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...During the Harding Administration Thomas Woodnut Miller, Alien Property Custodian, was on the fringe of the "Ohio Gang." As the liquidated assets of American Metals Co., seized during the War, he paid $6,453,979 to a German capitalist named Richard Merton representing a Swiss concern. As his "fee" Merton turned $441,000 in Liberty Bonds over to G. O. Politicians. Of this sum $50,000 was traced to Miller who claimed he received it as payment of a debt the party owed him. Other amounts went to Jesse Smith. Attorney General Harry Daugherty's henchman, and to Connecticut...

Author: /time Magazine | Title: THE PRESIDENCY: Sneakers & Rubbers | 2/13/1933 | See Source »

Henry Ford acted characteristically. Day after he shut his plants, the London Evening Standard published an interview with him, given by transatlantic telephone at 6 a. m. (Detroit time): "The actual truth is that certain bankers are trying to obtain control of the Ford concern. Certain of my competitors are operating against me, supported by these bankers, with the object of preventing another Ford car from leaving the factory. . . . They succeeded for a few hours. . . . I am going straight out now to clean up the whole affair...

Author: /time Magazine | Title: LABOR: Body Strike | 2/6/1933 | See Source »

...building ball rolling against the dogged opposition of bankers holding delinquent mortgages, landlords with vacant property. The R. F. C. whose friends boasted that it would soon sweep slums out of existence has authorized one building loan of $3,957,000 to a Bronx, N. Y. concern but not one cent in cash has yet been made in advance to commence construction...

Author: /time Magazine | Title: HOUSING: Fordization | 1/23/1933 | See Source »

Most interested in Boots was Mr. Hill, already chairman of its two big rivals (Timothy Whites and Taylors) and of Beecham Pills, Ltd. and Veno Drug Co., a manufacturing concern. He agreed to form a syndicate to buy the Boots stock for $25,000,000. London was agog with tales of a gigantic combine and happy over the prospects of having so big a concern come home to roost, laying its dividends on British soil. The U. S., of course, was pleased in the unique achievement of making a $15,000,000 profit out of a foreign investment. And then...

Author: /time Magazine | Title: GREAT BRITAIN: Boots | 1/23/1933 | See Source »

Since Jugoslavia is France's Man Friday in Balkan politics and since Jugoslavia adjoins Albania it was the Jugoslav Minister in London who rushed around to the British Foreign Office last week, filed excited warning that "the Jugoslavian Royal Government views with gravest concern the situation now arising in the Balkans due to Italian policy...

Author: /time Magazine | Title: ALBANIA: Speedy Death? | 1/16/1933 | See Source »

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