Word: basic
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Dates: during 1930-1939
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Sirs: In the Nov. 4 issue of TIME, in which you have described some of the industrial research at Mellon Institute, you have given credit to the wrong company for the support of the Fellowship on Shaving. This broad basic scientific investigation is sustained by Magazine Repeating Razor Co., 230 Park Avenue, New York, N. Y., maker of the Schick Magazine razor and the Schick Injector razor. This Fellowship donor has no connection whatsoever with the concern mentioned in your article.* The aim of this Fellowship of Magazine Repeating Razor Co. is to learn how to make shaving always...
...accepted policy of the faculty to allow members of their courses as much freedom as is feasible in their study. This freedom, a basic principle in a university, has always been applied to the conduct of students in the Houses and the Yard, restricted only by the not-to-stringent Parietal rules. The fact that Harvard in general is allowed this freedom is one reason why it is listed among the universities instead of among the girls boarding schools. Yet we find intelligent persons suggesting that college authority should be more strict...
...College should launch its attack at failures to accept responsibility. When any undergraduate makes a spectacle of himself at public college functions, creates unnecessary disturbances, or endangers lives, he should be subjected to immediate disciplinary action. While basic freedom would be preserved, a man would learn that he must control himself...
True, such excesses might become dangerous if they absorbed too large a portion of the nation's credit and restricted funds available for more basic enterprises. But, said Governor Eccles, "the rise in security prices has not been financed by bank credit. The securities are being bought mostly for cash. . . . Money going into the stock market is not . . . retarding recovery." To prove his point, he cited the fact that although stock prices have risen 48% since mid-March, the Federal Reserve System's loans on securities (including loans to brokers) have declined during the same period...
...institutions such as home and the church, these are the ghosts which Ibsen is trying to lay. The technical and literary genius of his work was certainly a militant force in the partial defeat of these ghosts but in so struggling against concepts in a transitory form rather than basic realities he placed his work upon a transitory basis. We can still appreciate his skill, but we cannot hail him as of an age with us, Ibsen is now more of an historic study than an experience in the living theatre...