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...July 31, 1934. some 15 months later, when the first New Deal tax increase had been made. Ambassador Straus wrote a codicil to his will in which he withdrew these benefactions in these words: "The present Federal and State estate tax laws impose substantially increased tax burdens upon the estates of decedents and may under certain conditions cause undue hard ship and financial sacrifice and loss result ing from untimely sale and liquidation of assets of estates to provide for the pay ment of such taxes. The increased estate taxes upon the estates of decedents are devoted in large part...

Author: /time Magazine | Title: TAXATION: Last Thoughts | 10/19/1936 | See Source »

China into Council- Ever since the permanent seat on the League Council created for Japan was vacated when that country withdrew from the League (TIME, March 6, 1933), China has been loudly expostulating that no Asiatic country had a place on the Council and that, at the least, China ought to be given one of the rotative, nonpermanent seats which are good for three years. Last week the Assembly elected Latvia and China each to a nonpermanent seat on the Council...

Author: /time Magazine | Title: THE LEAGUE: Court & Council | 10/19/1936 | See Source »

Last week, tired of the delay, the Tidningen-Dagblad suddenly withdrew its backing. Behind the Baroness's back, Pilot Bjorkvall bought the plane himself...

Author: /time Magazine | Title: Transport: Ping-Pong Plop | 10/19/1936 | See Source »

Unfortunately, a great many assumed that the University had delivered a coup de grace. But nothing of the sort really happened. When the Rockefeller Foundation withdrew its support, representing 75% of the School's income, the University rushed to the rescue with an oxygen tent...

Author: NO WRITER ATTRIBUTED | Title: A LIVELY CORPSE | 10/19/1936 | See Source »

...prize money. Because of the rules, all nine started along the same route. Three presently dropped out because of minor troubles, one at Regensburg, Germany, one at Belgrade, one at Salonika, Greece. At Cairo, Flight Lieut. Tommy Rose, holder of the England-South Africa record, smashed his landing gear, withdrew. With five planes left in the race, Capt. Stanley Halse, South African War ace took the lead. Apparently sure of victory, he ran into veldt fires, lost his way, cracked up with a dislocated arm on an ant-hill in Southern Rhodesia. A similar mishap overtook another entrant at Mpulungu...

Author: /time Magazine | Title: Transport: Crash, Crash, Crash | 10/12/1936 | See Source »

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