Word: cashing
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Dates: during 1920-1929
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...will bring the price of wheat up to a position in proportion to other prices, such as it held before the War. Tariff rates are to be raised sufficiently to prevent inflow of foreign wheat. The wheat which the corporation buys is to be paid for partly in cash, partly in receipts. These receipts will have value in as much as the corporation succeeds in selling its wheat abroad at a profit...
...Manner of Payment. "That part of the annual appropriation not required to meet the cash bonus or to pay policies maturing on account of death will be invested in Government bonds. The face value of the bonds thus acquired, plus the interest thereon reinvested will equal during the 20-year period the maturity value of the insurance policies, aggregating at the lowest estimate...
...although the President's reasons were foreknown, his restatement of them in the Coolidge vernacular did not lessen their force as an expression of the point of view for which he stands. Beginning his veto message, the second he had written, by rehearsing the provisions of the Bonus Bill?cash for those who would receive less than $50, 20-year endowment insurance policies for those who, by the length of their service, would receive greater amounts?he continued...
Cost of the Bonus. "An appropriation of $146,000,000 for the fiscal year 1925 will be required to provide the prorated annual cost of the insurance and to meet cash payments to those not receiving such insurance. This does not include administrative costs, which will amount to approximately $6,500,000 the first year. For the fiscal year 1926 an appropriation of $155,500,000 will be required and the annual appropriations for the 20-year period will aggregate, according to the lowest estimate, $2,280,758,542. These and the other figures herein are from the Veterans' Bureau...
...Government will not have in the fund, in 1945, $2,500,000,000. All it will have will be its own obligations, and it will owe $2,500,000,000 cash. It will then be necessary to sell to the public this $2,500,000,000 of bonds?a major operation in finance which may be disastrous at that time and may jeopardize the value of federal securities then outstanding...