Word: bonus
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Dates: during 1930-1939
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Without other explanation, the Leftist Government last week abruptly decreed a bonus payment of 26,000 pesetas ($1,500) to each Leftist general "due to exceptional present circumstances...
...economic jam was the public utility situation (TIME, Jan. 10). Other reasons for the present depression, continued Economist Ayres, which he last week gave Senator Byrnes, included excessive inventories last spring, rising prices due to rearmament programs abroad, fears of labor difficulties, possibly the bonus payment in 1936, possibly some fear of inflation. Mr. Ayres's predictions: that the depression should reach bottom in the first half of 1938 as consumption progresses faster than production, that recovery depends upon continued relatively good times abroad, that if the U. S. pulls Europe down after it the milk may be spilled...
...slump he charged primarily to the payment of the soldiers' bonus in 1936, which accentuated inflationary sentiment that got out of bounds in the spring of 1937, drove prices and inventories too> high. As contributory factors he mentioned strikes, increased operating costs of railroads, lack of expansion by utilities and, finally, the attempt of the Govern-ment to reduce its contribution to consumer spending power. Said he: "Monopolistically controlled prices and wages which are now too high must be lowered and prices and wages which are too low, in relation to consumer purchasing power, must be raised...
...some Ford dealers of referring to the Ford distribution system as the "Cowling System." Adaptable Bill Cowling, once president of Ford-owned Detroit, Toledo & Ironton R. R., was never paid the heroic salary popularly supposed. Henry Ford's sales manager got $35,000 per year and even the bonus in good years seldom brought it close to six figures...
...reply, P. . . . will say that he received a small salary, but got a bonus for hitting a home run in the World Series...