04 Sep 1936
Page 1
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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Sep 04, 1936
Page
1
The Times-Enterprise comments on Georgia politics including Talmadge and the senate race. It condemns kidnapping threats in the community, urges civic action, and notes school book funding and state aid while urging vigilance and justice.
The piece argues visitors from the south see a restless anti Roosevelt mood yet acknowledge real improvements under the administration. It criticizes sectionalism and defends fairness in federal relief, warning against meddling in official investigations and urging unhampered police work.
George Tucker visits New York figures from boxing to golf and baseball. Jimmy Johnston faces a mystery visitor named Two-Finger Joe. A British correspondent mocks God Save the King while watching a political rally. Gene Sarazen jokes about his fame on a South Seas cruise. Cliff Melton and manager Jack Ogden trade punch incentives as he returns to baseball.
Treasury experts warn that despite public optimism on no new taxes, the debt will rise as expenditures exceed revenues. June 30 gross debt stood at 33.78 billion, or 31.10 billion after cash on hand, with 1935 receipts about 3.80 billion and outlays 7.38 billion leaving an 3.575 billion deficit. For 1936 the forecast excess expenditures are about 3.235 billion, a reduction from 1935 but still large.
The article notes revised estimates for 1937 and 1938 revenue and expenditure, including loss from processing taxes, and a billion-dollar reserve gap. It discusses a potential balanced budget by 1938 or 1939 as prosperity raises tax receipts and debt retirement grows. It mentions the two-billion-dollar bonus payment not part of the forecast and the lag between income and outgo before surplus can build.
The text notes total war debt was 25 478 592 000 dollars on August 31 1919. In ten years about 10 759 308 000 dollars, a bit more than a billion dollars per year, was paid off. It suggests repeating this feat would need a similar period of prosperity and taxation.
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