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...post-World War II fiscal years of 1947 and 1948, when deep cuts in the Truman defense budget resulted in surpluses, and in fiscal 1951, when the Korean war tax increase outpaced defense spending. The last previous year in which the budget balanced was Hoover's fiscal...

Author: /time Magazine | Title: THE NATION: The Boom's Balance | 12/19/1955 | See Source »

...Aswan Dam (see map) would create the world's largest man-made lake, three times as long as Hoover Dam's Lake Mead and with a capacity of 105 million acre-feet of water. It would multiply Egypt's electric-power supply eightfold and irrigate 2,000,000 new acres, expanding Egypt's farmland by 30% and the national income by 25%. At $1.3 billion for the dam and irrigation works, the cost, reckoned at $650 per acre of new irrigated land, is a bargain by comparison with some projects in the U.S. West...

Author: /time Magazine | Title: EGYPT: Granite Wall | 12/19/1955 | See Source »

Died. Mabel Wellington White Stimson, 89, widow of Henry L. Stimson, four-time Cabinet member under Presidents Taft (1911-13), Hoover (1929-33), Roosevelt and Truman (1940-45); in Huntington...

Author: /time Magazine | Title: Milestones, Dec. 12, 1955 | 12/12/1955 | See Source »

From the list of prospective G.O.P. nominees to succeed Ike, you omitted one who I feel sure would carry more weight and inspire more confidence than any other. I refer to Herbert Hoover...

Author: /time Magazine | Title: Letters, Nov. 28, 1955 | 11/28/1955 | See Source »

...When Hoover and 2,500 other citizens left the tomb* after the annual ceremony, stillness descended on the scene, broken only by the precise footfalls of the ramrod-stiff sentry on his everlasting guard: he took 29 paces before the tomb, halted, about-faced, and resumed his march...

Author: /time Magazine | Title: ARMED FORCES: A Stillness at Arlington | 11/21/1955 | See Source »

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