Word: douglases
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Dates: during 1930-1939
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While the nation was dividing itself into clangorous groups of hard and soft money men last week, frantically trading theory for theory as prizefighters swap punches, a plainspoken, uncompromising young Arizonan who parts his hair in the middle and knows more about Government income & outgo than anyone else, arrived in...
Because of the $3,300,000,000 Public Works expenditure, the Agricultural Adjustment Administration's domestic allotment operations, the Federal Deposit Insurance Corp.'s bank liquidations, said Director Douglas, "the national debt in the fiscal year 1934 will be substantially increased."* The amount of the increase Director Douglas...
Fiscal 1935 presented a brighter picture. General Johnson had announced in Fort Worth that industry was 25% recovered. Director Douglas estimated that if industry was 10% recovered by the end of fiscal 1934, 1935 Government income would be $3,550,000,000-provided there were no further extraordinary expenditures. Ordinary...
"But if additional obligations are contracted," grimly continued Budgeteer Douglas, ''then (this is a sad subject) additional taxes must be imposed. The gaps in the old tax law must be closed so that the wealthy may not escape. And in addition, and I say this in all sincerity...
Within the last week there have been two ominous indications of a weakening on the part of the Administration in its attitude toward the Securities Act. In a statement to Dow, Jones, and Co. in New York, Secretary-on-leave Woodin assured Wall-Streeters that the government was not aiming...