Word: unsound
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Dates: during 1920-1929
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...After a long fight, a bill finally passed the legislature and went to the Governor for his signature. The Governor is the husband of Mrs. Gifford Pinchot, who is active on behalf of women in politics. The former law, passed in 1834, provided that women, infants and persons of unsound mind could not be imprisoned for nonpayment of taxes...
Particularly did Mr. Ford condemn the present tendency of manufacturers to scramble for men and materials by bidding up commodity prices and wages, as not only unsound from the individual manufacturer's standpoint, but dangerous to the continuance of present prosperity. He characterized the prevalent desire to "do two years' business in one " as " killing the goose" and he stated that, although the Ford Company had orders to make 10,000 cars a day, he " did not propose to strain his production facilities by such methods...
...general consensus of opinion indicates that the recent expansion in production and distribution has reached its peak. Nevertheless, previous fears that this expansion would broaden into a reckless and unsound speculative movement are less keenly felt. The principal markets seem to have attained an equilibrium, and the question now is, whether present industrial and mercantile activity can be maintained throughout the year...
...reason for his belief is that high surtaxes drive wealthy men to invest their money in tax-free securities and non-productive enterprises, and to seek every permissible means of avoiding the realization of taxable income. The result is an unsound industrial condition and actually a decrease in revenue...
...recent interview with a CRIMSON reporter. "No great increase in the volume of trade is possible because both labor and plant are already fully occupied throughout the country," he said, "while an increase in the volume of credit would lead to an increase in prices and a generally unsound state of affairs...