Word: deficits
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Dates: during 1930-1939
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...annually in certain states where it does business. On that basis of rough calculation, financial writers were able to deduce last week from a statement of condition for 1933 filed with the Massachusetts Commissioner of Corporations, that Ford Motor Co. had finished the year with a $3,923,000 deficit against a deficit of $79,247,000 in 1932. Last year's production of Fords is estimated at 525,000 units, against 425,000 for 1932. The last profit shown by the company was in 1930. when earnings were $44,460,000, production 1,500,000 units...
...they did not assist, when the Detroit Free Press began to publish accusations against Collector Abbott: Deputy Collector John J. Tighe, his friend, had used his tax collecting credentials to solicit from Hugh J. Ferry, treasurer of Packard Motor Car Co., $50,000-$30,000 for the Democratic campaign deficit and $20,000 to lobby for PWA funds in Washington; other Abbott friends and appointees had "sold" postmasterships at $100 a head, had collected money to "assist" Michigan bankers to get the Government's deposit guarantee. In a three hour conference with Secretary Morgenthau, Collector Abbott denied having authorized...
...Protestant Episcopal Church counts many a wealthy man. But the Church is no more proof against financial troubles than any other. Successively its National Council has had to reduce the yearly budgets voted in 1931 from $4,225,000 to $2,898,000 to $2,716,855. Besides a deficit of $529,000 incurred last year, a 1934 deficit of $500,000 impends. If this is not made up the National Council may abandon missionary work in Cuba, Puerto Rico, Mexico, Hawaii and Alaska where venerable Peter Trimble Rowe has been laboring as bishop for 40 years...
...have: 1) bought all last year's wheat crop at $7.80 per bu.; 2) built 1,000,000 small homes; 3) bought more automobiles than were produced in the last two years; 4) employed 10,000,000 people ten weeks at $40 per week; 5) paid any government deficit of the last three years or 91% of the deficit estimated for the current year; or 6) wiped out 15.8% of the national debt...
...tried to persuade the Government to take her back. Their arguments: 1) There were already more big ships on the North Atlantic run than the traffic warranted; 2) the Leviathan had been losing an average of $75,000 on each round trip before she was decommissioned; 3) this operating deficit would help pay for the construction of a smaller cabin-class ship, like the Manhattan and the Washington which have proved highly profitable. Last week the Department of Commerce finally overruled this argument, ordered U. S. Lines to put the Leviathan back into service...