Word: pensions
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Dates: during 1930-1930
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...Sample Senate bills calling for large outlays: $500,000,000 road building (Iowa's Brookhart), $500,000,000 River & Harbor development (Minnesota's Shipstead), $30,000,000 free wheat distribution by Federal Farm Board (Kansas' Capper), $50,000,000 increased War Veterans pension (Alabama's Black), $150,000,000 public works (Illinois' Glenn), $10,000.000 Mediterranean fruit fly relief (Florida's Trammel), $100,000,000 free jobless relief (Massachusetts' Walsh). A half dozen measures have been introduced in the House providing for $4,000,000,000 to cash soldier bonus certificates...
...Hoover requesting extraordinary unemployment relief funds (see p. 14). ¶ Passed the first supply bill, that for the Treasury & Post Office Departments totalling $1,083,553,943 after rejecting (106-10-54) a Wet proposal to eliminate poison as an industrial alcohol denaturant. ¶ Passed an omnibus Civil War pension bill benefiting 675 persons...
...reverend administrators of 19 Protestant ministerial pension funds conferred at Atlantic City last week. They were humbly aware that it is God "that giveth thee power to get wealth," in their cases $154,258,455 collected from 22,609,989 church members to care for 110,000 ministers. Yet they wanted manly wisdom on the investment of that wealth. Dispenser of the wisdom was Rev. William Thomas Boult, 43, who worked two years for Scranton, Pa. investment bankers before becoming treasurer of several national Congregational organizations...
Alter the percentages slightly as economic conditions and the general investment market changes. No pension or other denominational board which Mr. Boult could discover owns common stocks. He approved that situation, because common stocks have a speculative aspect and churches must be certain of their investment income. Also many churchgoers deem all speculation unholy gambling; and "organizations becoming partners through stockholding in an industry expose themselves to the charge of prejudice in favor of the industry...
...pension boards disbursed $9,469,533 last year. Their new interdenominational president is Dr. Henry Hayes Sweets, 58, of Louisville, Ky., secretary the past 26 years of the Southern Presbyterians' Board of Education & Ministerial Relief...