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Prof. Wenley is quite right. TIME regrets the misplaced qualifier and the incorrect spelling...
...Junto is an incorrect form of Junta, which means properly a legislative assembly or council. Here junto connotes a military clique exercising the functions of government. This difference in meaning is usually implied by the respective uses of the two words...
...chaos stares Germany in the face, if she reject the Dawes plan, its ultimate passage is certain. This was recognized by moderates of all Parties. The torrent of editorials in the American press to the effect that the election was to test the Republican sentiment of the country is incorrect. The big issue was financial reconstruction. The Extreme Monarchists were perhaps the only members of parties committed to overthrowing the Republic, and they were in the minority...
...recent fall on the New York Stock Exchange of the price of "Steel common" to the upper 80's has been taken as a forecast that the earnings of the U. S. Steel Corporation for the second quarter of this year would prove disappointing. That this explanation was incorrect is seen by the fact that, although the statement of the Company showed a big increase in net earnings from April through June, 1923, the price of the stock has not materially rallied. Apparently the stock market looks for poorer business this Fall and sticks to its opinion...
...charge of the huge Liberty Loan flotations. After the Armistice, he made a striking appeal for the cancellation by this country of the Allied debts to America, on the basis of not only sentiment but enlightened self interest. It is not yet time to say his view was incorrect; Great Britain alone of our debtors has made arrangements to settle her debts with us, and most of the Allied debts are notoriously uncollectible, and may always remain so. Mr. Leffingwell was more successful in his opposition to the threatened soldiers' bonus bill of 1920. At one time his name...