Word: snyders
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Dates: during 1950-1959
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...raise some quick cash. It put up for auction $1,250,000,000 worth of special short-term interest-bearing notes which can be sold back to the Treasury next March or used to pay taxes. Banks and corporations were lining up for the notes so fast that Secretary Snyder planned a second billion-dollar issue soon. He seemed to have found a way to make early tax payments popular...
...postwar settlement with West Germany. The Western Big Three want to end the last occupation controls, substantially restore West German sovereignty. The U.S. hopes for a finished plan by late fall, France and Britain are in less of a hurry. ¶Also in Washington met U.S. Treasury Secretary John Snyder, Britain's Chancellor of the Exchequer Hugh Gaitskell, French Finance Minister René Mayer and the representatives of 47 other nations. Gathered to give the World Bank and International Monetary Fund a fiscal year-end review, they were telling stories of inflation and dollar gaps. Gaitskell promised that Britain...
...black for the third time in 21 years because defense spending during fiscal 1950-51 was slower than anticipated, and federal income was greater than estimated: a record-breaking $48 billion. In spite of the surplus, Secretary of the Treasury John W. Snyder went back to deficit financing. He announced that he would borrow $1,200,000,000, use most of it to retire $1 billion in short-term notes. Snyder apparently started deficit financing to try to needle Congress into passing a stiff tax bill. His estimate of the budget deficit in the new fiscal year: $10 billion...
...which was buying up banks and making them branches of Bank of America (some of them in competition with Eccles' family banks). Accordingly, the three agencies notified Transamerica that they would not permit it to "branch" any more banks. But this united front, said Eccles, ended when John Snyder took over the Treasury. In 1946, Snyder's Comptroller of the Currency let Transamerica spread the empire, and Snyder's friend, Sam Husbands, left RFC to run Transamerica...
...biggest source of inflationary pressure-with heavier excise taxes on consumer goods. It provided only a $1.3 billion boost in excise taxes, v, the $3 billion the Treasury had sought. In boosting income taxes, the committee tailored its formula to favor the lower-income groups, although Treasury Secretary John Snyder had said the biggest boost should be made there. The bill...