Word: generously
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Dates: during 1930-1939
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...question is often asked, "Why raise more money for Harvard when such generous gifts are announced on Commencement Day each year?" The answer is that Harvard will always need more funds until it ceases to progress in the field of education...
Yesterday Morris Gray '77 one of Harvard University's most generous benefactors, died at his Boston home, following a protracted illness. Mr. Gray, who was born in Boston on March 7, 1856, prepared for Harvard at the Hopkinson School, entering the University at the age of 17. During his four years as a member of the College he was prominent in undergraduate activities. He studied at the Harvard Law School and was admitted...
...Terms of the purchase were generally conceded to be generous. As fixed by Mr. Untermyer, the price for B. M. T. was $193,471,000; price of I. R. T., $276,504,000. Most liberal seemed his evaluation of the companies' stocks: $80 for B. M. T. (now selling around $60), $50 for I. R. T. (now fluctuating between $25 and $30). Explanation for these prices was that they are undervalued, "prevailing at the bottom of a bear market...
Because they are spectacular and photographic, catastrophes like fires and floods stir public imagination, bring generous popular relief. Because they are intangible, slow-working disasters with long-delayed effects, droughts are soon forgotten and minimized by citizens outside the afflicted area. When the Mississippi flooded in 1927 the Red Cross quickly raised $17,000,000 by popular subscription for relief. The Drought of 1930 was left to the Red Cross to relieve with a $5,000,000 "emergency" fund and no special public appeal...
...increase in taxes . . . defeats the very purpose of these schemes. . . . Prosperity cannot be restored by raids on the public treasury. . . . Some of these schemes are ill-considered; some represent the desire of individuals to show they are more generous than the administration. . . . They are playing politics at the expense of human misery. The American people will not be misled by such tactics...