Word: debts
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Dates: during 1930-1939
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...world was the proud prospect offered to Chicago last week by the Arlington Park Jockey Club's Founder John Daniel Hertz. Discussing the track's policy and progress, Mr. Hertz announced that since 1929 Arlington Park has repaid all but $700,000 of the $5,000,000 debt it incurred seven years ago. When the $700,000 is written off, Arlington Park, only non-profit race track in the U. S., will put its surplus into plant improvements, richer prizes. When prizes reach a reasonable limit, Chicago racing will turn over $500,000 a year to charity...
...national income advances, an increasing percentage of Federal expenditures can and will be met from current revenues, secured from taxes levied in accordance with ability to pay. Our retrenchment, tax and recovery programs thus reflect our firm determination to achieve a balanced budget and the reduction of the national debt at the earliest possible moment...
...long a time have we lived under the evil trinity of increased deficit, increased debt and increased taxes...
...societies" were founded, one of them by natives in remote mountains of the Philippine Islands. Circulation of the famed Christian Science Monitor (daily) advanced from 129,000 to 146,000, a new high. Indebtedness for remodeling the old Christian Science Publishing House as an administration building was paid off. Debt-free remained the new, massy $4,500,000 Publishing House, to which journeyed 120,000 visitors to behold its Mapparium containing the world's largest globe (TIME, June 17, 1935). Finally, the meeting learned that "the developments of this hour in world history are not disheartening to the thinker...
Even Secretary of the Treasury Morgenthau did not really better Standard's figure when he announced the terms of the Government's June financing a few days later. Upping the national debt to a new high ($32,750,000,000), Secretary Morgenthau offered $2,050,754,400 in new securities-largest Treasury operation since the 1919 Victory Liberty Loan. One-half represented exchange offers for obligations maturing in the next few months, the rest an offering for cash, largely to pay the Bonus. Reflecting the new popularity of long-term Governments, the cash offer was divided into...