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...Several "gold clause" cases in which holders of Liberty bonds, payable in "gold coin" but called up for redemption in "legal tender," contend that the redemption call was invalid and that the U. S. still owes them interest on the bonds...

Author: /time Magazine | Title: JUDICIARY: Old Men, New Battles | 11/15/1937 | See Source »

...told how Bettor Rooney had been talking football to a friend at the Saratoga rail when the news was brought to him that the horse on whom he had bet $12,000, had won but had been disqualified. Rooney went on talking football. On another occasion he nipped a coin to decide where he would place...

Author: /time Magazine | Title: Education: Lucky Rooney | 9/13/1937 | See Source »

...invented a device which he called the Dual Park-O-Meter because it had two purposes: to control parking, provide revenue. A typical parking meter is a waist-high metal post standing at curb's edge and crowned with a dial and a simple slot machine. When a coin is inserted, the meter marks time for the car parked beside it. When time is up, the driver must move his car away or risk a summons. In November 1935, Oklahoma City tried 174 of Editor Magee's meters, soon added 348 more. When indignant citizens squawked, a district...

Author: /time Magazine | Title: Transport: Meter Matters | 9/6/1937 | See Source »

...saloons, roadhouses, poolrooms, drugstores throughout the U. S. are 300,000 coin-in-slot phonographs which play a record once for 5?. Having sold 175,000 of these in the past three years, phonograph manufacturers estimate that the boom will continue for 18 months, during which they will market 100,000 more. Because a saloonkeeper with a record machine does not require the services of even a beery "professor" at a piano, Chicago Musicians' Boss James C. ("Mussolini") Petrillo, in order to manufacture work for musicians, forbade his unionists to make any more recordings (TIME, Jan. 4). And haggard...

Author: /time Magazine | Title: Music: Machines & Musicians | 8/30/1937 | See Source »

...record industry. The manufacturers have already established in court their right as patent owners to determine how their discs may be used commercially. There was thus little sign of legal squalls ahead when the A. F. of M. last week got the manufacturers to agree that so far as coin machines are concerned, discs may not be used in any place which has ever employed musicians, or any place to which admission is charged. This restriction, however, may not help musicians much because few saloons, roadhouses, poolrooms charge admission, or even employ musicians. In the more important matter of sending...

Author: /time Magazine | Title: Music: Machines & Musicians | 8/30/1937 | See Source »

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