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Last week President C. M. Boggs of Kanotex Refining Co. in Arkansas City, Kans. notified the producers who supply his refinery with crude that henceforth he would pay them 25? less. Kanotex Refining is an obscure factor in the industry; without the present psychological state of crude oil producers, Mr. Boggs's ultimatum would have attracted no attention. But oil is the only important U. S. business which in the last year has withstood Depression, and producers felt it was too good to last. More important still-despite increasing demand, proration figures have unquestionably been too high. The Petroleum...

Author: /time Magazine | Title: Business & Finance: Mr. Boggs's Ultimatum | 5/23/1938 | See Source »

...honor of Professor Smyth, who died last summer, the Harvard Classical Library will henceforth be known as the Herbert Weir Smyth Classical Library...

Author: NO WRITER ATTRIBUTED | Title: 5,000 Book Library Is Gift of Smyth Family To Widener Collection | 5/16/1938 | See Source »

...still being purged. No wonder, as the new decree reveals, that 'this artificially creates discontent and wrath and makes many collective farmers uncertain of their position.' No wonder, despite all the discriminations against them, that individual farmers are described as having advantages over many collective farmers. Henceforth it is ordered that members of the collectives must receive at least 60% of the money income of the enterprise. All this reveals more than the lot of the peasant; it suggests his widespread and dangerous dissatisfaction with...

Author: /time Magazine | Title: Foreign News: Searchlight Backward | 5/2/1938 | See Source »

This collection that was so infinitely precious to him is coming by his desire to the University from which he had graduated not five years before. It will remain as a memorial of his love for his College in the centre of the superb edifice which will henceforth bear his name and which will link it imperishably with that of Harvard. With these thoughts in our mind we now thankfully but gravely greet the moment of the laying of the cornerstone of the Harry Elkins Widener Library...

Author: NO WRITER ATTRIBUTED | Title: Laying of Library Cornerstone Features '13 News | 4/25/1938 | See Source »

...Department last year spent $124,500-$96,000 over its appropriation for this purpose-on gunpowder used in salutes to the President and other dignitaries. Paring expenses, the Department last week announced that official salutes henceforth would be fired by inferior powder, thus cutting the cost of a 21-gun salute from $62.37 to $28.35. With cheap powder, according to War Department officials, noise made by salutes will be not "Boom" but "Swoosh...

Author: /time Magazine | Title: THE PRESIDENCY: Georgia Pique | 4/4/1938 | See Source »

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