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...They later offered to increase the cash payment to $1,500,000, proposed that the Government accept bonds at 4½ for the balance. Their main object was to prevent sale to Captain Dollar and son. They pointed out that they had been running these boats without loss to the Government???in fact with an operating profit of about $2,000,000 during the year ending Feb. 28, 1925?and that the Government was therefore under no pressure to sell them. (A major reason for sale of Government ships is to es- cape operating loss.) But, they agreed, if the Government...

Author: /time Magazine | Title: SHIPPING: The $ | 4/13/1925 | See Source »

...starving German people. Then there were still the German soldiers to be paid and there was a Reichsbank at Berlin groaning under a terrible burden of debt. It was decided that the Rumanian Government must pay for the costs of the German occupation; but there was no Rumanian Government???it had fled. Thus, it came to pass that the Banca Generale at Bucharest was compelled to issue Rumanian bank notes to the amount of $75,000,000 to pay for the German occupation...

Author: /time Magazine | Title: RUMANIA: An Old Score | 3/2/1925 | See Source »

...during the War, he stopped a strike of munitions workers that had been financed by Germany. He brought labor solidly to the support of the Government???which was no light task because of pro-German and anti-English sentiment. At the Peace Conference, he headed the Labor mission...

Author: /time Magazine | Title: LABOR: Mortus Est | 12/22/1924 | See Source »

...should be made a crime for a single individual to defraud or attempt to defraud the Government???it is now a crime to conspire to defraud the Government...

Author: /time Magazine | Title: Stone's Report | 12/15/1924 | See Source »

...writing excellent eulogies of Lenin, and was allowed to go abroad. But no sooner had he crossed the Russian frontier than he tore off his mask and showed himself in his true colors. He is now inflaming the Russian peasants and stirring them up to revolt against the Bolshevist government???an activity which cannot be too strongly condemned...

Author: /time Magazine | Title: RUSSIA: Gawky Gorky | 8/11/1924 | See Source »

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