Word: surpluses
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Dates: during 1920-1929
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...Bank & Trust Co. of Chicago in distinction was something that Guaranty officers, clerks, bond salesmen and janitors had expected. It was something they had striven for since last September when their resources were $838,129,668. Last week deposits alone were $842,358,215. Capital of $40,000,000, surplus of $50,000,000, undivided profits of $13,377,018 and other items (notably $96,819,425 in trade acceptances) made up the $1,052,211,198. Fewer than that number of dollars have been the number of minutes elapsed since Jesus was born or modern time calculated...
...Babcock, then chairman of the Mutual Life Insurance Co., was shown that the bank's old charter was very broad, and hence useful. Quickly he reorganized the guaranty & indemnity company as a guaranty trust company. Its capital then (1891) was $100,000, its surplus $720, its undivided profits nil, its deposits nil. Six months later capital was $2,000,000, deposits more than $1,000,000. Thereafter (the corporate name was changed to Guaranty Trust Co. in 1895) growth was sedate, based on insurance policy loans and railroads trusteeships. That is, until Morgan Partner Davison took hold...
...Klotz started the slogan: "The Bosches will pay!" That was supposed to justify the War expenditures of France, however staggering. Also, at the close of the War, Finance Minister Klotz signed a paper which enabled him to buy from the U. S.-on credit-the $400,000,000 surplus war supplies of the A. E. F. in France. Promptly M. Klotz sold this credit-bought goods for cash. They brought so little that ever since France has been repenting his bargain. Today one of the chief perplexities of Prime Minister Raymond Poincare is how he is ever going...
Last June, President Coolidge announced that he was advised there might be a Treasury deficit of 94 millions in fiscal 1929. When Congress met this month, President Coolidge announced he was now advised there might be a Treasury surplus of 37 millions in fiscal 1929. Six days later, President Coolidge announced he had been re-advised, that the Treasury had underestimated by 75 millions the amount it would have to pay in tax refunds. The Treasury was thus seen facing a deficit again...
During the six days between prospective surplus and prospective deficit, the House had voted various appropriations, including a loan of 12 millions to Greece...