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...City of bamboo. Three thousand villagers were set to chopping the long reeds. Huge rafts of bamboo swept down the flood, were lassoed from the banks as they came opposite the site, and Congress City was soon rising in record time amid the great mogul's cotton and corn fields. Milk is an important ingredient in nonviolent, teetotal Saint Gandhi's politics, and 500 head of cattle were soon creating difficulties among the bamboo stalks, for it is almost impossible for a sincerely pious Hindu to be firm with the cow, a sacred animal. Finally bamboo cages were...

Author: /time Magazine | Title: INDIA: Chariot of Freedom | 3/7/1938 | See Source »

...Corn allotments must be proclaimed by February 1 of each year; that for 1938 "as soon as practicable." Corn crop loans will be granted when the price (currently 73? a bushel in Manhattan) is below 75% of parity on November 15, or if the November crop estimate is excessive. Marketing quotas will be invoked when supplies reach 2,700,000,000 bushels, penalties assessed at 15? a bushel...

Author: /time Magazine | Title: National Affairs: Second AAA | 2/21/1938 | See Source »

...forest fire, chatting with a Georgia chain gang that dug a path for their busses through a landslide. Most fun, however, was a two-taste of farm life in Georgia's Habersham County. After a hearty breakfast of grits, bacon & eggs and biscuits covered with ham gravy and corn syrup, the boys and girls went forth into the fields to string barbed wire fences, lime the ground, scrape roads, chop trees, split logs, ride mules, barbecue a pair of pigs, drive a tractor (until Student Katy Sprackling broke it). They astonished a Georgia farm family by rebuilding its shack...

Author: /time Magazine | Title: Education: Economic Truths | 2/21/1938 | See Source »

...cynosure. But Mr. Connick remarked of Abundance, a nude male figure by David Slivka, that it looked more like a failure of the fig leaf crop; of Occident & Orient, two female nudes by Jacques Schnier, that they would be barred from burlesque; of South American Woman Grinding Corn by Cecilia Graham, that it should be called Woman Bet-Loser Shoving a Peanut With Her Nose...

Author: /time Magazine | Title: Art: Fairs & Furbelows | 2/21/1938 | See Source »

...great number. Commodity Corp. uses the same procedure, but instead of buying stocks and bonds, it buys actual commodities or commodity future contracts. On December 31, 35% of its portfolio was in the warehouse, 65% in futures. It had future contracts to buy or sell in cocoa, copper, corn, cotton, hides, oats, rubber, sugar, wheat, wool and pepper. In the warehouse it held cocoa (179,482 lb.), lead (659,836 lb.), pepper (785,600 lb.), rubber (67,036 lb.), sugar (1,344,000 lb.), wool (51,751 lb.) and zinc (120,046 lb.). An investor who held 2% of Commodity...

Author: /time Magazine | Title: Business: Animal, Vegetable, Mineral | 2/21/1938 | See Source »

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