Word: curtailing
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Postmaster General Summerfield's shock treatment for Congress in threatening to curtail sharply postal service will probably get him the money he needs to operate his department for the remainder of the fiscal year. While Congress is acting on his request for $47 million, Summerfield should also reemphasize the need for an increase in some of the postal rates in order to place the Post Office Department in a sounder financial position...
...this had boosted the annual opera packet to $6,000,000. Last fall the government announced that it would press for a law establishing the subsidy at a flat $4,000,000 yearly. This would not affect the music, said economy-minded Budget Minister Adone Zoli, but would merely curtail extravagant choreographic and scenic effects...
Johnny Appleseed. The argument over bigness was only a whisper compared to the uproar over tight money. Even if few understand all the complexities of the Federal Reserve Board actions to curtail credit buying, everyone in some way felt the effects. Business borrowing costs soared as high as 6% as FRB's discount rate on loans to member banks was raised to 3%, the highest point since the 1930s. Home mortgage rates jumped from 4½% to a peak 6% in some areas. As housing starts slipped to 1,100,000 in 1956, down 200,000 in a year...
...Harvard Fund, which conducts a continual appeal for unrestricted funds, will sharply curtail its requests after August 31, 1957, he said, so that most available resources will be channeled into the Program. The Fund will resume regular solicitation after July 1, 1958, while the Program enters its final "mopping-up" stages...
...Necessary Evil. The fact that so many shows are sold out for months in advance to benefit theater parties makes it easier for the scalper to operate, since the parties drastically curtail the supply of available tickets. In its first 3½ months, for example, 54 out of the 120 Fair Lady performances were completely sold out to benefit parties. At the non-benefit performances, 80% of the balcony and 20% of the orchestra seats are sold through direct-mail requests. At best, the 70-odd licensed ticket brokers divide up the remaining 650 orchestra seats, are legally entitled...