Word: taxed
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Dates: during 1930-1939
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...State of New Jersey the railroad owed $11,651,000 of taxes unpaid since 1932. That was 40% of its tax bill for that period. It had paid the rest. Month ago the State threatened to go to court to collect its bill for 1932-1933 ($7,230,000 of taxes, penalties & interest). With only $2,360,000 cash on hand to meet the tax bill, Jersey Central escaped to the courts...
...years New Jersey has systematically milked the nine major roads* that serve it. Ignoring the earnings of the roads, the State has assessed them a straight 100% on the assumed "real value of their property" (instead of the 30% to 60% base for other real estate). In 1937 the tax assessed was $9,902 per mile of line. It gave New Jersey the U. S. rail-taxing championship: nearly seven times as high as the U. S. average, 2½ times that of the next highest State (Rhode Island). It amounted for Jersey Central to the equivalent...
Pointing a long finger, Senate President Robert C. Hendrickson shoved it directly under the falcon nose of Jersey City's Mayor Frank Hague, charged that he alone was responsible for Jersey Central's bankruptcy. Reason: Boss Hague blocked the railroad tax compromise. Hague excuse: The bill was an attempted "tax steal." Roared he: "They are walking out with $35,000,000, and they are going to crucify Hague because he tells them they can't take that. . . . Mr. Railroads, just as long as the small taxpayers must submit, you'll submit. . . . Hague and Hagueism will haunt...
...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...
...British Lancet last week, "for every morning every window is filled with bedding hung out to air in the sunshine. The scene is cheerful, but the householders are depressed; for the habit of bedwetting, in guests who are likely to stay a long time, is a serious tax on hospitality. . . . Somewhat unexpectedly, eneuresis has proved to be one of the major menaces to the comfortable disposition of evacuated urban children . . . and at a time of widespread domestic crisis we make no apology for offering a few dogmatic opinions and recalling some of the traditional remedies...