Word: slice
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...only $500,000,000 (TIME, Aug. 14) but this limit was greatly exceeded to accommodate an army of small investors whose subscriptions were allotted in full. After the Treasury had deducted its exchange of old securities for new, met a batch of maturing obligations and paid a small slice of interest on the Public Debt, it had a cash surplus of $489,755,150 on the day's transaction. When this was dumped into the national till, the Treasury's total cash balance amounted to $1,247,389,348-a peacetime record...
When pedagogs from all over the land gathered last week at Columbia University for a conference such as Teachers College is forever holding, they were nearly unanimous about one thing. On the U. S. platter are three billions for public works. How about a slice for Education? Dean William Fletcher Russell asked for "a fair share," at once, in any form. Professor George Drayton Strayer asked for a billion. Six State Commissioners of Education gloomily chorused about retrenchments, pay cuts and shut-down schools in Alabama, Missouri, Tennessee, Washington, Massachusetts and Maine. Two of them pleaded piteously for Federal...
...upon the sea. He announced that he had added New York Shipbuilding to the lengthening list of Cord companies, most important of which are Auburn Automobile and Aviation Corp. Next day the Navy Department dished out its New Deal contracts and Mr. Cord's shipyard got the biggest slice of all-a $38,450,000 order for two 10,000-ton cruisers and four destroyers (see p. 10). The youngish onetime automobile salesman was at his home in Beverly Hills, Calif. when these things happened. In Manhattan, his hardworking, hard-bitten second-in-command, Lucius Bass ("Lou"') Manning...
Ford made railroad news. He promised the roads a bigger slice of his business. Reason was not that Henry Ford has any particular sympathy for U. S. railroads but that his automobiles are not satisfactorily delivered under his present "drive-out" system. Dealers, fetching Fords from the 32 U. S. assembly plants, grow weary of holding their new cars down to the breaking-in speed (30 m.p.h.), step on the gas and damage the motor. "Drive-out" deliveries will be sharply restricted in future. Deliveries of 200 mi. or more will go to the railroads...
...state, municipal and local government debts, $1,000,000,000 is today in default not counting another large slice not yet technically so listed. Not less than 410 cities and towns have defaulted on their bonds. This is not a bad record compared to industry's defaults, but it is a nasty record considering the fact that cities, unlike industries, have legal authority to collect revenue in bad times as well as good...