Roosevelt Budget Deficit Forecast Sees Big Spending Rise
President Roosevelt warned of a larger deficit this year as revenue estimates were cut by 256 million dollars bringing expected income to 8.85 billion. Spending would exceed prior plans by 21 million, totaling 7.34565 billion, with 200 million set aside for debt retirement. Net deficit projected at 695.245 million, versus April forecasts.
MENTIONED IN THIS ARTICLE
Ett Zane
Roosevelt
Isen
Public Works Administration
Reconstruction Finance Corporation
Pioneer Emergency Agency
Hig
Congress
Treasury
Washington
Ballance
Frio
Tax policy shifts loom in federal deficit debate
A broad tax reform debate unfolds as lawmakers seek to widen the tax base and trim exemptions. Senator LaFollette proposes cutting personal exemptions to raise revenue, while discussions surface on repealing capital gains taxes and altering the undistributed profits tax. The budget outlook shows a large deficit, with historic figures cited from 1916 to 1943 amid Treasury tax revision debates.
MENTIONED IN THIS ARTICLE
Treasury
LaPolielle
P, Wis
LaFollette
King
Utah
Senate Finance Committee
Congress
Pontiac 1938 pricing announced by N J Klingler
N J Klingler, Pontiac general manager, announced new pricing for 1938 models under a revised structure. The six and eight cylinder lines will start from about 2.5 percent above 1937 ranges, with increases ranging from 2.4 to 8.2 percent, reflecting refinements and higher costs. The policy includes factory quoted prices for items previously billed separately, such as standard accessories, safety plate glass, duco fenders, and the factory ready charge, totaling 63.50 on the six and 62.00 on the eight.
MENTIONED IN THIS ARTICLE
Pontiac
N. J. Klingler
Klingler
Potley
Patel
Ransom Paid in Kidnapping Case Reveals $50,000 Result
FBI official M Ladd said the Ross family paid $50,000 ransom for Charles Ross the retired greeting card manufacturer. He declined to provide payment details and offered no further information on the kidnapping case.
MENTIONED IN THIS ARTICLE
Chicago
M. Ladd
Federal Bureau of Investigation
Charles 8. Ross
Ross
Ladd
Quoted factory price shift reshapes 1937 38 comparison
The article notes a price accounting change affects how to compare 1937 and 1938 quoted factory prices. It cites a six door touring sedan as fastest seller, detailing price rises from 1928 to 1937 and 1938 with $63.50 worth of accessories included in 1938. The result is a $21.50 difference after adjustments, a 245 percent increase from August prices.
Abduction Case Prolongs as Family Seeks Word
The Ross family believes they have definite proof they were in contact with the kidnapers 24 days after the disappearance. Mrs Ross set a Tuesday deadline for word from the abductors and had heard nothing by press time.
From Low Mood to Cannery Venture in Ardmore
Shelby Priddy, once broke and jobless in Ardmore Oklahoma, started a tiny emery near his home by canning neighbors vegetables and taking a small toll. The idea found a market and now he supplies canned goods to several grocers in the area and prospers.
MENTIONED IN THIS ARTICLE
Ardmore
Okla
Shelby Priddy
Also Mentioned on This Page
Penusu
Penney’s
Penney Company
Penney
Vera
Cretonne
Belle Isle
Melton
Brown
Black
Louise DeBoer
Prettly
Centralregon Lake
Cobb
Hope
Olis
Tol-E-Tex Oil Co
East
Hope Territory
Usls
E.C. Brown & CO. Cotton Merchants
Walnut Street
South Shaver Street
Hewham
Foster & Borden
W. Division St
America
Hope, Arka
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