This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 Excerpt: ...Schedule A, par. 4. Borrowing and return of shares.--The stamp tax imposed by this section applies to the so-called borrowing and return of shares or certificates of stock. (1918) 31 Op. Atty.-Gen. 255, wherein, answering a letter of the Secretary of the Treasury, it was said: "You inclose a copy of an opinion rendered you by the Solicitor of Internal Revenue to the effect that the transfer of the stock from the lender to the borrower, and later from the borrower to the lender in fulfillment of the former's obligation, are bcQj subject to the tax. With this conclusion I agree for the following reasons: "1. The act by its express terms, it will be observed, covers every transfer of the legal title to shares of stock with certain specific exceptions. There can certainly be no doubt that there is a transfer of the legal title from the lender to the borrower and later from the borrower to the lender under the circumstances stated. Shares of stock arc fungible things, and their loan with an agreement to return things of the same class ii the mutuum of Roman law, as to which no one can doubt that title passed from the I'nder to the borrower and vice versa.... 2 It cannot be said that the borrower is a mere agent between the lender and the vendee, so as to make what is in appearance two transactions in reality only one. There is no privity between the lender and the vendee. The former looks merely to the borrower and assumes no relationship further. There are. 'herefore, in substance, two transactions, a transfer by the lender to the borrower, and a transfer by the latter to the vendee, and the tax must be paid on each.... 3, As for tho provisos in subdivision 4, they should receive a fair interpretation in connection with the whole, but there must be cl...
Poetry gives voice to what the eyes see and the heart hears. Inspiration exists all around us. Beauty can be found in the laughter of a child or the blooms of a tree. Poems are one person's interpretation of the world seen through their eyes and felt in their heart. Poetry is soul food - plain and simple.Voices of Nature is a collection of poems that reflect the inherent splendor of nature all around us. This book utilizes a variety of poetry forms to paint word pictures.
A dominant feature of our ordinary experience of the world is a sense of irreversible change: things lose form, people grow old, energy dissipates. On the other hand, a major conceptual scheme we use to describe the natural world, molecular dynamics, has reversibility at its core. The need to harmonize conceptual schemes and experience leads to several questions, one of which is the focus of this book. How does irreversibility at the macroscopic level emerge from the reversibility that prevails at the molecular level? Attempts to explain the emergence have emphasized probability, and assigned different probabilities to the forward and reversed directions of processes so that one direction is far more probable than the other. The conclu- sion is promising, but the reasons for it have been obscure. In many cases the aim has been to find an explana- tion in the nature of probability itself. Reactions to that have been divided: some think the aim is justified while others think it is absurd.
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