Word: funds
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Dates: during 1930-1939
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Last week Secretary of the Navy Swanson signed contracts for 17 warships to be built in private yards, payment for which will come out of the $238,000,000 public works fund allocated to the Navy (TIME, Aug. 14). He also named some of the new craft as follows: Vincennes (heavy cruiser), Brooklyn, Savannah, Nashville, Philadelphia (light cruisers), Yorktown, Enterprise (aircraft carriers), Porpoise, Pike, Shark, Tarpon (sub-marines...
...bring U. S. Surgeon-General Hugh Smith Gumming to St. Louis, and for him to order twelve more of his U. S. Public-Health Service experts to join the three already there. It made him decide to ask President Roosevelt for $25,000 from the $400,000 Federal fund for combating epi- demics. In the laboratories of Washington and St. Louis Universities medical scientists worked desperately to find the disease's cause, carrier, cure...
...last year was $352.70. Of this, $270.77 had been expended for the client's room & board, $5.60 for Massachusetts income tax. The client, last week summering in Wakefield, N. H., was a staid, elderly, nonswearing Mexican parrot, which five years ago was left a $5,000 trust fund by its late master, Frederick D. Allen of Brighton, Mass...
...many people sold pounds sterling and bought francs or dollars, so few did the reverse, that a flood of gold left England. To keep the Bank of England from being squeezed completely dry, Britain stopped gold payments, let the pound slide. Later the Government created an equalization fund of ?150,000,000 (increased last May to ?350,000,000), which was used by the Bank of England as the Government's agent to buy sterling when others sold, sell when others bought-keep the pound from fluctuating. By this means during the last few months while the dollar tobogganed...
...official announcement was made but London and Paris knew that the Equalization Fund, meeting something too big for it to handle, had stepped aside to let the pound again "seek its natural level." What that might be none knew, but at 81¾ francs the pound was only 1¼ francs above its all-time low. This week fox-bearded Governor Montagu Norman of the Bank of England, having pleasantly enjoyed himself at Bar Harbor, Me., was to have an interview with President Roosevelt at the suggestion of Governor George Harrison of the Federal Reserve Bank of New York. Britons...