Word: budgeting
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Last year President Hoover predicted surpluses for fiscal 1930 and 1931 (TIME, Dec. 16, 1929). Last week, on the heels of his message on the State of the Union, he sent to Congress an annual Budget Message in which he was forced to revise last year's figures downward, to caution Congress against rash appropriations. His points...
...Secretary of the Treasury and the Director of the Bureau of the Budget are responsible for the figures, but the President of the U. S. is responsible for the finances of the U. S. He must answer to the stockholders of that great corporation, the Nation...
...midnight June 30 last, was still a good financial year. The Treasury's surplus for that year was $183,789,214.90. But ". . . as a matter of fact, the actual receipts during the fiscal year 1930 were about $71,000,000 less than the estimate contained in the 1931 budget. This was partially offset by a net reduction in expenditures of $29,500,000 below those estimated...
...Mount Rushmore Memorial-among them, President Fred Wesley Sargent of Chicago & Northwestern Railway, Board Chairman Julius Rosenwald of Sears, Roebuck & Co., onetime Governor Frank Orren Lowden of Illinois- met to choose a substitute historian, adjourned for a year without being able to do so. They did adopt a budget of $70,000 for 1931, promised newsgatherers that by next November the figures of George Washington and Thomas Jefferson would be complete as far down as the waistcoats, that men would be at work on Abraham Lincoln...
...Meiklejohn's experimental college at the University of Wisconsin, the radical plan of studying human eras whole instead of human knowledge piecemeal has been tried with success. The University of Chicago approached its reformation guided by two factors not so pressing at other universities: a large and intricate budget ; a monster student body with a wide variety of demands...