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...House voted 11 to 5 to report granting independence to the islands. Some of those voting for presenting such a measure are opposed to granting independence at present, but voted favorably merely to bring the matter up. A subcommittee was delegated to draft the measure with two basic provisions: 1) that the U. S. was to have the right to a naval base on the islands, and 2) that there should be suitable guarantees for the payment of Philippine bonds most of which are held in this country. Democratic and radical sentiment is largely in favor of granting independence...

Author: /time Magazine | Title: National Affairs: Philippine Ills | 3/17/1924 | See Source »

Several causes for the break are already discernible. The basic cause is that the French have not really balanced their budget and have financed deficit after deficit by issuing more internal government notes and bonds. This load of debt, which it was hoped would soon be lightened by the receipt of German reparations, at length became top heavy. Speculators began to sell francs "short" in anticipation of a decline. The conservative investor, to avoid losses, sent his balances abroad, and a "flight of the franc" ensued...

Author: /time Magazine | Title: Foreign News: Franc Smash | 3/17/1924 | See Source »

...industry. Many of the Company's present difficulties he attributes to the policy, now proved mistaken, of stocking too heavily; low leather prices and a three-years' depression in the tanning industry have consequently entailed severe losses. Mr. Childs, however, philosophically pointed out that tanning is a "basic industry" and bound to recover sooner or later. Subsidiary lumber companies did well last year in earnings and business, furnished almost the only bright spot in the 1923 statement...

Author: /time Magazine | Title: Business & Finance: Central Leather | 3/10/1924 | See Source »

...appears to have certain advantages. The much-advertised "intelligence tests," now in use at Columbia and other universities would give each candidate a rating as to native capacity or "mental efficiency." The School record would indicate past performance. The New Plan examinations would test his specific knowledge of four basic subjects. Quite ideal...

Author: NO WRITER ATTRIBUTED | Title: THREE IN ONE | 3/10/1924 | See Source »

With such a situation existing it is scarcely encouraging to realize that the feeling for exclusiveness is still basic and determining--that the average undergraduate still believes that he can attain distinction for himself by extinction of others...

Author: NO WRITER ATTRIBUTED | Title: REVOLT VS CONVENTION | 2/18/1924 | See Source »

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