Word: rateness
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Dates: during 1930-1939
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Meanwhile the prospect that New York might yet be the first State to go in for the wholesale production of power had moved the big power companies that serve New York City to volunteer lower rates. Last week acrimonious hearings were held before the Public Service Commission on the proposal of the New York Edison, Brooklyn Edison, United Electric Light & Power. Bronx Gas & Electric and New York & Queens Electric Light & Power to reduce the domestic rate from 7¢ to 5¢ per kilowatt hour but to add a 60¢ charge to every monthly bill for "meter service." Such a rate...
Governor Roosevelt was quick to see the political effect of upping power prices, under the guise of cutting rates, to a million New York City voters. Said he: "The first principle of utility use is that the small consumer . . . should receive the greatest protection and consideration." The New York Real Estate Board entered objections. Mayor James John Walker ordered his law officers to fight the change before the Public Service Commission, to demand a rate of 4¢ per kilowatt hour and no meter charge...
...political source. "I think," he said, "by the end of this year selected common stocks of the type we have in our portfolio will on the average have regained in market value 60% to 70% of the loss sustained last autumn.* By the end of 1931, or at any rate, of 1932, I expect the average to have, perhaps, even attained the 1929 peak again." Steel. Although Iron Age's prices of finished products are at the lowest since 1922, firmer scrap steel prices are encouraging. The industry as a whole is operating at 54%, against this
...political rather than fiscal importance was last week's tax news at the White House and the Treasury. Congress, at President Hoover's order, cut the normal income tax rate by 1% for 1929 to bolster business. Business did not respond to the cut. Federal receipts ran down hill. Last week Treasury officials compiled figures, frankly told Pressmen that they were quite helpless about a continuation of the 1% reduction for 1930 incomes. For the first 50 days of this fiscal year, U. S. revenue had fallen off $64,261,211 compared with last year, while expenditures...
President Hoover hoped for three things to maintain the lower tax rate: 1) a sudden increase in customs receipts; 2) $75,000,000 economies in his departments; 3) cash instead of security payments by foreign debtor nations to be applied to current expenditures...