Word: fund
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Dates: during 1950-1959
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Behind the crisis was an impending $120 million deficit and a controversy over the proper new tax to erase it (TIME, May 4). Governor Williams wants to tap a $50 million veterans' fund for immediate cash, replenish the till and wipe out the deficit with corporate and personal income taxes. Old Guard Republicans, who control the state senate, are agreeable to using the trust fund. But they want to increase Michigan's 3% sales tax to 4% and avoid an income tax, refuse to release the veterans' fund until Williams agrees. Still adamant. Soapy Williams offered...
Last week four experts grappled with the question in a new Fund for the Republic report. Religion and the Schools. What emerged was a topflight summary of familiar views, and a sharp breach among the experts. Against aid for parochial schools: the one agnostic, Economics Professor Robert Lekachman of Barnard College, and Rabbi Robert Gordis of the Jewish Theological Seminary of America. For aid: Catholic Layman William Gorman, onetime associate director of the Institute for Philosophical Research, and the Rev. Dr. F. Ernest Johnson of the (Protestant) National Council of Churches of Christ...
Second, he has embarked on an ambitious endowment fund to build the Department library into a worthwhile collection on military studies and national security. The Shannon Fund, named after Col. James T. Shannon, commander of the Harvard Regiment in World War I, has, at latest count, collected $1760 of its $5000 goal...
...managing editors will devote themselves to fund-raising during the summer...
...This fund would be set up to aid those "8 to 10 students a year" who incur such high medical hospital expenses that they are totally unable to pay them, Eugene H. Zagat '61 indicated...