Word: invest
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Federal Council of Churches last week outlined in detail the civilian "Re-sponsibilities of Christian Citizens in War; time." They should "count it a privilege to share in such self-denials" as rationing entails, "accept ungrudgingly the greatly increased taxation," cut personal expenses hard "in order to invest the savings in Government bonds." They should "repudi-ate hoarding," and "give on a truly sacrificial level for the alleviation of the vast suffering arising from the war." The resolution was adopted by 60-odd members of the executive committee of the Council, representing its 24 constituent sects. It pointed out that...
Some tax experts thought a better idea than tax reductions would be for States to invest their surpluses in U.S. war bonds-thus helping the war effort to go forward faster, and at the same time restricting the public's power to spend...
...risen dangerously high. The Wall Street Journal had the idea-of-the-week: dangle the profit motive in front of income-earners. Encourage petiple to hand over their cash to the Government, suggested the Journal, by letting them deduct from their income taxes 10% of every dollar they invest in defense bonds. The Journal thought that thus the Government could 1) sell plenty of bonds to cheerful buyers, 2) perhaps even get away with paying no interest...
This market consists of banks, insurance companies and moneyed individuals who respond like a sensitive machine to fine shadings of interest rate, maturity, proportion of long and short dating. They buy because they can find little else to invest in. Of $63.7 billions direct and guaranteed debt outstanding last December 31, banks and insurance companies owned $33.5 billions. Commercial banks alone hold one-third of the debt, are in the war-financing program up to their necks. But since bond buying by banks increases the amount of money and credit in the country, its effect in the long...
Sperry, said Mr. Morgan, has expanded its own plant by only $8,000,000 to handle its war load. It would have had to invest another $32,000,000 if it had not developed subcontracting. Furthermore, it would have been two years behind its present rate of output...