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...escape the draft. Before the hearings opened the steelmasters, confronted by Madam Secretary Perkins and General Johnson, backed down on the company union provisions of their code, thus permitting the dispute to shift to the coal fields where they hoped to fight it out obliquely. Though her major target thus disappeared, Madam Secretary Perkins had many another serious fault to find with the steel code. She flayed its low pay and long hours so effectively that the steel code was sent back into conference for revisions. Fagged by her efforts and Washington's heat, Miss Perkins dropped...

Author: /time Magazine | Title: LABOR: Truce at a Crisis | 8/14/1933 | See Source »

...Fourteen passengers whooped with excitement, flattened their noses against the windows as the ship's nose went down. They saw a herd of about 200 elephants of assorted sizes; then another, then a third. "Can you imagine our feelings? And funny none of us thought how grand a target they made. They looked so peaceful and contented. . . ." The Martin Johnsons were waiting at Kisumu (on Lake Victoria) with a big Sikorsky, flew them to the Nairobi ranch, amazed them with a dinner that any U.S. hostess might have been proud of- cocktails and caviar, soup, fish, roast turkey...

Author: /time Magazine | Title: Animals: Davisons in Africa | 8/14/1933 | See Source »

...More than once the target of bear raids, Chicago & North Western Ry. was reported one day last week to be contemplating bankruptcy. The stock tumbled from $8.75 a share to $3.50. Within a few hours the reports were denied, the stock snapped back to $7.50. The New York Stock Exchange promptly started an investigation. But there was real ammunition for bearish rail operators in the fact that Chicago, Rock Island & Pacific did slip into bankruptcy, and Atchison, Topeka & Santa Fe cut its preferred dividend from $5 to $3, first reduction since 1901. Bullish operators joked about Baltimore & Ohio...

Author: /time Magazine | Title: Business & Finance: Downtown | 6/19/1933 | See Source »

Rather than Banker Morgan & Partners the real target of the tax uproar was seen to be the capital gains & losses provision of the Revenue Act. For the House of Morgan that provision came into play for tax reduction purposes when on Jan. 2. 1931 S. Parker Gilbert was about to be taken into the partnership. As usual, the old partners sold the business to the new partners by a revaluation of assets which showed a capital loss of $21,000,000. By apportioning this among the partners, they were all legally able to show the Treasury that their income...

Author: /time Magazine | Title: TAXATION: Gains & Losses | 6/5/1933 | See Source »

...Work, Golf and Work," say his friends, are Frank Aydelotte's hobbies. Golf he shoots under So. Work he does at high speed. Bald, far from handsome (his large ears are always a target at the annual Swarthmore ''Hamburg Show''), he is dynamic and persuasive, with a disarming sunny smile. He talks forcefully, sometimes lurching a shoulder forward, sometimes clasping hands on his stomach and swaying. He it was who in 1918 persuaded the Rhodes Trust to let new Scholars be chosen by old ones, and got the job of managing it for himself...

Author: /time Magazine | Title: Rhodesmen at Swarthmore | 6/5/1933 | See Source »

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