Word: deficit
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Dates: during 1920-1929
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American Piano (chartered in 1908) had a long and successful business career until 19-27, when common dividends were first passed. In 1928 the last preferred dividends were paid and the year ending March 31, 1929, showed a deficit of $235,235. Last July President George Urquhart reported that "decline in demand for pianos which started in 1927 continued through 1928, and in the present year to date...
...whose personnel were Russian Soprano Anna Lissetzkaya, Baritone Pasquale Amato, Soprano Dorothy Speare) was scheduled to open its second week. Singers backstage applied their makeup, practiced their trills. A thousand patrons arrived. But the Opera House doors remained closed. The performance was canceled, money refunded. Reason: a $15,000 deficit...
Last week to the House of Representatives, where all appropriations must originate, President Hoover sent his first Budget, providing for the fiscal year 1931.* Chief figure of the Hoover budget: $3,830,445,231, the Government's estimated expenditure for next year, exclusive of a postal deficit and additional outlay for the Federal Farm Board. Comparatively, this amount is $4,304,000 greater than current actual expenditures. Said President Hoover: "Our finances are in a sound condition." He envisaged surpluses of 225 million this year, 122 million next, reiterated his tax reduction recommendation...
...routine operation of Government-8? ($300,307,860, including the cost of Congress, the U. S. courts, foreign relations, law enforcement, the postal deficit...
...Because the cost of air mail service exceeded the postage revenue by some $7,000,000 last year, thus increasing the department's deficit Postmaster General Brown has called a conference of air mail operators to "readjust" contract rates...