Word: bond
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Dates: during 1960-1969
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Administration officials concede that a tax increase will be less palatable for the new Congress than it would have been for the old one. The election brought out a heavy vote against, tax hikes; voters rejected almost half of the $2.1 billion of proposed bond issues. Republican leaders have put President Johnson on notice that they will agree to raise taxes and the federal debt ceiling only if he reduces inflationary demand by paring non-defense spending to "austerity" levels...
...existence of Jesus Christ "starts in the freedom of God Himself, in the freedom in which the Father and Son are one in the bond of love." Roman...
School Bells' Toll. Other budget directors apparently feel the same way, for not one major spending program has been cut back, not one major bond issue has been deleted from next week's ballot in response to the Administration's efforts. Voters will be asked to approve almost $2 billion in new spending, ranging from $230 million for higher education in California to $25,000 for fire apparatus in Austinberg Township, Ohio...
...pleas, but from inflation and the tight money it has brought. High construction costs forced South Dakota to delay a $125,000 building for a school for the blind; a $70.5 million New Orleans expressway project was held up a second time when no underwriters could be found; bond issues were deferred in Cincinnati because interest rates were just too steep...
...started their moneymaking art two centuries ago, when a Hambro sea captain got word that the Queen of Denmark had died in Paris; he promptly cornered the market for crape in Copenhagen. Britain's Baring banking clan made a great leap forward by arranging an $11,250,000 bond issue for Thomas Jefferson's Louisiana Purchase. The Rothschilds of Paris and London grew to prominence by smuggling millions in gold through Napoleon's line to Wellington's forces in Spain. Such are the foundations of the fortunes of the most prosperous and least known...