Word: interests
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Dates: during 1920-1929
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...your readiness to establish a life subscription rate (TIME, May 27, p. 4) well considered? "Sufficient interest" seems to be hardly sufficient reason. Life-expectation tables can have little bearing on the rate, as such subscriptions would be relatively few; nor has the life subscriber an assurance that TIME will not change its policy, cease publication, merge with another. There remains also the advertiser, whose best assurance of sustained reader-interest is the addition or renewal of annual (or possibly biennial or triennal) subscriptions...
...TIME subscriber who believes either that TIME will change its policy (for the worse) or cease publication, or merge with another magazine, will consider a life subscription. The advertiser will have plenty of assurance of sustained reader-interest in the renewal action of hundreds of thousands of non-life subscribers...
Short-term certificates are issued on the quarterly tax-payment days. The present system has these defects, as explained by Secretary Mellon: 1) Money is borrowed in advance of actual needs with a consequent loss of interest; 2) The Treasury must give the certificates, which it sells at par, as low an interest rate as possible, yet high enough to meet momentary conditions of the money market. This involves difficult guesswork...
...Government financing legislation which the Senate has yet to approve, would permit the Treasury to sell its bills below par and pay no interest on them. The securities would be put up for competitive bidding, the buyer making his profit in the difference between the purchase price and the full redemption value...
...Young Plan the total was fixed at $8,806,000,000 cash. On the instalment plan, over an agreed stretch of 58 years, this sum will become, with cumulative 5% interest, 27 billions. This sum, huge though it sounds, is 116 billions less than the creditor nations demanded at Versailles ten years...