Incomes over one million mark set in 1925
Washington reports that 207 individual incomes exceeded 1,000,000 in 1925, the highest on record, with 104 between 1,000,000 and 1,500,000 and 48 between 1,500,000 and 2,000,000. The new tax law boosted exemptions, reducing total returns to 3,053,967. Net income reached 21,189,850,118 and net tax 731,377,191.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Bureau
Ford to Close Stores to Public in Michigan Agreement
Henry Ford announced an accord with the Michigan Retail Grocers Association that Ford will stop selling foodstuffs and merchandise to the general public. The move ends a covert boycott threat by retailers against Ford products.
MENTIONED IN THIS ARTICLE
Ford
Detroit
Henry Ford
Michigan Retail Grocers’ Association
Mr. Ford
Lake Shipping Opens at Duluth
Lake navigation season opens in Duluth with two vessels departing loaded with supplies for North Shore stations.
MENTIONED IN THIS ARTICLE
Duluth
Minn
North Shore
Bank President Ends Life in Bluffton Shooting
Ralph Studebaker Todd, forty eight, president of the Studebaker Bank of Bluffton and millionaire oil operator, shot and killed himself. The suicide followed the bank’s closing three days earlier.
EXPENSES SHARED BETWEEN WAR AFTERMATH AND ORDINARY FUNDS
Senator Curtis of Kansas reports that total appropriations for 1916 and 1928 sum to 1.115 billion and 4.211 billion dollars, an increase of 3.096 billion. He notes only 216.9 million was for ordinary needs, while 2.879 billion covered World War I aftermath expenses.
MENTIONED IN THIS ARTICLE
Washington
Curitis
Kansas
Curtis
What He Had in Mind No Doubt the Prodigal Son Repented
A short reflection on the prodigal son, suggesting repentance occurred before returning home, focusing on motive and consequence rather than divine judgment. The piece hints at practical reasons for the prodigal’s return, framing it as a personal decision driven by need rather than pure virtue.
Hoaxed Explorer Wins Paris Geographical Award
Jean Baptista Youville, a French adventurer, was awarded the Paris Geographical Society gold medal for a claimed 1830 Congo discovery, a prize later revealed as a fabrication based on his book. The incident underscores questions about the award’s credibility.
MENTIONED IN THIS ARTICLE
Jean Baptista Youville
Paris Geographical Society
Congo
Tunnel of the Alps and Alberg tunnel project
One of the largest tunnels of the Alps is the Alberg tunnel. It runs beneath the Alps at the Ail mountains and extends from Langen to St. Anton, a distance of six and three fourths mules.
MENTIONED IN THIS ARTICLE
Alps
Alberg
Ail Mountains
Langen
St. Anton
Young Blood and Old Brains Clash in Practical Mix
A quip notes that young blood and old brains form a good mix in theory but rarely fit each other for practical use. The remark highlights the difficulty of aligning energy with experience in real tasks.
Obvious Name Africa's Khartoum Shoebill Stork Link
A Khartoum based Africa section article highlights a shoebill stork, drawing a clear parallel between the bird and the shoe bill. The piece notes the obvious connection, appealing to paternal readers with a symbolic naming detail.
MENTIONED IN THIS ARTICLE
Africa
Khartoum
Also Mentioned on This Page
Internal Revenue
U. S
Charles Curtis
Chrysler
Twin City
Dolton, Ill
Dolton
Atwater-Kent
Pratts
Pratt
le Sea Anny
Roseland
Buick Sales Co
Michigan Ave
M. Ridder
Oakglen
Ill
BABY
Conrad Kern
Indiana Avenue
Riverdale
Public Service
Public Service Company OF
Northern Illinois
W. C. Dowdy
Dist
Ge Public Service Co
No. 1
Dinos St
Chicago Heights