Word: deficits
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Dates: during 1930-1939
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...Jones reported that Class I railroads had operated in the black during July for the first time this year (deficit for the first six months...
...several respects New York's Fair outstrips Chicago's: its World of Tomorrow cost more than thrice Chicago's $47,000,000 Century of Progress, is twice its size, and at the end of its first year will probably have a deficit three times as big as Chicago's $5,000,000. (The Century of Progress closed its second year in the black.) Fond of booming, expansive ciphers, honey-tongued Grover Whalen prophesied for his Tomorrow 60,000,000 customers, when he unveiled his big show last April 30. Today the books of the Fair give...
Last week Consolidated Oil made its semiannual report, and by that time Harry Sinclair was hopping mad. For the first half of 1938 Consolidated had turned in a neat net of $4,000,341. But for the first half of 1939, it had a deficit of $872,671. With the report Harry Sinclair made another bitter statement: "I think the industry has served the public extremely well, but it is serving itself very badly...
Today Government spending exceeds Government revenues by about $1,000,000,000 a quarter. By next spring the Government's deficit spending will probably be down to $600,000,000 a quarter. New Dealers, certain of a slump, were last week in a mood to let events take their course in order to tell Congress afterwards "I told you so." If there is no slump-the shoe will be on the other foot. Rather than sit back and tell the country to watch Congress ruin it, New Dealers may yet decide to go their own way and claim credit...
...George V. MacKinnon died, the president's chair has been vacant. This week it was occupied. Fourth head of the 74-year-old Stetson business was robust, grey-haired, 43-year-old George L. Russell Jr., former vice president and treasurer. After a miserable 1938 with a net deficit of $413,534, he was recently able to announce for the first half of fiscal 1939 a net profit of $37,090. No. 1 rule of Stetson's Philadelphia office: no hatless man is allowed to come in the front door...