Word: offseting
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Such talk from two regular and conservative Republicans sounded almost like heresy to their G. O. P. colleagues. Had Messrs. Reed & Bacharach forgotten that a Presidential election was coming, that any tax increase would handicap President Hoover in that race and make campaign cash collections doubly difficult? To offset their words, Senate Leader James Eli Watson trundled down to the White House, talked long and earnestly with President Hoover about taxation. He emerged to use the White House lobby as a sounding board for his fiscal ideas...
Increased expenditures ($358.000,000) less the Government's economies ($132,000,000) gave Mr. Mills his net increase in 1931 outlay ($226,000.000). Said he: "The increase was largely due to agricultural aid and relief, additional benefits to War veterans and the accelerated governmental construction activities which more than offset other reductions...
Though they were asking for a 15% rate increase on all freight as an emergency measure to offset lost revenues and thereby avert wage cuts, defaults and receiverships, the carriers intimated they had no idea of using such wholesale authority, if granted, to an extreme. Many rates, particularly those on short-haul goods for which trucks compete, would not be changed. What the roads were really after was I. C. C. permission to adjust rates of their own choosing within a 15% range, thereby increasing their operating revenue by 10%. To avoid protracted arguments over individual rates, they consolidated their...
...carriers' move for increased freight rates to offset reduced earnings and avert wage cuts got up more steam last week. Following the Chicago meeting of the Association of Railway Executives for the same purpose (TIME, May 18), 40 members of the Eastern Railroads' Presidents' Conference gathered in Manhattan, named a committee to petition the I. C. C. for a general revision of the rate structure. To the support of the executives came Labor (weekly), official mouthpiece for the 1,800,000 members of the four great railroad brotherhoods. As holders of $1,200,000,000 in rail...
...last Saturday at Providence, and it took the best efforts of two Brown pitchers to confine the visiting nine to 15 bits and a 10 to 2 run victory. The game was a flashy spectacle from start to finish, with the free hitting of the winning Harvard batsmen being offset by the professional in fielding of the Bruin basemen, who staged four fast double plays during the tilt. Mac Hale garnered his second victory of the season over Brown, his delivery proving just as baffling day before yesterday as it did when he helped his team...