Scarcity of Risk Capital Signals Wealth Tax Drain
Washington report notes Senator O Mahoney cites venture capital drought as hindering new business and job creation. Witnesses fault high taxes drawing dollars from high earners, with a National City Bank study showing dropping after tax income and total national income figures across 1928 and 1948, highlighting tax bite on investment capital.
MENTIONED IN THIS ARTICLE
Uncle Sam
O’mahoney
National City Bank of New York
Bank
Capital bank proposal aims to spur small business lending
The piece notes rising upper income taxes, dollar devaluation, and a 1948 tax bite, then describes Senator O Mahoney s plan to create capital bank corporations inside the Federal Reserve System. These would lend to small firms, funded by banks, institutions, or investors, and enjoy 15 years tax exemption.
MENTIONED IN THIS ARTICLE
America
O’mahoney
Federal Reserve System
American Tars Take to Reading In Baltimore
The American Merchant Marine Library Association reports a shift from illiteracy to literacy among sailors. John V. Landon says nearly 300 ships visiting Baltimore in 1949 were equipped with libraries. Requests come from wireless operators, captains, crews, and sometimes their wives, indicating growing interest in reading and library services.
MENTIONED IN THIS ARTICLE
Baltimore
American Merchant Marine Library Association
John V. Landon
Association
Landon
Amarillo Election Set on $1.25 Million Street Bonds
The city of Amarillo Texas schedules a February 28 1950 election to authorize issuing 1 250 000 in serial bonds for street improvements. Precinct polling places and officers are named with voting rules under Chapter 1 Title 22 Revised Civil Statutes.
MENTIONED IN THIS ARTICLE
State OF
Texas
Potter
Amarillo
Potter County Court House
H. M. Britt
J. H. Avery
Howard Boxwell
Rolla V. Cartwright
16Th Avenue
P. Elliott
W. Latney Barnes
C. O. Defenbaugh
D. W. Britain, Sr
Alice
G. L. Curtis
E. R. Archambeau
Sam Houston High School
Robert Ricks
Geo. H. Turnley
J. A. Kendall
Vera Kerr
San Jacinto Fire Station
E. M. Benesch
W. W. Finch
E. H. Klein
House Burns as Firemen Fumble in Rushville
Rushville Indiana. When the Coree Pounds home caught fire the family and neighbors tried a bucket brigade but found only two buckets. The Manilla fire department arrived late after getting lost. The hose had jolted from the nozzle as the truck bounced over rough roads. The house burned to the ground.
MENTIONED IN THIS ARTICLE
Rushville
Ind
U.P
Coree Pounds
Manilla
Pastor Irked Over Manners in Portland Churches
Four Portland Protestant ministers held a symposium urging better church etiquette. They cited whispering, loud greetings in the foyer, and sighs at sermons as disruptive. They suggested signs for late arrivals and questioned the need for the minister greeting worshipers at the door.
MENTIONED IN THIS ARTICLE
Portland
Ore
U.P
Paul Wright
First Presbyterian Church
Laurence E. Nye
First Methodist Church
Richard M. Steiner
Myron C. Cole
First Christian Church
Wright
Couple Declines Alcohol and Rice Toss at Ceremony
The wedding party refused to keep pledges about not throwing rice inside the sanctuary and not passing around alcoholic drinks after the ceremony, prompting concerns about conduct and decorum.
Pups Fed Radioactive Iodine Grow Franker, MSU Study
Michigan State College researchers Drs. R. F. Bergman and E. P. Reineke report that feeding radioactive iodine to sluggish English bull pups stimulates their thyroids and makes them friskier. The study suggests a peppier onset in pups from iodine activation.
MENTIONED IN THIS ARTICLE
East Lansing
Mich
U.P
Michigan State College
R. F. Bergman
E. P. Reineke
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Anne
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