Word: cashes
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Dates: during 1930-1939
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...measure created "a potential liability of $1,720,000,000"-that is, if all veterans borrowed to the limit. The Treasury, he explained, had some $772,000,000 securities in a sinking fund reserve to pay off the bonus in 1945 which would have to be sold to raise cash in addition to floating a $1,000,000,000 bond issue. Heavy refunding of Liberty Loan obligations in the near future complicated the outlook still more. Declared Secretary Mellon: "the revenues of the Government are steadily falling behind. . . . The Treasury is already in a difficult position. . . . I regret I cannot...
...Young's trip to Washington. Ways & Means Republicans under the able leadership of New Jersey's Bacharach went to work on a bill for upping the certificates' loan value. The House Republican leadership (Speaker Longworth, Floorleader Tilson, Rules Chairman Snell) was frankly receptive to any compromise to stave off cash payments though it was denied that the G. O. P. had been inspired by "the Young Plan," that any Bonus Bill would be passed which distinguished between veterans who were needy and veterans who were...
Bankers and businessmen swarmed to support Secretary Mellon. They contended that the proposal to put extra cash in circulation was unsound economics inasmuch as it was unknown if and how the money would be spent. They also warned that the extra burden of the payment in taxes and depressed prices, particularly with the Government facing a deficit, would fall hardest of all on Veteran Jim Jobless. While the argument went on, domestic bond-prices dropped about $12 and Government 4½s dropped $27 per $1,000 bond. Agitators for the cash Bonus cried: "Manipulation!" Bankers, really worried, looked glum...
Governments often come to the aid of their country's industries. Seldom do industries render direct financial aid to their governments. Last week four great electric corporations - Siemens-Schuckert, German General Electric, Bergmann Electrical Co. and Brown Boveri-lent $12,000,000 cash to the German State Railways, to electrify roads in the south of Germany (particularly the Augsburg-Stuttgart line) and incidentally reduce unemployment by providing work for 10,000 men for a year and a half...
...Roxy since 1907 when in Forest City, Pa. he gave his first moving-picture show, using a vacant storeroom and seats borrowed from an undertaker. His career before that was varied. His parents moved to Manhattan from Stillwater, Minn, when he was 12, set him to work as cash boy in a 14th Street department store. He peddled books for a while, served seven years with the Marines. The movie experiment in Forest City settled his ambition. He ran theatres in Minneapolis and Milwaukee before he returned to Manhattan, started elaborating his programs, including semi-serious divertissements. Roxy...