Supplementary Bond Legislation: Hearing Before the Committee on Ways and Means, House of Representatives, Sixty-fifth Congress, Second Session, on a Bill to Supplement the Second Liberty Bond Act as Amended, and for Other Purposes. September 12, 1918 |
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Page 5
... addition to $ 1,000 of the series of 1918. At the same time the limit of $ 2,000,000,000 now imposed on the aggregate amount of the issue should be enlarged , or , better , removed , for the necessary distribution of the war savings ...
... addition to $ 1,000 of the series of 1918. At the same time the limit of $ 2,000,000,000 now imposed on the aggregate amount of the issue should be enlarged , or , better , removed , for the necessary distribution of the war savings ...
Page 14
... additional $ 1,400,000,000 has not yet been raised by war - savings stamps . Mr. LEFFINGWELL . I do not think that is the situation . We have been authorized to raise $ 12,000,000,000 of bonds . You may say with equal force that if we ...
... additional $ 1,400,000,000 has not yet been raised by war - savings stamps . Mr. LEFFINGWELL . I do not think that is the situation . We have been authorized to raise $ 12,000,000,000 of bonds . You may say with equal force that if we ...
Page 17
... additional income taxes , commonly known as surtaxes , and excess - profits and war - profits taxes , now or hereafter imposed by the United States , upon the income or profits of indi- 81738-18- -2 viduals , partnerships , associations ...
... additional income taxes , commonly known as surtaxes , and excess - profits and war - profits taxes , now or hereafter imposed by the United States , upon the income or profits of indi- 81738-18- -2 viduals , partnerships , associations ...
Page 24
... additional attrac- tion . Latitude and flexibility are the things to be desired in these matters . You must give an assurance that this exemption will run for the period of the war and a brief period thereafter . If a future Con- gress ...
... additional attrac- tion . Latitude and flexibility are the things to be desired in these matters . You must give an assurance that this exemption will run for the period of the war and a brief period thereafter . If a future Con- gress ...
Page 26
... addition to the exemption on the aggregate $ 5,000 of any issue or issues . Mr. RAINEY . $ 45,000 of the first three loans , $ 30.000 of the fourth loan , in addition to the present $ 5,000 , could be free from all taxes . Mr ...
... addition to the exemption on the aggregate $ 5,000 of any issue or issues . Mr. RAINEY . $ 45,000 of the first three loans , $ 30.000 of the fourth loan , in addition to the present $ 5,000 , could be free from all taxes . Mr ...
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Common terms and phrases
amended Argentina August August 20 authorized believe billion bond bill bondholders bonds and certificates borrow capital and surplus cent certificates of indebtedness CHAIRMAN CLAUDE KITCHIN Comptroller Currency earmark estimated exceed exchange exemption from surtaxes expenditures Federal reserve banks Federal reserve district FORDNEY fourth liberty loan fourth loan FRANKLIN GARNER gold Government bonds income taxes increase India issued in anticipation LEFFINGWELL legislation liberty bonds liberty loan converted limit loan organization LONGWORTH maturity value means MOORE national war savings necessary notes secured Ohio payable payment pesetas profits taxes Quota RAINEY rate of interest rules and regulations savings committee savings organization second liberty Secretary McAdoo secured by liberty sell situation sold Spain STERLING subscribed surtax rates taxation taxpayer third Liberty loan tion Total TREADWAY Treasury certificates Treasury Department United States dollar Vanderlip war-savings certificates war-savings stamps wise
Popular passages
Page 37 - States, shall (except to the extent permitted by rules and regulations prescribed by the Comptroller of the Currency, with the approval of the Secretary of the Treasury) be subject under this section to a limitation of 15 per centum of such capital and surplus in addition to such 10 per centum of such capital and surplus.
Page 36 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page 17 - Any and all notes, debentures, bonds or other such obligations issued by the corporation shall be exempt both as to principal and Interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any territory, dependency or possession thereof, or by any state, county, municipality or local taxing authority.
Page 37 - That the total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such association actually paid in...
Page 25 - ... discount of any note or notes secured by not less than a like face amount of bonds or notes of the United States issued since April 24, 1917, or certificates of indebtedness of the United States, shall not be considered as money borrowed within the meaning of this section.
Page 33 - That the President may investigate, regulate, or prohibit, under such rules and regulations as he may prescribe, by means of licenses or otherwise, any transactions in foreign exchange, export or ear-markings of gold or silver coin or bullion or currency...
Page 18 - ... and war-profits taxes, now or hereafter imposed by the United States, upon the income or profits of individuals, partnerships, corporations, or associations. The interest on an amount of such bonds the principal of which does not exceed in the aggregate...
Page 18 - General provisions. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to perform any necessary acts under this circular.
Page 35 - ... an amount in excess of 10 per cent of the capital and surplus of the member bank, whether such person, firm, or corporation was the borrower or not.
Page 5 - The idea that a special exemption should be granted to foreign investors in United States bonds first appeared in section 3 of the Fourth Liberty Bond Act of July 9, 1918, 40 Stat. 845. This provided : "SEC. 3. That notwithstanding the provisions of the Second Liberty Bond Act, as amended by the Third Liberty Bond Act, or of the War Finance Corporation Act, bonds and certificates of indebtedness of the United States payable in any foreign money or foreign moneys, and bonds of the War Finance Corporation...