Word: ruinous
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Dates: during 1920-1929
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...Gould system started in 1857 with a terrific war of control against E. H. Harrlman. It was the era of mad railroad construction when fortunes awaited the successful builder. Such success was achieved chiefly by ruinous competition; and miles of torn tracks, hundreds of crushed investors, unceasing litigation, hectic legislation, and deserted boom towns marked the Gould-Harriman tornado...
During the holidays, hearings were held on this bill by a joint sub-com- mittee of the Senate and House Post Office Committees. The publishers in force attacked it with a great fanfare of protest; they said it was ruinous, they said second class mail had been wrongly accused of causing a deficit. Postmaster General New declared that the bill was fair and absolutely necessary if postal pay was to be increased...
...submitted a proposal for increasing postal rates. His proposal was designed to take only about $10,000,000 from the grumbling publishers, collecting about $66,000,000 additional from the mail-using public as a whole. Publishers at once cried out that even the increase proposed would be ruinous to many a publication. He suggested increase of rates...
...opponents of the cash option declared simply that the immediate burden of paying cash would be ruinous to the Government finances...
Needless to say there are good arguments for disarmament. A competition in armies and fleets is ruinous to a country's prosperity; it undermines good relations; and large fighting forces are at least a partial spur to attack. Recognizing these facts the Disarmament Council met in 1921 and established a valuable new regime But to argue that this country should not keep up to its quota or should disarm completely as an angelic example to the rest of the world is utter nonsense. For disarmament does not preclude war, and until the seed of war is completely removed, no nation...