Word: fiscales
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Dates: during 1930-1939
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Last January, President Roosevelt sent Congress his budget estimate for fiscal 1939. Last week, with Lending & Spending bringing the Government's daily outgo to $25,000,000, he published it again-revised. The revised version resembled the original as most movies resemble the novels from which they are adapted. Prime facts...
...utility holding companies from the Public Utility Act of 1935 ("death sentence"). Promulgated by SEC was the new rule exempting from all provisions of this law utility holding companies and subsidiaries whose entire system gross revenues derived from the utility business did not exceed $150,000 in the last fiscal year. Utility men estimated the number of such companies at about...
...boiler plate, 128-year-old Lukens Steel Co. is located at Coatesville near the hard coal country of eastern Pennsylvania. With total assets of $16,000,000, it is 14th largest in the industry, specializes in making steel plates for steamships and locomotives, nickel and chrome quality alloys. Last fiscal year, Lukens' net income was $158,218, biggest since 1929. But its operating costs also increased. When Depression II cut production as low as 35% of capacity, the company cut its payroll almost in half, laid off 1,100 of its 3,600 workers, still lost about...
Herbert Henry Lehman, banker, son and brother of bankers, announced last week that, as Governor of New York, he had at last, after five fiscal years, wiped out an accumulated deficit of $94,428,496.67 left behind for fiscal 1933 by Governor Franklin Delano Roosevelt. Fiscal 1938, said Governor Lehman, had ended with New York State some $16,600,000 in the black for the year, some $6,500,000 in the black for all years (apart from funded debt...
...Treasury did not look just yet. The net effect of the 75th Congress' whopping appropriations and authorizations will not be known until it is seen: 1) how much more money will have to be voted for Relief after next March; 2) how far Government revenues fall in fiscal 1939 due to Depression II. (The Treasury's first guess, last week, was a decline of some 750 millions.) Last week President Roosevelt ordered the Treasury to undertake a tax study for the edification of the 76th Congress. In the next twelve-month the Treasury's deficit may well...