Word: bonus
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...Senate has done something which will give many thousands of thinking people grounds for apprehension. An added fifty-five million dollar burden of discouragement saddled to the backs of the American tax-payers is an appalling thing to think about, heralded as it has been by the new bonus expenditures. And it is interesting to note that this blanket tax increase was put through on the same day as the adoption of the Finance Committee amendment to impose a processing tax on cocoanut oil imported from the Phillipines, despite the fact that such a step is a direct violation...
...cent rise in income taxes is the grievance of the hour, but the bonus legislation and the simultaneous Phillipine legislation should be considered along side of it. For these three acts of Congress, considered in relation to one another, illustrate the startling level of weakness into which this body, so vital to democracy has returned. The bonus legislation over the President's veto has been branded as cowardly by most of the reputable newspapers in the country. The present tax levy is, of course, the direct result of this lobbied legislation; and the adoption of the Finance Committee's Phillipine...
...themselves at the expense of the naughty boys of the opposition whose "welcome dear teacher" rang somewhat false after their participation in the nasty little pranks which were engineered during his absence. Some of the apostates may reflect perhaps that the President would have preferred the triumph of his bonus veto and the defeat of the Philippine oil tax bill to the Marine Band and the welcoming delegation as an expression of Congressional good feeling...
Last week General Electric's President Gerard Swope, author of many an industrial plan for social betterment, announced a prospective profit-sharing program for General Electric's 50,000 workers. For the past 17 years ending in 1932, 30,000 workers have received a 5% bonus. Hereafter each & every General Electric employe will share up to 12½% of the company's earnings available for common stock after 8% of its book value is deducted. Before the plan can become effective G. E. must earn 83? a share on common stock. Last year it earned...
...lifetime of most men who read this paper - has there been so much grave and deep apprehension. ... Of our troubles no man can see the end." Last week this venerable institution celebrated its sesquicentennial. Each & every employe got half a month's salary as a bonus. A privately printed history of its first 150 years was written by no less a person than Allan Nevins, last year's Pulitzer Prize winner (Grover Cleveland}. Clients and depositors, many of them lineal descendants of original customers, sent armfuls of flowers. To become 17th president of Bank of New York...