Word: deficits
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Dates: during 1920-1929
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...This time it is not in Russia, out West, or in the East Indies, but it is in the nearby town of Foxboro, Mass. A prominent citizen has led in a "New Civilization" movement which allows passengers in the busses to pay whatever fare they wish. Each week's deficit on the bus line is so much smaller than the loss of the preceding week that it looks as if the "New Civilization" might soon support itself and extend its activities to other commodities...
...editorial in the CRIMSON of May 2, discussing the possibilities of successful government management of mines, the argument of the inefficiency of government management of industry in general was used, illustrated from the experience of the Canadian Government in managing the Canadian Northern Railway. The article implied that the deficit of $70,000,000 in 1920 on account of this railway was due to government mismanagement...
...been in control in peace times of all the important railways except one,--and the only one to make expenses since the war has been the one remaining in private hands. In 1920 the Canadian Government lost $70,000,000 in operating the roads; and in 1921 another huge deficit coupled with the $100,000,000 interest which had to be paid, cost the Dominion half its income. The attached shipping enterprise under government control has also caused grave losses, the capital lost in ships estimated at about one-half...
...purpose of the change was to cover the deficit and to increase the salaries of the professors. Over eleven hundred votes were cast and a 567-548 majority for the affirmative recorded. While these results are far from conclusive, the heavy voting indicates wide-spread interest. From the vote itself the fact that a majority voted for increased tuition is a sign of idealism at Princeton worthy of its noted graduate and president. But in our opinion the minority-were right--although for different reasons perhaps than those for which they voted. Granted that there are many men in college...
...institution of learning which was not in need was not doing all it should. . . . Universities, if successful, must be beggars, and the better work they do the more they must beg." Dr. Lowell also explains the principle on which tuition fees were raised last year to meet a deficit...