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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Sep 18, 1938

Page

30

Blink Proof Electric Eye Invented By Cedar Rapids Man

James Reeder of Cedar Rapids develops an advanced electric eye timing device for races. He claims near two hundredth of a second accuracy, safe from dust sunlight and weather, and has demonstrated it at fairs and races while guarding its design in a safety deposit box.

Cedar Rapids James Reeder Reeder Bonneville Salt Flats Utah John Cobb Bonneville Colorado Minnesota Michigan Ohio Indiana Electric Eye McCoy Hawkeye Downs General Electric Reed Enompeon

Liquidating Corp Seeks Tax Exemption for Security

A bill in equity filed in a federal court by James W. Bollinger for the Liquidation Corporation seeks exemption from Social Security taxes for the bank liquidation entity formed after the American Savings Bank of Davenport was declared insolvent on October 2, 1931. The suit argues the liquidation firm is not a banking corporation and that employer taxes would harm depositors’ claims. it notes $1,528.24 already paid under protest and possible penalties.

United States Court Jame W. Bollinger Davenport Liquidation Corporation Charles D. Huston Internal Revenue Iowa Asers American Savings Bank of

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