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...only proper one submitted. Chairman Thomas Ventry O'Connor of the Board took the matter to President Hoover. No doubt both were somewhat at a loss, for while Mr. Franklin complied with all conditions, Mr. Chapman offered more money. The Board, sympathetic with Mr. Chapman, allowed him to amend his bid, assume full responsibility for S. S. Leviathan instead of treating her as a monster stepchild...

Author: /time Magazine | Title: Business & Finance: Shipping Chapter | 9/7/1931 | See Source »

Immediate Results. Into the bill baskets of Congress was sluiced a flood of proposals to amend the 18th Amendment as suggested by the Commission. They all went into dusty filing cabinets along with the Commission's report...

Author: /time Magazine | Title: PROHIBITION: Wicker shambles | 2/2/1931 | See Source »

...weep. Your statement that the destruction of my wrecked "web" brought down several Boston trust companies is perfidious. Under any other form of government, it would call for a challenge to a duel. For this time, I shall refrain from perforating your hide on condition that you make public amend by printing this letter verbatim...

Author: /time Magazine | Title: Letters, Jan. 26, 1931 | 1/26/1931 | See Source »

Within three years some seven billion dollars worth of Liberty Loans at rates as high as 4½% will become callable. Secretary Mellon in his annual report hinted at a major long-term refinancing operation at lower interest rates when he asked Congress to amend the Liberty-Loan Act so as to authorize him to issue eight billions in new bonds...

Author: /time Magazine | Title: FISCAL: Cheapest Money | 12/15/1930 | See Source »

...Passed a bill to amend the Pure Food and Drug Act by requiring canned foods below a certain grade to be distinctively labeled, again rejecting theTydings amendment to prohibit insertion of deadly poi- sons in industrial alcohol. ¶ Passed a bill to establish a division of (criminal) identification & information in the Department of Justice. ¶ Passed a bill to create a Bureau of Narcotics in the Treasury Department. ¶ Adopted a joint resolution making July 5 (Saturday) a legal bank holiday in the District of Columbia for this year only. ¶ Passed a bill amending the Federal Farm Loan...

Author: /time Magazine | Title: CONGRESS: The Senate Week Jun. 16, 1930 | 6/16/1930 | See Source »

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