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...sugar companies say is prohibitive. The sugar companies and certain copper interests in like position are protesting at Washington that the Tarafa Bill is conflscatory and are asking intervention. It happens that the Cuban public railroads are also owned in large part by Americans. The railroad companies would profit by the bill. So their representatives are also in Washington, protesting against the sugar companies' protest. Colonel Jose Miguel Tarafa, author of the bill, sailed for this country to present his side of the case, in support of the railroad companies. Colonel Tarafa is himself a large capitalist reported...

Author: /time Magazine | Title: National Affairs: Cuba | 8/27/1923 | See Source »

...French Government admitted that there was no profit in the Ruhr occupation. Beyond operating the railways successfully the occupation has been a failure. Nevertheless, the French will remain in the Ruhr until Germany starts to pay for her War destruction of Northern France. French policy is unchanged in the face of the recent British note. Premier PoincarÉ answered this note point by point. The most important point of the French reply is that it states a willingness to reduce the total claim on Germany from 132,000,000,000 ($31,442,400,000) gold marks to between...

Author: /time Magazine | Title: THE RUHR: Rhineland Republic? | 8/27/1923 | See Source »

...income for the last reported six months totaled $7,743,346; subtracting interest of $3,170,485, a net profit of $4,572,861 was shown. After allowing for payment of the regular dividends in the preferred stock, the balance was sufficient to have paid $2.43 on each of the 810,000 shares of common stock. Actually, however, the common dividend was again passed, and this sum added to surplus, which now amounts...

Author: /time Magazine | Title: Business: U. S. Rubber Statement | 8/27/1923 | See Source »

Heads at Atlantic City hold many thoughts ? some have ideas for pleasure, some have plans for profit, some have inscrutable designs. It was so with the meeting of anthracite operators and miners, which resumed its Conference there after a week's adjournment. The miners had made eleven demands for a new wage-and-working-conditions contract to supersede the present contract expiring on August 31. Four of the miners' demands ? lesser ones ? were agreed on. The first of the remaining seven demands brought disagreement and an end to the Conference...

Author: /time Magazine | Title: COAL: Coldness Ahead? | 8/6/1923 | See Source »

House of Commons. Sir Laming Worthington-Evans, Postmaster General, announced that the British Post Office made a profit of $25,300,000 during the last fiscal year. The postal service earned $27,600,000; telephones, $4,600,000; but the telegraphs lost $6,900,000, due to low press rates...

Author: /time Magazine | Title: BRITISH EMPIRE: Parliament's Week: Aug. 6, 1923 | 8/6/1923 | See Source »

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