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...Court ruled that it must be deposited in a Mexican bank. To add to Eagle's woes, the Mexican Government abruptly issued a sweeping decree that all concessions of State lands to Eagle were "unconstitutional and against the best interests of the Republic." This looked like a body blow but it was in fact just another feeler. As Eagle's British President John Alexander Assheton promptly pointed out, all Eagle's oil comes not from conceded State lands but from land privately owned. However, according to the original concession, Eagle had the right to import supplies duty...

Author: /time Magazine | Title: MEXICO: Eagle's Troubles | 2/25/1935 | See Source »

...blow of last week's reverse to National Government was especially heavy to young Tory statesmen like Oliver Stanley, whose family has provided statesmen since 1385. If even the Church of England is plumping for a "Square Deal" in 1935, where will these young Tories be 20 years hence, when their elders of today lie in honored graves? Just now two other young Mayfair statesmen comprise with Major Stanley the outstanding trinity of coming non-Laborite leaders...

Author: /time Magazine | Title: Foreign News: Dole Rout | 2/18/1935 | See Source »

...tube is really a double tube, one inside the other. The inside tube or "lung," made of two-ply fabric, floats free under normal riding conditions, has a single small vent through which air escapes slowly when a blowout bursts the outer tube. Thus, it converts the blow-out into a slow leak, allows the driver to continue a mile or more with safety. Chief reason for the venthole: it permits equalized inflation of the two tubes...

Author: /time Magazine | Title: Transport: Blowout into Leak | 2/18/1935 | See Source »

...Solidest blow aimed at the Court itself in this year's battle was Senator Borah's charge that politics rather than law determines its judgments. For proof he pointed to its 1931 verdict against a German-Austrian customs treaty, when the judges divided according to the diplomatic and commercial interests of their native lands. But Senator Johnson voiced the popular argument when he cried: "We are dealing today with one simple proposition-shall we go into foreign politics ? . . . Once we are in, it does not make any difference whether we are in a little way or whether...

Author: /time Magazine | Title: THE CONGRESS: Up Senate, Down Court | 2/11/1935 | See Source »

...this secret conference began in Nanking, Shanghai was gloomier than at any time since the Twenty-One Demands. Last year Japan delivered a quiet, crushing blow to Chinese industry by forcing Generalissimo Chiang to lower tariffs on leading Japanese exports to China and up tariffs on leading imports from the U. S., Britain and Russia (TIME. Aug. 20). So slick and silent was that double-edged trade victory that it made scarcely any news in the Occident. Say glum Shanghai tycoons: "To China the new tariffs are as disastrous as the loss of three provinces." Last week they shivered...

Author: /time Magazine | Title: CHINA-JAPAN: Again, Demands | 2/11/1935 | See Source »

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