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...will be no pool to stabilize the market, then disband, but a real investment concern, buying bonds to make a profit. While A. S. I. C. was expected to concentrate on first-class bonds, all values rebounded last week on the psychology that at last firm bottom had been found. The following cross-section of the bond-market showed last week's lows and the closing prices two days after A. S. I. C.'s formation...

Author: /time Magazine | Title: Business: One Hundred Millions | 6/13/1932 | See Source »

...three hours. At 10:30 a.m. he told the Cabinet he would address the Senate at noon, an impromptu procedure such as none at the White House could recall witnessing. From a special platform set up at the reading clerk's desk the President voiced his grave concern over depletion of the nation's gold reserves; appealed for economy of $400,000,000, support of his relief program (see below); urged speedy passage of a general manufacturers' excise...

Author: /time Magazine | Title: THE PRESIDENCY: Publishers & Pork | 6/6/1932 | See Source »

...Inquisitor tossed this question into the proceedings during the last of the Mayor's two sessions on the stand. Publisher Block, according to testimony brought out at an earlier hearing, had been interested in a Brooklyn concern which planned to sell tile to the city subways. The Mayor affirmed the revelation of his amazing generosity with a shrug of his shoulders, called it a "beneficence," said that he always took his gains home in cash and put them in a safe-"not a vault, not a tin box." Publisher Block's gift, instead of damaging the Mayor, appeared...

Author: /time Magazine | Title: STATES & CITIES: His Honor's Honor | 6/6/1932 | See Source »

Publicized into overemphasis, U. S. college football has long been a subject of concern to wise-headed educators. Last year Columbia's President Nicholas ("Miraculous") Murray Butler urged that rich alumni endow football so that football could forget gate-receipts. Said he: "Perhaps what is needed is an academic League of Nations. . . . Until something of this sort is done Columbia must remain one of those colleges which pays the penalty." (TIME, Jan. 5, 1931). Few other university officials agreed with President Butler, but at the University of Pennsylvania President Thomas Sovereign Gates last autumn inaugurated a system...

Author: /time Magazine | Title: Education: Yale Deflates | 6/6/1932 | See Source »

...programs of the two organizations would hardly confuse the policies of the Liberal Club and the National Student League. The first was founded in 1919, to be guided by the "animating" ideal of "the open mind," and has since then only rarley become actively involved in struggles that concern the "outside world." The National Student League, however, was born of the depression, among the students of our large city colleges where economic pressure on the undergraduates is strongest. Harvard has proved so far to be barren soil for this radical plant. The American university man is in general apathetic...

Author: NO WRITER ATTRIBUTED | Title: "Radical Autocracy" | 5/17/1932 | See Source »

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