by John Brooks
Gifts, taxes on, 109
Gilbert, John, 290
Gilbert, Lewis D., 280–282, 290–295
Gillespie, S. Hazard, 142, 143
Ginn, William S., 207–212, 215, 219, 221, 223
Gold, 317, 337; in exchange for dollars, 320, 323, 381
Gold-exchange standard, 339–340
Gold pool, London, 381–386
Gold standard: abandoned in U.S., 339; adoption of by European countries, 338; in Great Britain, 337
Goldman, Sachs & Co., 192
Goodrich Co. (see B.F. Goodrich Co.)
Goodrich v. Wohlgemuth, 304, 305
Gore, Albert, 117
Graphite, 121
Great Ascent, The (Heilbroner), 12
Great Britain: balance of payments of, 319, 372; bank rate of, 334, 335, 376, 377; gold standard in, 337; income tax in, 81, 82; introduction of xerography in, 170; raising of interest rates in, 325; sterling crisis in, 315–389; tax collecting in, 88; tax law of, 103
Great Treasury Raid, The (Stern), 117
“Greater Tax Savings—A Constructive Approach,” 110
Greene, Nathan, 260, 264, 265
Greenewalt, Crawford, 263
Gregory, Seth, 256, 257
Haemisegger, H. Fred, 134, 142
Haloid Co., 150, 152
Haloid Xerox, Inc., 149, 153
Harcourt, Brace & World, 162
Harding, Bertrand M., 91
Harlem Railway, 228
Harriss, C. Lowell, 78
Hart, Philip A., 205, 212
Harvard Business Review, 278, 281, 286
Harvey, Frank H., 305, 308, 310, 311
Haupt & Co. (see Ira Haupt & Co.)
Hayakawa, S.I., 65
Hayes, Alfred, 319, 323–326, 328, 341–370, 383, 388, 389
Head taxes, 80
Heart of Japan, The (Campbell), 210
Heilbroner, Robert L., 12
Hellerstein, Jerome, 85, 95, 102, 107
Henry Anspacher & Co. (London), 189, 194
Hentschel, H. Frank, 217, 218
Hickenlooper, Bourke, 253
Hinton, Longstreet, 135, 140–142
Hofstadter, Richard, 108
Holmes, Oliver Wendell, 303
Holtrop, Marius W., 362, 364
Holyk, Walter, 122–126, 130, 133, 136, 138
House Judiciary Committee, 164
Hovde, Frederick L., 287
Ideologies of Taxation, The (Eisenstein), 113
India, 255; devaluation of rupee in, 322; expenditure tax in, 115; income tax in, 82
Indus River, 255
Ingraham, Joseph C., 57
Injunction, origin of, 305–306
Income tax, 80–82; avoidance of, 100; in Communist countries, 88; in Florence (15th century), 80; in various countries, 88
Income-tax law, 97
Inside information, legitimate use of, 118–144
Insider Trading and the Stock Market (Manne), 120
Intellectual work, and taxes, 108
Interdict, defined, 306
Interest, withholding of taxes on, 96
Interest rates, 316, 325
Internal Revenue Code: (1954), 79, 96, 98; (1964), 100, 101, 102, 108, 113; complexity of, 111
Internal Revenue Service, 89–97; and taxpayer education, 112
International Business Machines, 8, 9, 14, 18, 152
International Harvester, 378
International Latex Corp., 298, 299, 301, 306–311
International Monetary Fund, 322, 324–325, 329, 330; members of, 328; special drawing rights on (S.D.R.), 387
International Telephone & Telegraph, 378
Ira Haupt & Co., 176–189
Iran, 250, 270, 274
Italy, 250, 272, 347
I-T-E Circuit Breaker Co., 213, 217
Ivory Coast, 250–251, 272
J. R. Williston & Beane, 177, 179, 181, 182, 185
Japan, income tax in, 82
Javits, Jacob, 384
Jefferson, Thomas, 260
Jeter, R. G., 302, 306–308, 311–313
John Birch Society, 155
Johnson, Lyndon B., 80, 197, 381, 384
Judge, J. Emmet, 48, 49, 50
Kaiser, Henry J., 29
Kaldor, Nicholas, 115
Kamerman, Morton, 176–180, 183
Kappel, Frederick R., 278, 280–285
Karp, Irwin, 163
Kashmir, 255
Keedoozle stores, 247, 248
Kefauver, Estes, 200, 207, 210, 214, 216, 218, 221–223
Kefauver Subcommittee, 205
Kennamer, Frank E., Jr., 136, 142
Kennedy, John F., 3, 80, 104, 105, 177
Keynes, John M., 339
Khuzistan, 250, 270–274
Kidd-55 segment, 121–136
Kleinwort, Benson, Ltd., 189, 192, 194
Kornei, Otto, 150, 151
Krafve, Richard, 28–74
Kreisler, Charles, 46, 63
La Branche, George M. L., Jr., 15, 16, 17, 18
La Branche and Wood & Co., 15
La Rochefoucauld, François, 146
Lamont, Thomas S., 128, 133, 135, 136, 140–143
Lasker, Albert, 255
Lasser Tax Institute, 107
Latex (see International Latex Corp.)
Lazard Frères & Co., 254–257, 269, 272, 275
League of Nations, Financial Committee of, 329
Lever Brothers, 72
Levy, Gustave L., 192, 193, 194
Libraries, photocopying activities of, 161
Lilienthal, David, Jr., 266
Lilienthal, David E., 249–275
Lilienthal, Helen Lamb, 252, 253, 254
Linowitz, Sol M., 151, 152, 165, 171, 172, 175
Livermore, Jesse L., 231–235
Lloyd George, David, 338
Locke, John, 147
London gold pool, 381–386
London Times, 334, 336, 341, 365
Long, L. W., 218
Loopholes, tax, 100, 104, 116
Louis XIV, King, 81
Luncheon Club (N. Y. Stock Exchange), 132
McCahill, Tom, 58
McCarthy, Eugene J., 117
McColough, C. Peter, 172, 173
McCormack, James, 293, 294, 295
McKeen, John E., 289
McKellar, Kenneth D., 251
McLuhan, Marshall, 162, 164
McNamara, Robert S., 72
Magnavox Corp., 157
Mahoney, James P., 196, 197
Maistre, Joseph de, 97
Manne, Henry G., 120
Manufacturers Hanover Trust Co., 186–187
Margin calls, N. Y. Stock Exchange, 9, 10
Martin, William McChesney, 341, 342, 347, 362, 381, 396
Martinsburg Monster, 91
Maudling, Reginald, 345
Maxims (La Rochefoucauld), 146
Mechanix Illustrated, 58
Mekong Valley, 275
Memphis Commercial Appeal, 238, 242, 243
Merrill, Lynch, Pierce, Fenner & Smith, 6, 7, 15, 141, 182
Meyer, André, 254, 256, 260, 269, 272
Mimeograph machine, 145
Mimeographing, early use of, 147
Minerals & Chemicals Corporation of America, 251, 256, 259
Minerals & Chemicals Philipp Corp., 256
Minerals Separation North American Corp., 256, 258
Minnesota Mining & Manufacturing Co., 148
Mollison, Richard D., 122–138
Morgan, Arthur, 268
Morgan, J. P., 1
Morgan Guaranty Trust Co., 135, 186
Morgan Library, 39
Morgenthau, Henry, Jr., 115
Moore, Marianne, 39, 40, 41
Mothner, Samuel, 6
Motor Trend, 58
Mullaney, Thomas E., 191
Municipal Art Society of New York, 315
Murray, Arthur, 303
Mutual funds, 23; selling by, 10
Myrdal, Gunnar, 336
&n
bsp; Nance, James J., 64, 65
National Automobile Dealers Association, 71
National Broadcasting Co., 291
National Education Association, 163
National State Bank of Newark, 189
Netherlands, revaluation of currency in (1961), 322
New Republic, 202
New York Herald Tribune, 128, 129
New York Produce Exchange, 178, 181
New York Public Library, 161
New York Stock Exchange, 1–25, 176–198
New York Times, 12, 57, 128, 129, 183, 197, 230, 241, 250, 385
New York University Law School, tax department of, 112
New Yorker, 39
New Zealand, income tax in, 82
Newman, George H., 177
Northern Miner, The (Canada), 128, 130, 131, 132, 141
Northern Pacific Railway, 228
O’Brien, Sir Leslie, 373
Office reproducing machines, 147, 149
Offset printing press, 147
Oliver, John, 270
Olmstead, Fred, 58
“One-per-cent program,” of charitable contributions, 154
Open Market Committee, 347, 348
Overcopying, 160
P. R. Mallory & Co., 150
Page, Jerry, 219, 220
Pakistan, 255
Paper gold, 387
Paxton, Robert, 206–215, 219–223
Peel, Sir Robert, 82
Personal holding companies, 103
Pfizer & Co., 289
Phase-of-the-moon formula, 218
Philippines, 272
Phillippe, Gerald L., 278, 286–289
Photostats, early use of, 147
Piggly Wiggly Stores, 225, 229, 230, 235, 236, 238
Playtex Golden Girdle, 306, 307
Plumley, H. Ladd, 19
Pound sterling, 314–389; bourse rates of, 345; departure of from gold standard, 322; devaluation of, 336, 340, 374, 376; origination of, 337; symbolic importance of, 336
Powers, John J.Jr., 290
Powers of Attorney (Auchincloss), 80
Prentice-Hall, Inc., 91
Price-fixing, 200, 201
Professional stockholders, 280–296
Princeton University Press, 163
Procter & Gamble, 149
Professional athletes, and taxes, 109
Puerto Rico, 251, 272
Pyrites, 121
Radio Corporation of America, 149, 255; charitable contributions by, 154; stockholders’ meeting, 290–291
Regulations of tax law, 95
Restatement of the Law of Torts, 303
Restricted stock option, 87
Revenue Act (1964), 98, 104
Revolving credits, 329
Rhode Island, colonial revenue system of, 83
Roche, Thomas J., 344, 349
Rochester, New York, 171
Rochester Community Chest, 154
Rolo, Charles J., 11
Roosa, Robert, 341, 342, 347, 348, 362
Roosevelt, Theodore, 201
Rothschild, Nathan, 119
Rule 10B-5, of S.E.C., 119, 120, 139, 141
Ruskin, John, 146
Ryan, Allan A., 228
Ryan, Thomas Fortune, 228, 229
S. Japhet & Co., Ltd., 189, 194
Sarnoff, David, 291, 292
Sarnoff, Robert W., 291
Saturday Review, 163
Saunders, Clarence, 226, 229–238, 240–248
Saxon, O. Glenn, Jr., 278, 281, 286
Schlesinger, Arthur M., Jr., 95
Schultz, William J., 78
Schwegler, Walter, 358
Scott, Max, 213
Scott, Walter D., 291
Securities and Exchange Commission, 120, 136–143, 177, 232, 240, 241
Securities Exchange Act (1934), 119, 120
Security analysis, antiperistasis system of, 22
Selenium, 168, 169
Seligman, Edwin R. A., 81, 87
Selling short, 227, 328
Seymour, Walton, 270
Shepard, Leonard, 299
Sherman, John, 84
Sherman Antitrust Act (1890), 84, 201
Shilling, introduction of, 337
Short selling, 227, 328
Silver, 337
Singer Co., 378
Sixteenth Amendment, U.S. Constitution, 85
Smith, Raymond W., 214–217, 220
Sole Owner stores, 247
Sole Owner Tigers football team, 247
Soss, Wilma, 280–287, 292–295
Special drawing rights (S.D.R.), on International Monetary Fund, 387
Special-interest provisions of U.S. tax law (see Loopholes)
Spinoff, 257
Standard Oil of New Jersey, 8, 18
State and municipal bonds, tax exemptions on, 100
Statistics of Income (I.R.S.), 99
Stehlik, Frank E., 212–219
Stephens, Claude O., 124, 128–138
Stern, Philip M., 117
Stock crash (1962), 2, 4
Stock market fluctuations, 1–24
Stock-option provision, 101
Stock options, 103
Stock traders, 120
Stockholder meetings, 276–296
Stutz Motor Co., 228–229
Styling, of automobiles, 30
Suez crisis (1956), 329
Sulphides, 121
Sunday Times (London), 374
Susskind, David, 101
Swap network, 329, 330, 372–373
Switzerland, banking laws of, 327
Swope, Gerard, 219
T.V.A. (Tennessee Valley Authority), 250, 268
T.V.A.: Democracy on the March (Lilienthal), 251
Tape delays, on N. Y. Stock Exchange, 5
Tax advice, 112
Tax rates, 79
Tax-checking, automation of, 91
Tax deductions, 104–107
Tax-free foundations, 103
“Tax home,” 106
Tax laws, 95
Taxpayer’s account number, 90
Telecopier, 157
Territorial Enterprise, 83
Texas Gulf Sulphur Co., 120, 121, 123–140
Thermo-Fax machine, 148
This I Do Believe (Lilienthal), 251
Time Magazine, 68
Timmins, Ontario, 121
Toronto Daily Star, 128
Trans World Airlines, 72
Travel deductions, 104, 105, 106
Treasury Department, 117
Trusts, and taxes, 111
Twain, Mark, 83
Typewriter, early use of, 147
Trade secrets, 302–312
Trade secrets (Ellis), 309
United Nations, support of by Xerox, 155
United States: abandonment of gold standard by, 339; Army Corps of Engineers, 272; gold base in, 381; gold supply in, 381; tax collecting in, 88; weakening of dollar in, 347, 382–388
United States Steel Corp., 18, 149, 279
United Stores, 229
University Microfilms, 156, 162, 165
University of Rochester, 152, 153, 154, 171
User taxes, 114
Value-added tax, 114
Vanderbilt, Cornelius, 228
Verifax machine, 148
Vietnam, 275
Vinson, Arthur F., 214–220
Voluntary compliance in taxation, 92–95
Voorduin, W. L., 270, 271
Waage, Thomas Olaf, 365–366, 368, 373, 376–377, 380, 383
Wagner, Wieland, 132
Wall Street Journal, 64, 68, 69, 195, 203, 379, 385
Wallace, David, 34–42, 62–73
Wallis, W. Allen, 171
Walston & Co., 182
Warnock, C. Gayle, 47, 48, 51–54, 62, 72, 74
Warren, Earl, 223
Watson, Russell, 195
Watts, Henry M., Jr., 181, 186, 187, 191
Welch, Leo D., 293, 295
Westinghouse Electric Co., 4, 203, 204, 21
7
Wherry, Joe H., 58
Whitney, Richard, 18, 203
William Brandt’s Sons & Co., Ltd., 189, 193, 194
Williston & Beane (see J. R. Williston & Beane)
Willkie, Wendell L., 249
Wilson, Harold, 324, 334, 335, 342, 372, 374, 375, 377
Wilson, Joseph C., Jr., 149–156, 164–166, 170–175
Wilson, Joseph C., Sr., 150
Withholding tax, 96
Witteveen, J. W., 364
Wohlgemuth, Donald W., 297–313
World Bank, 255, 329
Xerography, 148–152; copyright infringements by, 161; introduced in Great Britain, 170; and offset press, 163; problems of, 160; use of selenium in, 168; uses of, 159
“XeroX” (trademark), 153
Xerox Copyflo, 157
Xerox Corp., 145–175; community’s attitude toward, 171; donations to educational and charitable institutions by, 154; United Nations support by, 155
Xerox 813 copy machine, 157
Xerox LDX, 157
Xerox 914 copy machine, 157, 158, 159, 169, 170
Xerox 2400 copymachine, 157
“Your Federal Income Tax,” 89
“Your Income Tax,” 107
Yukon, 272
All rights reserved, including without limitation the right to reproduce this ebook or any portion thereof in any form or by any means, whether electronic or mechanical, now known or hereinafter invented, without the express written permission of the publisher.
Copyright © 1959, 1960, 1961, 1962, 1963, 1964, 1965, 1966, 1967, 1968, 1969 by John Brooks
All of the material in this book has appeared in the New Yorker in slightly different form.
Cover design by Andrea Worthington
ISBN: 978-1-4976-3885-3
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