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...George Westinghouse staked his fortune upon the development of alternating current equipment, and won. Gradually the inventions of the other brilliant inventors were acquired. Stanley worked out apparatus for handling alternating current. Oliver B. Shellenberger produced the first induction metre. Nikola Tesla sold out to Westinghouse his alternating current motor. In any history of electrical development, the work done by the Westinghouse Co. must be given a prominent place...

Author: /time Magazine | Title: Business & Finance: George Westinghouse | 6/2/1924 | See Source »

...Yale University, suggested as a partial solution that automobile exhausts be extended from the horizontal position at the level of the axle to a vertical one discharging like a chimney at the height of seven or eight feet. He conducted extensive experiments on Fifth Avenue, New York, and other motor-congested highways, proved that CO, even when not so dense as to cause prostration, affects people who inhale it adversely. The gas is heavier than air, and when discharged near the ground it stays there at the level of pedestrians. Professor Henderson's idea was a purely mechanical method...

Author: /time Magazine | Title: Science: Carbon Monoxide | 5/26/1924 | See Source »

Friedrich Wilhelm's sudden passion for the soil may of course be nothing but one of the whims which from time to time disturb the peace of mind of royalty. Yet from the fact that he has frequently found it necessary to motor as far as Berlin in order to have his teeth attended, although Brealau cannot be wholly barren of dentists, he may be suspected of cloaking the usual ambition of dispossessed princes beneath his present agricultural activities...

Author: NO WRITER ATTRIBUTED | Title: A BUCOLIC PRINCE | 5/24/1924 | See Source »

...real trouble with the industry, however, is in its distributing end. Dealers, owing to competition, have been forced to accept used cars at fairly high figures in selling new ones and in addition adopt part-payment systems. In consequence, purchasing expensive motor cars on a shoestring has become a commonplace habit throughout the country...

Author: /time Magazine | Title: Business: Auto Outlook | 5/12/1924 | See Source »

...usual, the balance sheet of the Ford Motor Co., filed in Massachusetts, is the admiration and despair of rival automobile manufacturers. The Ford statement is as of Feb. 29, 1924, and shows total assets of $568,101,639-consisting of $93 million real estate; $87 million machinery and equipment; $94 million merchandise, materials and stock in process; $271 million in cash, accounts receivable, etc.; and $20 million good will. The large cash item also includes securities, patent rights and trademarks. As against these, the liabilities consist of $17 million capital stock; $71 million accounts payable; $37 million reserve for Federal...

Author: /time Magazine | Title: Business: A Balance Sheet | 5/12/1924 | See Source »

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