Word: wiped
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...Paul had a few other points, obscure to laymen, which made the Ruml plan obnoxious to him regardless of how many nice things he said about it in passing. His chief worry: forgetting about 1942 taxes would wipe out a $10,000,000,000 Treasury "asset." No, this "asset" was not on the Treasury books. No, the Treasury would not have the money until tax payments came in during the year. No, the Ruml plan would not reduce the Treasury's income this year by a single penny. But Mr. Paul was worried about his mysterious "asset" anyway...
Bulk of the charges were made by representatives of Economic Stabilizer James F. Byrnes and Price Administrator Prentiss M. Brown, who have petitioned ICC to wipe out railroad rate increases made early in 1942 to meet mounting labor costs. These increases in costs were more than offset by the big increase in railroad operations which resulted in spreading overhead and raising profits. The rates, according to OPA, are now endangering many a price ceiling, and are resulting in wholly unjustified profits...
After debts are scaled down still further Young wants to push consolidation, figures his four roads "go together naturally." But before any consolidation can be made, at least two big problems must be solved: 1) how to wipe out $25,000,000 back dividends on Nickel Plate preferred; 2) what to do with $70,000,000 Alleghany Corp. funded debt...
...hour, minimum pay 70? an hour. The proposed reduction in rates based on current traffic would reduce the railroads' gross income by $500 million per year; the wage increases, if granted in full, would add some $600 million to their payrolls in 1943. These two actions would wipe out all railroad profits in sight for next year...
...founded station was responsible for the unfortunate silence. In the belief that the suspicions of his staff would seen be proved true Robert S. Kieve '43, president of the Network, last night cast down the gauntlet to the usurpers of Harvard radio peace. "We are now making plans to wipe WLP completely off the face of the dial," he thundered...