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...vessels launched in the mightiest shipbuilding program in history but a few hundred aging specimens remain." Operating subsidies alone may mount under the present law to $15,000,000 or $20,000,000 per year. With luck and $50,000,000 of taxpayers' money solvent lines may launch 65 ships in the next five years. At the moment, the Commission has $200,000,000 available or earmarked. The report concluded: "We are about to start again, not in a riot of enthusiasm, not with an expenditure of billions, but with a carefully planned program that gives due regard...

Author: /time Magazine | Title: SHIPPING: Kennedy Reports | 11/22/1937 | See Source »

...almost astronomical figure to frugal Rutland depositors, that publication of the loss might cause a ruinous run on his bank. With this in mind he gently eased the defaulting bookkeeper out hushed up the fraud, charged the loss to surplus & undivided profits. Consequently the bank pursued a serene, solvent course as did Banker Smith and the discharged bookkeeper. Later that year Banker Smith was elected Lieutenant Governor. In 1934 Vermonters made him Governor. Bookkeeper Cocklin continued as an active member of the Rutland Elks and a power in the American Legion. In July 1935 he was named assistant city treasurer...

Author: /time Magazine | Title: VERMONT: Rutland Fidelity | 12/14/1936 | See Source »

This year the Institute is solvent, with 80 member schools, 3,000 students enrolled at $15 a head. Once more the only holdout was Harvard. So heartened by the proceeds of his successful Ball was Board Chairman Kahn that he planned to revive instruction in sculpture and the Manhattan classes abandoned two years...

Author: /time Magazine | Title: Education: School Ball | 12/14/1936 | See Source »

...Republicans: "Wage earners, you will pay and pay in taxes taken out of your pay envelopes, in taxes added to the things you buy-and when you are very old, you will have an I. O. U. which the U. S. Government may make good if it is still solvent." Said Democrats: "Workers, you will get something for nothing. The boss will have to pay much more than you do, and when you grow old, we will...

Author: /time Magazine | Title: National Affairs: Grand Finale | 11/9/1936 | See Source »

...long years I have been going up & down this country preaching that government-Federal and state and local-costs too much. I shall not stop that preaching. . . . I propose to you, my friends, and through you to the nation, that government of all kinds, big and little, be made solvent and that the example be set by the President of the United States and his Cabinet...

Author: /time Magazine | Title: National Affairs: Record on Record | 10/26/1936 | See Source »

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