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...accidental, and if that public servant does assume office by accident, it is as apt as not to reduce a great deal of the public servant's public service." Though the gist of Mr. Young's speech had to do with international War debts and leniency of creditor to debtor in hard times (see p. 16), it contained undertones such as might be found in the words of any presidential possibility. Excerpts: "We need to know more of the world as it is and to discard for ourselves, as we have for our daughters, the hoopskirts and false...

Author: /time Magazine | Title: POLITICAL NOTES: Lotos Man | 12/15/1930 | See Source »

...Unfortunately, it takes twice as many securities to pay my debts as it did when I incurred them. I could make a very good moral argument, if anyone would listen to me, that my debts should be reduced, but I would not expect to get a hearing unless my creditor was satisfied of my incapacity to pay. If he was, then it would be for the creditor to say, not for me, what he wished to do about it. And as between great nations, I should hope for a breadth of view and a sympathy of understanding, in dealing with...

Author: /time Magazine | Title: INTERNATIONAL: Again Gold, Gold | 12/15/1930 | See Source »

...came to New Era Motors with a voluntary petition in bank ruptcy. Assets were listed at $317,000; liabilities at $855,000. Strange seemed the fact that last year New Era Motors paid a $600,000 dividend on the common. A big New Investment Era Co., with creditor a is A. claim M. for Andrews $293,000. And a lucky creditor is Promoter Arch Andrews. His individual claim of $77,200 is secured by the Ruxton patents, almost certain to be of use when the next New Era dawns...

Author: /time Magazine | Title: Business: New Era's End | 12/8/1930 | See Source »

...well remembered; and he was not the first, as certainly he was not the last, to deride us. James Bryce handed down an indictment or two and Siegfried and others have expanded his question into volumes. The tone has become more bitter since the United States became the creditor of Europe. The critics make few allowances for the youth of the nation. They compare our developing civilization with the crystallized customs of countries which were mellowed when Americans were felling the forests and striving for mastery over nature. American culture is still in process. Meanwhile, the average American, comparing...

Author: NO WRITER ATTRIBUTED | Title: Harvard for Culture | 12/6/1930 | See Source »

...Budapest, Irene Barsony inherited a- fortune, began spending it, then began worrying, fearing her father had left unpaid debts. To Olga Plepar, medium, she went, talked to the spirit of Geza Barsony, her dead father. He gave her a list of creditors, with amounts owed to each. To the creditors she went, paid out her fortune to the last pengo (18?) though there was no proof of any loans. To Medium Plepar went the police, informed by Irene Barsony's fiance; Medium Plepar & her creditor accomplices were apprehended, returned one-third of the Barsony money...

Author: /time Magazine | Title: Miscellany: Taffy | 11/24/1930 | See Source »

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