Word: resoldering
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Dates: during 1950-1959
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Laws were passed limiting rents, which had ranged as high as 70% of the year's crop, to 37.5%. The government broke up and sold off the big landholdings inherited from the Japanese; it bought land from the landlords and resold it to tenants on easy terms. In four years of Chiang's rule, tenancy has been reduced from 40% to 20%, and thousands of Formosans built "37.5% houses" and took "37.5% brides...
...with a series of articles in their tabloid, the Los Angeles Mirror-denouncing Bonelli and his "saloon empire." Big Bill's board, charged the Mirror, displayed incredible laxity in freely handing out liquor licenses to racketeers and political cronies for only $525 each, and allowing them to be resold at the going rate of $6,500. Bonelli retaliated with a 15-page demand for retraction, hinted darkly that the Chandlers had tried to get his board to rule favorably on tax matters affecting them. At the same time, the Board of Equalization rejected the Chandlers' appeal of assessments...
...Capital assets which produce revenue, such as Federal National Mortgage Association mortgages and small-business loans, and assets intended to be resold, such as stockpile materials and agricultural surpluses, should not be listed as current expenses. Estimated saving: $2 billion...
...Mont.) Packaged with a code number printed on each piece of paper, the confetti is mixed with the farmer's wheat, and the code number recorded by elevator men when the wheat is traded. If the wheat is stolen, the code number makes it easy to identify when resold...
...plenty of Government contracts. Later, he got two RFC loans, one for $4,700,000, another for $1,650,000 with the help of Washington Lawyer Joseph Rosenbaum. Later, Senator Capehart charged that Central Iron & Steel had sold scarce steel to a pocket corporation which had in turn resold it in Chicago's grey market for $75,000 profit. Said he: "[The sale] was simply a payoff, and somebody made $75,000 for doing nothing." Control of the corporation was held in option by Lawyer Rosenbaum, who denied the charges, and by ex-RFC Employee E. Merl Young...