Word: excessive
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Dates: during 1940-1949
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...towards occupied China. By importing gold bullion from the U.S.'s oversupply and buying in occupied areas with gold, the flow can be reversed. The consumers goods . . . necessary to stiffen the Chinese internally will flow into the free interior. When sold for China dollars they will help reduce excess purchasing power. This is possible because of Jap puppet administrators' corruption. If goods are not movable, they can be destroyed where bought...
...figure. With imports of molasses cut off by the lack of tankers, corn is the major source. The entire production would require 200 million bushels of corn a year. At that rate the Commodity Credit Corp. cannot long continue to supply the corn, and farmers want to use their excess stock to feed the 13 million increase in the U.S. pig population. Again munitions compete with food...
There was always the excess-profits tax, said Maine's Senator Ralph O. Brewster. "We still hope the rich will not get richer out of this...
...back up these charges, the Committee trundled out stacks of figures, batches of examples. In all cases handled through Feb. 27, the Army had allowed net profits (before taxes) ranging from 0.4% to 22.1% of sales. After income and excess profits taxes averaging 70%, the low man would be almost broke while the high man would have about 6% net profit on sales. This big spread made little sense to the Committee, makes less sense to businessmen. The Navy Board was more consistent, allowed profits (before taxes) of 5.6% to 16.6% on net sales...
Technically these men run institutions that are conservative to a fault. Against 4,000-odd bank failures in 1933, there were only nine last year. Bank deposits (up to $5,000) are insured by FDIC. Though excess reserves are down, member banks carry $13 billions with the Federal; and behind the Federal is the Treasury's $22 billions in gold...