Word: funds
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Dates: during 1930-1939
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...caucus of 58 Cook County Legislators met, proposed to draft a bill to fund $388,000,000 worth of Cook County's unpaid 1928-30 taxes. It was quite evident that, with the County in technical default for $1,868,400 due last June, investors would be slow indeed to buy any more of Mayor Cermak's tax anticipation warrants. Last week speculation as to a possible receivership for Chicago grew louder & louder...
When President-elect Abel assumes office at Atlantic City next Christmas holiday, he may have a great announcement to make. Established to his honor at Johns Hopkins is the John Jacob Abel Fund for Research on the Common Cold. Francis Patrick Garvan, who four years ago created the fund, so far has given to it $173,750 of the Chemical Foundation's wealth, will during the next year give another $36.250. Then he will stop giving and the Research on the Common Cold will have concluded its five years' schedule of investigation. So far the Research has produced chiefly negations...
...issues listed, every one the obligation of some South American government, state or municipality. Bolivia, Brazil, Chile. Peru have defaulted on their government bonds. In Colombia and Uruguay payments on municipal issues have been allowed to lapse. Included on the list were defaults of either interest or sinking fund payments. Approximate totals: Brazil, $318,000,000; Chile, $268,000,000; Peru, $91,000,000; Bolivia, $61,000,000; Colombia, $11,000,000; Uruguay...
What actually happened was that, when salaries in all departments were raised, the additional amount spent in Philosophy was drawn from the Pierce fund instead of from general University funds. The President justified the action thus: "The principle regularly followed had been that, while the amount of unrestricted income allotted for any purpose should not be reduced when a gift is made for it, since that would be in effect a diversion of the gift to other objects, the University is under no obligation to increase the appropriation from unrestricted funds...
More than twenty years ago the Governing Boards of the University had decided to convert the then existing Lawrence Scientific School into a graduate school. It was not until someone noticed that the Gordon McKay bequest, which had just been received at the time, mentioned that the fund must be "kept accessible to pupils who have had no other opportunities of previous education than those which the free public schools afford" that the impossibility of this step was realized. Thus it was that the school continued as part of the college, with its own graduate department attached...