Word: surpluses
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Dates: during 1920-1929
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Stefani. Alberto de Stefani became Minister of Finance in 1922, since when he has worked miracles for Italian finance, turning a heavy deficit into a surplus. Opposition to him crystallized last spring when he issued certain decrees regulating Stock Exchange transactions which, however brilliant in theory, were disastrous in practice...
...year which ended June 30, 1924, the Post Office ran a deficit of $12,000,000. The annual deficit had been decreasing since the War. When Congress passed the pay and rate increase measure last spring, there was a prospect of a $3,000,000 surplus this June. Because of the new law (pay was made retroactive to Jan. 1 and increased rates did not begin until April), the Post Office showed a deficit at the end of the year (June 30). The deficit, not yet calculated, is estimated...
...merestly guesses" that next June 30 will show a deficit of $40,000,000. If so, it means that the Treasury's estimated surplus of $290,000,000 next June must be reduced to $250,000,000. It means, also, that there will be more squabbles and more tinkering with postal rates and that, if any change is made, the rates will probably be revised upward...
...Surplus...
...when Western farmers burned their surplus corn for fuel. Today, even the waste products of the corp crop are utilized in as thorough a manner as Chicago packers devised for dealing with hogs and cattle years...