Word: fund
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Dates: during 1950-1959
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Another plan which the scholarship committee will consider is a short-term loan fund for extracurricular activities. This was suggested by Carl S. Sloane '58 to avoid ending the meeting on "a farcical note" and to remedy the fact that "we've done nothing to aid the student body since February...
...took the opportunity to remind the U.S. of one of the freaks of Government accounting: no matter how much money the Post Office takes in by selling stamps and money orders, the Post Office cannot use a cent of it. Reason: the receipts go into the general fund of the Treasury, while the Post Office lives strictly on appropriations from Congress. So, said Summerfield, "if Americans decide to send more mail than the department estimated they would in its budget, then the postal service must deliver that extra amount of mail. This costs extra money...
...mayors who marched into the White House in the company of Housing and Home Finance Administrator Albert M. Cole. The mayors had a simple demand that typified Ike's budget problems, i.e., they wanted the President not only to fight for the $75 million in federal slum-clearance funds that Cole voluntarily cut from his budget but to release a $100 million housing reserve fund as well. Ike praised the mayors' announcement that cities were spending $10 for every $2 in federal aid. At the same time he lamented that the states, "the agencies with which the Federal...
...Future economic-development aid should be offered as easy-term loans rather than as grants, and should be financed out of a revolving fund that Congress would replenish as needed (estimated first-year need: about $500 million). Such a fund, argued Dulles, could "accomplish more with less expenditure" than the present rigid system of year-by-year, country-by-country appropriations...
Dulles' outline left many a gap and blank to be filled in. One gap was soon pointed out by Export-Import Bank President Samuel C. Waugh. Would the fund's easy terms undermine the businesslike hard loans that both the Export-Import Bank and World Bank are trying to make the basis for sound international development? "Soft" loans, Waugh told the Senate committee, could "imperil the status of any loans made on a strictly banking basis." Also missing from the plan was any proposal for legislation to encourage private investment abroad...