Word: bonus
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...larger than for the comparable period last year. The total of these circumstances spelled only one word: DEFICIT. President Hoover last December estimated the shortage at $180,000,000 for next June 30. Soon he revised it up to $350,000,000. When Congress passed the Bonus Loan bill he boosted it to $500,000,000. Last week Treasury officials were talking of a deficit of $700,000,000 to $800,000,000- the first deficit since 1920 and a monster when it came. The staggering size of the DEFICIT immediately provoked political speculation about an increase in taxation...
...Last week Secretary Mellon did more short-term financing by selling $100,000,000 worth of 90-day Treasury bills. This sum was to be used for Bonus loans. According to Administrator Hines of Veterans' Affairs, 1,571,291 veterans have applied for these loans and to them more than 500,000 checks, averaging $377 each, have been mailed out. Bonus applications after the first rush had started to taper off; it appeared that total advances may be kept below...
Last week Woolen's shareholders approved of a bonus plan whereby Messrs. Warner and Noah and Moses Pendleton, general manager, will be amply rewarded should Woolen be put back on the road to profits. For earnings above $2,000,000 the bonuses will come...
...Bonus Credit...
...last week's plan, shareholders of Gramophone and Columbia Graphophone will be given stock in a new holding company.* As a bonus they will be given stock in Columbia Phonograph Co. Inc. of America which henceforth will apparently shift for itself. Dominant stockholder in the new company will be Radio Corp. of America, holding 30%, of the holding company's stock...