Word: bonus
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Dates: during 1930-1939
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This was two thumping billions more than Congress voted even in 1936, when it handed out the two-billion-dollar Soldiers' Bonus. It brought the 75th Congress' spending total to $21,656,174,000 for all three sessions. It shot the net deficit for fiscal 1938 (forecast by the President last January as $1,088.129,600) up to $1,250,000,000. For fiscal 1939 it forecasted a deficit of at least $3,722,000,000. It meant that the national debt, which stood at $37,379,410,474 on June 1, had a good chance of passing...
Other items of Depression II: ¶. In October 1936, General Electric Co. instituted its Cost of Living Adjustment Plan, paid employes making $4,000 and less a bonus based on the Department of Labor's cost-of-living index. Still on this basis, G.E. last week cut its bonus from 5% to 3%, its common stock dividend from...
...parimutuels at Churchill Downs as well. Owner Woolf was reported to have cleaned up $150,000-the biggest killing since the days when Colonel Edward R. Bradley, four-time Derby winner, used to plunge on his own horses. To dazed little Eddie Arcaro Owner Woolf gave an extra bonus of $2,500 in addition to the usual 10% of the first-prize money. All Lawrin got was a necklace of roses...
...wore a uniform, even though the bill for veterans' benefits already tots up to $600,000,000 each year (about 8% of the budget). Franklin Roosevelt pays both groups plenty of attention, for it was they who led the fight and passed the $2,000,000,000 Bonus over his veto...
...salaried employes. Some 50,000 people will be affected, saving G. M. nearly $10,000,000 a year. Biggest cut of all was taken by G. M. Chairman Alfred P. Sloan Jr. In 1936 G. M. paid him $561,000 ($150,000 salary, $411,000 bonus). At the present rate of earnings he has little likelihood of getting a $411,000 bonus this year, and by last week's pay cut a $150,000 salary would be reduced...