Word: postalized
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...Federal Reserve bank delivered $5,000,000 in currency. W. T. Waggoner, oldtime Texas cowman and oil millionaire, told the crowd his millions were behind the bank; the governor of the Federal Reserve Bank of Dallas arrived, announced all the resources of the Federal Reserve were behind the bank. Postal savings officials, to whom panicky depositors had brought withdrawn funds, put some $25,000 of this money back in the bank, a U. S. depository. By 11 p. m., $300,000 had been withdrawn, but the crowd grew weary, went home...
Agitation for the reduction of telephone tolls has long sputtered fitfully among U. S. newspapers. The press, largest user of both Postal and Western Union wires, is accorded two cut-rate services: Day Press Rate (? full rate) and Night Press Rate (1/6 full rate). Although newspapers do not use telephones for long distance communication to the extent they use the telegraph, publishers feel they deserve a reduced tariff for certain services comparable...
...Affairs, War and Finance met solemnly. Soon it was reported they had cancelled the air mail and passenger contract of the China Airways Federal Inc., U.S.-owned subsidiary of President Clement M. Keys's* Intercontinent Aviation Inc. for "violation of national rights of China and interference with the postal administration...
...Last fiscal yar the U.S. jailed 11,192 convicts. Largest class: dry law violators, 3,389. Other imprisonment: 2,234 under Harrison Narcotic Act; 1,515 under Dyer Automobile Theft Act; 903 under postal laws; 236 under Mann...
Fluent had been Owen D. Young's arguments that British Cables & Wireless, Ltd., was a "menace" (TIME, Jan. 20). Cocky had been Newcomb Carlton's assertions that the "menace" was a "bogy." Because I. T. & T. controls Postal and because a merger with Radio would mean less competition, it was expected that Mr. Mackay would agree with Owen D. Young. This he did, but neither to the deflation of the "menace" nor the inflation of the "bogy." Shrewdly he said: "If there were no British merger we would still wish to coördinate cable and radio...