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Show GOVERNMENT SEIZES PROFITS. Forcible Possession Taken of $4,900,-0C0 $4,900,-0C0 for Excess Profits Tax. New York. The biggest and most dmmntlc selzuro of money ever mado by the government under tho excess profits tax law was revealed here September Sep-tember -1, when It became known that federal nirents took forcible possession posses-sion of Sl.tWKl.OOO In the Chase National bank, New York, Immediately after It had been paid hy the Ilarrlnian Interests Inter-ests to II. Fnrquherson Kerr und A. U. Clegg. respectively president nml vlco president of tho Kerr Navigation corporation. cor-poration. The Jfl.ft00.000 was payment In full made ln hills of large denominations for -tn.000 shares of stock In the Kerr corporation nt 5100 per share. It Is the contention of the government govern-ment that the tock cost Kerr and Clegg $10 por share and thnt the profit therefore Is $110 per share. |