Word: deficits
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Dates: during 1920-1929
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Last June, President Coolidge announced that he was advised there might be a Treasury deficit of 94 millions in fiscal 1929. When Congress met this month, President Coolidge announced he was now advised there might be a Treasury surplus of 37 millions in fiscal 1929. Six days later, President Coolidge announced he had been re-advised, that the Treasury had underestimated by 75 millions the amount it would have to pay in tax refunds. The Treasury was thus seen facing a deficit again...
During the six days between prospective surplus and prospective deficit, the House had voted various appropriations, including a loan of 12 millions to Greece...
...movement toward marketing crackers and biscuits in packages instead of in bulk. The name originally proposed for Uneeda Biscuit was Uneeda Cracker; the change being made because "biscuits" seemed to rank "crackers" in popular estimation. National Biscuit is the largest biscuit manufacturer in the world, has never reported a deficit, had a net income of $13,038,000, first nine months of 1928. Its president, Roy Everett Tomlinson, has been with the company since 1903. He succeeded Founder Adolphus Williamson Green to the presidency in 1917. He is 51, looks younger, and is so sincerely publicity-shy that even...
Postmaster General Harry Stewart New had to report that his branch of the Government, theoretically, selfsupporting, showed a deficit of 33 millions for 1928, an increase of $5,000,000. But he was not downhearted. Establishing and popularizing the Air Mail had been an extraordinary expense. Some day the Air Mail may more than pay for itself and, anyway, it is a valuable encouragement to U. S. aeronautics. Mr. New urged that similar encouragement be given the U. S. Merchant Marine by extending U. S. mail contracts to U. S. shippers...
Last summer, not a little political capital was made-by Republicans as a warning against change, by Democrats as evidence of bad stewardship-out of a report from the Budget Bureau that fiscal 1929 might show a deficit of 94 millions. President Coolidge now announced that the outlook was for a surplus of some 37 millions. Neither of these figures is very near the $252,540,283 surplus which was estimated for 1929 in the President's Budget message last December. Last week the President explained that the discrepancy was due rather to increased expenditures than to decreased revenues...