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Word: expendiency (lookup in dictionary) (lookup stats)
Dates: during 1924-1924
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Usage:

...main objection to the whole bill is the unwarranted expendi- ture of the money of the taxpayers. It proposes to add more than 25% to the cost of the pension rolls. It is estimated that it would bring the total pension bill of the country to a point higher than ever before reached, not-withstanding it is now nearly 60 years since the close of the Civil War. A generous nation increased its pensions to well over a quarter of a billion annually, and has already bestowed nearly $6,250,000,000 in pensions upon the survivors of that...

Author: /time Magazine | Title: A Veto Message | 5/12/1924 | See Source »

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