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...which the notes were issued to meet was some $970,000,000. Secretary Mellon's dislike of the high-rate situation was reflected in the small amount of the new issue. Only $525,000,000 were authorized, whereas $600,000,000 or more had been confidently predicted by Wall Street. The balance of the Treasury's September bill, which with interest on the public debt will amount to some $1,040,000,000, must be met by September income tax receipts...

Author: /time Magazine | Title: THE CABINET: The Last Liberties | 9/17/1928 | See Source »

There are those who earn their daily bread by being beggars. Visitors to Palestine remember particularly the beggars who cluster by the old Wailing Wall in Jerusalem...

Author: /time Magazine | Title: PALESTINE: Daily Bread | 9/10/1928 | See Source »

Strangely aloof from the excitement of Manhattan's Wall Street is neighboring Hanover Square. While Wall Street appears to be what it actually is-the financial centre of the world's greatest city -Hanover Square seems more like a respectable and long-established village...

Author: /time Magazine | Title: Business & Finance: Gamblers in Silk | 9/10/1928 | See Source »

...remote is Hanover Square from the feverish doings of Wall Street that the casual visitor might leave with the impression that little business finds its way there. For such a visitor would not be likely to see the ringlike tables which themselves form a ring about Hanover Square...

Author: /time Magazine | Title: Business & Finance: Gamblers in Silk | 9/10/1928 | See Source »

...recent stock trading days has been buying Paramount-Famous-Lasky stock. That somebody, it became clear last week, was affiliated with E. I. du Pont de Nemours & Co., which among its multifarious investments controls Du Pont-Pathe Film Mfg. Co. (Eastman Kodak rival). So the inference gained credence in Wall Street that du Fonts would soon be on Paramount-Famous-Lasky's directorate...

Author: /time Magazine | Title: Business & Finance: Mergers: Sep. 10, 1928 | 9/10/1928 | See Source »

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