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Last March, by act of God and the frailty of human works, 350 persons were killed when the St. Francis dam in Ventura county, Calif., burst. Last week, the city of Los Angeles and the county of Ventura, basing the value of life upon the earning power of the dead, made settlements to heirs of between $11,000 and $20,000 per victim. Some heirs, dissatisfied, were suing for as high as $100,000 per adult victim, $35,000 per child victim. A firm of Stockton lawyers was asking one-third of these sums for handling the suits...

Author: /time Magazine | Title: National Affairs: In California | 10/29/1928 | See Source »

Twelve years ago, when President Irigoyen was inaugurated for his first term (1916-22), the crowd burst through police ranks, unhitched the horses of the presidential carriage, and drew it themselves slowly down the Avenida de Mayo to Government House. Then Dr. Irigoyen beamed with pleasure at the plaudits and waved high & wide his hat. Last week, confident of his power and surfeited with adulation, he sped down the Avenida in his limousine, so briskly that the mob had scarcely time to see or cheer...

Author: /time Magazine | Title: Foreign News: President Inaugurated | 10/22/1928 | See Source »

...transition to a new and sober era is not going to be easy. The American people are in a mood of invincible optimism. Three years ago they were speculating in Florida real estate and finally that bubble burst. They then speculated in urban real estate. . . . Now they have turned to the stockmarket, where prices of the stocks of mail order houses, chain stores, motor companies and soft-drink firms are selling on a basis to yield half as much as the obligations of the U. S. government...

Author: /time Magazine | Title: Business & Finance: Bull, Bear, Lion, Lamb | 10/15/1928 | See Source »

Motoring to Elizabethton from the rail-road station at Childress, the Nominee's motorcade was delayed by street-jaming crowds. Factory whistles droned. Bands played "California, Here I Come" and "Dixie." Bombs burst in midair. The cheering was continuous. There was no heckling...

Author: /time Magazine | Title: National Affairs: Speech No. 4 | 10/15/1928 | See Source »

Smoke Clouds. Near Stuttgart, Germany, guns spit up bombs; the bombs burst in air and from them spread wide layers of smoke clouds. Flyers in planes could not see terrain or buildings below the smoke. The device seemed a good protection to the Germans against an inimical air attack...

Author: /time Magazine | Title: Science: Devices | 10/8/1928 | See Source »

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