Word: costs
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Dates: during 1930-1939
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...Hydro-Commission had made four major, long-term contracts with power companies in the Province of Quebec. Liberal "Mitch" roared his opinion that these were foul, false and stank. Ontario, he claimed, had contracted for more power than she could use and at too high prices. It would cost the Province some $400,000,000 over a period of the next 40 years to pay what she owed under these contracts-so in effect "Mitch" simply tore them up by having his Parliament pass the Power Act of 1935 by which he declared the contracts "illegal, void and unenforceable...
...airmail snarl can best be explained by this syllogistic sequence: 1) the airlines cannot get along without airmail subsidy; 2) airmail contracts are let competitively to the lowest bidder; 3) therefore airlines often have to bid so low to get the contracts that the airmail subsidy literally costs them money. A perfect case in point took place in July when the Post Office Department opened the bids for four new airmail routes. The minor run from Cheyenne to Huron, S. Dak. went to Wyoming Air Service, for the realistic bid of 19.8? a mile. To be sure of getting...
Meanwhile railroad operation costs have jumped on four fronts this year: 1) Cost of materials and supplies, particularly coal, are up about 12%, or $125,000,000. 2) Taxes, including those under the Social Security Act and pension laws, have risen $70,000,000. 3) New State laws, such as those limiting train length and increasing train crews will cost $12,000,000. 4) A 5?-an-hour pay raise granted Aug. 1 to 750,000 non-train railroad workers (clerks, signalmen, etc.) will cost $100,000,000. The five big brotherhoods of railway trainmen for a month have threatened...
...these increases went into effect, they would cost the roads $639,000,000, or 95% of last year's net operating income. One-third of U. S. railroads are already bankrupt and others hard-pressed to meet their fixed charges alone. Said Railway Age: "Unless the series of developments now rapidly tending to bankrupt virtually the entire railway system of the U. S. is immediately arrested, the American people may suddenly awaken to a realization that government ownership and operation of railways have become almost or actually unavoidable...
...have more than 3,000,000 acres in States like the Dakotas and Nebraska, which were once the normal breeding grounds for the dm 5, which we are restoring to the natural state of marshland. We have already spent $20,000,000 on the program. Ultimately it will cost about $50,000,000.'' Goal: a minimum of 7,500,000 acres of Federal duck preserves...