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...Congress' flouting of the President's wishes during his vacation absence consisted of nothing more serious than overriding his veterans' pension veto, taxing Philippine coconut oil, extracting teeth from the Stock Exchange Bill. The nation was still in crisis, Franklin Roosevelt was still its supremely popular leader. Congressional elections were only half a year away...

Author: /time Magazine | Title: THE PRESIDENCY: Fighting Clothes | 5/24/1937 | See Source »

...optimistic appreciation of the "complete cooperation and understanding between management and stockholders." Hardly had he finished before that ubiquitous meeting-goer, Lewis D. Gilbert ("U. S. Minority Stockholder No. 1"), rose to propose that Mr. Schwab be kicked upstairs into an "honorary chairmanship" with a $25,000 annual pension. Mr. Schwab, said Stockholder Gilbert, had outlived his usefulness. Loudly seconded was this thought by Leopold B. Coshland, a stockholder who once complained that Bethlehem was closer to Mr. Schwab's stomach than his heart...

Author: /time Magazine | Title: Business: Personnel: Apr. 26, 1937 | 4/26/1937 | See Source »

...last time, the imposing Locarno Room of the Foreign Office echoed to his noble Scottish burr. Mr. MacDonald today holds the British Cabinet sinecure of Lord President of the Council at $10,000 yearly, is slated to be raised to the peerage soon and retire on a pension of $10,000. Severe eye trouble caused him to strain with visible pain last week as he read a gracious speech void of importance-in the true sense a swan song by a once great man once greatly beloved...

Author: /time Magazine | Title: INTERNATIONAL: Important for Democracy | 4/19/1937 | See Source »

...history. So lightly held are they in the land to which they have given their lives and whose civil servants they have been for a generation, that recently the First Commonwealth Assembly, pressed for funds, voted to liquidate the Philippine Bureau of Education's teachers pension fund. This meant that the Thomasites would not get the retirement pensions toward which they had been contributing 3% of their meagre salaries (ranging from $900 to $1,500) for 35 years...

Author: /time Magazine | Title: Education: Thomasite Troubles | 4/12/1937 | See Source »

...Sears' sources of supplies (6,461 manufacturers). After pointing with pride to the company's policy of keeping wages ahead of advancing living costs and providing vacations with pay, General Wood made the first public accounting of Sears' Employes' Savings & Profit Sharing Pension Fund through which the workers have become the largest single stockholding group in Sears, Roebuck & Co. (9.2%). Inaugurated in 1916 by the late great Julius Rosenwald, the Fund has paid out $45,204,000 to a total of 65,000 employes who paid in only $10,042,000. Company contributions and stock dividends...

Author: /time Magazine | Title: Business: Best Years | 4/5/1937 | See Source »

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