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Soon afterward The Hague Conference made Philip Snowden a world figure (TIME, April 19, 1929, et seq.) and "the final settlement of Reparations on a business basis at The Hague" made it possible to sell 96 millions of Germany's obligation to the U. S. public in bonds enthusiastically subscribed above par. This year these so-called "Young Plan Bonds" (German Government 5½s) have sold as low as 24¼ but climbed little by little to 39 fortnight ago and to 49 last week...
When he thus apologized Premier Baron Strickland hoped he had ended his feud with the Bishops (TIME, May 19, 1930 et seq.), a feud so bitter that His Majesty's Government found it necessary to dissolve Parliament and to rule Malta for the past two years by royal decree. To hold an election was something Baron Strickland dared not do unless the Bishops would withdraw their pastoral letter of May 1930 warning Catholic voters not to vote for his Constitutionalist Party. The Bishops, having received the Premier's apology, withdrew their letter. Breathing easier, Baron Strickland announced an election which...
After Samuel Insull's gigantic utility empire began to crack up (TIME, April 18 et seq.), people thought the bankers would keep the Dean of Utility Operators to help them salvage the wreckage. But last week 73-year-old Samuel Insull resigned from the chairmanship of his three finest operating properties, Commonwealth Edison Co., Peoples Gas, Light & Coke Co., Public Service Co. of Northern Illinois. Said he: "Due regard for my health necessitates my retirement. . . ." He also re-signed as one of the three receivers of Middle West Utilities, subject to court approval. But La Salle & Wall Streets, noting...
...hope of catching a great big Democratic bear with its paws all sticky with short-selling honey, Senator Peter Norbeck's Banking & Currency Committee last week resumed its investigation of buying & selling practices on U. S. stock exchanges (TIME, April 25, et seq.). John Jacob Raskob was on the witness stand. Witness Raskob quietly sought to prove that his principal business is "trying to make good Democrats out of misguided Republicans," not being a big bad Bear...
Robert Stanley Dollar, son of the late Capt. Robert Dollar, was elected president of United States Lines Co, of Nevada, successor company to Paul Wadsworth Chapman's United States Lines, Inc. (TIME, Aug. 17, et seq.). The new U. S. Lines was backed by the Dollar-Dawson-Roosevelt-International Mercantile Marine interests. Although Mr. Dollar will be president of the company as originally intended (business matters made him delay his election, William F. Humphrey, attorney for Herbert Fleishhacker temporarily took the post) the active management will be in the hands of Roosevelt Line officers: Philip Albright, Small Franklin, Kermit...