Word: outgo
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...well wonder if the $900,000 on the expense side of our ledger can be wisely expended on athletics. Although money paid out by the Athletic Association reaches this large total of $900,000, several major items in this sum cannot be regarded as expenses. Many items of outgo are offset by much larger items on the side of income, and without such expenses there would be either no income or less profit. For guarantees to visiting teams we pay $284,008.98, but teams would not travel from New Haven or any other place to play for nothing, and without...
...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...
...Reported also last week was the state of Democratic national finances for 1931.* Income: $1,032.267; outgo: $1.030,486. The committee borrowed from its chairman $122,000, bringing the Raskob loans up to $345,250; from County Trust Co. of New York (of which Mr. Smith is board chairman) $835.318 largely to refinance earlier obligations there. Individuals contributed $68,781 during the year. Largest amount: $25.000 from Vincent Astor, owner of much real estate in Tammany town...
...make matters worse, other sources of revenue were also dwindling, and Government expenditures were constantly increasing. Customs receipts were $128,000,000 behind last year; miscellaneous taxes were down another $38,000,000. Outgo for fiscal 1931, now almost three-quarters over, was $200,000,000 larger than for the comparable period last year. The total of these circumstances spelled only one word: DEFICIT. President Hoover last December estimated the shortage at $180,000,000 for next June 30. Soon he revised it up to $350,000,000. When Congress passed the Bonus Loan bill he boosted...
...attempt to equalize the income and outgo of the various sports at Purdue University, the officials have arrived at the conclusion that minor sports must be sacrificed if the profits of football are to be kept intact. Problems of a similar nature have confronted various other institutions, but this is perhaps the first instance in which a solution of such a cold and calculating nature has been offered...