Word: nevadas
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Dates: during 1940-1949
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Gloria Vanderbilt di Cicco almost ran down her newest romance (according to the gossip columnists) when Maestro Leopold Stokowski stepped off a train at Truckee, Calif, into a Sierra Nevada snowstorm to help wait out her Reno divorce (due April 20). Meeting him in a secondhand Cadillac which she had just learned to drive, Gloria released the clutch as he crossed in front of the car. Only a cadenza-like leap saved him. Unruffled, the heiress drove him to her Lake Tahoe cabin while Manhattan friends & relatives dispatched frantic wires warning her not to marry the sixtyish conductor. Working...
...Unlike Nevada's mines, which have paid a "bullion tax" on net proceeds since 1864, gambling has never been taxed (except for a license). But this spring legislators wrote a bill calling for a 10% income tax on gambling's gross profits. The proposal stirred up as much argument as a counterfeit bill at a faro table...
Even when the tax was reduced to 1%, the uproar went on. Many a businessman joined, fearing the law might prove a wedge for special taxes on other businesses. But the legislature passed the bill. Nevada's Governor E. P. Carville hemmed, hawed, called for public hearing, finally decided not to touch the red hot document. Last week, after the lapse of the period allowed for veto, it became law without his signature...
...Nevada's citizens, whatever their convictions, will not soon lose interest in the new law. After years of fascinated guessing, they will now learn how much they and Nevada's money-jangling visitors contribute to Nevada's gambling...
...Having made these points, Juan Trippe then gave the nod to a Senate bill, introduced by Nevada's Pat McCarran, which would establish the "chosen instrument," or federally regulated "community company." Such a bill would also mean the end of Pan Am as an operating agency. But Pan Am's equipment and know-how would form the nucleus of any postwar U.S. combine-at least at the outset...