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...this emergency B. B. C. soon afterward put Sir Josiah Stamp on the air and his stirring appeal? A Thousand Million Saving Certificates! ?boosted sales so much that three days later 450,000 were sold and on the fourth day 500,000???a record...
Balanced? Last year the Government rolled up its first post-War deficit of $900,000,000???and nothing was done about it. When the Treasury casts up its books June 30, it anticipates a second deficit of some $2,500,000,000???about which also nothing will be done. This two-year debit of $3,400,000,000 is simply lumped in as an increase in the Public Debt while the Government lives on borrowed money. This method of national finance cannot go on. If the Treasury tried to push its borrowings too far, without retrenchments, the world at large...
...Governor Meyer, perhaps more than any other man, who shaped President Hoover's general policy of relief?a whole battery of credit clubs to be kept swinging in every direction. Out of Governor Meyer's economic experience and wisdom came the figure?$2,000,000,000???of what was needed to make R. F. C. a real treat to the intangibles of this Depression. His ideas and those of Mr. Baruch run along parallel lines. These two and President Dawes are expected to be the three strong and active men on R. F. C.'s directorate...
Even without an appeal to the House of Lords, the Kylsant case has already cost $200,000???$125,000 to Sir John Simon; $25,000 to solicitors who collected evidence and $50,000 for the expenses of the Attorney General's office. In Wormwood Scrubs, Lord Kylsant had a clean cell eight feet by ten, a bed, two sheets, two blankets, a stool, a table, a shelf for Bible & photographs. He could and did have all his meals sent in from a first-class caterer...
...effect on next year's budget will be this: I have an estimated deficit of $826,200,000, toward which I now have economies totalling $340,200,000; debt savings of $97,200,000; new taxation of $396,090,000???a total...