Word: fiscales
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Dates: during 1930-1939
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...York Central R. R. at its annual meeting in Albany, N. Y. was Thomas Jefferson Coolidge, new chairman of Boston's Old Colony Trust Co. and a member of that exclusive group of successful young men who served the New Deal only to part with it over fiscal policy. Others: James Paul Warburg, Dean Acheson, Lewis Douglas...
...impossible at this time to state accurately the net earnings of this corporation for its fiscal year ending May 31, 1937, and consequently the amount of this surtax, if no distribution is made by the corporation during the fiscal year which is taxable to the stockholders as such, is estimated to exceed $20,000. A serious situation has thus been created because of the relatively small amount of cash in possession of the corporation. This shortage . . . is due to prudent anticipation of raw material requirements, and while this anticipation, coupled with temporary stoppage of shipments due to automobile strikes...
...President's departure for Texas and tarpon, Missouri's Clarence Cannon, the senior member of the House Appropriations Committee, paid a White House visit. Returning to the Capitol, he promptly sponsored a 132-word resolution simply "impounding" 15% of all appropriations for fiscal 1938 and providing that "no amount so impounded and set aside shall be available for obligation unless and until released and restored in whole or in part by the President." Speaker Bankhead promptly spoke up for the proposal, said that the President favored the idea...
...tyro in fiscal postmortems, the author of these flat statements is 42-year-old Bernard Joseph Reis. who graduated magna cum laude from New York University in 1915, earned an LL. B. there in 1918, a C. P. A. in 1921. Since then he has been professionally exploring such corporate cadavers as the collapsed G. L. Miller Bond & Mortgage Guarantee Co. business of 1926, done accounting work for courts and public prosecutors in bankruptcies and reorganizations. In his book he reviews what happened to $11,988,814,205 of defaulted securities "sold to the public by reputable banking houses...
...long list of U. S. advertised products. Mr. Reis's basic point is that, though the public assumes the New Deal has made U. S. banking and finance safe for the small investor, nothing of the sort has yet taken place. After long, sorry rehearsals of fiscal crimes committed "rider the Old Deal, he delivers this warning cry: "It is imperative that the investor rid himself once and for all of the illusion that the Securities Act is the weapon he so desperately needed, and look to other means of self-protection. . . . The average investor assumes that registration signifies...