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...Public Debt of the U. S. last week stood at its all-time high?$27,160,804,446. Simultaneously nine issues of Federal bonds were selling at their all-time high. Treasury 4%'s, due 1944-54, could not be bought for less than 109 while Treasury 3??%'s due 1940-43, were quoted above 105. Liberty bonds at 3??% were more valuable than they had ever been since they were issued in 1917. No one who wanted to invest in a direct obligation of the U. S. Treasury could buy it cheap enough...
...speaking of the bold lead taken by beak-nosed Chancellor of the Exchequer Neville Chamberlain when he offered to holders of $7,500,000,000 worth of 5% British War Loan Bonds the alternative of asking repayment of their money in paper pounds or accepting new bonds paying only 3??% (TIME, Aug. 15). This example. M. Germain-Martin handsomely declared, gave him courage to offer holders of $3,332,000,000 worth of 7%, 6% and 5% French bonds either their money back or new bonds paying...
...nothing with it, flew in no events until the Amelia Earhart Trophy Race for the George Palmer Putnam Cup, for women exclusively, was reached. This race aroused much mirth among men pilots, caused much confusion to officials. The six starters were supposed to race 21 mi. around a 3?? mi. course. The first to start headed properly for the checkered turning pylon, then somehow got another idea and wandered off across country. Others mistook smokestacks for pylons, some found themselves on the 5-mile and 10-mile courses. One zoomed far aloft, another popped up from behind a grandstand...
...first throw, by Jules Noel of France, was a new Olympic record?157 ft., 2 in. A few minutes later, Noel's record was broken by Henri Laborde of Stanford, with 158:3. John Anderson of the New York Athletic Club smashed Laborde's trial record with 160:3??. Anderson's last qualifying throw, 162 ft., 4? in., was an Olympic record that will last till...
...Adopted a conference report on a House bill to reduce the interest rate on Bonus loans from 4½% to 3??% and to permit veterans to borrow half the face value of their certificates without waiting the prescribed two years after issuance; sent it to the President...