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...Countries may indeed last forever, as Wriston says, but governments do come and go. More to the point, even if they do not go, they can stop payments, whatever the cost-most likely no more access to the world's credit markets. In the mid-1800s, when the U.S. was a developing nation, four American states (Pennsylvania, Maryland, Louisiana and Mississippi) defaulted on British loans. Though three subsequently paid up, Mississippi is still listed in London as a bad debtor; it owes $5 million for a bond issue, excluding interest. More recently, whole countries have repudiated their foreign loans...

Author: /time Magazine | Title: The Debt-Bomb Threat | 1/10/1983 | See Source »

...fraternities, all of which had chapters at Princeton in the 1800s, would not have their own houses, would not provide eating facilities and would not host parties, William F. Robinson II, Princeton class of '51, an organizer of the Council for Fraternities at Princeton, said recently...

Author: By James S. Mcguire, | Title: Princeton Fraternities | 4/17/1982 | See Source »

...Marine Corps, according to Trowbridge, have recruited Harvard seniors since the late 1800s...

Author: NO WRITER ATTRIBUTED | Title: Conservative Club Confronts Communists Over Marine Visit | 3/24/1982 | See Source »

...that far. Yet it was they who confirmed that, indeed, alltime low-temperature records were broken in Chicago (-26°F) and Augusta, Ga. (1°), among other places, while Atlanta ( - 5°), Milwaukee (-25°) and Cincinnati (-14°) had not been so cold since the 1800s. Single-day records for the date were set in Washington (2°), Philadelphia (1°), St. Cloud, Minn. ( - 30°), and in nine Florida cities, including Miami (33°), Orlando (23°) and Tallahassee (14°). The cold in Florida froze perhaps 84% of the state's unharvested citrus...

Author: /time Magazine | Title: The Numbing of America | 1/25/1982 | See Source »

Since it became a full-fledged honor society in the mid-1800s, ΦBK's commitment to academic excellence has not wavered. Higher education in America is changing. Today the selection of an elite appears to be no easy task. Colleges differ markedly in quality. There are about 2,000 four-year institutions in the U.S. The national ΦBK office in Washington, D.C., has 20 file drawers full of applications for new chapters. But it now limits membership to 228 colleges and universities and will not grant any new chapters without personal visits to assess the quality...

Author: /time Magazine | Title: Education: Two Centuries of Elitism | 12/28/1981 | See Source »

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