Word: ponts
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Engaged. Nicholas Ridgley du Pont, 22, brother of Franklin D. Roosevelt Jr.'s Ethel du Pont; to Genevieve Livingston Estes, 21, Jacksonville, Fla., debutante...
...sales of the best substitute for glass, in eyeglasses, binoculars, cameras and magnifying glasses, developed since Venetians invented spectacles in the 13th Century. Roehm & Haas Co. makes Plexigum, Plexiglas, Acryloid and Acrysol in Philadelphia; Imperial Chemical Industries, Ltd. sells Diakon and Perspex from its Manhattan office; Du Pont Viscaloid Co. makes Pontalite (TIME, Sept. 21, Dec. 28) and Lucite at Kearny...
...Pont aims to make homely Lucite articles like buttons, ornaments and windowpanes for airplanes...
Last week this old piece of political linen went out on the public line when large Pierre du Pont and small John Raskob trudged into Manhattan's Old Postoffice Building for hearings-Mr. du Pont's to come first-before the Board of Tax Appeals. Both readily admitted that their deal had been solely for tax purposes, but contended that the sales had been strictly bona fide, with each man repurchasing his stock at the market. It was up to the Government to prove that they had broken the law against an "agreement, plan or understanding to repurchase...
...civil proceeding the Board of Tax Appeals then ordered him to pay the evaded tax, amounting to $728,709.84. This week a U. S. Circuit Court of Appeals in Manhattan turned down Bankster Mitchell's appeal from that ruling. Big difference between the Mitchell and Du Pont-Raskob methods of establishing losses was that Bankster Mitchell sold his stock not to a friend but to his wife, who only promised to pay for it and, according to the Court last week, had "no way to meet the obligation...