Word: virtually
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Directly after the Revolution, Russia passed through a period of so-called "War Communism" characterized by virtual abolition of money and attempts to apply the Communist maxim "from each according to his ability and to each according to his needs." Today Russia is back on a money and piecework basis, but is not back on a Capitalist basis, the distinction being that no private employer is permitted to amass any considerable wealth...
Chief result of the luncheon was a virtual agreement to place control of the rubber industry in the hands of one man. As was expected, the one man picked was Mr. Bishop. His qualifications are long banking associations with the industry (onetime director of Cleveland Trust) and his position (through Continental) as one of the biggest rubber investors. When Continental made its rubber investments it was adhering to its policy of buying only into basic industries. Founder Eaton is believed to have had some ultimate plan of co-operation among the rubber rivals similar to that started last week...
...sight of a member of the Union League club demonstrating a tap-dance were these lines in the august New York Times fortnight ago: "Five planes brought dozens of machine gats from Chicago Friday to combat The Town's Capone. . . . Local banditti have made one hotel a virtual arsenal and several hotspots are ditto because Master Coll is giving them the headache. One of the better Robin Hoods has a private phone in his cell...
...public credit of the U. S. Government for the private credit of U. S. finance and industry; 2) the Federal Reserve Board?Governor Meyer, Adolph > Miller, Charles S. Hamlin, George R. James, and Wayland W. Magee, together with Secretary Mills and Comptroller of the Currency Pole? was made a virtual dictator of U. S. currency and hence U. S. economics for one full year...
...University of Chicago, under the leadership of its original-minded President Butchins, set up last fall a virtual educational Utopia for its entering class. Eager students and interested instructors were to cooperate in an earnest and, on the part of the former, practically independent quest for knowledge. No examinations, no grades were to hamper the work until, at length, the individual student felt himself ready to take a series of comprehensive examinations which would graduate him to the senior section of the university. What is to happen then is still a little vague since no one has as yet taken...