Word: three-year
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...adviser in Religion was established in 1930 because the University thought it would be advantageous to have a full time pastor. To avoid confusion with University preachers, he was given the title of Adviser in Religion. Harris came from Ann Arbor, Michigan, to fill the position on a three-year experimental contract...
Having two weeks ago postponed its debt problem by declining to call the 4th Liberty Loan for refunding (TIME, April 24), the U. S. Treasury last week took action on at least part of its problem: offered for sale $500,000,000 of 2⅞% three-year Treasury notes. To encourage small investors the bonds were offered in denominations as low as $100, and the Treasury declared its intention of trying to allot in full all subscriptions up to $10,000. Within a few hours banks announced a heavy subscription. Success of this issue will make it easy...
...Loan Corp. would offer the mortgage holder perhaps $6,000 in bonds for the dubious $8.000 mortgage. The bonds would bear 4% interest, guaranteed by the Treasury. John Homeowner would pay 5% interest to the Government on his reduced mortgage, would have 15 years, with the possibility of a three-year extension, to make principal payments. The Government would also offer John Homeowner a small sum at 5% for repairs and payment of tax arrears...
Further appointments will be made next year, and the plan ultimately calls for a group not exceeding 24 men, who will be selected "for their promise of notable contribution to knowledge and thought." The Junior Fellows will be appointed for a three-year term, and will receive free board and rooms in the various Houses, and a yearly stipend of $1250, as well as free use of all the facilities of the University...
...Janssen left Dartmouth he took a $3-a-night job playing the piano in Leo Reisman's band in Boston. He drifted to Manhattan, conducted in cinemansions, wrote popular tunes ("Dancing Honeymoon") and New Year's Eve in New York, an ambitious work which won him a three-year fellowship at the American Academy in Rome...