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...billion and a quarter in silver is approximately one million 1,000-oz. bars, each ounce worth $1.29 at the Government's statutory price, or 43? on the metal market. A thousand ounces is 62½ lb. To move a million such bars, a fleet of trucks was needed, and last week Mrs. Ross awarded her contract to Peter James Malley Jr., 38, of Manhattan, son and grandson of Irish truckers, who bid her 15? per bar for the 50-mile haul. Mr. Malley hauls most of New York City's whiskey, also dyes and chemicals. He figures...

Author: /time Magazine | Title: National Affairs: To Cold Storage | 7/11/1938 | See Source »

...fifth anniversary last week, PWA proudly pointed out that it had brought forth 25,000 permanent improvements on the U. S. scene. For the first 2,000 projects of its 1938 program, which include everything from a subway for Chicago to fleet moorings for the Navy, the following amounts of materials would be ordered in the next few months from U. S. industry...

Author: /time Magazine | Title: RECOVERY: Showers from Heaven | 7/4/1938 | See Source »

...wrote Horatio, Lord Nelson on Oct. 21, 1805, off Cape Trafalgar. Few hours later the one-armed commander signaled his famed slogan ("England expects every man to do his duty") to his fleet, then swept on the French and Spanish lines, blasted them with his broadsides, clinched the victory for which he had prayed. He then died of a shattered spine after bidding farewell to his flag captain, Thomas Hardy...

Author: /time Magazine | Title: GREAT BRITAIN: Hero's Hair | 6/27/1938 | See Source »

...governs the Oslofjord's, helm, but a modern button-control system-a button for port and one for starboard. To the suggestion that old-line Norse steersmen might prefer the traditional twirl of the wheel to this newfangled steering, weathered Captain Kjeld Irgens, commodore of the Norwegian America fleet, had a gruff answer. "Quartermasters," said he grimly, "shall learn to like...

Author: /time Magazine | Title: Transport: After Leif | 6/27/1938 | See Source »

Birthday. Gustaf V, King of Sweden, the Goths, and the Wends (popularly known as "Mr. G"), 80; in Stockholm. During 20 hours of feting, he reviewed his troops and air fleet, assigned a popularly subscribed birthday present of 5,000,000 kroner ($1,250,000) to combat infantile paralysis and rheumatic diseases...

Author: /time Magazine | Title: Milestones, Jun. 27, 1938 | 6/27/1938 | See Source »

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