Word: effecting
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...which the rate increases were based. In the second place, the benefit from rate increases was modified adversely by the refusal of some of the states to accept the rate scales prescribed by the Federal Commission. This controversy is now before the Supreme Court. In the third place, the effect of the wage increases granted in 1920 by the Railroad Labor Board and the effect of the working rules of the national agreements entered into by the Director General in the last few months of Federal control, were underestimated. In short, the additional revenues were overestimated and the additional expenses...
...respect to the effect upon the railroads' net income of a substantial decline in traffic, Professor Cunningham declared that it is greater than is generally thought. "A simple arithmetical illustration," he explained, "will make the point clear. If the volume of traffic, upon which the rate increases were based, is taken at 100, the operating expenses at 70, the taxes at 5, and the interest, rentals and other charges as 15, the remainder of 10 is the surplus available for dividends, improvements or reserves. But instead of 100 units of traffic and revenue, the railroads are now offered...
...seeking authority to make further advances in rates, may be mentioned and then dismissed," he said. "For this expedient holds out no promise, as the rates, as a whole, have now reached a level above which certain commodities will not move, and passengers will not travel. The net effect would probably be to lose more through further curtailment in traffic than would be gained by higher charges on the traffic that must move. The second expedient is to seek further operating economies. There are opportunities in that field, but it has been and is being earnestly cultivated...
...agreements. The railroads are now pressing their petitions before the Railroad Labor Board, and there is likely to be some reduction in wage rates, particularly as regards unskilled labor, which profited to the greatest extent by war conditions, and in working rules. Much publicity has been given to the effect of these restrictive rules. It is not necessary for me to refer to them in detail, but as one example might be cited the case of an important eastern trunk-line, to which these rules alone are causing an additional yearly expense of $14,900,000, a sum sufficient...
...following system for signing up for University tennis courts will go into effect after vacation. On Jarvis Field 18 courts, all of one side of the field, may be reserved. The other courts and Holmes Field will be open as in the past. Men can sign up, on the day on which they are to play, for not more than one hour's use of the courts between two and six o'clock. The list will be left in Hemenway Gymnasium until the afternoon, when it will be taken to Jarvis Field...