Word: budgets
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Dates: during 1930-1939
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...Balance! Balance!" During the first week of the hearing Big Business ding-donged one idea into the Senators' ears: BALANCE THE BUDGET. Witness after witness from Wall Street could see no salvation for the country until the Government ruthlessly cut expenses, lived within its income. To this necessity they subordinated foreign debts, tariffs, jobless relief, railroads, public works and the large variety of panaceas put forward by more imaginative but less substantial citizens. Bernard Mannes Baruch had sounded the keynote the opening day: "Put Federal credit beyond peradventure of a doubt. . . . No nation ever dared to incur deficits...
Before the committee came burly Jackson Eli Reynolds, president of First National Bank of New York, and Myron Charles Taylor, handsome board chairman of U. S. Steel. Their harping on the benefits of a balanced budget vexed the committee, but when Senators badgered them with pointed questions as to how & where income and outgo could be evened up, neither witness had an answer. Times & Sense. Declared Banker Reynolds: "I don't believe in the omniscient power of any man to point the way out of this situation. . . . Ninety-nine out of 100 persons haven't good sense...
Growing out of charges made by M. P. McNair, professor of Industrial Marketing, at the Harvard Business School, R. M. Russell '14, Mayor of Cambridge yesterday declared in a lively hearing of his proposed bill which will give control of the School Board Budget to the City Council, that "Cambridge was in revolt about the matter," and that it was necessary to curtail to prevent the city from defaulting on its loans...
...were made. He cited that last year 15 vacancies in the staff were filled without good reason, and that 34 new appointments were made. H. J. Mahoney of Cambridge assailed the present system for the personal as well as the principle which allows the board to control their own budget. "It is a menace to good government as it now exists. The membership is intensely politically-minded...
...view at the Germanic Museum is an unusual exhibit illustrating the progress of manuscript illumination in Germany from the 8th to the 16th century. The exhibit, which will continue until March 26, is the more interesting because, due to a much straitened budget, the Museum could not afford to borrow originals, but has instead secured the most authentic reproductions available...