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Five stories below Wall Street are the vaults of the U. S. Assay Office. How they protect the gold stored within them is a closely guarded secret. Since the bomb explosion of 1920, which occurred while the building was being erected, the Assay Office has allowed no visitors within its portals, no customers behind its desks...

Author: /time Magazine | Title: Business: Moving Bullion | 7/18/1932 | See Source »

Last week the Assay Office was being moved into new quarters. Wall Street felt glad to be rid of it, for noxious fumes have belched from its ungainly chimney. To complete the moving, a billion dollars worth of gold and $70,000,000 in silver will have to be transported to the new building at South Street and Old Slip. The date and method of the moving were kept tomb-secret, although officials publicly estimated that it would take from 13 to 26 days. Also secret is the nature of the construction of the new building's great vaults...

Author: /time Magazine | Title: Business: Moving Bullion | 7/18/1932 | See Source »

Purpose of Fleet Problem No. 13, which followed the Grand Joint Exercise in Hawaiian waters, was to assay the vulnerability of the Pacific Coast to a mighty naval armament convoying troops, and the possibility of warding off such an attack by a lighter, more mobile defending force. The Blue attackers, under the command of Admiral Richard Henry Leigh, commander of the Battle Forces, consisted of nine battleships, four light cruisers, 23 destroyers, one mine layer, four light mine layers, aircraft carrier Saratoga ("Sister Sara"), 104 planes, 18 auxiliary craft representing 30 troopships. The Black defenders, commanded by Vice Admiral Arthur...

Author: /time Magazine | Title: ARMY & NAVY: Fleet Problem No. 13 | 4/4/1932 | See Source »

...pieces) were advertised in French newspapers last week at $21.50 (550 fr.); the price has been as high as $25. A profitless nuisance to New York banks. Jean Frenchman, if he still wants eagles, must now send an agent to a Federal Reserve Bank or the U. S. Assay office. (Avaricious U. S. citizens can, of course, continue to get eagles from any bank?see P-15-) Meanwhile, Bombay banks continued to send gold to London, boosted English bullion reserves over native protests. And, more important, the tireless quest for virgin gold kept on. The best spot heralded last week...

Author: /time Magazine | Title: Business: Eagles to France | 2/15/1932 | See Source »

...week. Fresh from the Philippines, tall, square-shouldered Secretary of War Patrick Jay Hurley marched into the White House and began telling his chief what he had seen and heard on the other side of the world. Three months ago "Eyes & Ears" Hurley, under presidential orders, left Washington to assay the growing Philippine independence movement at its source (TIME, Aug. 10 et seq.). Now comfortably seated before the President, one leg cocked over the other, Secretary Hurley gave his impressions...

Author: /time Magazine | Title: TERRITORIES: No Independence Tomorrow | 11/9/1931 | See Source »

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