Word: costs
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Dates: during 1930-1939
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...annoyance of students in the social sciences and at a considerable cost to the University, books are partly destroyed every year by boys who hold to the tradition of marking them up. The librarians have been resigned to the situation which, in spite of all efforts, they feel, would continue to exist as long as Harvard had libraries. Without attempting active opposition to the evil, the authorities have given up hope of a better...
Liberals, led by aging Associate Justice Brandeis, currently lean toward original cost, but since the case of Smythe v. Ames in 1897 the Supreme Court has steadily upheld the principle of reproduction costs. And the utilities since 1897 have been favored by the reproduction cost theory because prices have been on the rise. But before 1897, when prices were falling, the utilities clamored for the prudent investment basis and were bitterly attacked by the late great Robert Marion La Follette and other progressives of that day for so doing...
...first place was the New Deal's inability to enforce such ideas in the face of the Supreme Court. So-called "yardstick" rates were to be based on the Government's "prudent investment." But the powermen soon found that the Government held down the original cost by the simple expedient of writing off large chunks to such things as flood control or navigation improvement. In the opinion of powermen, who must pay interest on the entire cost of their dams and plants, these write-offs made the yardstick something under 36 inches in length. The President...
...Court last week, two days after the President's proposal was made, came another and significant test case on the old problem of utility rate-fixing. The California Railroad Commission fixed rates for Pacific Gas & Electric which the company contends did not take into due consideration the reproduction cost of the property. Since the new rates would reduce P. G. & E.'s revenue some $2,000,000, the company got an injunction which the California Railroad Commission appealed. The Federal Power Commission then intervened in the case to attempt to convert the Supreme Court to the "prudent investment...
Unruffled, Superintendent Johnson had his office redecorated in the modern manner (cost to Chicago taxpayers: $5,000), subscribed to a clipping service and immediately plunged into a strenuous campaign to try to make a monkey of leading educational opinion. He issued a series of decrees changing the curriculum, setting up separate vocational and academic "tracks" in the high schools, eliminating mathematics from the list of required high-school subjects, directing that pupils do their homework not at home but in the classroom. When infantile paralysis delayed opening of the schools this fall, he staged an education-by-radio stunt. Last...