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Surtaxes which begin at 4% on net income (after personal exemptions) of more than $4,000 and grade up to 59% on incomes over $1,000,000. (Old law: surtaxes began at 1% on net income exceeding $6,000 and graded up to 55% on incomes over $1,000,000.) Effect of these changes is to boost taxes on income from dividends which are exempt from the normal tax but not from surtaxes. The surtax brackets are arranged to scale up more steeply so that men with incomes between $25,000 and $1,000,000 will pay more. Increased revenue...
...Goucher is also distinguished. His paternal family is of old French stock. His great-grandfather and two great-grand uncles were the founders of Goucher College for Women in Baltimore. He was the 14th in a family of 17 children; his schooling had extended only up to the third grade; he had been a cabin boy and a music hall singer; his wife was an actress whom he married when she was 14; and he owned a sausage factory in California. Ordinarily such a candidate ought to be sausage meat for Mr. Gerry. But this opponent could not be ignored...
Pennsylvania's team is built around Captain Don Kellett, the outstanding short stop in the League, and Johnny Powell his veteran partner at second. In the pitcher's box Hal Sked and Andy Barton will share honors, with both men capable of turning in a Grade A performance. For Harvard, Fred Mitchell will stick to the winning lineup that took Princeton and Cornell. Ben Prouty in center field and Phil Hines at second have given the Varsity an extra punch it didn't have before they were sent into the second battle with the Ithacans, and Mitch isn't going...
Frank Owen, captain of the Freshman baseball team, is a Grade A ball player, but as a track coach he would be a dead failure. In the game with Andover last Saturday the captain of the schoolboys asked for a courtesy runner. Frank surveyed the occupants of the Andover dugout in an attempt to decide which of the subs would be easiest to catch off bases. Right in the middle of the bench sat a youth weighing upwards of 200 pounds. "Easy out," Frank decided. When the stout one was safely located on first, the Andover captain remarked...
...Coast, and Coach Farrell will keep his eyes on his charges in the hope that some of them will come through with worthy performances. Jack and Dick Hayes are possible qualifiers in the hurdles, and Captain jack Morse wouldn't have to put on much pressure to make the grade in the 400. Eddie Calvin is another Harvard runner who has shown in the past two years that he is capable of turning in fast times in the dashes and might very well find a place for himself in the caravan to the Coast...