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...short account which unquestionably affected the price of securities and brought discouragement to the country as a whole. I again expressed [my] views to the managers of the Exchange that they should take adequate measures to protect investors from artificial depression of the price of securities for speculative profit." ¶ President Hoover asked Congress to appropriate $1,000,000 for Federal participation in the 1933 Chicago World's Fair. ¶The President appointed James H. Douglas Jr., 33, Princetonian ('20) and partner in Field, Glore & Co., Chicago investment house, to be Assistant Secretary of the Treasury...

Author: /time Magazine | Title: THE PRESIDENCY: Thirty-first on First | 2/29/1932 | See Source »

...gold standard. Last week one dealer reported that he was buying 1,000 British goldpieces of ?i denomination a day, paying for them of course somewhat "more" in paper. Was this legal-this trafficking in gold pieces stamped with the image of the Sovereign- to make a "paper profit...

Author: /time Magazine | Title: GREAT BRITAIN: Brains | 2/22/1932 | See Source »

...suffered a lot," he said last week, "and has been very patient. From now on the public's pocketbook sits in at every conference. We feel that the way to help the country at present is to risk all we can to get something started . . . with as little profit as possible or no profit at all if that will keep the wheels turning." About 35.000 workers have been recalled to the plants already employing 65.000. Both models should be on display next week, production will be well under way in March...

Author: /time Magazine | Title: Business & Finance: Ford & Pocketbook | 2/22/1932 | See Source »

...trade to open their books to the Institute's detectives and accountants; they have induced or compelled beet sugar refiners (none of whom belong to the Institute) to adopt many of their rules, thus restricting their competition. Item: these lawless practices helped sugar refiners to increase their margin of profit 30%, take it out of the public's pocket. To prove their point Lawyers Fly & Rice compared two refiners' profits for 1928, the Institute's first year, with 1927. Biggest, American Sugar Refining Co., jumped from $3,585,000 to $6,568,000; next biggest, National Sugar Refining...

Author: /time Magazine | Title: Business & Finance: The U. S. Attacks | 2/22/1932 | See Source »

Realism is the true reporter's touchstone. Cub newspapermen everywhere may with profit study the candor and simplicity with which this artist, alert and at all times objectively interested, sets down such minutiae as the differences in the cigar-smoking of Calvin Coolidge (knife and holder) and Herbert Hoover (fingernails and teeth), or the lineaments of Toscanini's left hand...

Author: /time Magazine | Title: Books: Dieu Est Mon Droit | 2/22/1932 | See Source »

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