Word: expendable
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...introduced in 1916 to appropriate a part of the huge profits realized by American capital because of the European War. It at first encouraged extravagance on the part of corporations, who found it more profitable to expend their excessive income on advertising and "goes will" than to pay such high taxes. The inadequacy of the system lies in the fact that sufficient revenue cannot be realized from it now that war profits no longer exist...
...probable that accommodations for one complete unit of the school will be erected there. The greater part of the Andover Theological Seminary land and the Palfrey Estate will be used for an instruction shed, and such additional recreation facilities as become necessary. The Government expects to expend a sum of $350,000 on the construction of these barracks and school buildings...
Professor Channing has compiled some figures which go to explain the comparative ease with which we now expend so large a portion of our wealth. In the Civil War times our national debt at no time exceeded three billions. Today it has more than tripled that figure and shows every sign of increase. But in 1865 our total of accumulated wealth amounted to only sixteen billions and our annual production was less than six. Today our accumulated wealth has grown to 187 billions, and our production exceeds forty. Figures may lie, but in this case they go far toward explaining...
...true to that everlasting spirit of youth, which in nations as in men leads to the accomplishment of stirring deeds, and the overleaping of the slow ways of commonsense. But in this war, which is one without romance and without chivalry, we have no resources of any kind to expend in a show of gallantry. Those boys, almost young men, who are not called on nor needed by our armies, will find the best way of helping their country in continuing the course of education they have begun, fitting themselves to be strong and honorable...
...collections for any or all of those scientific subjects which have or may hereafter have application useful to man,' and by aiding needy students in pursuing those subjects. The request is made that the name 'Gordon McKay' shall be permanently attached to the purposes for which the income is expended. There is no requirement that the income shall be expended for any particular department of the University, but Harvard must invest and care for the principal of the fund, expend the income and carry out the purposes of the trust. It may not delegate these duties to any other institution...