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Updated: June 27, 2025
In view of the uncertainty in respect of future revenues and the comparatively small size of the indicated surplus in 1931, relief should take the form of a provisional revision of tax rates.
More, by the accident of its placing he had seen the towers and the pinnacles of a city whose walls and towers seemed plated with gold. "The Fifth-Dimension Catapult" see the January, 1931, issue of Astounding Stories. Having gone so far, he had devised a catapult which literally flung objects to the surface of that incredible world.
The blanching or bleaching of the London fogs, by the improved methods of consuming smoke, must be a very fine thing for the dwellers in that overgrown city. We hear, however, of one old lady, a duchess, who thinks the fog now to be very vulgarly pale; and regrets the good old days of what she thought a much more picturesque gloom. October 3d, 1931.
The young emperor of the Hsüan-t'ung period, after the Japanese conquest of Manchuria in 1931, was installed there. He was, however, entirely without power during the melancholy years of his nominal rule, which lasted until 1945. In 1912 the Manchu dynasty came in reality to its end.
The estimate submitted to me by the Secretary of the Treasury and the Budget Director indicates that the Government will close the fiscal year 1930 with a surplus of about $225,000,000 and the fiscal year 1931 with a surplus of about $123,000,000. Owing to unusual circumstances, it has been extremely difficult to estimate future revenues with accuracy.
The infallible Church, however, still persists in its opposition and in the Encyclical of Pope Pius XI, published in January, 1931, it is said, "The conjugal act is destined primarily by nature for the begetting of children. Those who, in exercising it, deliberately frustrate its natural power, and purpose, are against nature and commit a deed which is shameful and intrinsically vicious."
A few months later, in June, 1931, she wrote in the course of a letter to Martha Root: “Both Ileana and I were cruelly disappointed at having been prevented going to the holy Shrines ... but at that time we were going through a cruel crisis, and every movement I made was being turned against me and being politically exploited in an unkind way.
The estimate submitted to me by the Secretary of the Treasury and the Budget Director indicates that the Government will close the fiscal year 1930 with a surplus of about $225,000,000 and the fiscal year 1931 with a surplus of about $123,000,000. Owing to unusual circumstances, it has been extremely difficult to estimate future revenues with accuracy.
The present fiscal year, however, includes $150,000,000 for the Federal Farm Board, as to which no estimate can as yet be determined for 1931. Owing to the many necessary burdens assumed by Congress in previous years which now require large outlays, it is with extreme difficulty that we shall be able to keep the expenditures for the next fiscal year within the bounds of the present year.
It is estimated that this will result in a reduction of $160,000,000 in income taxes to be collected during the calendar year 1930. The loss in revenue will be divided approximately equally between the fiscal years 1930 and 1931. Such a program will give a measure of tax relief to the maximum number of taxpayers, with relatively larger benefits to taxpayers with small or moderate incomes.
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