Word: funds
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Dates: during 1930-1939
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Admission by the Administration that Drought-area farmers could borrow from this $20,000,000 fund to feed their hungry families was all Congress needed to clinch the compromise. The Senate adopted it (67-to-15) as did the House. The President's signature followed immediately. Drought relief could no longer provoke an extra session...
...strain. Predicting a $500,000,000 deficit next July (last estimate: $350,000,000), he declared the measure created "a potential liability of $1,720,000,000"-that is, if all veterans borrowed to the limit. The Treasury, he explained, had some $772,000,000 securities in a sinking fund reserve to pay off the bonus in 1945 which would have to be sold to raise cash in addition to floating a $1,000,000,000 bond issue. Heavy refunding of Liberty Loan obligations in the near future complicated the outlook still more. Declared Secretary Mellon: "the revenues...
...their certificates in a "period of distress'' and the assumption that this figure would not be exceeded as times improved. The Committee claimed the cost would "range from $375,000,000 upwards," depending on the amount of borrowing, pointed to the $772,000,000 Bonus reserve fund as the logical source of cash...
...present dole policy, as Mr. Snowden had already made clear, will cost some $275,000,000 if continued through the coming year. Of this, $75,000,000 is the State's regular contribution to the dole fund, and $200,000,000 will be technically "borrowed" by the fund from the Exchequer. Such borrowings already total some...
Normally the scholarships will be awarded for a single, year, but may, in exceptional cases, be extended for a second year. Appointments of the first American Scholars on the Charles and Julia Henry Fund will be made not later than Saturday, April 18, of this year...