Word: surpluses
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Dates: during 1920-1929
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Revenue 23,054,000,000 francs Expenditure 22,151,000,000 francs Surplus 903,000,000 francs
...production has thus been doubled without a substantial increase in drilling operations. These factors naturally led at first to overproduction, low oil prices and depression. But even though this is only temporary, the physical limitation of our ultimate oil supplies will be bound in the long run to curtail surplus production...
That the American government should sell some of its surplus ordnance to that authority in Mexico who alone for some time has brought stability, progressive reforms, and international recognition to a neighboring country where every second child seems born a revolutionist seems beyond question. The de la Huerta faction, as far as it knows its own purpose and reveals it, seems to aim at a lawless control by the military and privileged classes. While indiscriminate aid to a foreign power is admittedly unwise, aid to the Obregon government is judiciously extended. Criticism on openly pacifistic grounds is perhaps excusable...
...first glance the prevalence of extra dividends would seem to indicate no small optimism on the part of American companies toward business prospects for 1924. When breakers ahead are sighted in the business world, spare funds are thriftily stored in the surplus account, not thrown about like confetti...
Since the armistice there have been many plans, both successful and the reverse, for exporting American surplus capital abroad. Few of them, however, have provided that American executive management should also be exported with it to look after it. The result has been that this country has purchased many foreign bonds, some of which were good, and several of which have been not so good...