Word: nettings
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Dates: during 1950-1959
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This week the answer came in the form of a letter from President Eisenhower to Defense Secretary Charles Wilson. Its net: John Adams was forbidden to testify about the top-level meeting...
...Rich. One big reason Murchison is able to swing such varied deals is the tax bonanza enjoyed by all oilmen. This is the depletion allowance which permits them to pocket 27½% of their gross income (up to 50% of their net) before paying a cent of taxes. Such old-time Texas millionaires as Jesse Jones, who owns dozens of Houston's choicest buildings, and Publisher Amon Carter, whose Fort Worth Star-Telegram is Texas' biggest paper (circ. 241,582), were able to amass their first riches in other fields. So was Dallas' Leo Corrigan...
...total of $31,688 (easily borrowed against his holdings). By now, his dividends would have amounted to more than $10,000, and his stock (including the offspring companies) would be worth close to $150,000. (Murchison himself sold out of Southern Union in 1950 with a $5,500,000 net profit...
This difference points out why the Democrats should not try to catch McCarthy and Eisenhower in the same net. For such an effort might dissuade the President from continuing his offensive against the Senator, or, at best, make his task harder. To play partisan politics at this time will confuse and hinder what is shaping up as a bipartisan drive to destroy this totalitarian thug, and restore party competition to the area of trust where it must be to survive in a democracy...
...right on climbing as more good earnings came out. Even the tobacco industry, whose sales had been slumping at year's end, reported higher sales and sharply higher earnings in the first quarter. P. Lorillard Co. sales rose from $51.9 million a year ago to $56.4 million, and net was up from $1,276,026 to $1,955,748. R. J. Reynolds increased net income from 69? a share a year ago to 90?. Showing its confidence in business in the months ahead, Chrysler Corp.'s board voted the usual $1.50 dividend despite nearly a 43% sales drop...