Word: transferable
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...Jersey (TIME, Sept. 25). If Mr. Whitney was not bluffing it was plain that the tax schemes cooked up by bumbling Mayor O'Brien and his adviser, Samuel Untermyer, threatened Manhattan with a major economic calamity. To escape the Mayor's new 4?-a-share stock transfer tax and 5% levy on brokers' gross income, not only the Stock Exchange but the Curb and Produce Exchanges, the over-the-counter dealers and all appendages of Manhattan's vast securities business were ready to join the Jersey hegira. For Mayor O'Brien had inadvertently brought home...
Biggest explosion against the new taxes came from Mr. Whitney and the stockbrokers. Pointing out that in addition to a Federal tax of 4? a share on stock transfers, New York State has also a stock transfer tax of 4?, he prophesied that the city's additional tax of 4? would drive security traders to do their business in other markets. Pointing out further that except for July and August 1932, and for May, June and July 1933 brokers have had three incredibly lean years, he declared that the tax on brokers would put many a brokerage firm...
Secretary Hull's mollification was made easier for the President by the temporary-transfer, three days prior, of Dr. Moley from the State Department to the Justice Department. Internationalist Hull and Nationalist Moley have made poor bedfellows at the State Department. President Roosevelt turned his chief Brain Truster over to Attorney General Cummings for a month to conduct a survey of crime in general, kidnapping and racketeering in particular. Dr. Moley's new assignment was entirely logical inasmuch as he had made his principal pre-election reputation as a crime researcher in Ohio, New York, Pennsylvania, Illinois, Missouri...
Until last week the standing joke about the B. I. S. (Bank for International Settlements) at Basle, Switzerland has been that its vaults contained only one bit of actual money-an antique 25? U. S. gold piece. The B. I. S. was created to transfer by bookkeeping methods millions and billions in all sorts of monies between central banks. Lately a very few bankers decided that the B. I. S., as the only bank in the world not responsible to any one government, might be a good place to keep gold. In its monthly statement last week...
...Class of 1934 (Juniors) -- 738, Class of 1935 (Sophomores) -- 852, Class of 1936 (Freshmen) -- 1117, Out-of Course Students -- 72. Total, 3,390. According to these figures it would seem that only 60 per cent of an incoming class graduate. Each year approximately 125 men drop out or transfer...