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Cold Chills. Naval Washington was interested in seeing what Admiral Coontz would do and say as V. F. W. leader but political Washington took the Sacramento meeting with comparative equanimity. Of vastly greater concern to it was the national convention next week at Portland, Ore. of V. F. W.'s big young brother, the American Legion. Would the Legion, with its 936,000 members, also plump for immediate payment of the Bonus? It seemed certain to do so. Would wrathful legionaries also succeed in having the convention censure President Hoover for his treatment of the B. E. F? It seemed...

Author: /time Magazine | Title: HEROES: Again, Bonuseers | 9/12/1932 | See Source »

...returned. Last week with three of his old associates the forty-year-old financier incorporated Rogers Caldwell & Co., investment bankers, and opened for business at his old stand in the eight-story Harry Nichol building at the corner of Nashville's Union Street and Fourth Avenue. The new concern has capital of $1,000. Said he: "Fifteen years ago when...

Author: /time Magazine | Title: Business: $1,000 Comeback | 9/12/1932 | See Source »

...group of executives headed by President & General Manager Arthur B. Newhall of the $24,000,000 Hood Rubber Co. last week bought control of their concern from the parent B. F. Goodrich Co. Producer chiefly of rubber footwear, Hood was acquired by Goodrich in 1929 and all Goodrich footwear activities were concentrated in the Hood plant in Watertown, Mass. No sooner had Goodrich made the purchase than rubber footwear sales began to fall. The mild weather last winter dropped sales for the industry to less than one-half of pre-Depression volume. Officials offered no explanation of the Hood sale...

Author: /time Magazine | Title: Business: Goodrich's Cake | 9/12/1932 | See Source »

...increases year after year, insurance men were disappointed in last year's trifling increase in total insurance in force. The $16,400,000,000 of new business was almost entirely offset by lapses and surrenders of policies. There have been only a few life insurance receiverships, among small concerns, during the Depression and the big companies have invariably taken over the policies, in almost every case without loss to the policy holder. This practice is not to save the face of the industry, but because it is profitable business for the strong companies. Large reserves and ultra-conservative investment...

Author: /time Magazine | Title: Business: Giant Insurance | 8/29/1932 | See Source »

...would suppose that Senator McKellar of Tennessee would be greatly interested in every measure designed to improve the purchasing power of the outer world, that his chief and his constant concern would be the restoration of the world economy. But not at all. Senator McKellar's notion of how to serve the people of Tennessee is to treat their customers as if they were brigands. And to what end? That the United States Treasury should continue to exact from their customers payments which, if not received, must be borne by the taxpayers of the United States...

Author: /time Magazine | Title: Letters, Aug. 15, 1932 | 8/15/1932 | See Source »

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