Word: fund
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Dates: during 1920-1929
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Prime Minister $25,000 President $75,000 (plus $25,000 entertainment fund...
...this money produces an income of only $500,000 a year. The estates are entailed, they cannot be sold. The palaces and jewels produce no income. When income taxes on the cash fund and land taxes on the million acres are paid, a half-million dollars is all that is left. Most important of all this half-million belongs to the ex-Kaiser only as head of the House of Hohenzollern. There are 49 members dependent on the fund, none of whom is willing to give up his share. That leaves some $10,000 per annum for each of them...
...poor babies of Manhattan and environs are richer by $130,000, that being their share of the sums paid by 40,000 fight patrons to see last week's Milk Fund bout between Heavyweights Max Schmeling and Paulino Uzcudun in the Yankee Stadium. Herr Schmeling and Senor Uzcudun are richer by $72,500 each, or 40% of the total proceeds. Herr Schmeling is richer by the title, "Champion of Europe," which awkward Senor Uzcudun previously held in a vague way. Fight patrons are richer only by the semi-satisfaction of a hope, the half-answer of a question...
...cheeks. The ceremony was performed before the assembled military. In Berlin, posing as Prince Adalbert, third son of the onetime Kaiser, he obtained 100,000 marks from a diamond merchant. In Holland he appeared as Canon Charles Dixon of India, whom he had met, and collected a chapel building fund; for India's heathen. In Rome he was honored as a Cardinal's relative. At gay Biarritz he was the son of Poet Maurice Maeterlinck. With graces and fantasies almost super-Maeterlinckian he solicited $25,000 to erect a statue to his father...
Explanation of the discrepancy lay in the fact that the legacies, bound up for the present in a $50,000 trust fund, cannot be collected until the year 2129, when they will go to various Indianapolis art, musical and educational institutions. By that time the laws of compound interest will, unless higher laws intervene, have operated to create the $160,000,000 figure...