Business & Finance: Hegira Halted

Governor Lehman of New York took to his bed with a sharp pain in his side late last week—sub-acute appendicitis—but not before he had helped rid his State of an acute pain in the pocket book. All week in his Manhattan apartment he had continued conferences between the city's bankers, officials of the New York Stock Exchange and prognathous Mayor John Patrick O'Brien. The last, counseled by orchid-wearing old Samuel Untermyer, persisted stubbornly in his proposal to pile a city tax on top of the Federal and State taxes on stock transfers, and a 5% tax on brokers' gross incomes on...

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