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Unless deposit guarantee produces a wave of failures among banks that cannot get into the system, thereby forcing repeal of the law, national bankers have no way of avoiding the tax except by leaving the Federal Reserve system. This some sound banks in financial centres would doubtless do except for the numerous disadvantages which nonmembership imposes. Believing that the only hope for the success of deposit guarantee is that the Federal Government may be able to force bankers to be not only good but wise, commercial bankers found themselves standing between the Devil and Deposit Guarantee...

Author: /time Magazine | Title: Business & Finance: New Rules for Bankers | 6/26/1933 | See Source »

...There will undoubtedly be other technical difficulties to be overridden. For instance, the beer cannot nominally be handled by the University Dining Halls, but must be dispensed by the individual House Clubs; prices will have to be adjusted with the benefit of the undergraduates in view; and there will doubtless be inaugurated a Lowell House Stein. The important fact, however, is that the University, after much seeking, has discovered an apparently workable scheme for irrigating the parched throats of its wards; the work of adjustment should now be pressed through, so that the situation may be completely ironed...

Author: NO WRITER ATTRIBUTED | Title: GREAT EXPECTATIONS | 6/2/1933 | See Source »

...students marched along a fine avenue of trees one night last week at the famed Berry Schools in the Blue Ridge foothills of Georgia. They were welcoming visitors-more eminent visitors than they had seen in many a day. From away up North had come one old lady who doubtless would not have made the long trip for any other occasion-Mrs. James Roosevelt, 78, mother of the President of the U. S.- and from Florida had come Mrs. Thomas Alva Edison. They, with 21 other persons, were at Georgia's Mt. Berry on the tenth annual "Berry Pilgrimage...

Author: /time Magazine | Title: Education: Berry Pilgrimage | 5/8/1933 | See Source »

...seriously by society and his hangings-in-effigy after McKinley's death mark the crystallization in the U. S. mind of the idea that Hearst was sinister. The machinery which he built for Bryan he deliberately used later to carry himself toward the White House where he felt, doubtless sincerely, his "new journalism" could best serve The People. The measures he introduced in Congress (1903-07) were truly liberal in conception, but despite his lavish torchlit campaigns for Mayor, Governor and President, his motives were never sufficiently trusted by The People ("Who Think"). Perhaps, eloquent though he became...

Author: /time Magazine | Title: The Press: Hearst | 5/1/1933 | See Source »

...nature indicates that it will try, those who would resist the tendency can rely only on President Roosevelt. Perhaps he foresees such an emergency, since he intends to have the Congressional measures passed bestowing upon him control over the inflation program. To prevent an excessive expansion of the currency, doubtless in the face of public opinion, would conform to the aggressiveness which President Roosevelt has shown since his inauguration...

Author: NO WRITER ATTRIBUTED | Title: THEY MINT WELL | 4/22/1933 | See Source »

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