Word: payments
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Dates: during 1950-1959
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Since they regarded the money as personal gifts, six of the eight paid no income taxes on the amounts. Those who paid: O'Donne.l and McGowan. Lawyer Mc-Gowan said this week that his payment was not to be regarded "as a legal opinion" that the others owed a tax on their gifts. The point is a ticklish one, since Stevenson first explained the payments as additional compensation for services to the state. If the money is for services, it is taxable; if it is a gift, it is not taxable...
After the primary, Hurley decided to cooperate with Chairman Robins, but the state chairman coolly asked him for a $100,000 donation to the party's campaign fund, with "no strings." Roaring that Robins was demanding a cash payment for the party organization's support, Hurley tried to get him fired. Now, though Hurley's campaign office and Republican state headquarters are in the same Albuquerque building, there is a solid wall between them. The fight inside the Republican Party tends to obscure Hurley's obvious assets...
...Stolkin. The price: $7,345,940. (The sale did not include Actress Russell, who is under contract to Hughes' tool company.) Even during his last hours as boss of RKO, Hughes remained in character: the signing took place around midnight; Hughes, in tennis shoes, temporarily misplaced the down payment check (about $2,000,000); he insisted on a last-minute conference with his lawyer in a clothes closet...
Finland's last "golden schooner" slid into Russian waters last week. Named for the bright brass and copper alloy used for its fittings, the schooner meant gold for Russia in another sense: it was the final payment of doughty Finland's $570 million reparations debt to Russia. Finland thus lived up to a reputation established as the only World War I debtor nation which punctually made its payments...
...minutes) to its bittersweet end were warned this week to get ready for a third round-and maybe a fourth or fifth: Wind Producer David O. Selznick announced that he has bought the stage, radio and TV rights to the book. Package price: a $3,500 down payment, plus generous royalty percentages. First up, said Selznick, will be a musical version called Scarlett O'Hara, which, in accordance with his contract with the estate of the late Author Margaret Mitchell, will be produced on Broadway within two years...