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...send a man to the gallows for taking one drink of whiskey? . . . "Had the United States adopted Quebec's plan and price list on Jan. 1, 1920, we might have continued to drink alcohol as of yore, but in that event Uncle Sam would have accumulated the tidy profit of $7,108,000,000 in the seven years 1920-26 (sufficient to retire our entire War debt of $25,000,000,000 in 25 years...

Author: /time Magazine | Title: PROHIBITION: Potpourri | 12/13/1926 | See Source »

Notable Exceptions. Outside these "big business" combines whose sole preoccupations are profit and power there exists a mere pair of newspapers whose editors can call their souls their own. The onetime (1921-26) Viceroy of India, the Marquis of Reading, has recently sought to enlarge this number by his purchase of the Daily Chronicle (Liberal) from Lloyd George control; but the "old guard" actually consists of only the Manchester Guardian (Liberal) and the London Times (Independent). For 50 years Mr. Charles P. Scott, owner and editor of the Manchester Guardian, has upheld the highest and most disinterested ideals of journalism...

Author: /time Magazine | Title: Foreign News: Rothermere Sued | 12/13/1926 | See Source »

British rubber magnates want the price of rubber never to fall below 42? a pound, which represents a fair profit for the average grower of plantation rubber. To maintain that price the Stevenson Plan became effective in 1919. When rubber falls below 42? growers must curtail production; when it mounts above, they may produce to capacity. The Stevenson Plan prevents loss to growers, but does not restrict their profits. And their profits may mean loss to rubber consumers, who are thus forestalled...

Author: /time Magazine | Title: Business: Forestallers | 12/13/1926 | See Source »

...Busch to go to the banks for money wherewith to transform the business his father left him. "For decades we had been in the position of being able to loan to the banks, rather than to borrow from them. But neither in point of volume, nor in margin of profit, could the new products at first come up to the old, and borrowing was essential." Four-years ago Anheuser-Busch was breaking even. That was remarkable after the complete break-up of the business. This year profits, although not of the pre-Prohibition magnitude, are high. In ten years August...

Author: /time Magazine | Title: Business: Kolossal | 12/6/1926 | See Source »

...Chicago Tribune. The cause was a convention of 80 farm organizations at St. Louis, Mo., where midwestern and southern delegates demanded immediate legislation by Congress to "enable the farmers to control and manage excess of crops at their own expense, so as to secure cost of production with reasonable profit." They approved of the Federal Farm Board plan, backed by Frank O. Lowden of Illinois. They defended the farm bloc as a political unit. Just as onetime Governor Lowden is the potent friend of farmers in the Republican party, so is Edwin T. Meredith, Iowa farm journal publisher, onetime Secretary...

Author: /time Magazine | Title: FARMERS: Meredith Says | 11/29/1926 | See Source »

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