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"You have been invited to create a temporary organization . . . to counter act the effect of the recent panic in the stockmarket. . . . The cure for such storms is action. . . . No movement to reduce wages. . . . The greatest tool of stability is construction and maintenance work. The improvements and betterments and general cleanup...

Author: /time Magazine | Title: National Affairs: Good Old Word | 12/16/1929 | See Source »

Muscle Shoals. "Such parts of these plants as would be useful and revenues from the remainders should be dedicated for all time to the farmers of the U. S . I do not favor the operation by the government of either power or manufacturing business, except as an unavoidable byproduct. ... [I...

Author: /time Magazine | Title: National Affairs: State of the Union | 12/9/1929 | See Source »

Reorganization. "Reorganization is a necessity of sound administration. . . . The presentation of any specific plan enlivens opposition from every official whose authority may be curtailed ... of citizens who are selfishly interested. ... All administrative activities should be placed in groups under singleheaded responsibility ... while quasi-legislative and quasi-judicial functions should be...

Author: /time Magazine | Title: National Affairs: State of the Union | 12/9/1929 | See Source »

For, last week, pausing in Manhattan en route to Chicago, Sir Henri had said to newsgatherers: "We will continue to sell and meet competition in the States or wherever it arises. We never have compromised and we never will. . . . We create no price wars but we are able to, and...

Author: /time Magazine | Title: Business & Finance: No Oil Compromise | 12/9/1929 | See Source »

Having arrived at the convention, Sir Henri made what is reputed to be his first formal speech, talked on "Common Sense in the Oil Industry," said no more about his "no compromise" position. Said he: "The idea that it might be possible that the 'collecting department' [that which supplies the...

Author: /time Magazine | Title: Business & Finance: No Oil Compromise | 12/9/1929 | See Source »

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