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...principle of personal finance companies is that they lend up to $300 on the borrower's character, sometimes taking a chattel mortgage as additional collateral. Experience shows that only in rare cases have the mortgages been fore-closed, both because the companies do not wish to lose their goodwill and because the furniture of small borrowers has little resale value. The companies in this group lend about $500,000,000 a year, but the total small loan business is estimated at $2,592,000,000. Other agencies in the field...

Author: /time Magazine | Title: Business: Small Loans | 3/23/1931 | See Source »

...Captain Hobson. They courteously offered him a swig of liquor. He refused it, took a gulp of coffee. The Spaniards kept him jailed for a month. Then Spanish-American fighting ended. Captain Hobson, 28, "handsome, tall and moral," returned to the U. S. a Hero, some four years be fore a later Hero (Lindbergh) was born. Girls kissed Hero Hobson in cities from one end of the country to the other. Candy makers produced the "Hobson Kiss," a block of chewy confection...

Author: /time Magazine | Title: Medicine: Dope | 3/2/1931 | See Source »

Bruce and Myrtle had been engaged be fore he went away to college, but had quarreled because she did not want him to be a minister. Myrtle married her second choice. When she died in childbirth of her first baby, Bruce found they still loved each other, realized too late he might have saved her for himself. Too much a zealot for his easy-going townspeople, Bruce was soon unpopular, obviously doomed to failure. Besides, the town was too small for three churches, would never have had the third if it had not been for old John Durken. In trying...

Author: /time Magazine | Title: Books: Tragedy of a Preacher* | 3/2/1931 | See Source »

...been more than poetical. The wings of the biplane, adjustable in flight, did just that. Lower and upper wings are rigidly connected with struts, remain in the same relation to each other. But by a hand-crank in the pilot's cockpit, the lower wing can be moved fore & aft, pendulum-like, through an arc of 14 degrees, tilting the upper wing to the same degree. About to land, the pilot sets his wings at the maxi mum angle, throttles the motor, and lets the plane settle. Because the centre of gravity is well aft, the plane will...

Author: /time Magazine | Title: Aeronautics: Hands Off | 2/23/1931 | See Source »

...classicism which had held sway over art, and turning to nature, looked at her with the eyes of his time, and interpreted her in the spirit of his age. Interested less in the representation of form than in the expression of character and movement, he was the fore-runner of modern expressionism...

Author: NO WRITER ATTRIBUTED | Title: FOGG MUSEUM TO OPEN EXHIBITION OF GOYA'S PRINTS AND DRAWINGS | 2/19/1931 | See Source »

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