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Sheridan had Grant's backing all the way. When Meade and Sheridan quarreled over the function of the cavalry (Meade insisting it should be merely auxiliary to infantry, Sheridan that it should be independent ), Grant upheld Sheridan, let him build up the cavalry as a separate division of the army. Sheridan had two big jobs: policing the Shenandoah Valley and beating Confederate Cavalry General J. E. B. Stuart. He cleared the Valley and on a raid behind Lee's lines Stuart was killed at Yellow Tavern. Many a schoolboy knows of the Battle of Cedar Creek, when Sheridan...

Author: /time Magazine | Title: Books: Little Phil Sheridan | 11/2/1931 | See Source »

National Credit Corp., cornerstone of President Hoover's Super Plan, began to function last week. Its twelve directors met for organization in the Federal Reserve Bank building in New York, elected officers, laid plans for smooth mechanical operation...

Author: /time Magazine | Title: Business: Rescue Squad | 10/26/1931 | See Source »

...plan is now coming chiefly from the University rather than from the members of the houses as it should. There have been dances and musical programs, high tables and lectures, but they have all originated under the leadership of tutors and masters. If the houses are to fulfill their function there must be a corresponding initiative coming from the students...

Author: NO WRITER ATTRIBUTED | Title: ARMED WITH DISCOURSE | 10/20/1931 | See Source »

...assurance of political as well as banking co-operation before he told the country his plan. When he secured this shortly after midnight Tuesday, the National Credit Corp. had assumed definite form and the public was appraised of a 500-million-dollar fund (later enlarged to a billion) to function as a stepping stone between the slough of the ordinary bank and the lofty security of the Federal Reserve. National Credit Corp. was quickly formed under the laws of Delaware with a capital structure of twelve shares of $100 par value stock. Twelve men were to direct it, one from...

Author: /time Magazine | Title: BANKS: At Mr. Mellon''s | 10/19/1931 | See Source »

When the police function properly, it is creditable but unexpected. So accustomed has the public become to reports of violent deaths that the ability of the police to prevent these for twenty-four hours has become a subject of journalistic recognition. Before the era of the racket, policemen protected the lives of citizens and thought nothing of it. Now, in return for work well done, the ego of the "force" must be soothed by public exhibition of a record, quite possibly issued before the turn in the tide could bring any bodies back up the river...

Author: NO WRITER ATTRIBUTED | Title: SLAUGHTER'S SABBATH | 10/13/1931 | See Source »

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