Word: muchness
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Dates: during 1920-1929
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Behind this impersonal phrase, recurrent in all news of U. S. finances, stands a very round, very jolly, very careful man named Joseph McCoy. In his so's, Mr. McCoy is the Government's actuary, the Treasury's chief gazer info 'the fiscal future. How much will the U. S. collect next year in income taxes? Mr. McCoy scratches with a pencil, adds, subtracts, consults a sheaf of papers, brings forth an answer. How many cigarets will be smoked? How many men will die to leave large estates? How many shares of stock will change hands? On all these matters...
...particular interest are the estimates on Surplus and Deficit?figures much mouthed in Congress and on the political stump. Whether the Treasury estimates are accurate or not is highly debatable. Secretary Mellon can quickly prove that Mr. McCoy's errors as a fiscal forecaster are negligible. At the Capitol, the Treasury's actuary can be and often is made out a worthless prophet. But there is no disputing this fact about Mr. McCoy: if and when his estimates err, it is on the cautious side?over for Deficit, under for Surplus. Perhaps his merry mien is due in some measure...
...Bank of France. Surprising credence was achieved by a wild rumor that Mr. Young contemplated the resignation of his friend and protege, Seymour Parker Gilbert, as Agent-General of Reparations and had in mind as his successor M. Moreau. On the assumption that Germany really cannot pay as much as France is sure she can, it might be well for the French government's chief financial adviser to find that out for himself in Berlin. Persistent rumors apart, there was no reason for supposing that Mr. Young leaned toward any such assumption...
...need not be much impressed by the fact that Mr. Gibson's country, a sea power, agrees to declare its disinterestedness in the question of trained land reserves...
Some of the tourists observed that in the midst of the uproar the other sentry and horse shifted never so much as an eyeball...