Word: items
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Dates: during 1930-1939
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...your issue of Oct. 12 you mentioned that Boy Scouts on an occasion several weeks ago followed Al Capone from the field at the Northwestern-Nebraska football game where he was reported to have been booed by the Scouts. Since this original item was published which doubtless arose from a United Press news dispatch, we have made careful inquiry. The sum of the evidence from responsible Scout officials in Chicago and Evanston is to the effect that the Boy Scouts were seated on the opposite side of the Field from Capone; they were there as guests of Northwestern...
...Loans for the account of "others." Last week this third item, amounting to $162,000,000, disappeared from the money market in Wall Street. The Clearing House forbade its members handling these so-called "bootleg" loans. The money market, warned the week before of the impending change, held steady; the official renewal rate of 2% remained unchanged. The anonymous "others" who loaned their money in Wall Street were corporations and individuals with surplus cash anxious to place their money with absolute safety where it could be withdrawn at a moment's notice yet draw interest by the day, often...
...secure were these loans that best accountants allowed a company to combine them with the "cash" item in its balance sheet. So profitable was it that in October 1929, when brokers' loans hit their all-time high of $6,498,000,000, about 55% of it ($3,602,000,000) was loaned by "others." But long before this the practice was criticized by conservatives, disliked by the banks. The money market, said conservatives, was too dependent on nonbanking money. Banks saw their own field invaded, a source of big profit for them in the hands of "others." During...
...Prime item of interest in the Hoover budget was new construction. This was fixed by the President at $57,000,000, as compared with $53,000,000 this year, $38,000,000 the year before. Declared President Hoover: "The budget provides for the continued construction of every one of the treaty ships authorized by Congress, except six destroyers. . . . The tonnage of combatant ships actually in construction by the United States today is nearly double that of Great Britain...
Intensive budget-pruning again occupied most of President Hoover's week.. To the Press he proudly exhibited a handful of new cuttings he had snipped off the Government's colossal expenditure bush. He had reduced the cash requests of all departments by $350,000,000. "Every item has been cut," said he. This meant, he explained, that the 1933 Budget would go to Congress next month with a total of $280,000,000 more or less, below current expenditures of $3,960,000,000. Where this $280,000,000 saving would occur President Hoover did not specify...