Word: impairs
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Immediate reason for default was that the operating deficits of two and a half years have cut the company's working capital from $12,600,000 to $6,000,000. Directors feared to impair it further by paying $800,000 in interest due Aug. 1. The able president (now receiver) Arthur Roeder (procured in 1929 from American Linseed Co.) will have a tough job to bring the company around the corner in time to refund $27,000,000 of bonds falling due a year hence. Saints have their crosses, the Rockefellers have Colorado Fuel & Iron...
...President Lowell's phrase "with the courage to proclaim unpopular opinions in troubled times." The heroic tenacity he showed in his life, as in his convictions, gave him strength to rise daily from his sick-bed to lecture throughout the last eight months, nor did he let his illness impair his amazing tolerance and accessibility. Now that death has swept away one of the strongest bulwarks against the rising tide of sentimentality, political immorality, literary quackery, and artistic affection, Harvard men can only hope that Professor Babbitt, through his books, may yet bring the world's creative effort into those...
...offer but fog. It was apparently not without purpose that President Lowell urged last Sunday, "one must endeavor to distinguish between the enduring and the temporary, between the things essential to the framework of every good human society, and the expedients useful for the moment, not letting these impair the permanent structure...
...ahead, though, and print all the news there is about the poor chambermaid or the unemployed coal miner who bought a ticket for a shilling or two and won $1,000,000 in cash money. I think that is a great story always and if it is going to impair our morals to know what goes on in the world that is a problem for our pastors, not the Postoffice Department...
...bonds to Reconstruction Finance Corp. for the money needed to buy a planetarium projection device (price $110,000) from Carl Zeiss Inc. of Jena and put up the necessary building. The City of New York would transfer the land temporarily. Thus neither the City nor the Museum need impair its own credit. Admission fees ($50,000 or $100,000 yearly) would pay off the R. F. C. loan...