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...roads as part of their trunk systems, had been snatching at all independent trackage in the country's rail territory to keep it out of their rival's hands. So bitter and reckless had become their operations that the Interstate Commerce Commission had cried out in loud protest while the Senate had passed a resolution to suspend temporarily all mergers. It was last autumn that President Hoover secretly set them to negotiating again with the result that last week they peacefully divided up 56,000 miles of railroad worth nearly ten billion dollars...

Author: /time Magazine | Title: TRANSPORTATION: Presidents' Plan | 1/12/1931 | See Source »

Many have been outside protests against the iron ring of military alliances which France has forged around herself. But almost the first protest from within the iron ring was heard last week in Brussels. To assembled reporters Emile Vandervelde, Socialist leader, onetime Foreign Minister (1925-27), announced...

Author: /time Magazine | Title: BELGIUM: Entanglement | 1/12/1931 | See Source »

...agreement with the protest cannot conceal the fact that it is still a protest against the whole spirit of the time, which can express itself only through the instrumentalities that are natural to it. Anachronisms cannot be maintained even by universities, and the Yale, say, of 1850, when a paternal president gathered his little group of faculty and scholars about him under the New Haven elms and discoursed wisdom, is beyond recovery. What, of course, can be done is to adjust the best that was in the old to the conditions of the new. In this particular question it seems...

Author: NO WRITER ATTRIBUTED | Title: Education, Inc. | 1/8/1931 | See Source »

...Commission's methods before the Senate Interstate Commerce Commission were largely responsible for subsequent legislation to reorganize the Federal Power Commission on a full-time non-Cabinet basis (TIME, March 10). The discharge of Messrs. Russell and King, stirred Senator Walsh and others to loud and threatening protest. Senator Walsh bluntly wrote Chairman Smith: "I am unable to interpret this action in any light except as punishment of two devoted public servants. . . . Not a word has ever been uttered against either implying anything more than excessive zeal in safeguarding the interests of the public...

Author: /time Magazine | Title: UTILITIES: Backfire | 1/5/1931 | See Source »

...first his favorite-consolidating them, selling stock in the merger at four or five times its actual value. Came the Wall Street crash and World Depression. Banque Adam, Oustric et Cie and other Oustric companies failed for a total of $56,000,000. Among the many roars of protest from bilked investors it was loudly charged that Raoul Peret, Minister of Justice, had been receiving secret sums from the Oustric bank. Prime Minister Tardieu defended his minister in the Chamber, was booted out of power by the Senate (TIME, Dec. 15). Last week the Oustric case grew hotter & hotter. Clement...

Author: /time Magazine | Title: FRANCE: Further Oustric | 12/29/1930 | See Source »

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