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...failure to reopen after the March holiday, that was clearly Detroit's own fault, said the Senator. Treasury officials were refusing to grant clean bills of health to any unsound bank and Detroit had been unable to agree on a reorganization plan. It was poppycock to claim that the banks were and still are solvent, snorted the Senator; months before they closed their solvency "was a matter of question"; if First National had written off the $49,000,000 that Federal examiners labeled losses, it would have been "hopelessly insolvent" in May 1932. Asked why the bank...

Author: /time Magazine | Title: Business & Finance: Couzens on Detroit | 8/28/1933 | See Source »

...FAULT OF ANGELS-Paul Horgan -Harper ($2.50). In spite of strong indications to the contrary, the U. S. still believes that Culture is a hot-house growth and can be fertilized with filthy lucre. When a tycoon turns angel and takes under his wing the perishable eggs of Art, many an ugly duckling, many a dubious chick, come squawking in to get a share of the pickings. The late Kodak tycoon, George Eastman, brooded to such good purpose that he hatched some fine, large eggs. In The Fault of Angels Author Horgan tells a story whose background is the Eastman...

Author: /time Magazine | Title: Books: Kodak Culture | 8/28/1933 | See Source »

About 22% of all U. S. public school children have poor eyesight. This is not entirely their teachers' fault or the fault of the buildings in which they study. But the percentage might well drop if schools were better lighted, and if busy teachers did not have to be relied on to raise and lower windowshades. So argued Engineer D. W. Atwater of Westinghouse Lamp Co. in a lecture at New York University fast week advocating a light-control device for schoolrooms. In a metal & glass cabinet affixed to the wall is a photoelectric cell adjusted to snap...

Author: /time Magazine | Title: Education: Light-Conditioning | 8/21/1933 | See Source »

...confronted by Madam Secretary Perkins and General Johnson, backed down on the company union provisions of their code, thus permitting the dispute to shift to the coal fields where they hoped to fight it out obliquely. Though her major target thus disappeared, Madam Secretary Perkins had many another serious fault to find with the steel code. She flayed its low pay and long hours so effectively that the steel code was sent back into conference for revisions. Fagged by her efforts and Washington's heat, Miss Perkins dropped out of public sight for a week to catch her breath...

Author: /time Magazine | Title: LABOR: Truce at a Crisis | 8/14/1933 | See Source »

...Stella, it looks as though Victor's addled-headed loyalty to his clan would soon produce an ugly situation. He recovers his presence of mind just in time for a reconciliation with Stella, a few sharp words to his meddling relatives. Curiously, Another Language suffers from the same fault that was in the cinema version of The Silver Cord-overemphasis. As though he feared that his audiences would miss the point, Director Edward H. Griffith made all the minor Hallams monsters instead of people. At the two Hallam parties-in which most of the action of the play goes...

Author: /time Magazine | Title: Cinema: The New Pictures: Aug. 14, 1933 | 8/14/1933 | See Source »

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