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Reduction of the Debt. The public debt at the close of the year was $20,516,193,887, showing a reduction of nearly $735,000,000. This reduction of the debt was brought about in three ways: 1) By using the sum set aside by Congress ($466,000,000) for...

Author: /time Magazine | Title: THE CABINET: Treasury Surplus | 7/13/1925 | See Source »

* Mr. Mellon's mimeographed sheets called special attention to this fact. "The surplus for the fiscal year 1925, therefore, has already been used in reduction of the debt and is not available for tax reduction. Since tax reduction means a loss of revenue annually, it is only the annual...

Author: /time Magazine | Title: THE CABINET: Treasury Surplus | 7/13/1925 | See Source »

The Miners' Executive, headed by the extremist A. J. Cook, decided to fight the reduction of pay and declined to consider an eight-hour working day. Questions were asked in the House of Commons where Premier Baldwin, admitting the seriousness of the outlook, said it was the policy of...

Author: /time Magazine | Title: Foreign News: Coal Strike? | 7/6/1925 | See Source »

Then the British reduction of rubber output began to prove effective. Stocks of rubber in London warehouses have fallen from 52,000 tons in April, 1924, to about 5,000 tons today. Crude rubber has risen to 85c a pound-the highest price since 1917, and a rise of 68c...

Author: /time Magazine | Title: Business: Liberian Rubber | 7/6/1925 | See Source »

"Thanks to the perseverance and perhaps also to the prestige of the League of Nations," said Count Carton de Wiart, President of the Conference, in his final speech, "44 [Persia dropped out] States, members and nonmembers, came to the Conference. And today, in spite of 'Jonahs,' we are...

Author: /time Magazine | Title: THE LEAGUE OF NATIONS: Via Pacis | 6/29/1925 | See Source »

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