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...Today it costs $62 per ton. The decline in price is cited as the reason the newsprint makers, notably International Paper Co., have been going into the business of selling waterpower to make a side profit, and buying newspapers to ensure their market (TIME, Apr. 22, et seq.). The possibility of a price rise was cited by the American Newspaper Publishers' Association, convened last week at Asheville, N. C., as a potential menace. Said the publishers...
Seventeen minutes flat was the time it took Germany's famed "Iron Man," Dr. Hjalmar Horace Greeley* Schacht, to read entirely through before he would sign, last week, the Charter and Statutes of Europe's new Bank for International Settlements (TIME, Sept. 23 et seq.). The official text, adopted after a six-week negotiation by world potent bankers at Baden-Baden, is in English. Delegates from the U. S., Britain, France, Italy and Japan signed without conning over a document with which all, including Dr. Schacht, were excessively familiar. That made six signatures. The seventh?Belgium's?was not affixed...
Next day all Soviet news organs signalized Dictator Stalin's re-emergence by printing over his signature a slashing three-column article entitled The Year of Mighty Change! Exultant over what he considers the successful launching of his famed Five-Year Economic Program (TIME, June 18, 1928 et seq.), Comrade Stalin wrote...
Experience, said Oscar Wilde, is the name men give to their mistakes. Although there could be no general agreement as to whether or not the Stockmarket crash of Oct. 23 et seq. was a mistake, last week found most economists and many a businessman looking for the "lesson...
...Jersey women who one year ago believed that today they would be dead, were still alive last week but uncomfortable at the imminence of death. They are suffering from radium poisoning contracted while painting luminous watch dials for the U. S. Radium Corp. (TIME, June 4, 1928 et seq). The company, after law suits, gave each woman $10,000 and expenses...