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...industry. In 1902 Motorman Franklin produced 13 automobiles priced at $1,100 each. Soon he ranked among the largest makers in the U. S. Other companies have long since outstripped Franklin in volume but by the 1920s production was running about 8,000 per year, soaring to a peak of 14,000 in 1929. Like other makers of high-priced cars, Franklin was badly hit by Depression. Production in 1932 was only 1,898 units, last year...

Author: /time Magazine | Title: Business & Finance: Franklin Under | 4/16/1934 | See Source »

...Franklin Manufacturing Co. has never shared in the spectacular profits of the automobile industry. Its stock is very closely held. Franklin's peak in late years was reached in 1925 when a $2,000,000 profit was reported. In 1929 it earned only $1,100,000. Since then it has reported deficits. Immediate cause for last week's bankruptcy was $2,088,000 in bank loans long overdue. The receiver talked of selling the company to another motormaker, but Herbert Henry Franklin's friends hoped against hope that direct Government loans to industry might yet save...

Author: /time Magazine | Title: Business & Finance: Franklin Under | 4/16/1934 | See Source »

...immediate accomplishments of this new thing as it affected the automobile industry were indisputable: 1 ) It saved Detroit from being confronted with 200,000 new unemployed. 2) It saved automobile makers from a shutdown at the peak of their most promising production season in four years. 3 ) It saved 250,000 workmen in automobile plants from losing over $1,000,000 a day in wages. 4) It saved the Roosevelt Administration from a terrific setback to its Recovery plans...

Author: /time Magazine | Title: LABOR: Quadruple Saving | 4/2/1934 | See Source »

...m.p.h. gale out of the North screamed across Hakodate Bay as the shadow of night ran across the city, slid up the pine-covered face of Hakodate Head and The Peak, and enfolded the secret forts on the heights. The crows flapped up from the garbage in the slums to be whirled helplessly to the base of the two peaks, where they dropped on limp wings. Children hung their snow sleds beside the door and squatted down to a Hokkaido (Japan's New England) supper of fish, beans and rice. In the Bay a forest of masts swayed wildly...

Author: /time Magazine | Title: JAPAN: Hell at Hakodate | 4/2/1934 | See Source »

...button is marked "Present," the second "Yes," the third "No." Each button closes a circuit through a 100-ohm resistance, thus consuming a measured amount of electric current. In the power station, besides the standard wattmeter which constantly records the total current in use and charts the daily peak loads, is a Hopkins wattmeter on which the recording chart is driven 96 times faster than standard. A few inches of this fast chart are required to record the drain on the power house for only 30 seconds. If the 30 seconds are taken when the station load is fairly steady...

Author: /time Magazine | Title: Science: Radiovoting | 4/2/1934 | See Source »

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