Word: normal
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...circumstance that, when Federal control terminated, Congress enacted a new law, known as the Transportation Act of 1920. The law was designed to restore the railroad carrying power, and provided for a transition period of six months in which the railroads could put their properties and organizations on a normal operating basis, while the Government continued its war-time guarantee of net income equal to that of the average of the three years prior to the war. During this transition period the railroads presented their petitions to the Interstate Commerce Commission, asking for rate increases, which would insure...
...been radically curtailed. Locomotive and car shops have been partly or wholly closed, and programs for renewals of ties, rails and ballast have been reduced to a fraction of the requirements. Obviously this is deferred maintenance, which must be made up at increased cost later on. And, besides, when normal traffic is resumed, the equipment, in a poor condition after war service, will be in an even greater state of inadequacy...
From studying the European situation we conclude that there will be normal, pre-war market for several years, and for that very reason, I believe, business depression will be extended." Such was the interesting statement made by R. W. Babson, noted economist and statistician, in a recent interview for the CRIMSON...
...Babson's office. American business prosperity started on its upward path in 1915, and reached its apex in 1920. The lowest point of depression will be reached in June of this year, and from then will begin a steady improvement, which will bring business back to the normal again in 1925. "In 1915," explained Mr. Babson, "we were due for a time of prosperity, but nothing like the immense growth we had. At present, however, I can see no hope for a big spurt in business...
...nationalization, socialization and communization which last is only a development ad infinitum of the principles of the first two. None of these schemes accomplish the result he had hoped for, and Taylorization--making production 100 percent efficient--served only in raising Russia's output to 25 percent of the normal. The absurdity of his last scheme--that of using the water powers of the Ural Mountains to generate free electricity for the whole country--would seem to indicate that his dreams are already falling...