Word: vinson
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Capital's fear of the excess-profits tax now in the works (TIME, July 15) was thus partly assuaged. Also soothing was a second White House announcement: the Vinson-Trammell Act, which limits profits of ship and aircraft builders to 7 and 8% on Government contracts, would be repealed (Congress willing). Makers of war goods were thenceforth to be considered just as useful and profit-meriting people as any other manufacturers. For them, it was a forgotten but not a new sensation. In 1918 they were given special tax incentives; in the '20s they were shamed or starved...
This takes some time and Helen Vinson, whose oomph is less curvilinear and more serpentine than Ann Sheridan's, nearly spoils the happy synthesis. She also is so irresistibly attracted to Cinemactor Cagney that when her overseer husband (Jerome Cowan) remarks that Cagney looks half dead after being shot up in the jungle, Miss Vinson snaps unkindly: "That still leaves him 50% up on you." But Miss Vinson is too much the intellectual type. Ann Sheridan soon demonstrates that the way to Mr. Cagney's heart is to heave a plate of sandwiches at him so that...
Hardly had his appointment been announced when he declared: "We must have a treaty navy second to none. The United States must cease leading the disarmament movement by example." He pushed the Vinson Bill authorizing construction of 101 new ships at a cost of half a billion dollars; he upped the Navy's enlisted personnel to 100,000, authorized the creation of aerial landing facilities on Guam, Midway and Wake Islands, threatened to fortify all trans-Pacific naval bases if Japan won parity with the U. S. By the end of 1935 he could say: "I am pleased...
...reasons Cinemactress Helen Vinson gave last December for suing Fred Perry for divorce was his insisting that she sit through all his tennis matches. Last week, after Tennist Perry had been trounced three times in a row by Donald Budge on their first joint professional tour, Miss Vinson withdrew suit, rejoined her husband...
...expansion of twelve naval bases, ten in the Pacific, two in the Atlantic. The lot would cost only $51,500,000 (to be appropriated later), but the forward sweep of the national defense program was momentarily halted by one little phrase: "And Guam, $5,000,000." Chairman Carl Vinson of the Naval Affairs Committee was rudely surprised to find that this was a fighting phrase. Debate over it raged hot and angrily for three days. During the fight, the Congress and the country clarified some of their ideas on national defense...