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...liquors to the rum fleet. "Danger in the enterprise? My word, no!" cries he. Starting in August, 1923, he has managed four successful shipments so far. "I sell my goods for cash," his prospectus declares, "against delivery on the high seas, and the return of the capital and the profit...

Author: /time Magazine | Title: Commodore of Rum Row | 6/16/1924 | See Source »

...involving any change in the menu or services of the same high grade caterer who handled the refreshments last year. This reduction, in the face of rising prices elsewhere, is explained by the fact that the price of last year's tickets, which was based on cost, with no profit accruing to Phillips Brooks House, did not anticipate such a heavy attendance. With the present sale of tickets, which continues daily at Phillips Brooks House, insuring a repetition of patronage, it has thus been possible to reduce the price...

Author: NO WRITER ATTRIBUTED | Title: TICKETS GOING FAST FOR P. B. H. CLASS DAY SPREAD | 6/11/1924 | See Source »

...demand existed, and that many countries were already competing to supply it. House of Commons. Ben Turner (Labor) presented a bill to nationalize all lands, minerals, rivers and streams. In its support he quoted the Bible: "The earth is the Lord's and the fullness thereof," and "The profit of the earth is for all." Nevertheless, the bill was not taken seriously, was defeated 176 to 164 votes. ¶The subject of a reduction of Minister for Labor Tom Shaw's salary by ?100 (Conservative protest against Labor's inactive unemployment policy) was again brought up (TIME...

Author: /time Magazine | Title: British Commonwealth of Nations: Parliament's Week: Jun. 9, 1924 | 6/9/1924 | See Source »

...present position of Reserve earnings is due to several factors. The Reserve Banks erected large buildings, the cost and maintenance of which have added to their expenses. The task of warehousing the tremendous gold resources of the system is expensive and without profit. Moreover, the steady import of gold, along with other factors, has enabled the member banks to pay off their debts to the Reserve Banks whose current earnings have in consequence declined. To operate at a profit the twelve Reserve Banks must have about $1,000,000,000 outstanding in loans; the last earning statement showed earning assets...

Author: /time Magazine | Title: Federal Reserve Earnings: Federal Reserve Earnings | 6/9/1924 | See Source »

...expected that the entire year of 1924 will show a profit, but deficits are inevitable during the first quarter, and not improbable during the first half of the current year. Not since the early years of its organization, some eight years ago, has the Reserve system failed to earn a regular profit sufficient to cover all dividends...

Author: /time Magazine | Title: Federal Reserve Earnings: Federal Reserve Earnings | 6/9/1924 | See Source »

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