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...appropriated for any department is used for the purpose designated. Not one-half of the money appropriated for the War Department is spent to make an army. . . . Not one-half of the money appropriated for the Post Office department is spent to move the mails. The departments of Commerce, Interior and Agriculture are not much better than rackets...

Author: /time Magazine | Title: National Affairs: Politics v. Economy | 4/18/1932 | See Source »

...Frederic M. Paistt 51, sister Theresa of Secretary of the Interior Ray Lyman Wilbur, was chosen last week to succeed Mrs. Speer. Tall, broad-shouldered, bespectacled, Mrs. Paist is forceful but less reserved than her predecessor. She golfs with her candy-manufacturing husband, swims with her four children. Like her Brother Ray. she attended Stanford University. She is a onetime mathematics teacher, a longtime Y. W. secretary, never politically-minded. Next month she will preside at the monthly meeting of the National Board...

Author: /time Magazine | Title: Religion: THREE LADIES | 4/18/1932 | See Source »

...youth bushy-haired, bespectacled Bill Stout was a great whittler, taught the boys in his father's pastorate in St. Paul to carve toys. His whittling permitted him on several occasions to navigate early financial straits when he was struggling with the development of the thick, interior-trussed wing, the "Bat Wing" monoplane, the first all-metal planes. A onetime journalist, he sold stock in the Stout Metal Airplane Co. (purchased by Ford Motor Co.) with the proposition: "I want to take $1,000 of your money to see if I can develop something in the aviation field...

Author: /time Magazine | Title: Aeronautics: Within Two Years | 4/18/1932 | See Source »

Secretary of the Interior Dr. Ray Lyman Wilbur attended the W. & J. inauguration, urged that "the college and all that it stands for must volunteer to accept its measure of the responsibility of carrying our Nation forward." In his inaugural address Dr. Hutchison flayed the "false, materialistic doctrine" of going to college "because it pays," praised the oldtime college education which was "inviting only to those who did not set profit or wealth as their main objectives in life." Washington & Jefferson, chartered in 1787, is the oldest college west of the Alleghenies. Some of its original land is said...

Author: /time Magazine | Title: Education: W. & J.'s Hutchison | 4/11/1932 | See Source »

Advisory boards have always been peculiarly unsuccessful in their relations to American business. The adventures of the Departments of the Interior and of Agriculture in protecting the public lands afford a memorable example of this. The Interstate Commerce Commission was also unsuccessful in its attempts at regulation until Roosevelt gave it the power to enforce its regulations. The moral fibre of the American people seems hardly strong enough to prevent mulcting the public a la Jay Gould without drastic regulation. But the later effectiveness of the Interstate Commerce Commission points the way to a practical control of American economy...

Author: NO WRITER ATTRIBUTED | Title: ECONOMY AND THE BAG BARONS | 4/11/1932 | See Source »

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