Word: basic
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Dates: during 1930-1939
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...being plundered. The prices of the farmers' products are decreasing so his throat is being cut from both ears at once. The only remedy so far in sight, as everything else tried has failed, is to increase the farmer's income by increasing the amount of basic money in circulation...
...passenger train operation is being materially increased by the increased cost of fuel and other supplies under the various NRA codes," the Eastern railroads last week turned down the proposal to reduce passenger fares (TIME, Oct. 23). Eastern railroadmen argued that their average fares were already lower than the basic 3? a mile lately adopted by the Western carriers (presumably because of cut-rate commuters' tickets), that in any event they wanted to see whether fare-cutting in the West actually boosted passenger revenues...
...basic policy of the American government is to prevent speculation in dollar exchange and bring the dollar along closely to the purchasing power in America, a process not unlike that which has preceded stabilization in European countries. Had the President announced this policy without pointing to the commodity standard as one of his objectives, his step would have been halted in conservative quarters as sound and practical...
...that local passenger traffic jumped 50%. Meeting in Chicago last fortnight the Western Association of Railway Executives voted to cut all fares in the territory west of Chicago, St. Louis and New Orleans for a six-month trial period starting Dec. 1. The new fares on all trains: 1) basic one-way fare, 3? a mile against 3.6? previously; 2) round-trip tickets with more than a ten-day limit, 2? a mile. Optional with individual roads is a 2? rate for round trip with a ten-day limit and a straight 2½ ?a-mile one-way fare, good...
...Haven, which derives a bigger pro portion of its gross revenues from passen ger traffic than any other major U. S. road (38%), is flatly opposed to any & all fare-cutting. Observers believed last week that the Eastern roads might soon eliminate the Pullman surcharge and reduce the basic one-way fare to 3? a mile, but would hold the round-trip rate to at least...