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First was Savings Banks Trust Co.. capitalized at $107,500,000 on which the R. F. C. on the recommendation of Brain-trusty Adolf Augustus Berle Jr., put up $50,000,000 and the savings banks the rest. Banks which own stock in the trust company may, should the need arise, discount their bonds at S. B. T. just as a commercial member bank discounts its assets at the Federal Reserve. And S. B. T. itself can obtain Federal Reserve credit...

Author: /time Magazine | Title: Business & Finance: Pooled Savings | 7/17/1933 | See Source »

Last week Secretary of the Navy Claude Augustus Swanson,71-year-old Virginian, issued his first policy sheet for the U. S. Navy under Democratic rule. The last general statement of naval policy was made Aug. 4, 1931 by Secretary Adams but soon became a dead letter because of President Hoover's indifference toward the Navy. Now the Navy has a great & good friend in the White House-a fact which gave the Swanson Policy Sheet a new ring of determination, sent a thrill of hope and elation throughout the service. Like his predecessor, Secretary Swanson promised: "To create...

Author: /time Magazine | Title: ARMY & NAVY: Policy Sheet | 7/10/1933 | See Source »

Given. By Charles Augustus Lindbergh: his memory-haunted estate near Hopewell. N. J., "to provide for the welfare of children, including their education, training, hospitalization and other allied purposes without regard to race or creed." Col. Lindbergh organized non-profit-making High Fields Corp., to hold the estate. Since the kidnapping of their son (TIME, March 14, 1932 et seq.) the Lindberghs have lived at the Morrow home in Englewood. N. J. and, fearing morbid exploitation, have refused all offers for the Hopewell estate...

Author: /time Magazine | Title: Milestones, Jul. 3, 1933 | 7/3/1933 | See Source »

...obedience to Admiral Richard Henry Leigh's edict against Navy profanity (TIME, May 29), Secretary of the Navy Claude Augustus Swanson announced that he had "stopped cussin...

Author: /time Magazine | Title: People, Jun. 19, 1933 | 6/19/1933 | See Source »

...Louis University Dean Edward Augustus Fitzpatrick of Marquette University .... Litt.D...

Author: /time Magazine | Title: Education: Kudos Jun. 19, 1933 | 6/19/1933 | See Source »

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