Word: three-year
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...deal, the Nickel Plate floated $20,000,000 in 6% notes due in 1932. But when the notes matured, the Nickel Plate was losing $4,000,000 a year (it earned $7,000,000 in 1929) so the road paid 25% of each note in cash, got a three-year extension from the noteholders for the rest. In 1935 things were no better and the maturity date was again extended...
...This first general revision in corporate bankruptcy laws in 40 years was passed by Congress last June. Named for its introducer, Representative Walter Chandler of Memphis, the Chandler Act is actually the baby of the SEC, whose Chairman William O. Douglas was made a commissioner in recognition of a three-year study of corporate bankruptcies. One of Bill Douglas' assistants then was Samuel O. Clark Jr., a Yale lawyer of the type Douglas, a Yale law professor, likes. Last July therefore Chairman Douglas made 38-year-old Sam Clark director of SEC's new Reorganization Division...
...picturesque contrast with modern medicine was Hertzler's three-year course at Northwestern. Later he supplemented his education by correspondence courses and two years' study in Germany. His quaintest Americana are his adventures in kitchen surgery. Paying sick calls was no cinch. Horse & buggy covered 20 miles in half a day, while "Pop" shot rabbits and fence posts, read, slept, fought blizzards and dogs that were as bad as the roads. As standard instruments he carried a six-shooter for the dogs, wire cutter, shovel and hammer to cut through fences when he got lost in blizzards...
...Agreed to consider defense testimony from American Telephone & Telegraph Co. in defense of monopolistic practices. After a three-year investigation at a cost of $1,500,000, Federal Communications Commissioner Paul Walker three months ago submitted to Congress his preliminary report on A. T. & T., suggesting among other things a 25% cut in telephone rates (TIME, April 11). A. T. & T. claimed that it had been refused the right to cross-examine witnesses and offer a prepared defense. Last week. FCC agreed to consider such defense before submitting its final report to Congress...
...misunderstanding." Dr. Conant had asked the economics department to recommend two of its seven instructors for promotion. The department, unaware that this meant the dismissal of the other five, chose two more experienced members, but considered Drs. Walsh and Sweezy so promising that it asked for a three-year renewal of their appointments.*Thereupon, President Conant fired the two instructors, ignored the department's protests...