Word: costs
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Dates: during 1930-1939
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Heartsick Leader Rayburn let antique Adolph Sabath bring up the Housing bill. And again the knife fell, as Republicans Mapes and Wolcott brought figures to show that Housing under this bill would cost taxpayers not $800,000,000 but $4,380,000,000 in the next 60 years. Showman Martin of Massachusetts stepped aside to let a freshman Democrat, handsome young (31) Albert Arnold Gore of Carthage, Tenn. deliver the coup de grace. Gore, who got his law degree from the Nashville Y.M.C.A., roared in his maiden House speech...
...White House in 1941. Candidate McNutt, now Federal Security Administrator charged with supervising expenses of State unemployment insurance systems, forgave his overzealous friends but, embarrassed by talk in the U. S Senate, ordered the Indiana board's Federal funds cut by the amount the pamphlet's printing cost, said he believed it had been prepared before he took office. Cried he: "God knows I don't want any Federal money spent in promoting me personally...
...produces enough dollars every year to make the income of U.S. Steel Corp. look like chicken feed." He might have added that it is not much more profitable as a business. As long as three out of four eggs are a byproduct of general farming-produced with little direct cost-competition keeps prices down to a level where there is little profit in the business for most specialists...
President Grace made some other matters equally clear. He put cost savings on continuous mill production at $6 to $8 per ton of sheet and strip, added that Steel's hard-boiled Detroit customers have now chiseled every last cent of this profit out of the steel price, admitted that the sale of the balance of 1939 auto steel going at May's cut prices (TIME, May 22) was more a pious hope than the gloomy admission it sounded like...
...maneuvers did not save the Tennessee Valley for Commonwealth & Southern (whose remaining operating companies still represent more than a billion dollars in assets). But he did something else. He took the case of the utilities to the public. He articulated the argument against public ownership, generating power regardless of cost, and the argument for private ownership, under regulation, selling power at low rates and making a decent profit on its capital invested...