Word: centedly
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Dates: during 1920-1929
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...appears in TIME, May 6, contributed by A. H. Bennell, and has deprived me of breath for the moment. Mr. Bennell may be a good underwriter, but as an economist he is simply?well, he isn't. Life insurance agents have not added the 100 billionth part of one cent to the wealth of the U. S. What they have done is simply to gather up, at enormous expense, the tokens of wealth created by others, pile it up in a heap, dole out small portions of the total to their subscribers and let the surplus accumulate. W. BLENKO...
Hoover Increases. President Hoover sought to ease the tension by exercising the flexible provision of the present tariff law and raising the duty on three farm commodities. He raised: 1) Milk from 2½ cents to 3¾ cents per gallon (the new bill-5 cents per gallon); 2) Cream from 20 cents to 30 cents per gallon (the new bill-48 cents per gallon); 3) Flaxseed from 40 cents to 56 cents per bushel (the new bill-56 cents per bushel). At the same time, not for the benefit of the farmer, President Hoover made increases in the duty...
...Transportation Act of 1920 specified that carriers could earn 6 per cent on the value of their property as fixed by the I. C. C. All profits above that figure were "recapturable"-half into the carriers' reserve fund, half to an I. C. C. fund for special loans to less profitable roads...
...excess profits on this basis would have been equalized by the Manufacturers' lack of profits. The lower court sustained the Commission, ducked the question of valuation by claiming that regardless of what method the commission used, the O'Fallon still had profited by more than 6 per cent, so must contribute to the I. C. C. fund. An appeal was taken to the Supreme Court. The I. C. C. added George Woodward Wickersham, Taft-time Attorney-General, to its legal staff...
...ward society bring the matter to the attention of police, who, after due deliberation, decide on the merits of the case. But now, silently, without amendment, national prohibition has arrived. Perhaps a law may follow, declaring a book legitimate of which not more than one half of one per cent, by pages, may be classed as filthy or obscene...