Word: excesses
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Dates: during 1920-1929
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...round figures, the railroads of the United States represent an investment of about $20,000,000,000. During the three years prior to the war, the average income available for a return on this investment was slightly in excess of 5 percent. Going back several years farther the return was even less. Expenses had increased steadily, due partly to the growing power of certain labor organizations, and slight increases in rates were obtained only after protracted contests. This condition did not permit of sufficient dividends or additions to surplus to support general railroad credit, and as a result even...
...provision that individual roads which earn more than 6 percent on the value of their property should share the excess with the Government--this being commonly known as the recapture clause...
...been entirely successful. In August, 1920, the Commission fixed rates which, it was expected, would yield the railroads 6 percent on their value. If there had been no depression in business this result might have been attained, but in 1921 the aggregate return was only slightly in excess of 3 percent. The recapture provision has not yet been an issue as few roads have earned in excess of 6 percent. The provision as to rate divisions has been the subject...
...During recent months automobile output has been making new high records, altogether in excess of any heretofore reached in the second half of any year. There are no evidences that demand will suddenly diminish during 1923, and the present prospects are that sales will reach high figures next year. During the present year production capacity has increased, and very great extensions of automobile plants are now nearing completion. One thing that seems certain is that the automobile industry in 1923 will reach an unparalleled pitch of competition. Probably there will be notably fewer competing automobile firms in 1925 than there...
...have seen babies bashfully refuse to perform before grown-ups, in the same way, even when cookies are offered as reward; sucking their fingers, smiling at their elders, and scraping the ground with one foot is an excess of embarrassed shyness...