Word: moneyed
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Dates: during 1930-1939
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Social Security having paid out only $11,000,000 on old-age benefits (to Dec. 31 last) is rapidly piling up a huge reserve. By 1980, as the act now reads, the reserve would amount to $47,000,000,000 (about seven times the amount of money now circulating...
Aside from the bleeding, dying and bereavement, one result of war is that while it impoverishes most people, some people make money out of it and a few make a lot of money. Last week no less than 50 U. S. Senators, enough to pass any bill, revived the idea of "taxing the profits...
Winners of the Coolidge prize which was augmented this year by the addition of the Lee Wade II speaking prize money, will be selected after the practice debate on April 24. Prized are $100 for first place and $50 for second place...
...MONEY & BANKING...
...interest in Pacific States to have access to its list of investment certificate holders. Next they set up a company called State Guaranty Corp., peddled its preferred stock to Pacific States' certificate holders. Odell acted as fiscal agent, taking a 20% commission on these sales, thus getting enough money to purchase control of State Guaranty's common stock. And with the money it raised State Guaranty bought up all the capital stock of Pacific States...