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...World Bank last week was beginning to feel like a village moneylender. Its capacity to lend could scarcely make a dent in world needs. Wistfully, President John J. McCloy told of plans to float the bank's first debentures in July-$250 million worth, at around 3% interest. If they are sold, other issues will be floated. The cash from the first issue will just replace the $250 million lent to France. It will leave the bank with only the $727 millions in U.S. currency it now has available for loans. But the world's need...

Author: /time Magazine | Title: FOREIGN TRADE: So Little Cash | 6/23/1947 | See Source »

...speleological depth record passed last week from Italy to France. Speleologist (cave explorer) Pierre Chevalier, a chemical engineer above ground, led an expedition into a hole in the limestone body of the Dent de Crolles, a 6,765-ft. mountain in the western Alps. Eleven hours later the party emerged from the other side of the mountain and announced that they had worked their way 658 meters (2,158 ft.) below their starting point. The previous record, near Verona, Italy: 637 meters...

Author: /time Magazine | Title: Science: Deepest Depth | 6/9/1947 | See Source »

...took M. Chevalier and his fellow cave crawlers twelve years to explore the Dent de Crolles, which is riddled with caves like a geological Swiss cheese. Back in the Tertiary period (10 million years ago), says M. Chevalier, the mountain was much taller. Snow water from the youthful peak worked its way into the rock, gnawing wells and tunnels and vast, echoing halls in the soluble limestone. Then, as the peak itself eroded away, the channels gradually lost their water supply and became a "fossil drainage system." Another elaborate system, still rushing with water, now drains through the diminished peak...

Author: /time Magazine | Title: Science: Deepest Depth | 6/9/1947 | See Source »

...conquest of Dent de Crolles merely whetted the speleological appetite. "Speleology is the last frontier," says M. Chevalier. "I know a hole over near Annecy that I think is deeper than this one. I've been up a subterranean river there for three kilometers. It's worth looking into...

Author: /time Magazine | Title: Science: Deepest Depth | 6/9/1947 | See Source »

What mankind needs, declared everready Anthropologist Earnest A. Hooton, is "a science . . . that will teach each person . . . how to behave like a human being." He found cause for worry in an educational system that "offers the stu dent opportunities to learn about practically everything except himself...

Author: /time Magazine | Title: People: Inside Sources | 5/26/1947 | See Source »

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