Word: silk
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Like a conjurer bringing himself out of a silk hat, a little natty man with a toothbrush mustache entered a Manhattan speakeasy one evening last week very quietly. He knew his getting out of the hat at all was a sensation. Last seen in a Paris jail after a U. S. woman missed a $100 American Express check, Harry F. ("Mike") Gerguson ("Prince Michael Alexandrovitch Dmitry Obolensky Romanoff"), 42, all-time amateur impostor, ordered a cup of coffee after a six-day fast and sent a note to friends at another table, "Sorry to have disturbed you but I have...
Paradoxically the fall of the yen since it went off gold (TIME, Dec. 21, 1931) has now produced a nationwide "inflation boom." Silk raisers who received about 1,500 yen per bale of raw silk in 1929 and were forced last July to sell at the "panic price" of 450 yen, now get 900 yen and exult that "silk prices have doubled in the last half year...
Obviously this "doubling" is due almost entirely to the fall of the yen (foreign silk buyers who paid $150 per bale last July now pay $180) but the Japanese silk raiser reaps real benefit from the higher price in depreciated yen because he has not raised the yen-wages of his help. Thus far Japanese food prices have not risen much in yen because the Empire eats chiefly fish and rice produced by yen-paid Japanese. Net result of this situation has been to increase the competitive power of Japanese exporters in world markets, shoot the volume of Japanese exports...
...block of silver. He got himself elected lieutenant governor, divorced his wife, Augusta, to marry a mining camp belle named Baby Doe. President Arthur attended the wedding, in Washington, just after Haw Tabor had wangled himself a seat in the U. S. Senate. Tabor spent $1,000 on a silk and lace nightshirt with gold buttons; he was swindled out of a fortune trying to buy as a present for his wife the jewels which legend says Queen Isabella pawned to finance Christopher Columbus; for great occasions he sprinkled gold dust on his carriage horses. William Jennings Bryan, when...
...years the paper barely eluded the sheriff. Then Publisher Lamade organized a lottery (legal in those days), with prizes of a piano, a gold watch, a marble-top chamber suite, a rifle, a silk dress pattern. Four coupons clipped from Grit bought a chance. Few months later the paper was out of debt; its circulation (initially 1,500) was 14,000. The three proprietors shook hands, raised their own wages from...