Time Clock, Apr. 29, 1957

TAX-SAVING BILL to step up investments in small business by allowing quick write-off of investment losses will be sent to Congress by President Eisenhower. Investors would be allowed to deduct all or large part of losses from taxable personal income in single year-current limit is $1,000 a year for five years. Bill faces rough going because it would most benefit high-income brackets.

BILLION-DOLLAR CLUB gained four new U.S. companies in 1956 now numbers record 81 with assets of that amount. New members: Massachusetts Investors Trust Chesapeake & Ohio Railway Co. Detroit Bank & Trust...

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