Word: debts
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Dates: during 1930-1939
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...mayors of New York City, Boston, Detroit, Cleveland, Chicago, Milwaukee, Louisville, Ky. and Amarillo, Tex. appeared last week before Representative Woodrum's sub-committee which is looking into WPA's past before appropriating for its 1940 future.* To the mayors' debt-ridden cities, WPA is a fairy godmother and they are her loyal courtiers. All the mayors were unanimous that: 1) WPA must go on, 2) work relief must not be returned to the States & municipalities, 3) WPA has done a great job of permanent value. This year there was a sober note in their pleas...
...Pres- idents. . . ." But Mayor Hoan, a Socialist whose boast is that his city budget balances, added that he wished for a pay-as-you-go WPA, financed by taxes, not bond issues! "Let me tell you, as an American citizen, it worries me, this going deeper and deeper into debt...
Amarillo's Rogers. For four years the mayors have pictured their cities as poor relations, dependent on the U. S. Treasury, communities already at or near their legal debt limits and unable to cope alone with unemployment. A unique mayor last week was Ross D. Rogers of Amarillo, Tex., home of cows, dust storms and helium. Said Representative Ludlow, Indiana Democrat: "I have been in your city on several occasions, Mr. Mayor, and it strikes me that there wouldn't have been any serious trouble if there had been...
...Matagorda, Tex. from South Carolina early in 1835 with a Yale education, $36,000 in gold and so much energy that when he died he left ten children and more land than almost anyone in the U. S. Only cattle he owned were 453 head, acquired for a debt, which he put on an island and forgot. When their unbranded offspring wandered ashore, cowmen would whoop, "There's a Maverick!" and rope...
...Funk as Reichsbank head has revived talk in U. S. newspapers of internal German inflation. Proponents of Nazi economic methods argue, however, that "inflation" is a word that has no meaning in relation to Nazi finance. The Nazis have, almost from the beginning, supplemented tax receipts by debt-creation" through forced loans. With the "secret" debt added to the acknowledged public debt of 40,000,000,000 marks, the total Government deficit may be as high as 54,000,000,000 marks. But prices #151;the popular measure of inflation- have not risen markedly except on the "black" markets...