Word: debts
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
Work Done. The Coolidge era has seen three great reductions in taxes, about five and a quarter billion dollars lopped off the public debt, the war debts refunded, adoption of the multilateral treaty renouncing war, the appropriation of 325 million dollars for Mississippi flood control, the 275-million dollar Federal buildings' program, the civil air program, the implanting of a tradition of economy in government...
...into bankruptcy. A U. S. court takes over his $50,000 assets, turns them into cash at auction, equitably distributes the proceedings among the bankrupt's creditors in extinguishment of all claims, at the rate of 25? (less court costs) on the dollar. He is discharged free of debt, but with his credit badly blotted...
Senator Reed Smoot of Utah, President of the Provo Commercial and Savings Bank, director of Zion's cooperative Mercantile Co., director of the Deseret National Bank, director of the Deseret Savings Bank, member of the World War Foreign Debt Commission, president of the Electric Co. (of Provo, Utah), regent of the Smithsonian Institution, president of the Smoot Investment Co., Apostle of the Church of Jesus Christ of Latter Day Saints, and Chairman of the Senate Finance Committee, is a man of substance and consistency. Last week, as he arrived in Florida to see Mr. Hoover, he declared for "general...
This tenet of the Coolidge credo was reiterated by the President at last week's semi-annual business meeting of the government in Washington. It was the dominant note in an address devoted to the eight years of budget system history. Those years have seen the public debt reduced from $24,000,000,000 to $17,000,000,000. Big business, an invalid in 1921, has revived. Unemployment has been lessened, economic confidence restored...
When payments for the first lot fell due, the first Pollier company was declared unable to meet its obligations to the Treasury, but a second and ostensibly stronger company was formed to assume the debt and contract for still more sugar. This procedure was repeated several times. Meanwhile the sugar was sold, mostly in England, and the profits were salted away outside of France...