Word: budgeting
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Dates: during 1920-1929
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Town Topics last week rescued from oblivion a tidbit of history. In the days when Calvin Coolidge was Vice President and Charles Gates Dawes was Director of the Budget, Mrs. Coolidge and Mrs Dawes struck up a very intimate friendship, and every Sunday morning the Vice President's car could be seen taking the two ladies and their husbands from the New Willard Hotel to the Congregational Church. Now the President's automobile carrying Mr. and Mrs. Coolidge still goes thither, but the Vice President's car carries Mr. and Mrs. Dawes to the New York Avenue Presbyterian Church...
Friends of Briand and Doumer recalled that in 1921 they stood in the same mutual relation as at present: Premier and Finance Minister. At that period the budget was voted by the end of the year for the first and only time since the War, and the cost of living fell and the franc rallied notably. Subsequently M. Briand lost power and prestige owing to his failure to achieve at Cannes the "security" which he has just brought home in triumph from Locarno...
...President sent to Congress, following his annual report "on the state of the nation," another message the sending of which is rapidly becoming habitual-the message which accompanies the budget. In this he dealt with the fiscal affairs of the Government for three years: briefly with the fiscal year of 1925 (closed last June) and the fiscal year of 1926 (now in progress, closing next June), and more at length with the fiscal year of 1927 (beginning next July), for which appropriations will be made at this session of Congress...
Despatches at length announced the long expected appointment of Senator Victor Henry Bérenger to succeed Ambassador Nosky Georges Henri Emile Daeschner at Washington. Observers recalled that Senator Bérenger is Reporter General of the Budget to the Senate; that he came to the U. S. as second ranking member of M. Caillaux's ill fated debt mission (TIME, Oct. 5, Oct. 12) and that he is almost as widely known as a financial expert as Finance Minister Loucheur...
General Results: "The budget of the Reich has been balanced, and the mark stabilized. . . . From the point of view of reparation payment the plan has brought order into the management of the problem and assured determination by actual experience of the reparations that can be safely paid and transferred. Under it payments and deliveries are moving regularly to the creditor powers and in accordance with expectation...