Word: bonus
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Dates: during 1930-1939
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Special Master Hall not only lost the $12,000 which he hoped to get as a bonus: the court instructed him to return to the oil companies $44,700 of the original $99,900 with interest at 6% from 1926, an additional sum amounting to nearly $26,000. The refund was figured on the ground that 447 days spent by Holmes Hall "studying the record'' was so much time wasted. The repayment was not made. So last week in Kansas City Circuit Judge Albert Reeves ordered Special Master Hall to pay up within 60 days, or else...
Nevertheless. Any loss in purchasing power in drought areas will be more than offset by spending of Bonus money. Economists are beginning to believe that indirect Bonus influences will eventually be greater than the effects of immediate spending. Even if a large proportion of the $1,900,000,000 Bonus bonds are not cashed, their possession will induce freer spending of regular income. Industries which will benefit most are clothing, building, radio, refrigerators, electric appliances, automobiles...
Without the Bonus, the subcellar fundamentals of Supply & Demand are still in favor of better business. As a result of Government spending purchasing power has exceeded general demand for nearly three long years. Inventories have declined steadily. In the opinion of Economics Statistics Inc., continuation of Government spending "will soon, if it has not already done so, reduce inventories to such a low point that it will be necessary for production to be increased not only in line with current demand but at an even faster rate in order that inventories may be replenished." Continued this specialist in supply & demand...
Asked what he would do with his $1,500 soldiers' bonus. New Jersey's Governor Harold Giles Hoffman cracked back at the Princeton undergraduates who have been baiting him for months: "I'm going to send my daughter to Princeton, so she can join the Veterans of Future Wars...
...soldiers' bonus was paid June 15 in (1 "printing press" money, 2 silver certificates, 3 Baby Bonds, 4 gold, 5 long term bonds...