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...President Roosevelt is a liberal when he speaks, but, since the net result of his actions is demonstrably to strengthen the controls of government over the actions of individuals, he is not a liberal in any sense that has really historic significance...

Author: /time Magazine | Title: Letters, Jun. 6, 1938 | 6/6/1938 | See Source »

...informed the House Merchant Marine and Fisheries Committee: "I am gravely apprehensive . . . that there will be armed conflict in the Bering Sea." Concerned not so much for its nationals as for U. S.-Japanese relations, Tokyo's Foreign Office promised that Japanese vessels would leave salmon alone, would net crabs only beyond the three-mile limit...

Author: /time Magazine | Title: ALASKA: God-Given Instinct | 6/6/1938 | See Source »

...Germany. Government agents counted on him as a star witness. They were shocked last week, when the investigation started: Ignatz Griebl had boarded the Bremen and was on the high seas, bound for Germany. At first glance, it appeared that this escape of Ignatz from a hair net was a brilliant piece of work. The assumption proved unwarranted. In his haste to leave, Dr. Griebl, naturalized in 1926, had forgotten to take along his U. S. passport. At Cherbourg French authorities were denied permission to search the ship for him. When the Bremen docked in Germany, he was promptly arrested...

Author: /time Magazine | Title: National Affairs: International Spies | 5/30/1938 | See Source »

Ludlum Steel Co. of Watervliet, N. Y. had a better Depression record than most of the big, less-specialized steelmakers; last year it had net sales of $13,000,000, greatest in its 40-year history. With negligible facilities for producing flat-rolled steel, Ludlum sells about 50% of its output (wire, bars, etc.) to the automobile industry, the rest to manufacturers of machine tools, oil refining and aircraft equipment, stainless steel building products. Last year the company considered raising money to expand; but the capital market was so stagnant that directors, fearing the plan might miscarry, called...

Author: /time Magazine | Title: Business: Two in One | 5/30/1938 | See Source »

Another small company which quickly responded to Recovery is Allegheny Steel Co. of Brackenridge, Pa., 19th in the industry. Allegheny, whose net sales were $36,500,000 last year, makes sheet and plate steel for automobiles, electrical equipment, light-weight railroad cars; has ample equipment for turning out sheet steel, needs more facilities for making bars and quality alloys. Two years ago, Allegheny merged with West Leechburg Steel Co., practically doubled its facilities...

Author: /time Magazine | Title: Business: Two in One | 5/30/1938 | See Source »

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