Word: budgets
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Dates: during 1930-1939
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Last January in his budget message President Roosevelt set up as his goal the borrowing of $10,000,000,000 from U. S. investors before July 1. Of this sum six billions was to be new money added to the Public Debt, four billions old money for refunding outstanding loans. Presumably the President was going to try to spend as fast as he borrowed-a rate that figured out about $25,000 per minute. In January the Treasury dished up its first big serving of securities-$1,000,000,000 worth, which was oversubscribed five times. Last week it dished...
...pressing need for funds has made the continued support of Red Top impossible under the 1934 budget of the H.A.A. Mr. Bingham has adopted a very sane attitude towards the problem. He recommends that an endowment fund be raised immediately, the whole plant put in the hands of a group of trustees, who would oversee the endowment and take care of the upkeep costs and taxes. The buildings and land at Red Top originally cost $150,000, an investment which Mr. Bingham rightly contends ought not to be allowed to go to seed...
...voting to use its surplus funds for the creation of scholarships the Student Council has created a precedent which deserves the general approval of those who contribute to the Council's annual budget. This year's Council has made notable with class elections, which have thrived in previous years. At a time when the scholarship funds must become more and more inadequate in relation to the burden placed on them by President Conant's program, the Council could have chosen no more worthy enterprise than the establishment of several new awards...
...Legion post throughout the land is posted the record of how each Congressman votes on pensions. Firm is every Congressman's belief that each Legionary can control five votes for or against him. Easy would it be for Congressmen to explain that when the President had unbalanced the budget by nine billions, a few millions more or less for pensions would not matter...
President Conant, Lewis W. Douglas, the Director of the National Budget, Charles Francis Adams '88, formerly Secretary of the Navy and now President of the Harvard Alumni Association, Walter Lippmann '10, an Overseer of Harvard College, and Grenville Clark '03, Fellow of Harvard College, are to speak at the annual dinner of the Harvard Club of New York, which occurs tomorrow night, it was announced yesterday by Langden P. Marvin '98, President of the Club, who will preside at the dinner...