Word: commonly
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Dates: during 1930-1939
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What President Roosevelt apparently wants is for the utilities to adopt the prudent investment basis voluntarily. Among the specific cases the President gave to point his moral was a ferryman on the Thames during Queen Elizabeth's reign. Under common law she could have valued the boat at $500, if that was its worth, and based his rates accordingly. If he had paid $1,000 for the boat, it was his own error and loss. Another Roosevelt example was a run-down electric plant in Georgia with a few miles of line, a few decrepit boilers worth...
...want them. Although there are 4,000 U. S. bookstores, only 500 carry full stocks and buy directly from publishers. If all regular bookbuyers were organized into a club, it would be high-hat in the Deep South, slightly less in the Middle West, not exclusive in California, downright common in Boston and a mass organization in New York, where booksellers, publishers, authors, reviewers and readers are concentrated. The aggressive price-cutting department of R. H. Macy's department store does almost five per cent of the U. S. retail book business, ten per cent of New York...
Thus Mr. Lippmann clearly plans no unrestrained freedom for the economy. But instead of bludgeoning it through overhead control, he lulls its ogres into submission by applying the soporific "social control by the common...
...wealth produced should not be taken by taxation and used to insure and indemnify human beings against their personal losses in industry." Mr. Lippmann does not say whether he regards the Social Security Board as an agency of overhead control or a method of social control by the common law. He indorses public works, the development of water power, insurance against industrial risk--all in the name of social control...
...Lippmann never realizes that he has written a powerful endorsement of the New Deal, he does recognize that his agenda requires the establishment of commissions with power. How to explain these cases where the liberal agenda appears to be at odds with the liberal method of control through a common law interpreted by judges...