Word: debts
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Dates: during 1930-1939
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...States come up here and ask for more and more money. Where does it come from? It comes from the pockets of your own people. We are signing the names of your children, and of children yet unborn, to pay off that 40 billion dollar debt. . . . You people out there look to Washington, but I look to the people. If the time ever comes when the American people are no longer able to operate their democratic system of government, that government will have to find a Hitler or a Mussolini to do its business...
Georgia owes its schoolteachers $5,000,000, sees no way of paying them before June 30-and after that date they cannot collect because of a State law prohibiting debt carry-overs to the next fiscal year. Unofficial calculations were that 200 Georgia schools, with 20,000 pupils, were closed. In many a Georgia village and town, worried citizens met to talk of ways & means of educating their children. Some decided to keep the public schools open by charging tuition. In Lamar County, white children's school term was shortened to eight months, Negro children's schools were...
Having been stuck with a $16,600,000 debt as the result of overexpansion in 1930, Oliver Farm Equipment Co. has moved cautiously with Raydex, testing it quietly for three years. But word of its merit spread so fast among farmers that Oliver had orders for 7,000 even before it formally announced Raydex to its dealers last week. It expects to sell 150,000 by autumn...
...merger of four small farm-implement concerns. That year it had assets of $46,000,000, sales of $27,400,000. In 1932 sales collapsed to $4,400,000 and the deficit amounted to $4,164,974.61. But by thriftily plowing back its earnings, Oliver finally emerged from debt last October after a 1937 profit of $2,182,763.36 (it fell...
Born in Copenhagen 54 years ago, Viggo Bird came to the U. S. at 18, graduated from M. I. T., and married on a $2,000-a-year income from Stone & Webster. Slowly his salary rose to $40,000, but debts rose faster. First his wife had a $1,500 operation. Then his son got tuberculosis and Viggo Bird borrowed $9,000 to finance a cure in Switzerland. Just before 1929 his brother lost $30,000 belonging to their mother. Viggo Bird assumed the debt...