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...historically-dubious idea that wars are started for profit has long obsessed a group of Senators including Washington's Homer Bone, North Dakota's Gerald P. ("Neutrality") Nye, Missouri's Bennett Clark, Michigan's Arthur Vandenberg. "To keep democracy alive, and for other purposes," these gentlemen and 46 cosigners last week outdid themselves by sponsoring a war-tax measure written by little, pinch-faced Senator Bone...

Author: /time Magazine | Title: TAXATION: Profiteers Beware | 4/3/1939 | See Source »

...Bone apparently failed to take into account that many States do not allow taxpayers to deduct Federal taxes in figuring their State income tax. Bone, Nye & Co. proposed such wartime tax rates that many top-bracket taxpayers would find their total taxes all but swallowing their net income (but not exceeding it, as newspapers reported last week). In New York, for example (which has a State tax graduated up to 7% plus a 1% emergency tax), a $500,000-a-year man in a war year would have to pay Federal and State income taxes totaling...

Author: /time Magazine | Title: TAXATION: Profiteers Beware | 4/3/1939 | See Source »

...University Pension system, another bone of contention between the two bargaining powers, was kept in full force despite the workers' previous demand that it be abolished at all costs. The issue was held up in earlier negotiations because it was felt that national legislation might outlaw Harvard's present insurance policy...

Author: NO WRITER ATTRIBUTED | Title: SIGNED CONTRACT AGREES ON TERMS FOR DINING HALLS | 3/30/1939 | See Source »

...huge, shaggy young Earl Durand, son of a respected rancher. From boyhood up, Earl talked about wanting to be a "true woodsman," a "Daniel Boone." He went to school through the eighth grade. Then, reaching a height of 6 ft. 2 in. and a bulk of 250 lb., all bone and brawn, he spent most of his time hunting and camping out in the Beartooth Mountains east of Yellowstone National Park...

Author: /time Magazine | Title: National Affairs: True Woodsman | 3/27/1939 | See Source »

Abolition of the compulsory insurance plan, which the union says is forced arbitrarily upon Harvard workers, is another bone of contention between employer and employees. Stefani stated that the labor group prefers U. S. Social Security to Harvard's benefit system...

Author: NO WRITER ATTRIBUTED | Title: UNIVERSITY MAY ACCEPT DEMANDS TO AVOID STRIKE | 3/9/1939 | See Source »

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