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...income tax law passed last June. As passed its schedule ranged from 1% to 15% which meant that any citizen with an income of $1,000,000 a year would have to pay the State $140,575. The law also presumed that six months residence within the State was tantamount to citizenship. By last week it was time for anyone who contemplated howling about this levy to get it off his chest. One who did so was Publisher William Randolph Hearst, whose California properties include a 50,000-acre estate at Wyntoon, a 270,000-acre estate at San Simeon...

Author: /time Magazine | Title: TAXATION: Good-by to California | 11/4/1935 | See Source »

...speech by His Majesty's Principal Secretary of State for Foreign Affairs caused a responsible correspondent at Addis Ababa to cable: "The Ethiopians feel that Sir Samuel Hoare's rejection of the idea of military sanctions was tantamount to a license to Premier Benito Mussolini of Italy to go ahead with the war without effective interference from the rest of the world...

Author: /time Magazine | Title: GREAT BRITAIN: The Election | 11/4/1935 | See Source »

...Great historical importance," the London Daily Mail told its readers, "attaches to the President's warning [to U. S. citizens that they sail on Italian or Ethiopian ships at their own risk] which is tantamount to a definite abandonment of the policy which led the United States into two wars -in 1812 and 1917-the policy of insistence on freedom of the seas and the right of neutrals to trade with belligerents...

Author: /time Magazine | Title: u. s.: Freedom of the Seas? | 10/21/1935 | See Source »

...when it refused to free their client, last winter, they were now asking California's highest bench, through a referee, for a writ of habeas corpus on the ground that Mooney was convicted on perjured testimony with the knowledge of the prosecution. Granting of such a writ would be tantamount to acquittal...

Author: /time Magazine | Title: CRIME: Where it Happened | 9/30/1935 | See Source »

...every British banker knows, the Old Lady's opinions are tantamount to commands. Indeed, the bank has been known to suggest the names of brokers who would be delighted to handle an issue on the terms prescribed. But no sooner had the City had its chuckle over Messrs. Mullens & Co.'s studied statement, than the treasurer of the City of Glasgow let the cat out of the Old Lady's bag. He published a juicy account of his unavailing efforts to obtain the Bank of England's approval of a big Glasgow refunding issue...

Author: /time Magazine | Title: Business: Old Lady's Cat | 7/1/1935 | See Source »

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