Word: bonus
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Dates: during 1930-1939
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...Last week Wall Street recalled that Gerard Barnes Lambert, merchandising brains of Lambert Co. ("Listerine"), became president of Gillette Safety Razor Co. year and a half ago at no salary but with the agreement that if he should push earnings back to $5 a share he would receive a bonus of 20,000 shares of Gillette stock: if he jacks earnings up to $6 he will receive another 20,000 shares...
There can be little doubt that the demands for aid for disabled veterans, widows, and orphans is legitimate enough. The question this time, however, is not only whether the other members of the Legion deserve the bonus, but whether husky legionnaires should shoulder onto overburdened tax-payers debts which are due them neither legally nor morally, as the bonus bill calls for no reimbursement before 1945. To be sure, in their eagerness to put through immediate legislation for pensions and medical care they generously declare, "The bonus can wait a while," but with these bills passed, it will be only...
Currency will be kept on the gold standard. The Bonus, with payment in fiat money, will not get by. In general the financial policy of the Democrats will be not to inflate currency but to scale down debts by indirect means...
...Representatives who voted for the Bonus bill last session. 57 were defeated. Of the 176 who voted against it, 83 were defeated...
...forced the Administration to act by bringing forth the Wagner bill. Economy? Congress cut $334,000,000 from the President's own estimates over the loud protests of his Cabinet. Budget? It is still unbalanced despite the President's "breathless rush to the Capitol to get publicity." Bonus? It was specifically voted down at the Democratic national convention. The Garner "loans-to-all" bill? President Hoover wanted to authorize R. F. C. loans to private industries and named an automobile corporation whose head contributed $25,000 to his campaign fund as a likely recipient...