Word: funding
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Dates: during 1930-1939
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Bitterly protesting its injustice, President David Lasser of the Workers Alliance (WPAsters' union) last week heeded the "warning" of Chairman Sheppard of the Senate Campaign Expenditures committee, dropped plans to collect a $50,000 political campaign fund from WPA workers. But, said Mr. Lasser, voluntary contributions from friends of the Alliance would be accepted and, with its dues income, put to the Alliance's political ends. He wrote to Senator Sheppard...
...Jews from all over the World met in Antwerp last week to launch an appeal for $10,000,000 in behalf of the Palestine Foundation Fund. Dr. Kurt Blumenfeld, Director of the Fund, urged a change in "Jewish methods of propaganda" to oppose Communism as well as Fascism. Treasurer Eliezer Kaplan of the Jewish Agency for Palestine complained: "Jews because of their indifference and failure to provide adequate funds are equally responsible with the British Government for the decline of Jewish immigration to Palestine...
...mortgage, pledge or lien upon its shares unless the new debenture shares are equally secured. In having no fixed maturity, the new issue is like a consol or certain British "debenture shares." Where the new issue is unique is in Sunray's contract to set aside a sinking fund of 10% of its monthly gross sales. With this sinking fund the company's trustee each month must buy debenture shares in the open market at any price up to $26.25. If debenture shares cannot be bought thus, the trustee must then call them...
Aware of this, President Lasser went to Chairman Sheppard of the Senate's Campaign Expenditures Committee to explain that the Workers Alliance fund would not: 1) be raised exclusively among WPA workers, 2) be contributed to any party war-chest, 3) spent by anyone but the Workers Alliance-for pamphlets, mass meetings, radio time to tell the unemployed where their "interests" in the Congressional campaign lie. Unimpressed, Chairman Sheppard last week wrote to President Lasser: "Personally, I warn you . . . not to carry out this proposed plan. . . . If you proceed. . . and if the committee should agree with my interpretation...
...David Lasser, who (like Aubrey Williams, Harry Hopkins, Franklin Roosevelt) regards work-reliefers as an established U. S. economic class, and sees himself as their established, politically potent leader, this was bitter. He asserted that his Alliance would go ahead and collect its fund anyway "from small businessmen, professional groups, and sympathetic organizations, together with voluntary contributions from members...