Word: basicly
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Railroads. The lowest rates consistent with good service. A scientific readjustment of rail rates to encourage agriculture and basic industries. Amendment of present railway laws and of the Railway Labor Board Law when experience shows the necessity. Consolidation of roads. Collective bargaining, mediation and voluntary arbitration. No involuntary settlements of labor disputes. An impartial tribunal to investigate and publish facts of disputes...
...Gillette, being a first-rate business manager himself, proposes a remedy. The basic fault, he finds, with the present system is competition. It makes for endless duplication. The art of selling, including advertising, which occupies many people today is a clear waste which gets the consumer nothing. He calculates that in the U. S. there are 3,552,952 people who are paid, fed, clothed, solely for the purpose of persuading people that one product is bet ter than another. Let's abolish them, he says, or rather put them to producing something...
Trade news continued to reveal a sizeable recession in both production and trade. The basic steel industry in particular has slowed down to a marked degree, and is now operating on about a 60% capacity. In some specialty lines, such as carpets, a real breakdown has occurred...
...goose flesh, has regained its habitual British sangfroid. Financial writers point out London's superior experience in foreign trade and its physical nearness to the world's ports compared with New York's. It has no intention of seeing the dollar usurp further the central and basic position in international trade occupied so long by the pound sterling. On the other hand, America's impregnable strength in gold reserves, and the absence of the gold standard just at present in British international financing, are clearly recognized. In Germany, the question as to whether their new credit...
...Adopted a resolution laying down for the Interstate Commerce Commission "the true policy in rate-making," declaring that agriculture is a basic industry and directing the commission to lower rates on farm products as much as is "compatible with the maintenance of adequate transportation service...