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...expected to establish as soon as possible a Development Company for North China: "I have assumed the Presidency of the South Manchuria Railway with the firm determination to become active on the Asiatic mainland. Japan is going to start operations in North China. The arrow has left the bow! Most Japanese do not yet understand the great importance of these operations, and this lack of understanding will beyond doubt cause a really serious national crisis. The progress of these operations will decide the destiny of the Japanese race and its rise or fall in the World. To carry through these...

Author: /time Magazine | Title: Foreign News: Fascist Revolution? | 8/12/1935 | See Source »

...shop equipment, electric refrigerators, oil burners and finally into the textile factoring business. But he was not averse to increasing his automobile business by acquisition of Henry Ford's financing company, Universal Credit Corp., in 1933. Today CIT finances the sale of Graham-Paige, Hudson, Nash, Reo, Pierce-Arrow, Studebaker and Ford...

Author: /time Magazine | Title: Business: Credit for Sale | 8/12/1935 | See Source »

...Arizona and Indian Motorcycle Co. He financed lead, zinc and coal mines, street railways, handled the sensational Midvale Steel financing during the War when the stock rose from 290 to 500. He refinanced American Woolen Co. and Tobacco Products Co., launched Cuban Cane Sugar Co., got control of Pierce Arrow Motor Car Co., organized Submarine Boat Corp. and the Wright-Martin Aeroplane Co. Fat, good-natured, bald, a tireless worker, a devoted family man, Thompson chewed tobacco, underpaid his employes and, as one of the greatest gamblers of his time, discharged them for gambling. He collected minerals, built beautiful homes...

Author: /time Magazine | Title: Books: Disillusioned Millionaire | 8/12/1935 | See Source »

...From the Fierce-Arrow plant at Buffalo two swank blue limousines were sent to Washington. Both were rated to do 110 m.p.h., both fitted throughout with bullet-proof glass, both had bodies armored with an invisible protection of bullet-proof steel plate. One was addressed to J. Edgar Hoover, chief bandit hunter of the Department of Justice, the other to Franklin D. Roosevelt...

Author: /time Magazine | Title: THE PRESIDENCY: Limited Power | 6/3/1935 | See Source »

Most luxurious of all Wagons-Lits trains are now its all-steel, so-called ''Pullmans," sumptuous sitting-room cars with chairs and tables, first introduced on the Paris-London Golden Arrow. But to Europeans the train of glamor remains the Orient Express, weathered and creaky though many of its sleepers...

Author: /time Magazine | Title: Foreign News: Orient Express | 4/29/1935 | See Source »

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