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...National Education Association reported that 57% of U. S. cities have maintained regular salary schedules, are giving customary increases where they are provided for. Upward revision of salary schedules is rare, but 74 New Jersey cities planned...
...present depression. Between 1925 and 1929, there were thirty-three general revisions or substantial tariff changes, nearly all increases, among the twenty-six countries of Europe, and seventeen among the twenty republics of Latin America. In 1927 and 1928 Australia, Canada, and New Zealand made broad tariff revisions, generally upward. Several Asiatic countries achieved the right to make their own tariffs and promptly released their duties--Siam in 1927, China and Persia in 1928. When prosperity collapsed, the increase in duties continued at an accelerated rate...
...advance in the American tariff in June, 1930, was followed during the next eleven months by more or less general upward tariff revision in twenty five countries. In two principal ways these rising tariffs have undermined the world's prosperity--first, by misdirecting the investment of capital and thus prolonging and aggravating many maladjustments which had grown up during the war between the supply of commodities and the demand for them; second, by preventing trade from adjusting itself to the new international debtor-creditor relationships created by the war and the peace treaties...
Spectacular even in Bull Market days was the upward rush of Goldman Sachs Trading Corp. common stock ($108 to $224 in two months). One day last week Goldman Sachs made another spectacular jump but this time only from $1.88 to $3.63. As soon as Goldman Sachs started jumping last week Wall Streeters guessed at what was coming. Last spring it became known that Tri-Continental Corp. was angling for a large interest in Goldman Sachs. When Tri-Continental ceased angling, it was rumored that Atlas Utilities Corp. was working out a deal...
Into Asia Minor Dr. Breasted has followed his upward-struggling human animal, to uncover layer upon layer of successive towns-"layer cakes of civilization"-over a range of 5,000 years. By this time man had learned to write in cuneiforms, and in cuneiform tablets at Alishar Dr. Breasted brought to light the last remnants of Hittite speech. Meanwhile the Egyptians were going forward, had learned to write on the sides of their cedar coffins. Texts of these writings which the Institute has been translating for nine years, reveal, says Dr. Breasted, "the dawn of conscience." In Sakkara...