Word: bonus
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Warning that the next Congress is likely to pay the soldiers' bonus by issue of $2,500,000,000 in flat money, five Harvard professors have joined 75 other economists in calling for the organization of effective public opposition...
...soldiers' bonus bill should be passed," reads the statement, "payments might be made in any one of various ways, but the most dangerous means which might be employed would be the issue of inconvertible paper money in the form of greenbacks, such as the inconvertible and unsecured United States notes of Civil War days...
...stock exchange was front-page news and Henry Ford's announcement that he would build 1,000,000 cars was a refreshing breath of optimism. In Washington the Railroad Retirement Act went out as unconstitutional. In Miami Legionaries shouted for immediate cash payment of the Bonus. In Denver and Albany there were hunger marchers. Donald Richberg had just been named co-ordinator-in-general to set the cosmic alphabet in order. From coast to coast the issue was whether Harry Hopkins, playing Santa Claus at the rate of $140,000,000 a month, was corrupting the electorate...
...million shares a day were changing hands on the New York Stock Exchange and stocks after a seven-month climb were at their highest levels since the New Deal took office. Unemployment was still high, relief plans still in a muddle, but hunger marchers were nowhere. The Bonus was conceded victory in the next session of Congress. Only two disturbances loomed ahead: 1) the possibility of the Supreme Court's invalidating AAA's processing taxes; 2) the growing issue of Government spending to be faced in the next budget...
...office from ten to four tomorrow." Smooth-faced, thin-haired, he offers visitors cigars, smokes an old black pipe. No implement man, he leaves routine management to President Max W. Babb and other executives. After he pulled the company through its receivership, grateful stockholders gave him a large bonus and stock-option, which he promptly divided among 100 of his key men. ''No executive is worth the huge sum represented by that offer," said General Falk...