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...third quarter, in fact cutting them $3 a ton by extending previous "quantity deductions" to all small lots sold. This left the giant of the industry $8 a ton above its lowest competitor, but it asserted its intention of meeting each cut till its small bedevilers reformed or bled to death. Price cuts that bring increased orders are good business according to the philosophy which Henry Ford made famous and Edsel Ford now practices. But in spite of last week's cuts, steel production fell this week to 45.4% (last week 47%, fortnight ago 49%). Unless more business follows...

Author: /time Magazine | Title: STATE OF BUSINESS: Ford Philosophy | 5/22/1939 | See Source »

Undaunted, Drs. Steinberg & Brown invited the meeting to the University of Toronto laboratories where they bled a rabbit. Without oxalic acid the rabbit's blood coagulated in two minutes, 29 seconds. With oxalic acid, the blood coagulated in one minute, 29 seconds. But still the skeptical scientists claimed that oxalic acid was poisonous. Dr. Brown promptly rolled up his sleeve, displayed an arm pockmarked from hundreds of injections, brandished a hypodermic needle. When no one volunteered to give him an injection of the acid, he gave himself a standard dose, thus convinced his timid colleagues that the acid...

Author: /time Magazine | Title: Medicine: New Coagulant | 5/8/1939 | See Source »

...fellow countrymen watched with calmness the butchering of Armenians, for decades -while Turkey was a British ally. They bore patiently through the years the sufferings of the Hindu, while England bled white that rich nation. They exhibited stoic calm while the Irish were starved, killed, ground down. The same calm was exhibited in the case of the Boers, and while the Russian ally of Britain was knocking off some million Christians. But now, NOW, the villain is an enemy -and a much and rightly feared one-of England, and hark to the uproar...

Author: /time Magazine | Title: Letters, Feb. 6, 1939 | 2/6/1939 | See Source »

...Bankers, lawyers, auditors, appraisers and incompetent high-salaried executives, have bled McKesson & Robbins white...

Author: /time Magazine | Title: TRADE: No Hidden Treasures | 1/2/1939 | See Source »

...Express, with 450,000 readers, countered with ?2,000. In a few months both were offering ?10,000. The war cost the Express $600,000 a year and the Mail, with its larger circulation, nearly twice as much.* Ten years later another premium war swept Fleet Street and bled $5,000,000 from the Express and its three big rivals- the Daily Mail (1,530,000), Daily Herald (2,000,000) and News Chronicle (1,330,000). The Laborite Daily Herald started it by offering a complete set of Dickens for a few shillings. Beaverbrook was in Berlin. He hurried...

Author: /time Magazine | Title: The Press: Curious Fellow | 11/28/1938 | See Source »

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