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...Warm Springs, Ga., where Franklin Roosevelt was nearing the end of his ten-day holiday, it was 12:45 amIn their cottage near his "Little White House,'' the ten newspapermen detailed to cover his activities were playing cards, listening to the radio or sleeping. At this point Marvin Mclntyre, who had previously telephoned to advise the correspondents to hold their "overnight" stories for a mysterious Presidential announcement, arrived with a handful of typewritten sheets which he proceeded to distribute. Ready for something remarkable, the reporters found the release up to their highest expectations...

Author: /time Magazine | Title: THE PRESIDENCY: Midnight Mystery | 4/11/1938 | See Source »

Died. Col. Tillinghast l'Hommedieu Huston, 71, formerly co-owner (with Col. Jacob Ruppert) of the New York Yankees baseball club; of heart disease; in Brunswick, Ga. In 1923 he sold his stock in the club to Col. Ruppert...

Author: /time Magazine | Title: Milestones, Apr. 11, 1938 | 4/11/1938 | See Source »

...Henry Picard, Hershey, Pa. professional, the annual Masters' Golf Tournament on Bobby Jones's tough home course in Augusta, Ga., with 285 strokes, three under par. Bobby Jones took 297 strokes and 15th place, was so encouraged by his comeback (last year he was 30th) that he said he might come out of retirement to enter the National Open in Denver in June if he was not required to play through qualifying trials...

Author: /time Magazine | Title: Sport: Who Won, Apr. 11, 1938 | 4/11/1938 | See Source »

...railroads had an operating deficit in February for the first time in 17 years- $2,136,481, against a net operating income of'$38,792,779 in February 1937 and $58,367,529 in February 1930. Two days later Franklin Roosevelt told a press conference at Warm Springs, Ga. that the special railroad report of ICCommissioners Splawn, Eastman & Mahaffie, given to him fortnight ago, would not be made public until after he had conferred in Washington this week with a group of operating railroaders. Then, said the President, definite recommendations would be sent to Congress in a special message...

Author: /time Magazine | Title: Business: Joint Views | 4/11/1938 | See Source »

There was plenty of psychological stimulus for the decline. Political reports from France were gravest of the grave. President Roosevelt had twitted the "selfish few" in a speech at Gainesville, Ga. two days before. A better reason for the fall in security prices was that U. S. business in general has been bad for six months and last week got worse...

Author: /time Magazine | Title: Business: Below Our Estimate | 4/4/1938 | See Source »

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