Word: excessive
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Dates: during 1930-1930
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I.C.C. Most startling, most important of the Commission's eleven recommendations in its report was that for the repeal of the recapture clause of the Transportation Act of 1920. Under this provision the I.C.C. was authorized to take one-half of a carrier's profits in excess of 5.75% and deposit them in a Federal fund for the use of weaker roads. So bitterly have the roads fought recapture in the courts (the famed O'Fallon case turned on it [TIME, May 29, 1929]) that the Commission has collected only a scant...
...beginning next July 1, will require an estimated expenditure from the Treasury of $3,932,842,411.07, totalling $221,000,000 more than what was appropriated for 1931. The excess is due to $100,000,000 asked for the Farm Board, and increases in the Veterans' administration costs, as well as large additions to the Shipping Board and roadbuilding program for unemployment relief...
...second thorn concerns the act of Gillette directors in selling stock to the company at a price far in excess of the present market. A group of minority stockholders sued for damages because of this, threatened to restrain the merger until they were assured that approval of the deal does not waive the directors' liability. The directors claim that all but one have taken back the stock at the same price the company paid, that the single exception is King Camp Gillette, who last week was too ill to be approached on the subject...
...will fly the 821 mi. between the U. S. and Bermuda, landing there by courtesy of Imperial Airways, which holds exclusive air rights on the islands. Imperial will fly the 3,699-mi. route between Bermuda, Azores and England in two daylight jumps, requiring an average cruising speed in excess of 130 m.p.h. At last report, Aeropostale had won from Portugal the exclusive rights at Horta, Azores (TIME, March 3). Observers last week predicted Aeropostale would gladly yield entry in return for a part in the transatlantic system...
...breathing, carbon dioxide taken into the lungs from the blood helps (via the brain) to stimulate the lungs to expand and contract. Based on this physiological fact is the principle of giving cases of electrical shock, and now (experimentally) pneumonia cases, a little lung-stimulating carbon dioxide with the excess of pure oxygen for the blood...