Word: budgets
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Dates: during 1930-1939
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...Another plank: 'We favor maintenance of the National credit by a Federal budget annually balanced...
Early this month President Roosevelt sent his budget to the Capitol telling Congress all he cared to tell about U. S. finances to the end of fiscal 1937. Last week, while the Senate Finance Committee was considering the Soldiers' Bonus (see above), some of its members, headed by North Carolina's supercilious Josiah William Bailey, decided they ought to hear what Secretary of the Treasury Morgenthau would have to say about the effect of paying the Bonus on U. S. finances...
...that he regarded him self perfectly free to repeat in public any facts which he hears in executive session. Then squirming Secretary Morgenthau made a clean breast of U. S. financial expectations as he saw them until the end of fiscal 1937. In so doing he completely rewrote the budget presented by the President a week earlier. Allowing $2,000,000,000 for the Bonus, $2,000,000,000 for new relief appropriations (which the President did not estimate in his figures) and assuming that in place of AAA there will be a new law that will spend as much...
Without for an instant relaxing her interest in the Girl Scouts, in musical scholarships, hospitals, asylums, and all her other welldoing, Mrs. Rockefeller set aside a certain amount of her own Aldrich money for art. As a collector's budget, it was no vast sum. All the pictures that she has since given to the Rhode Island School of Design, to Fisk University, to Dart mouth College and to the Museum of Modern Art-about 1,000 important items-probably did not cost anywhere near the $1,166,400 that Andrew Mellon paid the Soviet Government...
Apparently underlying last week's vague uneasiness were two things: 1) Re-emergence of the Administration's policy as the dominant business news. Agitated were businessmen by the Bonus, the Budget, AAA substitutes, recent flutters in the dollar; the new mysteries of silver, which declined last week to 44¼? per oz., approximately the price when Silver Purchase Act was signed in 1934; Secretary of the Treasury Morgenthau's estimated need for $11,000,000,000 in new and refunding money in the next 17 months; the resignation of T. Jefferson Coolidge as Undersecretary of the Treasury...