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...net increase of nearly 600,000 people seeking jobs each year is a challenging problem which business, professions, and educational institutions must jointly try to solve," Chester said...

Author: NO WRITER ATTRIBUTED | Title: OFFICIAL PROPOSES PLAN | 12/3/1938 | See Source »

...improve New York's public schools as Dr. Gulick's committee recommends would cost some $38,000,000. But he contends that the State can save more than $40,000,000-$2,000,000 net-by consolidating rural schools, enlarging their classes to 25 or 30 pupils, reducing interest charges on school building by more rapid debt reduction, and chiefly by eliminating some 8,000 teaching jobs as elementary school enrollments decline because of the falling birth rate...

Author: /time Magazine | Title: Education: One for the Money | 11/28/1938 | See Source »

...admiration of some more conventional publishing practices (he makes his employes read and, where possible, imitate TIME), Lord Beaverbrook chooses his own methods. Last year they were good enough to net his papers $3,750,000. But the Express puts extra nest eggs away every year in a basket called the "Secret Reserve." This now totals about $3,750,000, and will furnish ammunition for any new circulation...

Author: /time Magazine | Title: The Press: Curious Fellow | 11/28/1938 | See Source »

...first year under the Katz management Gruen made $606,000. Last year (ending March 31, 1938) net profit was $726,000. Having retired all the com pany's debentures with these profits, be sides $150,000 worth of Class A preferred stock, Ben Katz last week decided to pay off Gruen's remaining $839,000 of Class A and B preferred by issuing new common stock. With a 1938 sales record that equals last year's, and with the market in the mood for new financing, he hopes to sell 150,000 shares at a price that...

Author: /time Magazine | Title: MANUFACTURING: Gruen Comeback | 11/28/1938 | See Source »

Established in 1894, C. & E. I. went into receivership in 1913, was reorganized in the oldtime manner in 1920-i.e., left with a top-heavy capitalization. Although the road managed to make a puny net of some $400,000 a year during the booming 205, it began piling up deficits in 1930 ($7,000,000 that year...

Author: /time Magazine | Title: CARRIERS: Monkey Business | 11/28/1938 | See Source »

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