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...first importance, and the presence of Counselor of the German Embassy Dr. Hans Thomsen at Union Station did not help. That very day (it was the 2,601st anniversary of the Japanese Empire) President Roosevelt, in a press conference, said that war with Japan would not affect deliveries to Great Britain. Admiral Nomura's first call on Secretary of State Cordell Hull lasted only four minutes; it was an all-time quickie. President Roosevelt was a little more cordial. The Admiral told reporters that the U.S. atmosphere was worse than he had expected...

Author: /time Magazine | Title: JAPAN: Honorable Fire Extinguisher | 9/22/1941 | See Source »

...widespread effect of shortages was a decline in plant maintenance; 23% of the manufacturers had. deferred repairs or normal additions, and most of these businessmen expected the delay to affect them seriously within a year or less. Of the manufacturers 37.7% reported themselves importantly engaged in defense work, illustrating the fact that FORTUNE'S panel is heavily populated with executives of large corporations (since only some 9,200 of the 185,000 U.S. manufacturers hold prime defense contracts...

Author: /time Magazine | Title: OPINION: The Managers and Defense | 9/1/1941 | See Source »

...Gotham Silk Hosiery Co.'s Courtland mill in Philadelphia. Its 600 employes would soon be lost in Philadelphia's defense boom. Quite different was the outlook in North Carolina, where 22,000 hosiery workers face unemployment within two weeks. In Burlington, N.C., for example, a shutdown would affect 6,000 workers, ultimately cut off almost all the town's income. Mill managers planned 1) to stretch silk operations with substitutes in welt and feet, and with a three-day week, 2) to pray for early arrival of fine rayon, and that women will buy rayon hose...

Author: /time Magazine | Title: Silk Curtain | 8/11/1941 | See Source »

...politicians screamed "stooges" at the portfolioists, pointed out that, while Indians have a majority in the Council, the key portfolios-Finance, Defense, External Affairs and Home Affairs-are all held by British officials. Purred Mohandas Karamchand Gandhi for the Indian National Congress: "The announcement [of the appointments] . . . does not affect the stand taken by the Congress nor does it meet the Congress demands." Mahomed Ali Jinnah, who is thinner even than Saint Gandhi and is President of the All-India Moslem League, threatened disciplinary action against those who have anything to do with the Council...

Author: /time Magazine | Title: INDIA: A Nation Girds | 8/4/1941 | See Source »

...accumulate about 42,000 tons of silver (besides the 46,800 tons monetized) which lie unused in vaults. Last week the National Academy of Sciences suggested that OPM put some of this expensive luxury to work for defense by substituting it for tin in solder. This would not affect the price of solder because a blend of 2½% silver and 97½% lead gives about the same results as the standard mixture of half tin and half lead. It would save around 18,000 tons of tin-almost 20% of U.S. 1940 consumption...

Author: /time Magazine | Title: Silver in Overalls | 7/21/1941 | See Source »

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