Word: basic
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Dates: during 1930-1939
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When President Conant carried greetings from Harvard and the educational world to Iowa State College on its ninetieth birthday party yesterday, both his presence and the words of his mouth gave striking witness to the basic validity of the Harvard educational ideal. Reversing the process of last September, when Mr. Conant gathered world-wide greetings in honor of his own university's age and pre-eminence, the president has taken up the gage of responsibility that pre-eminence demands. His speech at Iowa City not only conveys anniversary regards to a younger institution, but trumpets to the nation at large...
Early last month the price of cocoa, having risen from 5? per Ib. last May, reached a nine-year high at between 12? and 13? per Ib. Basic and well-established reason for cocoa's hot market was the great increase in world consumption coupled with a shortage of production in West Africa. The precise extent of the shortage remained a matter of conjecture (TIME, Jan. 18). Traders to whom cocoa's market seemed too warm for comfort pondered the following circumstances: 1) tipsters and outside speculators were playing a larger part than usual in cocoa trading...
...reported a sharp drop in profits ($17,651,000 to $12,103,000) in spite of the fact that sales were $831,671,000 and tonnage at an all-time peak. Wilson & Co. showed a slight decline ($4,068,000 as against $4,109,000). Basic reason for this countertrend in a year of expanding industrial earnings was the confusion in meat markets caused by invalidation of AAA processing taxes and the subsequent drought, which forced farmers to slaughter a vast number of animals they could not feed. Although Cudahy Packing increased its profits from...
...almost Olympian inaccessibility from which the Council now suffers, an inaccessibility making the Council's influence over House affairs ephemeral, at best of little value. The board of House committee heads, on the other hand, sets the pace for House business, but like the continental Congress it lacks the basic authority, inclusive jurisdiction, and continuity of membership that only the main Council can possess. Thus, with the friction of divided responsibility promising more and more sparks in the future, some sort of device to bridge the gap in the guidance of House activities and the control of larger college affairs...
...before any plan can be put to work, a basic reform is needed in the election to House committees. Today, like independent states, the Houses choose their representatives by whatever system happens to appeal to them. But if the House committees are to be a springboard for jumping into the main Council, home rule will have to give in, and a uniform and standardized system for handling the franchise substituted instead...