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Noontime and bankers knew that the public was taking cash out of New York banks, savings banks in particular. A savings bank in Newark had already been besieged. Now in 42nd Street opposite Grand Central Station a crowd gathered in the magnificent Byzantine banking hall of the Bowery Savings Bank, largest private savings bank in the world, one of the oldest mutual savings banks in the U. S., famed for its conservatism and strength. Good natured but eager, bootblacks. Jewish matrons, silk-stockinged stenographers and shawled immigrants carried off cash from the paying windows. Three o'clock...

Author: /time Magazine | Title: THE PRESIDENCY: Bottom | 3/13/1933 | See Source »

Last week at Newark Airport the Department of Commerce gave to air transport a device on which it had been at work for five years, to overcome the blind landing hazard. It consists of 1) a runway localizing beacon and 2) a radio beam along which the plane may glide to a three-point landing...

Author: /time Magazine | Title: Aeronautics: Beam Landing | 3/13/1933 | See Source »

...beacon is to be left at Newark for airlines to test the needed new equipment (a 15-lb. receiver for the landing beam) and for airline pilots to get practice. It constitutes the magnum opus of Col. Clarence Marshall Young, Assistant Secretary of Commerce for Aeronautics, whose routine resignation was on file last week, and his first aide, Col. Harry Harmon Blee. He was ready to demonstrate it last month when his test pilot, Marshall S. ("Maury") Boggs, who had made innumerable blind landings, crashed to death in broad daylight on a joyhop in California...

Author: /time Magazine | Title: Aeronautics: Beam Landing | 3/13/1933 | See Source »

...walk away. A man rushed up to hand Mr. Roosevelt a long telegram. The President- elect started to read- Bang! Joe Zangara was standing up on a wobbly bench among the spectators firing his pistol at President-elect Roosevelt not 35 ft. away. The first shot dropped Margaret Kruis, Newark showgirl, with a head wound...

Author: /time Magazine | Title: National Affairs: Escape | 2/27/1933 | See Source »

...Newark, N. J., a salesman entered Mrs. Carrie Baukin's millinery shop, asked her to let him demonstrate his sulphur candles for killing vermin by fumes, lit a sample candle. Mrs. Baukin ran in tears to the street, returned when the fumes had cleared to find no salesman, no money in the cash register...

Author: /time Magazine | Title: Miscellany, Feb. 27, 1933 | 2/27/1933 | See Source »

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