Word: ruml
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Fiscal Policy. In Manhattan, before the Steel Founders Society of America, Beardsley (pay-as-you-go) Ruml, R. H. Macy treasurer and New York Federal Reserve Bank chairman, discussed U.S. fiscal policy. Said he: fiscal policy is the one important area of Government activity about which business-and the U.S. as a whole-can logically be "apprehensive...
...quick source of revenue yet untapped. With the Administration so far violently opposed to the sales tax, which would clip every voter exactly when it hurt most, this now loomed as the tax issue of the year. The public got ready for a battle that might out-rumble the Ruml Plan fight of last session...
...head the all-girl school. Besides having taught here from 1931 to 1937 and at Radcliffe from 1934 to 1937, the incoming president has had still other connections with Cambridge for he received his Master of Arts and Doctor of Philosophy degrees from Harvard and his wife, Frances Ruml Jordan, was dean of Radcliffe from...
...world burned. But the new 78th poked cautiously along. Besides, there was nothing much to do in the way of legislating on a large scale. "Old Muley" Doughton had the tax bill before his House Ways & Means committee, and after a member had taken sides pro-or-con the Ruml Plan, he could drift on without mental travail-unless he was the serious kind of Congressman who faithfully attended all his committee meetings, answered his mail, ran errands for his constituents...
Then the Congress finally bestirred itself. Up came taxes. The people wanted the Ruml Plan of pay-as-you-go tax collection. The President and the Treasury opposed the Ruml Plan. After two months of angry debate, in which, generally speaking, the oldsters supported the President and the new boys were pro-Ruml, Congress finally passed a bill 75% Ruml...