Word: excesses
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Dates: during 1920-1929
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...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 up the weaker roads with part of the excess earnings of the stronger roads...
...brought by the Dayton-Goose Creek Railway Co., a small road operating in Texas. It reported to the Commission that in ten months of 1920 its profits were $21,666 more than the "fair rate" and that in twelve months of 1921 its profits were $33,766 in excess. The Commission asked the road to remit one-half of these amounts. The railway asked for an injunction to prevent this capture of part of its profits, on the grounds that the "recapture" clause was unconstitutional. The Federal Court for the Eastern District of Texas denied the petition. The railway appealed...
...Confiscation. "Under the Transportation Act the carrier is only a trustee for the excess over a fair return. Though in its possession,, the excess never becomes its property, and it accepts custody of the product of all the rates with this understanding...
Increased inheritance taxes, beginning at 2% on inheritances in excess of $50,000 and grading up to 50% on inheritances greater than $20,000,000 (state inheritance taxes to be deducted against the Federal...
...shipping industry all over the world, as well as the cut-throat competitive reduction in freight rates, forced the failure of the New York and Cuba Mail Steamship Co., better known as the "Ward Line." Liabilities of the Company are estimated at $2,000,000, with assets probably in excess of that figure. The principal trouble with the Company is that it cannot at present operate profitably. This has left it without funds to meet current obligations, and forced its bankruptcy...