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...size and source of the personal wealth of Jersey City's Mayor Frank Hague, Democratic Boss of New Jersey, has long been one of the State's chief political mysteries. Suspicion that the size was large and the source illicit cut his normal 7-to-1 majority down to 3-to-2 when he was re-elected last year (TIME, May 27, 1929). Two Republican legislative committees had cited him for contempt when he refused all information on his financial affairs. Cleared of contempt by the courts, he sailed for Europe (TIME, Sept. 9, 1929), returned...
...political rather than fiscal importance was last week's tax news at the White House and the Treasury. Congress, at President Hoover's order, cut the normal income tax rate by 1% for 1929 to bolster business. Business did not respond to the cut. Federal receipts ran down hill. Last week Treasury officials compiled figures, frankly told Pressmen that they were quite helpless about a continuation of the 1% reduction for 1930 incomes. For the first 50 days of this fiscal year, U. S. revenue had fallen off $64,261,211 compared with last year, while expenditures...
...Mathis is the fourth largest seller in France. Durant will retail it at around $500, hence compete with the American Austin. Testimony to the popularity of torn-thumb cars was the report last week that American Austin Car Co. Inc., with normal capacity of 60,000 a year, had 184,000 unfilled orders on hand June...
...results of his experiment. The Elektrenkephalogramm, as Professor Berger called the galvanometer record, showed plainly that the brain produced electricity. Comparison of figures seemed to indicate that electric current decreases as mental activity increases. Dr. Berger distinguished two types of waves, alpha and beta. The alpha waves represented the normal electricity output of an organism when not highly stimulated. The current generated was .2 microvolt. Beta waves represented the brain's electricity production when the subject was stroked by the glass rod, told to figure out an arithmetic problem. The galvanometer at this time registered .1 microvolt...
...defeated candidate: Frederick Ingate Thompson, Mobile publisher. Judge Benjamin Meek Miller, anti-Klan, won the regular Democratic nomination for Governor. Senator Heflin, who plans to run as an independent Senatorial candidate in November, urged his friends to keep away from the polls last week. The State's normal Democratic primary vote of over 200,000 was reduced to less than 150,000. Heffled Senator Heflin when he read the returns: "You can just bet I'll feast on John Bankhead's bones next November...