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...this proposal would confiscate the return on the actual investment of many a stockholder who had bought securities on the basis of their capitalized earning power, it would also sabotage badly needed industrial efficiency by leveling efficient and inefficient companies all down toward one level of profits. Moon-faced Colin F. Stam, chief of staff of the Joint Committee on Internal Revenue Taxation, stood out for the present type of tax which allows corporations to choose whether they will base their tax exemptions on capital investment or on average earnings over a four-year period...

Author: /time Magazine | Title: TAXATION: Splash! | 6/30/1941 | See Source »

...Machine parts made of powdered metals. Says Electrochemist Colin Garfield Fink of Columbia University: "The basic idea is simple. Fill any mold with a metal powder. Apply pressure, and increase the temperature to a certain point. ... A hard metal object is promptly produced." Advantages: speed, economy and the opportunity to make parts of a single object out of different metals, molded together...

Author: /time Magazine | Title: Science: Technology Notes | 6/2/1941 | See Source »

Wise old (77) Representative Robert L. Doughton of Laurel Springs, N.C. had displayed his usual foresight. Ready was the Congressional tax expert, round-faced Colin F. Stam, with a much less direct approach to the voters' wallets. Mr. Stam brought in a list which tapped the middle-incomers much more lightly by income taxes but clipped everyone much more thoroughly via indirect or nuisance taxes (see Table, p. 22). True, Mr. Stam's income taxes do not pretend to bring the U.S. in as much new revenue as the Treasury's ($1.1 billion against $1.5 billion...

Author: /time Magazine | Title: FISCAL: The Hard Way | 5/5/1941 | See Source »

Producer Cornell has gathered a cast of veterans who act like it-Raymond Massey (Sir Colenso), Bramwell Fletcher (the painter), Clarence Derwent, Whitford Kane, Ralph Forbes, Colin Keith-Johnston. Cecil Humphreys is sidesplitting as the pompous Sir Ralph Bloomfield Bonington, who explains that he finds it necessary to live in the style to which his rich patients are accustomed...

Author: /time Magazine | Title: The Theatre: Revival in Manhattan | 3/24/1941 | See Source »

DIAGNOSIS: MURDER - Rufus King Crime Club ($2). Seven stories (one long) presenting Dr. Colin Starr, snappy young medico-criminologist. Starting from a gazebo hanging over Laurel Falls, Dr. Starr cleverly psychs his way about Ohio to the benefit of society at large...

Author: /time Magazine | Title: Books: January Crime | 2/3/1941 | See Source »

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