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...below his estimate to Congress last January. "The prevailing rate of recovery," cheerily chirped the President, "points to the speedy decline of Federal expenditures for emergency activities. The 1937 budget is now being prepared with a view to sharply decreasing the spread between income and outgo. Thus it is clear to me that the Federal Government . . . will not need new taxes...

Author: /time Magazine | Title: THE PRESIDENCY: Roadwork | 10/7/1935 | See Source »

Last week the "Silk City of America" made a rare move in municipal finance by publishing as paid advertising in local and Manhattan newspapers an annual report. Occasionally a reform municipal administration draws up balance sheets or income & outgo statements which most editors regard as sufficiently newsworthy to print free. But a formal advertisement was something new to Wall Street. Mayor John V. Hinchliffe touched on Paterson history, Paterson population (141,000), Paterson business advantages, forgotten Paterson products (overalls, wall paper, airplanes, jute, art glass). During 1934 the city was run on a strictly cash basis, reporting a surplus...

Author: /time Magazine | Title: Business: Debt & Taxes | 3/18/1935 | See Source »

...been built. Also promised by Dec. 31, are: 1) the loaning to peasants of 20,000,000 pesos, of which 6,500,000 had been loaned to 1,200 peasant organizations at 8% by last week; 2) the spending of 15% of the Federal Government's budgetary outgo for education and 3.4% for public health; 3) reform of the Labor Code to insert social insurance in addition to the minimum wage recently decreed throughout Mexico of 1¼ pesos (42?) per day. Of this sum the National Revolutionary Party is proud, considering that peons by the million have long...

Author: /time Magazine | Title: MEXICO: New and Square Deal | 12/3/1934 | See Source »

Last year the Stock Exchange lost about $200,000. Total income was $7,480,000, derived chiefly from dues, rents, listing fees, operations of the stock clearing division, ticker service and charges for the brokers' telephone space. The barber shop took in $15,000. Most of the outgo was for salaries...

Author: /time Magazine | Title: Business & Finance: Downtown | 11/5/1934 | See Source »

...There must be "provision for an adequate but sound currency, making income balance outgo." (Hmm--must have in a fit of absentmindedness forgotten all about this little sentence. Unfortunately for Mr. Douglas, however, he didn't forget...

Author: NO WRITER ATTRIBUTED | Title: Roosevelt: Promises vs. Acts | 10/15/1934 | See Source »

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