Word: surpluses
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Dates: during 1920-1929
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What does this mean? It means the smallest wheat crop in eight years. It means a wheat crop so small that it should just about equal our wheat consumption-perhaps fall slightly below it, leaving no surplus for export. It means that, even if wheat prices are low abroad, they will be high here. It means that farmers will get good prices for their wheat-even if they have not a great deal to sell...
...will it affect politics ? It will probably lessen the political pressure to institute a grain-exporting corporation with governmental capital to dispose of our wheat surplus abroad. This year there will be no wheat surplus...
...Argument for these reductions is based on a forthcoming Treasury surplus. Mr. Couzens guessed, since the amount of surplus is not yet known or exactly predictable, that it would be about $400,000,000. He estimated that about $166,000,000 of this would disappear with the reduction of the "nuisance" taxes, something less than $10,000,000 by the exemption of incomes under $5,000 and the remainder by the reduction of surtaxes. The abandonment of taxes on capital gains and losses might even operate to increase Federal revenue. In detail, the argument concerning the proposed changes...
...bonds or preferred ahead of it. The whole business has been built out of its extraordinary earnings. Five years ago, Wardell's five henchmen invested among them a meagre sum in the business. On May 5 last, the Company expanded its capital structure and distributed some of its surplus, in the course of which the five were handed cash to the extent of $4,000,000 and securities worth $8,000,000-the return on their original investment. Most of the five put practically nothing into the business; in 1920, they paid for their stock with notes, paid...
...University has no money to spend on developing new plants for graduate schools, nor would it be wise at present to devote surplus sums, if on hand, for such a purpose. Something, however, can be done. Certain of the graduate dormitories can be apportioned for this school. The Law School and the Medical School enjoy this sort of privilege. When the Business School makes its exodus from Cambridge to the other bank of the Charles, more dormitory accommodations will be available. Then indeed the Graduate School of Arts and Sciences may come into its own; but until that millenium arrives...