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...border the U. S. and Canada last July signed a treaty to construct a $543,000,000 seaway along the St. Lawrence River connecting the Great Lakes and the Atlantic (TIME, July 25). Last week Senator Borah and his Foreign Relations colleagues sat down to hear what was wrong with this pact. In five days, opponents of its ratification piled up such a mountain of objections that even its friends admitted it had little chance to get through the coming short session...

Author: /time Magazine | Title: TRANSPORTATION: Seaway Attacked | 11/28/1932 | See Source »

...maintain an active market, necessary in stocks for investors and in commodities for merchants who must hedge their purchases of raw materials. Speculator Cutten, well aware that further regulation threatens the wheat pit, which "is for me as the deck of his ship to a sailor," insisted: "Speculation is wrong when it is done with other people's money, but who other than the speculators are going to assume the necessary risks of commerce which cannot and should not be borne entirely by the merchants? Do not tell yourselves that we can dispense with these risks. They are part...

Author: /time Magazine | Title: Business & Finance: In Praise of Speculation | 11/28/1932 | See Source »

Outlining the struggle between Campion and Daniel, the lecturer offered the opinion that Campion was not altogether wrong in his opinions, nor was he downed by his adversary, but that the result of the contest was to establish the fact that the Latin meters cannot be followed in our language. "Moreover," continued Professor Eliot, "the great achievement of Elizabethan verse is its development of blank verse, which it originated. The controversy derives its main importance, however, from the fact that it is one instance of a struggle between national and foreign elements; it is from this that our greatest literature...

Author: NO WRITER ATTRIBUTED | Title: Eliot, in Second Norton Lecture, Discuss Elizabethan Poetry and Criticism--Outlines Campion-Daniel Strife | 11/26/1932 | See Source »

...lacks genuine sympathy with the best kind of scholarship or who does not command respect for his own intellectual attainments is disqualified for holding any high position in a university. The suggestions for making a business man President and leaving educational policy to the Deans are on the wrong track...

Author: NO WRITER ATTRIBUTED | Title: THE NEW HARVARD PRESIDENT | 11/23/1932 | See Source »

...unpopular theme to advance, it might safely be said that, despite waste, this country does not spend enough of its national income on government costs. Although such expenses as the department of commerce or appropriations for harbors or unnecessary veteran expenditures might well be cut, it would be very wrong to slash the department of labor, particularly the childrens' bureau, or invalidate the advances made in civil service. Under the federal policy of the United States, essential costs of government are too much at the mercy of a depression...

Author: NO WRITER ATTRIBUTED | Title: THE KING'S ENGLISH | 11/21/1932 | See Source »

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