Word: surpluses
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Dates: during 1920-1929
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Secretary Mellon of the Treasury issued his annual report last month for use by the Ways & Means Committee of the House in preparing the tax bill. Secretary Mellon reported a $635,000,000 surplus for 1927; predicted surpluses of $455,000,000 and $274,000,000 for 1928 and 1929 respectively. With the U. S. debt still 18.5 billions big, and large Federal outlays in prospect, Secretary Mellon advised tax reduction of only $225,000,000. Other Republicans had hoped for a cut of 300 millions. Democrats had talked of cutting at least 350 millions. The U. S. Chamber...
...thwacking," "rebuking," "assailing" letter (as headlines called it) to President Lewis Eugene Pierson of the U. S. Chamber of Commerce. He told Mr. Pierson, who is a banker, that he was surprised by the Chamber's "misconception of facts"; by its "generalizations" about the surplus, which it had no accurate means of estimating; by downright errors in its figures. "Such carelessness," said Secretary Mellon, "is perhaps excusable in a general discussion . . . Certainly it is hard to defend in a report which furnishes the basis for an at- tack on official estimates. . . . This is hardly worthy of a businessmen...
...Blackshirts, the fifth year also closes with a formidable surplus on the credit side of the ledger. Some events among many entitle it to a place in the history of the Fascist regime: The victorious defense of the lira, the rent laws and the promulgation of the labor charter...
...giants of U. S. industry reported the result of nine months' business to their stockholders last week. General Motors Corp. showed net earnings available for dividends and surplus for the third quarter ended Sept. 30, of $64,508,094 and for the full nine months of the year $193,758,302. Swelled by the cessation of Ford production, the revenue is the largest in the corporation's history and very nearly equals its return for the entire twelve months...
...will meet Harvard this afternoon, opened with the largest enrollment in the history of the institution when 2280 men registered in the various classes and graduate schools. The College is normally adapted to taking care of 2000 students, an had considerable difficulty last month in finding places for the surplus enrollment...