Word: consolator
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Dates: during 1935-1935
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...since his Administration took office. High points: 1) with completion of its present program, the Treasury will have refunded in two years no less than $8,000,000,000 of Wartime loans, and retired, largely from its so-called "gold profit," another $674,000,000 of Panama Canal and Consol bonds; 2) saving in debt service will be $100,000,000 yearly; 3) though the national debt has risen to $28,800,000,000 in the last two years, present interest costs of $800,000,000 annually are actually less than in 1925 when the debt...