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Bound morally if not legally to ponder the new Federal tax on undistributed earnings are the directors of all profitable U. S. corporations except banks and insurance companies. Before the year end they must decide on how much of this year's profit they will pass on to stockholders to avoid the levy, running as high as 27% on earnings retained in the business. Last week in Chicago the directors of Sears, Roebuck & Co. made their decision. After marking the company's 50th anniversary by voting a special $1,500,000 "Jubilee" wage bonus, the Sears board declared...

Author: /time Magazine | Title: Business & Finance: Cash & Comeback | 11/9/1936 | See Source »

Last week, Britain's sensation-reading public had something else to ponder besides Skipper Orsborne's memories artfully ghost-written in third-rate Kiplingese. Up in Bow Street Court stood Skipper "Dod" and his Brother Jim Orsborne to hear themselves indicted for stealing the Girl Pat. Trial begins next month in Old Bailey, promises to provide some Grade A nautical sensations. As the two accused sailors stepped out of the iron-grilled prisoners' dock, their lawyer, Christmas Humphreys, hinted: "Very serious allegations will have to be made against certain witnesses for the prosecution...

Author: /time Magazine | Title: Transport: Girl Pat | 9/28/1936 | See Source »

...night last week the small ballroom of Manhattan's Hotel Pennsylvania oozed cigar smoke at every crack. Cigar makers, wholesalers and dealers were gathered to ponder the plight of the U. S. cigar. As they all well knew, production had fallen from the all-time high of 8,304,000,000 cigars in 1920 to 4,344,700,000 in 1933. Even with the recent rise of the 5? cigar, production last year was only 4,763,900,000. The cigar men had gathered to hear Joseph Kolodny, onetime chairman of the NRA code authority for the wholesale tobacco...

Author: /time Magazine | Title: Business: Slow Smoke | 5/18/1936 | See Source »

...many a day will legalites ponder the chief points in Mr. Justice Roberts' opinion, for on them depends the constitutionality of many another New Deal...

Author: /time Magazine | Title: JUDICIARY: AAAbolition | 1/13/1936 | See Source »

Summoned for a special meeting in Philadelphia one day last week were the rich and conservative directors of United Gas Improvement Co., oldest public utility holding company in the U. S. (1882). They assembled to ponder a question which worried every other director, in every other utility holding company in the land: to register or not to register with the Securities & Exchange Commission under the Public Utility...

Author: /time Magazine | Title: Business & Finance: Resignation to Revolt | 12/2/1935 | See Source »

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