Word: refundings
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Dates: during 1930-1939
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Wherever the seats drawn are at a price less than those applied for, a price less than those applied for, a refund check will be mailed to the applicant with the tickets...
...Largest refund: Carnegie Steel Co. (U. S. steel subsidiary), $25,847,259. Insurance companies collected some 35 millions from the Treasury as a result of a recent Supreme Court interpretation of income from tax-exempt securities held by such companies...
Because the Treasury does not publish the whys and wherefores of each refund, many a senator has made loud complaint against the secret system of refunds. In the past one of the loudest complainants has been Senator James Couzens of Michigan. This year's list carries a tax refund of $989,883 for him. No explanations were necessary because, as everyone knows, the U. S. had sued Senator Couzens for $10,000,000 as unpaid taxes on his profits from the sale of his Ford Motor Co. stock, had not only lost its case but had been ordered...