Word: abolishing
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Reorganization, The next manifestation of Albany control over Washington occurred when South Carolina's Senator Byrnes announced that, at Governor Roosevelt's specific request, blanket authority would be given the next President to reorganize and abolish multifarious executive agencies to save money, balance the Budget. Not since War days had it been proposed to give the White House such extraordinary power. How he would use it Mr. Roosevelt would decide after he had mastered the detailed set-up of the Federal Government later this month at Warm Springs. Already his agents were reported scurrying through the executive departments...
...Collier beer bill through the House of Representatives (TIME, Dec. 26); of acute indigestion; in Washington. Beer associate of St. Louis' Adolphus Busch and Manhattan's Col. Jacob Ruppert, he long lobbied for the U. S. Brewers' Association, led the American Bar Association fight to abolish "lame duck" sessions of Congress, at one of which his beer bill was finally passed...
Last session's Economy Act authorized the President to reorganize, consolidate and abolish executive agencies to eliminate duplication and save money. To such a large grant of power, Congress tied an equally large rope: The President must submit to Congress his reorganization plan, which would become effective only if the House and Senate took no positive action against it within 60 days. Last week the President submitted his plan, to which the first Congressional reaction was uncertainty tinged with hostility. But for once Congressional inertia was on the President's side. No action would mean favorable action...
...winning class teams have played the winning class teams at Yale. With the advent of the House it seemed wise to discontinue class athletics, and this past year the winning House teams have competed against the winning Class teams at Yale. Within the next few years Yale will abolish class athletics, after which time we hope to have our winning House teams compete against the winning College teams at Yale...
Colonel Deeds's plan is to abolish the two classes of stock. Class A stockholders (the public) will get one share of new common for each share held, plus one-fifth of a share to compensate for unpaid dividends. Class B stockholders (family & friends) will get only one-half a share of new stock and will, of course, have no special voting control privileges. Capital surplus will be provided out of which to make $12,000,000 write-offs...