Word: premium
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Dates: during 1920-1929
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Highlands, New Jersey, was once a sleepy fishing village the Gopher it is the center of the rum landing industry. The shipyards are crowded, Prairie of the Jersey marshes. Now new boats slip down the ways every day, and ship builders are at such a premium that skippers and their crews have to do their own repairing. Under cover of darkness or fog, dozens of swift motorboats ply between Highlands and the Bahama rum fleet anchored off the coast...
...Farge then demonstrated that, although English shipping is not now subsidized, there is no need of it because of former subsidies which succeeded in putting the industry on its feet. Schwarz then pointed out that the ship subsidy is neither economically nor financially sound, but simply places a premium on inefficiency...
...occasionally followed of announcing courses as given in alternate years could be made a fixed rule. Such procedure might add to the burden, already heavy, of the compilers of information, but the assistance it would contribute would be almost invaluable particularly in these days when Divisionals have put a premium on certain courses not invariably given...
...issuing of paper flat money and its subsequent redemption occupy an outstanding position. The solution of such financial difficulties as are occasioned by the too extensive issuing of inconvertible paper money has generally been found either in complete abrogation of its value or in reduction at a premium from a paper currency to a specie basis. Such was the case with the French assignats of the 1790's and the Continental currency issued during the American Revolution. But although confidence in modern Russian currency has dwindled so that it takes a million rubles to buy a dozen eggs, the present...
...conditions have changed since 1920. Labor is no longer at a premium; the unorganized miners are making money while fully half the union men are idle. In many places the unions are said to be losing men because of their demands. Furthermore, the coal operators accuse the union of trying to bolster up wages by a non-competitive market, and insist that the retrenching of other industries requires lower priced coal--an impossibility with higher priced labor. So far the operators surely have right on their side. But the contracts call for a conference, and these same operators, by refusing...