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...that would make the plan unlawful should be suspended and the Constitution made responsive to the demands of its creation, the preservation of national welfare. . . . A kidnapping and racketeering statute, with appropriate means of enforcement, must and shall be the most popular statute on the books. A plan to wipe out these forms of fundamental crime is one of the chief objectives of Attorney General Homer Cummings...

Author: /time Magazine | Title: CRIME: A. B. A. & Federalization | 9/11/1933 | See Source »

Representative Marland, who lost a $65,000,000 fortune with his Marland Oil Co., was the first gubernatorial candidate to step into the 1934 Democratic primary. He promised voters to wipe out the $12,000,000 State deficit, up oil prices, make capital investments secure. By law Democratic Governor William Henry ("Alfalfa Bill") Murray is forbidden to seek reelection...

Author: /time Magazine | Title: National Affairs: Marland for Governor | 9/4/1933 | See Source »

...which the Board had added $2,600,000 in anticipation of a hypothetical decrease in tax revenues. Now Dean Judd charged outright that the Board had deliberately misstated the deficit in order to frighten the public into accepting its cuts. Even if it were trying to wipe out in one year the deficit accumulated since 1929, that, at 1932's end, had been less than $7,000,000. As for 1933's genuine deficit of $1,162,940, that had already been disposed of by postponing a fortnight the schools' autumn opening. Without curtailment of a single...

Author: /time Magazine | Title: Education: Defrilled Chicago | 7/31/1933 | See Source »

Then, with much excitement, the House pushed the back-door a little shut before passing the whole bill (323-to-76) and sending it to the Senate. Adopted was an amendment which would wipe out all capital loss carry-over from one year to the next. If in one year John P. Taxpayer has a total income of $20,000 and capital losses of $30,000. he would still pay no tax for that year. But his additional $10,000 loss would do him no good the next. If he were deliberately selling depreciated securities to establish a loss...

Author: /time Magazine | Title: TAXATION: Gains & Losses | 6/5/1933 | See Source »

...YANKS was one of his favorite headlines. He was passionately addicted to just one brand of champagne, Pommery Nature, 1906, and bought up almost the entire vintage. Before each of his roaring speeches, for which he was paid enormous fees, Horatio Bottomley would gulp half a bottle and wipe his mouth on his sleeve...

Author: /time Magazine | Title: GREAT BRITAIN: Death Of John Bull | 6/5/1933 | See Source »

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