Word: normal
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That a budget system is necessary to the financial stability of the government, and that it is essential to the restoration of the country to normal conditions was the statement given out by the Honorable William M. Calder, United States Senator from New York, to a CRIMSON reporter recently. Mr. Calder, who is now in his third year of service in the Senate, is one of the leaders of political thought in the state, and chairman of the Committee to Audit and Control the Contingent Expenses of the Senate...
...country is to be restored to normal conditions," Senator Calder said, "what might be termed our National Extravagance must be curbed; and in order to accomplish this without disrupting the governmental organization, some system of appropriating moneys for national expenditures must be devised. We have been contemplating a budget system for many years, and the time has come when the public interest makes it imperative to enact legislation that will bring about this improvement in our financial system...
Last year the Summer School held two sessions in order to enable the students who had been absent during the war to make up deficiencies in their academic records. This year it will return to the normal single session, lasting from July 6 to August 14. The usual custom will be observed of expecting a student to take only one course...
...paper could be rediscounted at the Reserve Bank by the national banks, the amount acceptable for rediscount from any individual institution being limited virtually only by that banks' supply of eligible paper. In numerous instances, in order to meet their customers' demands, banks were borrowing sums vastly beyond the normal...
...lesson of the nation-wide price-cutting wave is that under-consumption is as objective in reducing prices as is greater production. The Kansas City experiment reveals another method of bringing values back to normal. As yet the scheme has not been applied in other parts of the country. The plan has been to use Kansas City for an object-lesson, which, if heeded, will serve to prevent an equally dangerous situation from becoming acute in other cities. The warning may be enough--if not, legislation such as has proved so successful in Kansas City may have to be enforced...