Word: underlying
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Dates: during 1920-1929
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So complex are the Budget's figures that President Hoover prepared for his own use a simplified compilation, grouping expenditures under functional heads, rather than by departments and bureaus. This "personal budget," as the President called it, showed how each dollar of Government money will be divided:
Riot and bloodshed had occurred in what Secretary of State Stimson characterized as "an exceedingly serious situation." President Hoover, alarmed, sent a special message to Congress, asked for another commission of investigation. Since 1915 when President Vilbrun Guillaume Sam was publicly butchered* and revolution and carnage reigned, the U. S...
Last week's troubles originated with a strike in October of students at Damien Agricultural School, whose "bonus" allowances the government had reduced. Anti-Borno politicos seized upon this strike to spread the gospel of unrest through the canebrake country. A general strike began to gather momentum. At the...
Cited by the Commission were two such holding companies: Alleghany Corp. controlled by the Van Sweringen interests (Nickel Plate, Erie, Pere Marquette. C. & O.) and Pennroad Corp., controlled under a voting trust by the president and two directors of the Pennsylvania Railroad.
Warned the Commission: "The Pennroad Co., by acquiring stock control of a railroad, can bring it under common control with the Pennsylvania without itself controlling or being controlled by the latter carrier as such. . . . Common control can be effected by a chain, one vital link in which is made up...