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...onetime Yale law professor proposed nothing less than a complete remaking of the country's investment business. Said he: "Today, as you well know, we have a practical usurpation of the rights of the great body of investors, which can be only described as financial royalism. Our pres ent situation is a carryover from a previous age when there were only a small number of security holders. It should not apply when we are today a nation of investors." The problem was, he said, to achieve "democratization in industrial management," to make management responsive to the will...

Author: /time Magazine | Title: Business: Cynic on Grumpsters | 4/5/1937 | See Source »

Yaleman Garland went to Pittsburgh's Shady Side Academy, but his financial progress ran roughly parallel to valuation placed on his patent, which he acquired for $500 in stock. By easy stages this pat ent was written up to $7,500, then to $1,000,000, again to $3,250,000 and finally to a good round $32,500,000. At that point Yaleman Garland left Automatic Signal to Professor Fisher, taking off for a land of pure corporate romance. This he populated with no less than 30 companies, the functions of which were even vaguer than their assets...

Author: /time Magazine | Title: Business: Yalemen Convicted | 3/29/1937 | See Source »

...pistol with which to shoot Stalin. "The chance did not come, however," added David. "Police were in the same box with me." Over & over Kamenev, Zinoviev and other prisoners got around to confessing in various ways that their purpose as conspirators was simply to kill Russia's pres-ent rulers and become masters of the State themselves, with no program in mind as to how they would run Russia, and no smallest criticism at the trial last week of anything ever done by Joseph Stalin...

Author: /time Magazine | Title: RUSSIA: Perfect Dictator | 8/31/1936 | See Source »

...superstition.") But when the children grow up, Mrs. Pratt, now 38, intends to leave them and her home. She will have her head shaved, put on the. yellow robe of a mendicant nun, divest herself of all possessions except a bowl and a prayer chain, "and in the Ori ent enter some retreat or live alone, the homeless life, seeking Nirvana...

Author: /time Magazine | Title: Religion: Teiun | 5/11/1936 | See Source »

...such infinitesimal lines accurately on hard metal or glass. Last week at the Washington meeting of the National Academy of Sciences (see above), Physicist Robert Williams Wood of Johns Hopkins showed how a brilliant scientist may adapt for his own use a technique worked out for a wholly differ ent purpose. At California Institute of Technology, Dr. John Donovan Strong has been coating telescope mirrors with a thin, even layer of aluminum by placing the glass in a vacuum tank, boiling the aluminum off an electric coil so that the aluminum vapor deposits itself on the glass. At Johns Hopkins...

Author: /time Magazine | Title: Science: Academicians | 5/11/1936 | See Source »

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