Word: repeal
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Dates: during 1950-1959
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...Chosen Instrument? Marshall thinks that Western Union needs more than mechanization to put it in the black for good. As a starter, he wants Congress to repeal the stiff 25% excise tax on telegrams. He also thinks that Western Union should have a monopoly on U.S. commercial record communications (i.e., written electronic messages such as telegrams, teletype, etc.). To this end, he is campaigning for Government permission to let Western Union purchase American Telephone & Telegraph Co.'s teletype lines, as well as the $46 million-a-year transoceanic cable business of American Cable & Radio Corp., RCA Communications...
...moaned around Harry Truman's platform. No plank in it had been more loudly and insistently proclaimed than his plank on civil rights. An FEPC bill had been on the Senate calendar since October 1949. Scott Lucas had scheduled FEPC second on the legislative program this year (first: repeal of the oleo tax). Instead, Harry Truman and his Senate leader had let one bill after another run ahead...
When Prohibition ended, Anheuser-Busch was ready: the day after Repeal, more than 3,500 barrels of beer rolled out of its St. Louis plant. Two months later, President August, long in poor health, shot himself...
Gussie Busch, who still refers to good beer as "the workingman's champagne," attributes much of Budweiser's success to its lengthy and more costly brewing process, in which it is fermented twice. Although the company has spent $64 million since Repeal to expand plants and boost production, Gussie Busch says it is still a race between the architect and the brew-master-and the brewmaster is in the lead...
...oleo repeal bill also produced a surprise. To make sure that margarine labeling and packaging is obeyed, Congress gave the Federal Trade Commission the power to fine a violator $5,000 for every day he disobeys an FTC order. Under the old law, which the FTC regarded as far too mild, one penalty was levied for each violation no matter how long it continued. Although the change was originally looked on as a weapon only against margarine makers, as finally passed the penalty could be used against all businessmen under FTC jurisdiction...