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...effort was made last October to boost the price of crude, but two Standard units refused to follow suit. Now the price is well under October levels. Though such stout proration-ists as President Charles Bismark Ames of American Petroleum Institute insisted that the Supreme Court decision does not impair the power of states to regulate production, most of the industry saw evil days ahead. Governor Sterling reluctantly demobilized his little army, declaring: "Serious trouble is threatened in many quarters. . . . Prospects are that if disorderly production increases at its present rate without State Governmental intervention, it soon will lead...

Author: /time Magazine | Title: Business: Courts & Oil | 12/26/1932 | See Source »

President Hoover's proposed cut of 700,000,000 dollars in government costs seems to be in accord with the strong sentiment for federal economy throughout the country. Since it would dangerously impair national credit to continue the budget along the lines of 1929, he has chosen this way of reducing it. Apparently there are two reasons for his doing this. First is his opposition to a beer bill (which would be a lucrative source of revenue to the government); and secondly the fact that a sales tax would be unlikely to pass Congress. The budget has to be balanced...

Author: NO WRITER ATTRIBUTED | Title: THE KING'S ENGLISH | 11/21/1932 | See Source »

...convinced that the aforesaid regulation will impair that international good will and understanding which has been built up among the students of the various nations in the American institutions of higher learning. We feel deeply alarmed over the erection of a high tariff wall against student intercourse. The inevitable consequence of this regulation would be to create much unfavorable criticism in the homelands of these students who have come to our universities with the knowledge that America's tradition is that of equal opportunity...

Author: NO WRITER ATTRIBUTED | Title: P.B.H. Committee Protests Doak Ruling to President | 10/14/1932 | See Source »

...feel that Seabright is taking a mercenary outlook on the game and is doing much to impair the desirable spirit of amateurism. As your guests we feel that we should be treated as such and that your failure to do so in the past has shown a lack of regard for the players...

Author: /time Magazine | Title: Sport: Davis Cup, Aug. 1, 1932 | 8/1/1932 | See Source »

...issue before the country is the re-establishment of confidence by ending these delays in balancing the Budget. . . . It is not a partisan issue . . . not a controversy between the President and Congress. It is an issue of the people against delays and destructive legislation which impair the credit of the United States. It is also an issue between the people and the locust swarm of lobbyists who haunt the halls of Congress seeking selfish privileges . . . misleading members as to the real views of the people by showers of propaganda. . . . This is a serious hour which demands that the people rise...

Author: /time Magazine | Title: THE PRESIDENCY: A Serious Hour | 5/16/1932 | See Source »

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