Overcharging

Definition and stakes

Addie W. Hunton,  Two Colored women with the American Expeditionary Forces (1920)

“ For one thing, stay-at-home Americans have, quite pardonably, come to the easy conclusion that all the rancor could be explained by overcharging.... As a matter of fact, the amount of overcharging was slight, astonishingly slight, when one considers that there were more than two million spendthrift Americans in France, far from home, overpaid, irresponsible, and loose in an impoverished country. ”
Source: Gutenberg

Burton J. Hendrick,  The Story of Life Insurance — Chapter I, The Surplus…

“ When the Equitable advertises that it has a surplus of $80,000,000. it brazenly makes public its policy of overcharging its insured. The New York Life, in boasting of its $47,000,000.; the Mutual, in boasting of its $70,000,000. lay themselves open to the same charge. An insurance company with a big surplus occupies precisely the same position as a government with a big surplus. In both cases the surplus means the same thing. In a government it means that the people have been overtaxed; in a life-insurance company it means that they have been overcharged. ”
Source: Wikisource

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