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...LEAST NINETEEN CASES OUT OF EVERY TWENTY WE HAVE PROVED TO THEM THAT WE WERE RIGHT AND THEY HAVE AGREED TO THIS STOP AS FOR DEPRECIATION WE COMPLY WITH THE RULES LAID DOWN BY THE DIFFERENT PUBLIC SERVICE COMMISSIONS IN THE DIFFERENT STATES STOP ON THE PARENT COMPANY WE USE THE METHOD WE DO BECAUSE WE BELIEVE IT IS THE BEST AND ESPECIALLY IN OUR PARTICULAR CASE STOP EXCEPT FOR THE EFFECT OF TWENTY-FIVE CENT WHEAT AND OTHER SIMILAR THINGS ON THE DEPRECIATION OF PROPERTIES IN GENERAL AND EXCEPT FOR THE FIVE CENT OIL WE FEEL WE HAVE ALWAYS...

Author: /time Magazine | Title: Letters, Aug. 10, 1931 | 8/10/1931 | See Source »

...near Emmitsburg, Md. Impatient to enter it, she walked there from Baltimore with her Sisters: 50 miles in two days. Her group followed the rule of the Sisters of Charity of St. Vincent de Paul-poverty, chastity, obedience, service of the poor-but they were not incorporated with the parent order until 29 years after her death...

Author: /time Magazine | Title: Religion: Holy Candidate | 8/3/1931 | See Source »

...stockmarket crash, guided the institution to ruin. It was a game of financial ring- around-a-rosy, played as follows: Bankus Corp. and City Financial Corp., subsidiaries of the Bank of U. S., had a book value of $4,800,000 worth of real estate equities, but owed the parent organization $8.000.000. How were the subsidiaries to pay off? Two dummy organizations, headed by Herbert Singer, were formed. Each was capitalized at $100, issued 100 shares of stock. They were called Premier Holding Corp. and Bolivar Development Corp. Bankus reappraised its holdings at $8,000,000, the amount it owed...

Author: /time Magazine | Title: National Affairs: Ring-Around- A-Rosy | 6/29/1931 | See Source »

...would be gobbled up by foreign countries "like Russia and Mexico" and the U. S. would be virtually forced out of the international wireless field. Jeopardy to life at sea was depicted by Radiomarine officials if that company should lose its 1,122 ship-shore licenses because of its parent company's law violation. RCA-Victor declared it would have to cease television experimentation if the Commission ruled against it. Summing up for RCA, Louis Titus, chief attorney, declared an "unspeakable disaster" would follow the Commission's refusal to renew RCA licenses. His prime legal argument was that Congress meant...

Author: /time Magazine | Title: National Affairs: RPA v. RCA | 6/29/1931 | See Source »

...Woolworth, a devoted worshipper of Napoleon, showed brilliant commercial strategy by opening a store in Liverpool. F. W. Woolworth & Co., Ltd., as the British unit was called, grew until last year it operated 428 "3d to 6d Stores." During most of the past two decades the earnings of the parent company have been jumping far faster than those of the British unit. Since 1927, however, only the British earnings have kept Woolworth Co. from reporting a decrease in its own figures. And when last week Woolworth shares again neared their May high of $72 (remarkable because it bettered...

Author: /time Magazine | Title: Business & Finance: Bounty from Britain | 6/15/1931 | See Source »

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