Word: surpluses
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Dates: during 1920-1929
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...that their contracts had been authorized by the Argentine Congress and are binding, even mandatory upon the Treasury. The essential fact is simply that President Hipolito Irigoyen is the absolute and irresponsible "political boss" of Argentina. When he chooses to pay there will be no difficulty, for receipts and surplus in the Argentine Treasury are adequate, even above normal. Friends of Argentina hoped that "Irigoyen's Whim" would not become "Irigoyen's Folly...
Exceptional in its character, Commercial National has also been exceptional in its progress. The bank was formed with capital stock of $7,000,000 and surplus of $7,000,000. A late June statement showed deposits of $76,589,035.84, undivided profits of $886,351.04. At this rate the bank, at the end of its first year of business life, will have attracted more than $150,000,000 in deposits and earned more than $1,500,000. It has about $40,000,000 in cash on hand...
With a 185-million-dollar surplus showing on the Treasury's books for fiscal 1928, talk of income tax reduction waxed in Washington last week. President Hoover commented cautiously: "We are giving careful study to the possibility. . . . We all hope that the situation may work out. . . ." Secretary of the Treasury Mellon: "There may be reasons against it." Chairman Smoot of the Senate Finance Committee: "Nothing doing!" Tennessee's Senator McKellar: "Such a surplus would not have been possible but for the amendment introduced by me" (publicity for tax refunds...
Debt. Most important problem of the week was France's debt to the U. S. A. matter of 400 million dollars is owed by France for surplus war materials, due on August 1 unless France should in the meantime ratify the Mellon-Berenger agreement for funding the whole French debt ($4,025,000,000). The French deputies, anxious to avoid ratifying any debt agreement at all as long as possible, ingenuously asked Prime Minister Raymond Poincare to request more time from Washington. Dutifully M. Poincare instructed Ambassador Paul Claudel to interview Secretary of State Henry L. Stimson. Dutifully Ambassador...
Potent was the bank of America-Chatham-Phenix consolidation. It created Fourth Largest Manhattan Bank (after National City, Guaranty Trust, Chase-National Park). Combined capital of the two banks is $38,500,000; combined surplus and undivided profits are $53,082,662 ; combined total resources...