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...American Airway's man, Gene Summers, was at Rio de Janeiro, Brazil, contending with Brazil's Secretary of Public Works Victor Konder for Brazilian air mail contracts, which would profit Pan- American when it extends its lines down around the east coast to Buenos Aires...

Author: /time Magazine | Title: AERONAUTICS: 246 Hours | 7/22/1929 | See Source »

...reinstatement in the Chicago Medical Society. That society last spring ousted Dr. Schmidt, famed genitourinary surgeon, because he was a urologist as well as chief of staff of the Illinois Social Hygiene League which treats charity patients of Chicago's Public Health Institute, a clinic operating not for profit on the treatment of venereal diseases (TIME, April 22). To induce venereals to take treatments the Institute advertised in Chicago papers. To the League the Institute paid $12,000 yearly to treat charity cases, and Dr. Schmidt as a League urologist took nominal fees out of that $12,000. This...

Author: /time Magazine | Title: Medicine: A. M. A. Convention | 7/22/1929 | See Source »

Many an old-sized bill will be saved as a souvenir. Many an old-sized bill has been lost or inadvertently destroyed. From past experience, Treasury officials informally estimate that the U. S. will "profit" by some $100,000,000 on the exchange...

Author: /time Magazine | Title: National Affairs: New Money | 7/15/1929 | See Source »

...World, Henry Ford preached frank monopolism. "People talk about a power trust," said he. "I only wish that there actually were a power trust, a central directing organization for the development of every power source in the country." He saw no evil in exploitation of power resources for private profit. "The real profit," said he, "is not what the promoters get but what the country gets...

Author: /time Magazine | Title: Business & Finance: Utilities | 7/15/1929 | See Source »

Entrance into the theatrical field resulted partly from the invention of Photophone, the talking cinema mechanism perfected by Westinghouse and General Electric engineers, and partly from Radio Corp.'s realization of the potential profits in electrical entertainment on the largest possible scale. R. C. A. Photophone, Inc. was incorporated in 1927, functioned for the sale and distribution of Photophones. In January 1928, the Keith-Albee and Orpheum theatre circuits merged, the combination also acquiring control of F. B. O. Pictures Corp., cinema producer and distributor. In October 1928, the Keith-Albee-Orpheum combination sold control to Radio Corp...

Author: /time Magazine | Title: Business: Radio into Talkies | 7/15/1929 | See Source »

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