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...company into receivership, listing himself as a $486,000 creditor. The court granted a stay. Mr. Browning moved up to the board chairmanship, put Vice President Edward C. Koempel in as president. But business did not improve and President Koempel was unable to work off his load of debts. With insufficient capital, with merchandise, rent and realty liabilities of approximately $500,000, Browning, King was last week turned over to Irving Trust Co., Federal receiver for the southern district of New York (TIME, April...
While attempts have been made to offset this administrative load during recent years, this situation still exists in many courses. In these classes which are just too large for individual attention, the instructor cannot aid a man by reading his papers. Time which might well be spent in investigating one's subject or in preparing material for the next day's classes is sacrificed to the all-important question of whether a paper should receive...
...somehow kept his crew alive, fed and sheltered for two months in the - 20°F wilderness of the Arctic Ocean north of Bering Strait, while a semicircle of rescuers hovered from Cape Van Karem, Siberia, to Alaska. Last month a rescue plane swooped onto the ice pack, loaded the Chelyuskin's ten women and two babies aboard, got back safely to Cape Wellen, Siberia. Since then the ice pack, twisted by Arctic currents, hammered by icebergs, has begun piling in on itself. It heaved the camp kitchen into splinters, erupted the surface of the improvised landing field...
First, most spectacular move was to declare a moratorium for at least two years on amortization payments on $52,000,000 owed U. S. bondholders. This $4,037,000 annual load had been borne faithfully by Tyrant Machado and his successors. It was naturally the most unpopular thing in Cuba and the moratorium instantly fortified Mendieta's government in the hearts of the people. But Mendieta will continue to pay the interest charges of $2,868,000 a year and he will continue to collect all the taxes ordinarily earmarked for amortization payments. The decree affects two loans floated...
Bringing her down Into Laramie full load...