Word: levelers
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Dates: during 1930-1939
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Treasury's Mills: "Total tax receipts declined from 1930 to 1932 by $1,737,600,000 or 47.9%. . . Federal expenditures for 1932 reached a new high level for the post-War period. ... We closed the fiscal years 1931 and 1932 with large deficits. Even so, the finances of the United States Government are in sound condition. ... I renew my recommendation, looking to the extension of branch banking...
Commerce's Chapin: "The trend of industrial production, prices, employment, pay rolls, merchandise distribution, foreign trade, and constructor was downward throughout the year Output was the smallest for any fiscal post-War period. . . . Foreign trade declined in value to the lowest level since pre-War years...
...pages and four pages of half-tones tipped in. Typical of the latter was "The Forgotten Man," an abject figure asleep in a cheap doorway. Contributors to the first issue included such famed economists as John Maynard Keynes ("A New Monetary Policy for England"), Sir Josiah Stamp ("Our Price Level Problem"), William Trufant Foster ("Is Fiat Money Any Worse than Fiat Poverty?"). Among a group who discussed Mr. Foster's article was gloomy Richard Waldo, president of McClure Newspaper Syndicate. Books reviewed included Wages and the Road Ahead by General Motors' James David Mooney, The Dow Theory...
...United States, as compared with those of last year, indicate a drop in enrollment of 4.5 per cent for full-time students, and of 7 per cent in total enrollment. The figures for this year, however, are slightly higher than the corresponding ones for 1927, so that the level has been substantially maintained, fluctuations disregarded. Furthermore, there is reason to believe that the attendance at Junior colleges has increased as that at the universities has decreased. Regarding the situation broadly, the institutions of higher learning are little affected by the depression...
...months President Hoover and James Clawson Roop, his budget director, had been whittling and pruning at Federal expenses in an unsuccessful effort to level up outgo and income without resorting to new taxation. Director Roop, a large, round-faced man through whose tight lips pass nothing but a pipe stem, practices none of the noisy drama of the first occupant of his office (Charles Gates Dawes) or the publicized penny-pinching of the second (the late Herbert Mayhew Lord). Few U. S. officials see their President more often or more easily than Mr. Roop. Yet, utterly modest...