TAXATION: Missouri Mills

Six weeks ago Forrest Smith, State Auditor of Missouri, was buzzing about the Treasury Department in Washington. "Wouldn't the U. S. coin one and five-mill pieces," he begged, "to assist Missourians in paying the 1% sales tax imposed by their Legislature?" Secretary Henry Morgenthau Jr. assented. Franklin Roosevelt drew a picture of the coins as he would like them (TIME, Aug. 5). A bill went to the House Committee on Coinage, Weights & Measures, where Representative Lloyd Thurston of Osceola, Iowa made this proposal:

"I suggest that the President, the Secretary of the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!