Word: bogging
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...Western Union but could show no profit. Mr. Behn, who had watched I. T. & T.'s profits climb in six years from $1,930,000 to $17,732,000, now saw them tumble to less than half that sum, and finally sink out of sight into the bog of a three-million-dollar deficit. Gone were the days when an excited public was eager to pay $149 for I. T. & T. stock earning $3 a share. The stock earned nothing, sold...
...hummocks in a bog are Forts Munoz and Nanawa, 60 mi. apart in the sopping Gran Chaco jungle between Paraguay and Bolivia. Last December the Paraguayans, South America's fiercest fighters, had pushed big Bolivia's lackadaisical army back to the outlying "forts" (huts on mounds) around Munoz. Last week the cloak-&-sword Bolivians, wearing second-hand U. S. uniforms, wielding jungle machetes, took "Fort" Jordan, backed the Paraguayans against Nanawa. their Verdun, a small French-built fort that was the last defense before the Paraguay River and Paraguay's second biggest city, Concepcion...
Last week Paraguay admitted that a general was a good thing even in a bog. As soon as Bolivia's German General Hans Kundt got back from exile (TIME. Jan. 2), he broke up the attacks against Munoz by counter-attacks on both wings. In the middle of the rainy season (South American armistice time), he sent his men floundering eastward on three fronts in an encircling movement. His coterie of one-time German Army officers led the little brown men in hand-to-hand Indian fighting with the machete, instead of the modern warfare that had astounded South...
...that has never been declared, three sets of peace makers including a neutral commission in Washington, a League of Nations observation commission and the ABCP group of neighbors (Argentina, Brazil, Chile, Peru) had done nothing. When it was winning last December, Paraguay wanted no peace in the bog. Last week advancing Bolivia wanted no peace, suggested a 30-to 60-day armistice to bring up fresh troops and supplies, the front to remain the same as at the end of hostilities. Paraguay was willing to agree to an armistice on condition both sides evacuate the bog. Observers thought peace depended...
Last year the Courrier des Etats-Unis, oldest foreign language paper in the U. S. (1828), got into a financial bog, had to abandon its daily edition (TIME, Jan. 16). Last week the daily reappeared. The Courrier had been acquired by William Muriay Hewitt, promoter of foreign language newspaper advertising, from the family of the late Henri Sampers, which had published it since...