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Then came the final, fatal trip, the journey of President and Mrs. Harding westward across the Continent, leaving the White House in the process of renovation?not knowing that the mansion was being made ready for a new tenant. As Elbert H. Gary gave word that the steel mills were going to give up their 12-hour day, as Edward W. Bok offered a prize of $100,000 for a practical peace plan and announced a committee in charge of the award, including as a member one John W. Davis, quondam Ambassador to the Court of St. James?speeding west...

Author: /time Magazine | Title: Of Yesteryear | 11/10/1924 | See Source »

Alloy. Through the fourth wall of a miserable millworker's hut in a steel town the audience is permitted to gaze at one of the most sordidly natural tragedies now open for inspection. It is a man-and-wife tragedy. The man is a drunkard and a beast. The woman is driven into the protecting arms of the family boarder. Vigorously written and vividly performed by Minna Gombell, the part of the girl carries the evening's interest. The saccharine platitudes and copybook virtue of the boarder (Ivan Miller), take the edge off the climax. If he were an individual...

Author: /time Magazine | Title: Theatre: New Plays: Nov. 10, 1924 | 11/10/1924 | See Source »

When the directors of Bethlehem Steel some time ago decided to pass the common dividend, considerable pessimistic comment was occasioned about future prosperity for the "independent" steel companies. This attitude was, for the time being at least, borne out by the company's statement for its third quarter this year, ending Sept. 30. During these three months, total income was $6,495,731; after interest, etc., of $3,466,107 and depreciation and depletion of $2,927,457, the net income amounted to only $102,167, or nowhere near enough to cover preferred dividends...

Author: /time Magazine | Title: Business & Finance: Bethlehem Steel | 11/3/1924 | See Source »

...difficulty with Bethlehem Steel would therefore appear to be mainly overcapitalization. Owing to Wartime prosperity and post-War mergers, the company has very considerably increased the amounts of its outstanding stock and bonds. Now, in normal times, it remains to be seen whether earnings will be large enough to pay dividends on the generous scale formerly practised...

Author: /time Magazine | Title: Business & Finance: Bethlehem Steel | 11/3/1924 | See Source »

...great day of Portland cement did not set in until cheap structural steel became a commonplace. The reinforced concrete building then came in, as well as concrete roads, concrete canal locks and railroad abutments and many other forms of substitution for solid stonework. Without concrete no less than fabricated steel, the modern skyscraper could never have been built...

Author: /time Magazine | Title: Portland Cement | 10/27/1924 | See Source »

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