Word: exceeds
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According to section 315-A of the Fordney -McCumber Tariff Law (.passed in 1922), the President is empowered to alter the tariff rates on any commodity either up or down, not to exceed 50% of the statute tariff. The action may be made by proclamation after an investigation of the costs of production in the U. S. and in the country which is our principal competitor in a given commodity. Within the limits set, the President is authorized to set new tariff rates sufficient to offset the difference in cost of production between the two countries. This...
There is one most important and encouraging feature in the plan for limiting enrolment just published by the Committee on Admissions. The enrolment is limited. Excluding dropped Freshmen, the number of candidates to be admitted to the College and Engineering School will not exceed 1000. This is surely a large number, larger than the record breaking one last fall. Large enough to prevent any accusation of narrowness...
...laughed at the new promoters with indifferent scorn. He said they could not pos-sibly make money if they gave $500,000 to the fighters. He calculated that $600,000 would be the maximum receipts under most favorable circumstances, whereas expenses, including the $500,000 would approach, if not exceed, $1,000,000. Mr. Raymond is figuring on $2,000,000 receipts...
...none of these. In-deed, the Memorial clock has the distinction of keeping not even it's own time consistently. Gaining twenty minutes in three hours is a world's record which not even Jules verne could equal--but ordinarily, from day to day, its little variations do not exceed five or ten minutes...
...provision of the act in question was the so-called "recapture" clause. By this clause the Interstate Commerce Commission, after fixing freight rates and a fair rate of return on the assessed valuation of each road, may "recapture" one-half of the earnings of any road which exceed such a "fair return." The rate of a fair return has been fixed by the Commission at 5.75% per annum. The moneys received by the Government under this provision of the Act are placed in a fund from which loans are made and equipment leased to railways, the purpose being to bolster...