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...Brotherhood, last week customers' men were prone to talk less loudly. In many offices there is a rule that to discuss the condition of a house or bank with anyone is an offense which may result in dismissal. Yet few clerks or bank presidents are able to contain themselves when they hear rumors of inbound catastrophe...
...tariff schedule on U.S. periodicals will go into effect (TIME,June 15, et seq.). The duty on magazines with more than 20% advertising would be 2? a copy; on magazines with 30% advertising, 5? a copy. Unsold copies are included. Exempt would be educational, scientific, religious journals if they contain less than 20% advertising. Last week two periodicals took steps. They were Bernarr Macfadden's Love Story and Western Story. They made arrangements to have their Canadian editions printed in Toronto, thus avoiding the tariff. No big U.S. publications were expected to follow suit. If & when the tariff...
...Charles E. Arnott, who became president of Vacuum only last year, and who steps into the presidency of the new company. He has been an oilman since 1896, with Vacuum since 1903. He lives in Short Hills, N. J. Trenchantly he describes Socony-Vacuum: "Not only will it contain every element of the production, refining and distribution of a complete line of petroleum products, but, as if arranged by nature, the field of action of the two companies is surprisingly complementary." Oldest of the top executives is the new chairman of the Executive Committee, grizzle-bearded Charles F. Meyer...
...second issue, published this week, the burlesque advertisements are continued. But Editor Anthony reports that, to his astonishment, advertisers have approached Publisher George T. Delacorte Jr. with offers to pay Ballyhoo for satirizing their copy. The third number of the magazine, scheduled to appear Sept. 1, may contain four or five pages of such advertisements...
...newsdealers (TIME, June 15), was made even more stringent last week by Premier Richard Bedford Bennett. The original plan, to be effective Sept. 1, imposed a duty of 15? per Ib. on all periodicals other than educational, scientific or religious. The new schedule admits the exempt classification if they contain 20% or less of advertising. Magazines with more than 20% advertising must pay 2? tax per copy; over 30%, 5? per copy. Nearly all magazines entering Canada from the U. S. carry more than 30% advertising...