Word: expensesâ
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...astonishing aspect of Ford's audit was what he did not spend. The IRS inspectors concluded that in 1972 he used only $225 of his private money for personal expenses???or $4.33 per week. The audit states that when informed of that figure, Ford expressed surprise. As an explanation, his aides maintain that he did not have to spend much. For example, as an important Congressman, he was usually the guest at luncheons; when he was not, he lunched in his office on cottage cheese and grapefruit juice...
Finances will be the new administration's first concern. Mr. Roosevelt will make an honest effort to balance the still unbalanced budget. A 25% reduction in Government expenses???about $1,000,000,000 is definitely promised but no time limit is set. Thus if 6% is cut from each successive annual budget the Democratic President will be able to claim at the end of his term a fulfillment of this platform pledge. Despite the National Economy League's clamor. President Roosevelt will not lead a movement against the $400,000,000 Allowance to veterans for miscellaneous illnesses which have...
...same name which owns it began to sway dangerously. Business depression has caused traffic to fall off. Competing ferries have cut their rates viciously rather than go out of business. Traffic has been diverted into the new Detroit-Canada Tunnel. During 1930 toll revenue was $892,000, operating expenses???$328,000. But by the time all charges were computed the bridge company had a $1,367,000 loss. Last week common and preferred stockholders realized they had no equity behind their securities, holders of the $8,000,000 7% debentures did not receive interest due, owners...
...dazzling success. The publishing of fiction is a tremendous, enthralling gamble?a continual laying of bets as to which way that nervous and feline creature, Popular Taste, is going to jump. And, generally, it jumps the other way. For the average novel hardly recoups its publisher for his initial expenses???if that. Or so they tell the author. But the exceptional novel?Gosh, how the money rolls...
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