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...days of 1917 along with wheatless days, government ownership, and Thritt Stamps Too small to be of genuine importance in the Treasury, yet large enough to be an annoyance to purchasers of everything massed in the category of luxuries by the wartime administrators, war taxes have been allowed to exist for a decade, mainly through the failure of Congress to remove an evil it knew was unnecessary. A start has at last been made, however, and one of the most obvious examples of illegitimate taxation is no longer. The small but even more annoying nuisance taxes on such "luxuries...

Author: NO WRITER ATTRIBUTED | Title: TRUSTS AND TAXES | 5/31/1928 | See Source »

When U. S. Secretary of the Navy Curtis Dwight Wilbur was confronted with the statement that ten "Red Cells" exist among U. S. tars and marines, he smugly said...

Author: /time Magazine | Title: INTERNATIONAL: Red Secrets | 5/28/1928 | See Source »

...Railways. Two projects exist for linking India to Europe by rails. The first would begin by completing the famed Berlin-to-Bagdad link (which already functions to a point some miles south of Aleppo) and then extend the line from Bagdad through Persia to India. A development of prime significance in this region, last week, was the signing at Teheran, Persia, of a $100,000,000 contract whereby an international group including Ulen & Co. and J. G. White Engineering Corp. of Manhattan have agreed to build a railroad from Bander Abbas on the Persian gulf to the Persian capital...

Author: /time Magazine | Title: AFGHANISTAN: Homage to Majesty | 5/14/1928 | See Source »

...Arthur J. Morris, lawyer of Norfolk, Va., founded the first "Morris Plan" bank there. It loaned money at 7% interest to honest employed persons. Borrowers repaid loans by monthly installments. Now there exist "Morris Plan" banks in 109 cities. They have injured the usury business...

Author: /time Magazine | Title: Business: Loans | 5/14/1928 | See Source »

...University of Texas, has played the X-ray on fruit flies making them produce strange, outlandish offspring. The pedigreed fruit flies (whose hereditary characteristics had been known for generations) suddenly brought forth anomalies with curiously colored eyes, unreasonable wings, radically bobbed hair antennae. New species came into existence, the special marks of the X-ray were transmitted down the generations. Biologist Muller tried the effect of other agents on the germ plasm. Treatment with lead, arsenic, poisons which were known to change cells had no effect. X-rays and cosmic rays are the only forces in nature that can shake...

Author: /time Magazine | Title: Science: At Washington | 5/7/1928 | See Source »

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