Word: processor
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Dates: during 1930-1939
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...AAAmendments which permit processing tax recovery suits only when the processor can prove that he absorbed...
...Washington AAAttorney Seth Thomas declared sadly that he thought many a processor would be ruined if he instituted a suit and lost because the Government would then clap on tax penalties and bleed him severely. In western Kansas farmers did their part to discourage tax suits by declaring a boycott on a milling company. A group of Texans headed by Clifford Day, who led the farmers' march on Washington last May, went to Washington with expenses paid by AAA and returned home: 1) to stir up farmers to fight the Bankhead Act injunction; 2) to start a farm movement...
...colloquy was broken off when Senators Borah, Norris, George and others retired to work out a compromise. They returned to propose that recovery suits be allowed only when the processor could prove that he had not passed the tax on to consumers or back to farmers...
Purpose of the suits was plain. AAAmendments, already passed by the House, were scheduled to reach the Senate floor this week. On the theory that processors regularly pass the taxes along to consumers, the Amendments would outlaw all suits for tax refunds even if the Supreme Court should declare AAA unconstitutional. Thus taxes paid previous to the Amendments' passage are supposedly down the hatch to stay. Only recourse for the processor was to hold out on his taxes, let the Government go into court and try to force a collection...
...Brooklyn color processor who found his paper distorted by atmospheric humidity went to Buffalo Forge Co. to see what could be done. In the company's employ was Willis Carrier, just out of Cornell. Young Carrier was interested, began to experiment, found that warm wet air could be cooled and dried by passing it through an atomized spray. By 1915 he had recruited a partner and enough capital to start Carrier Engineering Corp. in Newark, N. J. In 1922 he invented a centrifugal refrigerating compressor which has been a potent factor in building Carrier prestige. He works hard...