Word: wiping
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...report as misleading propaganda in favor of the Stock Exchange Bill. But in his haste to expose Mr. Pecora's errors, President Whitney, too, fumbled his statistics. Referring to brokers' capital losses, which were not included in the report, he declared that "one single item would wipe out" the total operating profit for all years except 1928. What Mr. Whitney had done was to calculate the decline in the total value of 1,375 seats on the Stock Exchange from $625,000 in 1929 to $130,000, the present value. This calculation assumed that each & every member paid...
...Administration's numerous progeny through the merger of the old Bureaus of Prohibition and of Industrial Alcohol Control. Boasting a doubled enforcement outfit, the super-efficient A.T.U. has announced to the country through its nominal chief, Mr. Morgenthau, that with the cooperation of the public it intends speedily to wipe out big-time moon shining and return to the public coffers the enormous revenue in taxes that now go to the bootleg industry...
...knew the directors had voted all the dividends there were. A vice president pointed out that dividends had been paid in every year of the Depression. "There is a decidedly more encouraging outlook," he purred. "My question is not answered," snapped the woman. "If you were to wipe out the salaries of all the general officers of the company," the officer replied, "it would amount exactly to 6? a share." Priceless Schwab. Salaries were also the sorest subject at a stockholders' meeting in Newark. The Federal Trade Commission two months ago listed Chairman Charles M. Schwab of Bethlehem Steel...
...past three years. "It is quite as important to balance the nation's life as to balance the nation's budget," cried University of Wisconsin's President Glenn Frank. "It is quite as important to prevent a social deficit for the future as to wipe out a financial deficit in the present...
...rule prevails, upset everything by voting back the Federal pay cuts and practically all the pension cuts. The House on a second go-round restored two-thirds of the Federal pay cut, and 75% of their former pensions to "presumptives." The bill as passed did not quite wipe out the savings of the 1933 Economy Act, but it did wipe out the principle of executive control of pensions and salaries...