Word: bonus
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Dates: during 1930-1939
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...always had a healthy House majority which afforded him his opportunity to build up the "lower'' chamber's recent reputation for smooth, efficient legislating. No White House tool, he deserted the rostrum to fight and defeat President Coolidge on the 1929 Navy building program, President Hoover on the Soldier Bonus Loan. (This latter activity was chiefly motivated by the menacing hostility of Cincinnati Veterans, which almost cost Longworth his seat last year...
...Bonus Loans. Most confusing of fiscal figures in the public mind was the part the new Bonus loan law was playing in the deficit. Last week the ex-Veterans Administration issued statistics which showed that the law has played no part so far. indicated that it was likely to continue playing no part. Each year since 1925 Congress has been putting approximately $112,000,000 into a reserve fund with which to pay the Bonus certificates. This year the fund totals $934,000,004, including a double appropriation made by the last Congress. This reserve, which has nothing...
...cash, of which $300,000,000 came through cashing in the reserve fund. The number of applicants declined from 985,000 the first week of the law to 90,337 in the fourth week, an average drop of 50% per week which indicated that total Bonus loans would not exceed $800,000,000. Administrator Hines, no friend of the bonus law. refused to be encouraged by the decrease in applications, clung stubbornly to his $1,000,000,000 estimate for the bonus loan total. However, not until Bonus loans exceed the $934,000,000 reserve fund, will this outlay become...
...Bonus Buying. One argument for the Bonus loan law was that the money borrowed by veterans would help stimulate a business recovery. So diffuse was the expenditure over the land that the Press has perceived little of the relief afforded needy veterans. Here and there, however, have been small suggestions of economic pickup. In Washington, veterans bought 250 automobiles with their loan cash, gave the trade one of its best March businesses. In Chicago private debts were being paid off more rapidly. Near the Soldiers & Sailors Home at Sandusky, Ohio, carousing increased...
Tobacco when he looked at the pile of proxies to be voted in his favor at the stockholders' meeting last week. No similar pleasure accrued to Stockholder Rich ard Reid Rogers who had attempted to muster a bloc in protest of President Hill's $2,000,000 bonus (TIME, March 23). When balloting time came Dissenter Rog ers saw his candidate for the directorate receive a paltry 11,980 votes out of 2,627,953. Angry, he spoke of carrying on his uphill anti-Hill fight in the courts. Emptier Plates. From a sales volume...