Tax carryback aid to big business alarms lawmakers
Washington debate centers on carry-back refunds for unused excess profits credits amid 1936 1939 earnings gaps. Mills says large corporations exploit the loophole to boost refunds, costing taxpayers. Bailey seeks repeal. Truman opposes futile price controls and warns of a possible special session.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
General Motors
Treasury
Cleveland Bailey
Clarksburg
W. Va
House
Ways and Means
Wilbur Mills
Arkansas
Congress
Mills
Unionized Baseball Sparks Public Worry and Wit
A New York Times excerpt reflects anxiety over unionized baseball mixing sport with labor rights. It questions if stars will survive picket lines or if boos signal CIO or AFL views. The piece mixes satire with visible consumer absurdities and mentions a broad cast of figures and scenes.
Inflationary Dialogues on a Used Sedan Sale
A dialog quotes a buyer offering 2800 for a sedan he recently bought at 2000. The exchange shows price skepticism and inflationary tension in a casual street conversation.
Statue of Liberty to Be Painted Headline Sparks Strike Mood
Reaction to a proposed statue work inflames readers with mock fashion and labor slogans. The piece features imagined banners declaring unfairness and cites a boxing injury as a counterpoint to street theater.
Endless Arguments Rage Over Second Atomic Test Aboard Appalachi
The report outlines a planned July 25 underwater atomic blast at Bikini at 75 feet depth to test hull effects on ships. Submerged submarines, radiological studies, and live animals would measure blast impact while debate over damage, ship survivability, and naval doctrine continues.
MENTIONED IN THIS ARTICLE
Appalachian
Baker
Bikini Lagoon
Army Air Force
Navy
Bikini Island
Bikini
Alamogordo
Hiroshima
Nagasaki
Arkansas May Be Second Target In Nuclear Test
The second atomic bomb test may target the battleship Arkansas instead of the carrier Saratoga. Reliable sources note Arkansas as a likely option though no official announcement has been made by Adm. Blandy. Saratoga’s captain Don MacMahon bet he could return the ship to the East Coast under its own power.
MENTIONED IN THIS ARTICLE
Kansas
Eastman Kodak Company
New Mexico
Eastman
Los Alamos
Kodak Company
Japan
Army
Navy
Pacific
U. S
Ralph Ofstie
Joint Chief of Staff Evaluation Board
Luis de Florez
Pennsylvania
Bikini
Citizen A
Citizen B
America
Citizen C
Adm. T. A. Solberg
Bureau of Ships
Independence
Bikini Lagoon
Naval Evaluation Board
Arkansas
Adm
W. H. P. Blandy
Crossroads
Joint Task Force
Saratoga
Donald MacMahon
Washington
Also Mentioned on This Page
Truman
OPA
Italy
Austria
United States
United Nations
O.k
de Valera
Railway Express
Jimmie O’brien
Sunnyside
Queens
N. Y
New York
W. S. Parsons
A. L. McAuliffe
Secretary of Navy
James V. Forrestal
Elizabeth
England
London
Basingstoke
Harry S. Truman
Oval
White House
Murray Sapossnek
Henry Street
Boots
Murray
Degnan
William Heirens
University of Chicago
Bridewell Hospital
Detective Headquarters
Suzanne Degnan
Bernard M. Baruch
U.S
U. N. Atomic Energy Commission
Central Park
Marshall Jacobs
Lonnie Cosmar
Coshocton
Ohio
Abner Doubleday
Samuel Gompers
Bob Wagner
Honus
Mr. Twitchell
Harrisburg
W. P. Anthony
First National Bank
New York Times
Jackie Miles
United States Supreme Court
John J. Anthony
Papa
Louis
Walter A. Shead
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