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...cash to escape bankruptcy. Any balance in the pool thereafter might be distributed equitably among the other roads. In effect, under the I. C. C. plan, strong lines were to use the rate increase to earn a surplus with which to keep weak lines out of the ditch, to maintain the financial stability of U. S. transportation as a whole...

Author: /time Magazine | Title: TRANSPORTATION: Loans v. Gifts | 11/30/1931 | See Source »

...report, disarming, recommends establishment of a Federal department. But it is a shadow department, with a Secretary stripped of legal, financial, executive and administrative powers. The report strongly disapproves Federal control of education by means of money-grants with strings tied to them. Let the Government give money, maintain fact-finding services; but let all real control remain with cities or States. Also, the report proposes that after five years no grants be made for special forms of education-adult, vocational, agricultural. To this section, the Committee's Negro members-President Robert Russa Moton of Tuskegee Institute, President Mordecai...

Author: /time Magazine | Title: Education: Chart Made | 11/30/1931 | See Source »

Certainly the University authorities are correct when they maintain that not everybody has a right to know all concerning Harvard finances. Very few could understand the entire system. But undergraduates should be able to learn more about their University's finances. The House Plan has exacted an additional expense and is a live issue among them. Why, for instance, should they not know the total expenses and income of the seven new dining halls in which they are eating? How is the money which the large room rents bring in distributed? These two questions concern the undergraduate most because they...

Author: NO WRITER ATTRIBUTED | Title: THE REPORT OF THE TREASURER | 11/28/1931 | See Source »

...disadvantage of the small college is obvious. The dramatic element in education does not play a great part in its activities. ... In the last analysis . . . it is through them that each State and section must maintain ample cultural opportunities for the youth within reasonable distance from their homes and in circumstances fitted to the needs of each community and its people...

Author: /time Magazine | Title: Education: Seed Beds | 11/23/1931 | See Source »

...yearly, the threat to the legitimate gasoline market was so serious that the Institute was urged to form local committees in each State to aid officials in combating the racket. The motor industry was also expected to cooperate since gas taxes are used to maintain the highways...

Author: /time Magazine | Title: Business & Finance: Resolute Oil | 11/23/1931 | See Source »

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