Word: states
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Dates: during 1930-1939
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Like the other eight New Jersey roads, however, Jersey Central has failed each time it went to court for relief from the State taxes. Altogether the nine railroads owe New Jersey approximately $50,000,000 in back taxes and penalties. Several months ago the State Senate passed a bill compromising that sum for $14,250,000. It never got through the Assembly. Last week the reason was known: like C. I. O., the railroads were the victims of the despot of Jersey City...
...words had scarcely left the Democratic Boss's mouth before the Federal District Court came, for the first time, to the railroads' aid. Ruling that the State could collect no more than 60% of the nine roads' taxes for 1934-35-36, the court ordered a sweeping revision of New Jersey's assessment methods. Until all of the roads' properties were revalued, said the court, the 60% payment rule would hold. Too late to save bankrupt Jersey Central, the order was not too late to apply to the nine roads' 1939 tax bill...
...almost seven years Franklin Delano Roosevelt has been pretty much his own Secretary of the Navy. Last week Columnist Raymond Clapper chided him for being his own Secretary of State. And last week the President himself stepped out in front as his own Secretary of something like Military Economics. At press conference he laid down a new theory: the U. S. ought to have a Pacific coast steel industry. His arguments...
...business sold 58,000,000 tons for $345,000,000-a record. Six years later only 60% of its business was left and the electric refrigerator had doubled its sales. Then, in 1935, paunchy Robert Carl Suhr, president of 24-State, $44,000,000 City Ice & Fuel Co., was less scared than most icemen. He had jumped the rest of the industry five years, had brought his company out of the drippy-wagon, pickerel-pond stage, had $25,710,324 sales and $2,972,997 net income. By the end of 1935, other icemen put Suhr at the head...
Tickled pink were Flemingtonians. Not only was their personal property rate for State and county lowered but their town tax almost disappeared-shrank from $1.15 to 10?. Santa Claus had come to town out of season. The good word got around. Great Western Sugar Co. (assets: $82,402,000) heard it, blinked at the 67? tax rate, pulled up stakes in Plainfield. Into Judge Large's office, a block from the courthouse, went Great Western's new safe and papers-and the place got crowded...