Word: netted
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...Commissioner of Internal Revenue, Treasury Department, Washington, D. C. on March 2, 1938 a ruling that the League is exempt from Federal Income Tax under Section 101 (6) of the 1936 Revenue Act, and that contributions to the League are deductible by individual donors in arriving at their taxable net income. This exemption ruling continues in force. At least two of the leading tax service publications noted the ruling in 1938, but evidently it was not observed in the 1939 revision of Simon & Schuster's manual, Your Income Tax, which you reviewed in your recent issue of TIME...
...more than 10% weigh more than 200 Ib. net...
...visited Akron. His invention arrived there in 1869, eleven years after his death. That year, Dr. Benjamin Franklin Goodrich founded the city's first rubber company, choosing the town because the Ohio & Erie Canal afforded cheap transportation. Goodrich celebrated its 70th birthday last week by announcing a 1938 net of $2,240,119 after a 1937 loss of $878,580. Surpassing it in size are three younger competitors-Firestone Tire & Rubber, U. S. Rubber, Goodyear Tire & Rubber. Goodyear, now the industry's biggest (with 1938 profit of $6,012,423 on net sales...
...Fred Burr, of the Eli first defense, goalie Harry Holt, and Captain Gil Humphrey, Burr, a Junior, is rated the fastest player on the Eli sextet, and Humphrey, along with his line-mate Dud Humphrey, is leading the team in scoring. Holt, who is considered by many the best net-minder in the League, turned in a beautiful game against the Crimson in the Yale nets last year...
Thereupon Banker Giannini himself took a bold propagandistic step. To squelch SEC charges that he took more money from his empire than he admitted, A. P. (who has lately been closeted with cunning Pressagent Edward L. Bernays) released a complete statement of his net worth, including cash, securities, salary, insurance. Instead of the millions most people would have guessed, it totaled only...