Word: largess
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Dates: during 1930-1939
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...past or present. Most interesting of the historical designs is Avery Johnson's spirited winter scene for Bordentown, N. J., which shows Joseph Bonaparte, ex-King of Spain, who settled on the Delaware River after his brother Napoleon's downfall, watching his footman distribute largess to skaters on his private pond...
Three years ago American Airlines financed the purchase of some Douglas DC-3s and DSTs largely by equipment trust certificates sold to RFC. But Pan American had to seek no such professional giver of largess. It sold $2,500,000 worth of 4% certificates, maturing semiannually from January 1940 to January 1944, to the hardheaded New York Trust Co., has an option to sell it another $1,000,000 worth...
That the stockmarket should react unfavorably to indications of continued pump-priming was proof of business' confusion. Heretofore, such pump-priming talk has boomed the market, and even Wall Street admits that sharp curtailing of government largess would toboggan stock prices. Last week's pessimism apparently stemmed from the realization that new deficits may mean new taxes. But this was one matter on which Congress gave signs of having its back...
...last week, "that some people would say we are back to 1932. . . ." Then, after repeating the complaint that some newspapers were "creating a wrong impression," he issued a batch of figures to show how U. S. farmers are faring under the new AAA: estimated 1938 farm income (including Government largess) is $7,500,000,000, down 12.7% from 1937-but 74% above...
...enough to spur Secretary of Agriculture Henry Wallace's efforts to perfect a new wheat-loan program. And such were the prospects for the three major crops (others appeared to be in fairly normal shape) that Secretary Wallace and President Roosevelt prepared to dump the cornucopia of Government largess as never before...