Word: budgets
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Dates: during 1930-1939
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...every Federal Reserve district similar to the Young Committee in New York "for the organized application of the credit facilities now available" (see p. 43) ; 4) Government expenditures limited to tax receipts, with no bond-financed public works "which would at once create a deficit, again unbalance the Budget, and increase rather than decrease Unemployment...
...Chairman Meyer had differed more than once over matters of R. F. C. policy. But Mr. Dawes emphatically denied that a rift with any of the Corporation's officers had influenced his resignation. He also brushed away any Presidential bees. "Now that the balancing of the national budget by Congress is assured," explained he, "the turning point toward eventual prosperity appears to have been reached. ... In taking my position with the Corporation. I interrupted my formerly announced plan to re-enter the banking business in Chicago [Central Republic Bank & Trust Co.]. . . . In accordance with our understanding when I became...
Revenue estimates now added up to some 940 millions, at least 50 millions short of a Budget-balancing total. But with every day's delay the financial condition of the country was growing worse. From day to day the Treasury's revenue estimates were shrinking. It became apparent that some broad new base of taxation might have to be sought. It also became apparent that some of the voting for stiff "nuisance taxes" was for the purpose of exciting potent public protest and driving the Senate toward some other tax. What tax this was, everyone knew-a Manufacturers...
This was, of course, pointing a polite finger at Congress. All week the Senate had haggled over the tax bill (see p. 12). All week the prospect of balancing the Budget had remained hazy. Day by day it was increasingly apparent that until Congress acted on the Budget and showed signs of adjourning, Business & Finance must remain hesitant. The committee had to agree with the banking community that it would be folly to use the reserve of credit to bolster bonds before Congress assured a balanced Budget...
While long-established orchestras were striving last week to balance their next season's budget (see above), in North Carolina a novel symphonic venture was having its start. North Carolinians wanted an orchestra of their own. No single city was affluent enough to support a full-fledged one alone but in the university town of Chapel Hill a group of men headed by Geologist Joseph Hyde Pratt had the idea of organizing a State Symphony,† one which would visit and be backed by several communities. They approached Composer Lamar Stringfield, a native Carolinian flautist teaching in the University...