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...disclosure of the circumstances under which President Wilson and he had decided that the German patents should be sold: " It was the darkest hour of the War. . . . It was about the time that General Haig had said that Great Britain was fighting with its back to the wall. . . . the Secretary of War (Mr. Baker), on returning from the front told a party of 20 men at the house of Hugh Wallace . . . that it was the general opinion that Paris was about to fall and that the Channel ports would be taken. Although that was serious, he said, he thought...

Author: /time Magazine | Title: National Affairs: The Darkest Hour | 7/9/1923 | See Source »

...blessed with a son and daughter, as was also his brother Sam, while the fun-loving Tom became the father of a pair of lively twin boys." Dick, Tom, and Sam now live in adjacent dwellings on Riverside Drive. They would. And all three are in business in Wall Street - with The Rover Company, Inc. - and undoubtedly they lunch together on crackers-and-milk, that manna of the American business man, and they have the newest radio sets and sometimes get Cuba on them-they brush their teeth with the newest well advertised dentifrice-just solid, honest, Godfearing, 100% Americans

Author: /time Magazine | Title: Books: Dick, Tom, Sam | 7/2/1923 | See Source »

...unprofitable that the house was compelled to enter new and previously untried financial fields. With very faulty but not uncommon judgment, the house began to float petroleum securities in the boom of 1919-20. Heavy losses were sustained in Simms Petroleum, which took a greater toll from supposed "Wall Street insiders" than from the general public. The last venture was in Mexican Seaboard, whose sharp drop was the occasion of the firm's insolvency. Rumors caused a run of frightened customers and the failure became inevitable...

Author: /time Magazine | Title: Business & Finance: Big Board Failures | 7/2/1923 | See Source »

Unlike "K. N. & K.," the failure of Zimmerman & Forshay was quite unexpected. No mention of its name had been made in the excited rumors of Wall Street. Even President Crowell of the Stock Exchange was unaware of its critical condition. The house was, in fact, solvent on paper at the time of its failure, but its assets, including claims against the Alien Property Custodian, were frozen. The concern had long been known for its dealings in foreign exchange and silver bullion. Before the establishment of the Reserve System, the firm had during panic times done a curious but successful business...

Author: /time Magazine | Title: Business & Finance: Big Board Failures | 7/2/1923 | See Source »

...Wall Street is betting 5 to 2 on Dempsey over Gibbons, with interest slack and little money in sight...

Author: /time Magazine | Title: Modest Jack | 7/2/1923 | See Source »

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