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...their frosty Thanksgiving morning, Chicagoans massed in the parks of the Midway, along sidewalk and gutter, all facing toward the University of Chicago's Gothic chapel, as the sound of bells from no direction that one could fix filled and emptied the air, now eerily fading, now resurging like a seashell's roar, brassily clanging, diminishing, mellowing into silver chimes. It was the University of Chicago's first carillon concert. In the 200-ft. tower of the chapel, Carilloneur Kamiel Lefévere, humped on his bench, was striking with clenched fists the keys of a huge...

Author: /time Magazine | Title: Music: Bells of Chicago | 12/5/1932 | See Source »

...impossible to trade in cash it would be better to go back to barter than not trade at all. To speed the swapping, they suggested the establishment of "barter bonds," to be issued by each of the nations wishing to trade with Britain. The respective central banks would fix their own internal par value of such bonds in each case and they would be used instead of cash to pay for goods...

Author: /time Magazine | Title: Barter Bonds | 11/21/1932 | See Source »

Nittany, Pa., October 13:--Confucius! why was admirable foreknowing not apparent in abhorred paper last week stop Repetition will be ruin stop Must receive reply to satisfaction, enclose cash stop Here have peered at honorable opposition, will fix destiny tomorrow stop Occult art have been employed by Digest Poll to predict income, but money few and distant stop In blue funk stop Rose, felt ill this morning, atmosphere too warm for long stay stop Tomorrow will wish for weather more coolish, proceed to Tigerville to eat curry with laymen stop Will arrive Cambridge midnight, son I Fling accompanies stop Must...

Author: NO WRITER ATTRIBUTED | Title: Odious Omission of Occult Opinions Obsesses Oriental | 10/14/1932 | See Source »

...turn of the year Howard Colwell Hopson. dominant figure in Associated Gas & Electric Co., found himself in a tight fix. During the next twelve months he faced $42,000,000 of bond and note maturities. Failure to refund or pay off any of them would send one or more of its multitudinous subsidiaries toppling into the hands of receivers, might pull down the parent company. A sharp accountant with a salesman's slant, Mr. Hopson proceeded to pull many a rabbit from his fecund hat. Though Wall Street has long ceased to be astonished at the complex securities...

Author: /time Magazine | Title: Business & Finance: Utility Week | 8/15/1932 | See Source »

Other steps taken by Mr. Hopson to pull himself out of his fix: 1) as with Staten Island Edison, offering to exchange new bonds for those falling due; 2) borrowing $3.500,000 last week from a group headed by Chase Harris Forbes and Halsey, Stuart & Co. to pay off holders who turned down his offers; 3) starting an intensive campaign to sell strong mortgage bonds of his operating subsidiaries to his customers and his security holders...

Author: /time Magazine | Title: Business & Finance: Utility Week | 8/15/1932 | See Source »

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