. (piston rings), the $3,300,000 American Limoges China Inc. and the $35 million Howes Leather Co. On their earnings the companies would be paying all told an estimated $1,500,000 a year in federal taxes, if they were still privately held...
Educational Noodles. In cases where companies lease their properties and still continue to operate as taxpaying private ventures, the Government has not interfered so far. But it has already ordered the Mueller Co. to pay up its income taxes. There is nothing in making noodles, the Government contends, that is "charitable, scientific, literary or educational" (the statutory requirement for tax exemption for colleges). A court test, brought by Mueller, has not been decided. If the Government wins the case, it will slap a bill for back taxes on all the company's profits since the sale, and presumably...
...Sarno reason to Tyler-ate speeding. We Bailey missed that Chapman. A Mueller horse should have Carey-d mo," quaked his assistant, Monahan-ds tremble, Murphy-t ache, Marriott pounds, and McCraney-um throbs--a Fitkin occur. It-Sar-della-brate plot--Bissell Kill...
...MUELLER...
...free U.S. colleges and universities make excellent heirs and business partners, as many a businessman has learned. Dozens of colleges own commercial real estate, apartment buildings and factories, some own ranches and farms. New York University gets the profits of the C. F. Mueller Co. (macaroni), while the University of Michigan operates the airport at Willow Run. Last week, the University of Louisville found itself hooked up with a race track...