Word: cashing
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Dates: during 1940-1940
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...same time, President Roosevelt laid before Congress details of the newest defense requirements he asked for last Friday. The latest phase of his $5,000,000,000 Emergency Defense Program--largest in the nation's peacetime history--calls for a total of $1,277, 741,170 in cash and contract authorizations
France fired 15 Generals last week. Congress' only cure for unpreparedness last week was money. President Roosevelt had asked for $1,182,000,000 in emergency cash and authorizations (plus previously pending estimates). The Senate in its responsive enthusiasm added $364,221,468, in the process grabbed off surprisingly little pork ($2,311,000 for the archaic, scattered string of forts which Congress forces the Army to maintain). Main items...
...Army and Navy last week were amazingly unresponsive about buying more aircraft. The Navy's Chief of Aeronautics John H. Towers upped his final goal from 3,000 to 10,000, but said he wanted no additional combat planes at present; General Arnold in his emergency estimates requested cash for only 309 combat planes, 2,237 trainers, left the Air Corps's projected total at 8,066 (by mid-1941). Greatly disgruntled, the Senate wrote in an authorization of $100,000,000 for naval planes, specifically instructed the Army to spend $103,000,000 on aircraft which...
...application of a new Delaware corporation named Trans port Co. for permission to consolidate over 20 Atlantic seaboard trucking firms (employes 30,000; total '39 gross, $40,000.000) into one $25.000,000 firm. The deal: Transport Co. to buy the truckers for about 75% cash, balance in common & preferred stock of the new company. ∧ Be-goggled Detroiter Emmett Francis ("Spike") Connely, head of First of Michigan Corp., became first paid president of conservative Investment Bankers Association. Rumored maximum salary: $40,000 a year. He authored and will promote I. B. A.'s new publicity program, tell...
...this lying down. Said he, for U. S. consumption, in a cable to William H. Davey, Cleveland steel man and a director of the largest subsidiary of Richard Thomas: "So far as I am concerned everything is 1,000,000% above board. The new plant is a great success. . . . Cash position is splendid. . . . Objecting to my criticism . . . they [the board] have tried to persuade me to resign. I flatly refused in order to force them to accept the responsibility for my dismissal. . . . Like our Armies, I am fighting . . . for justice...