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...Appeals Board. Several witnesses praised the Board of Tax Appeals in high terms, for its fairness, for its efficiency. There was discussion of increasing its powers and of means to expedite its work. Taxes of $134,000,000 have come before it for settlement and it has disposed of $60,000,000 of that amount. Gradually it is building up a body of precedent which should simplify future work. But the members of the Board complained that they are hampered by lack of funds. The Budget Bureau has cut $54,000 from their request for a deficiency appropriation for this...

Author: /time Magazine | Title: TAXATION: Hearings | 11/9/1925 | See Source »

...state in your letter that you have reason to believe that Secretary Mellon and M. Caillaux could have reached a settlement had it not been that they feared the disapproval of the legislative bodies of their respective countries. It is evident, Mr. Piez, that you do not know Mr. Mellon. I venture to say that Mr. Mellon would never be embarrassed in doing what he thought was the wise thing simply because somebody else might disapprove it. If he thought he was doing the right thing and the wise thing, he would do it and let responsibility for rejecting...

Author: /time Magazine | Title: POLITICAL NOTES: A Letter from Borah | 11/9/1925 | See Source »

...power, and attempted to work many miracles which have failed. His internal 4% gold loan which was to have absorbed the great weight of defense bonds and brought relief to the Treasury has not achieved adequate flotation. The Moroccan War and M. Caillaux's uncertain U. S. debt settlement have further contributed to send the franc tumbling down to 22 to the dollar, and have caused Caillaux himself to admit that the Bank of France can see its way clear to facing its present obligations without inflation, for only a few weeks longer...

Author: /time Magazine | Title: FRANCE: New Formula | 10/26/1925 | See Source »

Divorced. Rose Pastor Stokes, onetime cigarmaker, settlement worker, Communist agitator, and "Russian-Jewish Poetess" by millionaire, onetime-Socialist, philanthropist, James Graham Phelps Stokes...

Author: /time Magazine | Title: Milestones: Oct. 26, 1925 | 10/26/1925 | See Source »

...mere effort to gain time . . . . Parliament problems which can be put off, and if a five year limit is set on the debt question you can be sure Parliament will take four years and three-quarters to do anything about it. . . . Great dangers lie in deferring the debt settlement...

Author: /time Magazine | Title: FRANCE: Caillaux's Return | 10/19/1925 | See Source »

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