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...belief that exchanges for dealing in securities and commodities are necessary and of definite value to our commercial and agricultural life. Nevertheless, it should be our national policy to restrict, so jar as possible, the use of these exchanges for purely speculative operations. -Franklin D. Roosevelt in a message to Congress...

Author: /time Magazine | Title: Business: Commodities Controlled | 6/29/1936 | See Source »

...Eugenics: "Hitler has inspirited his people just as Mussolini de-Wopped the Wops. Breeding has been encouraged, the birth rate has risen, and they are improving the quality. Here in this country ignorance and prejudice prevent improvement and largely restrict births to the less...

Author: /time Magazine | Title: Education: Sprightly Schoolman | 5/25/1936 | See Source »

...complaint she has lodged in court against the owners of San Diego's 27-year-old U. S. Grant Hotel, once owned by her husband. Having lived in the hotel rent-free for years, penurious Mrs. Grant was recently ordered to pay $350 a month rent, restrict her use of hotel service to $25 a week. Grumbled she: "I cannot carry on the traditions of the Grant family on a mere $25 a week. ... As Mae West might say, 'They done me wrong.' " In the Manhattan apartment of 30-year-old Pulitzer Prize Dramatist (Men in White...

Author: /time Magazine | Title: People, May 11, 1936 | 5/11/1936 | See Source »

Economically the taxation of undistributed corporation profits appears to be sound, from the point of view of mitigating the severity of booms, and consequent depressions. The Times editorial's fear that the tax would stunt the growth of American industry and restrict the opportunities for new employment seems silly in view of the fact that the receivers of dividends would still have the opportunity to reinvest these profits through the ordinary channels of the investment market, the only difference being that this market, and not the views of the management of the corporations, should decide in what industries to invest...

Author: NO WRITER ATTRIBUTED | Title: THE NEW TAX BILL | 5/1/1936 | See Source »

...Reserve Board took great pains to confine its bank margin rules solely to speculative borrowing. If his bank will accommodate him, a man can still pledge his stocks for, say, 70% of their value to buy a farm or build a house. Said the Board: "The regulation does not restrict the right of a bank to extend credit, whether on securities or otherwise, for any commercial, agricultural or industrial purpose or for any other purpose except the purchasing or carrying of stocks registered on a national securities exchange...

Author: /time Magazine | Title: Business & Finance: Margins | 4/6/1936 | See Source »

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