The Philatelic Agency, for the fiscal year just ended on June 30th, reports stamp sales totaling $1,945,000. No doubt the greater part of this was bought for hoarding and speculation, which is probably the reason that recent commemoratives issues are selling along Nassau Street like sand at the Pyramids.
- George B. Sloane
July 31, 1937
Posted November 5, 1999
Editor's Note: Yes, Virginia, the fiscal year of the U. S. government used to end June 30. As a result of continuing inability to agree on a budget, the fiscal year was extended by one quarter (so-called transitional quarter) to end at the end of September in 1976. It still seems that Congress can't be bothered with addressing its budgeting responsibilities in a timely fashion.
Index of 507 Notes from the Past
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