Business: Personnel: May 17, 1937

Last week the following were news:

Among post-NRA expedients of the Administration which make Hugh Samuel Johnson hot under the collar is the undistributed profits tax. Wrote General Johnson in his Scripps-Howard column last month: "I know a small company that was started with adequate capital in 1929. The crash hit it just as it was getting under way. By some miracle of management it was kept alive through the long valley of the shadow of industrial death from 1929 to 1935. ... In 1936 for the first time it made money—enough money to...

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