Word: bankrupts
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...Moors in his address stated that the University had $50,000,000 of invested funds, drawing 5.1-2 per cent interest, and if these funds were invested at 4 per cent, as had been suggested, the University, would either go bankrupt or the students would necessarily pay a tuition fee of about $500. Following Mr. Moors, Dean Donham gave as the object of the Business School the turning out of potential executives, men who have already grasped the fundamentals of business and who deserve the confidence of their superiors...
...France during the revolution of 1789, Like France she has overthrown a dynasty of absolute monarchs in power for nearly three centuries, and now is in difficulty about finding another government. Dictatorship has followed republic, and monarchy dictatorship, anarchy filling the gaps between, until the nation is practically bankrupt. Dr. Wu Tingfang, the only truly great patriot China has had, is now dead; President Hsu Shih-chang has ruled and fallen, and Presidert Sun Yat-sen has proved unequal to the task of uniting the government under one central power...
...wars are imminent. A possible result; economic law will force either war, or some cooperation worthy of the name. Watchful waiting may be adequate in dealing with a Mexico, but for a group of nations so economically interdependent as those on the European continent, it is an economic impossibility. Bankrupt Europe cannot long afford a war or wars, should they break out; all the great governmental representatives--M. Tchitcherin, M. Barthou, Mr. Lloyd-George, Chancellor With--all of them,, like "all the King's horses and all the King's men" are powerless to change this fact. The tragedy...
...wish to point out that the Government only took over the operation of the C. N. R. because the railway had never paid its way, and had become virtually bankrupt under private management. Generous grants of land, subsidies, and guarantees of its loans had not availed to make the road a financial success, and since it seemed that the expenditure of government money on its behalf was destined to continue indefinitely, it was only natural that the government should finally take direct control of the expenditure of the funds it was furnishing. Incidentally it is very doubtful if the former...
...most serious difficulty in the way of solving these three fundamental problems constitutes a fourth problem; namely, the need of a stable, efficient, honest government. China is a republic only in name. The present rulers are military chieftains employing hired armies. The central government is practically bankrupt, and by the Chinese themselves is constantly charged with dishonesty. The provision of universal education, the installation of research in technical fields, the building of levees for flood control, the reforestation of the hills and mountains, the colonization of unproductive lands, the construction of railways, the securing of labor laws, the ability...