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...with bruises. Capt. Harold Harris, another vice president, was unscathed. The pilot, the radio operator and a passenger were killed. Pan American-Grace had its first bad accident two years ago. A plane carrying six passengers and a crew of three took off from Santiago for Buenos Aires, headed inland over the towering Andes. An hour after leaving port the ship's radio before going dead reported thick clouds and snow flurries. The plane never reached Buenos Aires. Heavy snowfalls blanketed the slopes, choked the canyons. No trace of the plane was found by dozens of search parties...

Author: /time Magazine | Title: Aeronautics: Death in South America | 4/2/1934 | See Source »

...hazy days of the Chinese empire, centuries before Magellan reached the Orient, the Igorots of Benguet mined gold in the Philippine hills. The Spaniards snatched off their gold earrings and beat them into crucifixes. Spanish-American War adventurers, trekking inland, were greeted by natives crying "Ado Balatoc Bantay!" ("Lots of gold in the mountains.") But geological disturbances, dense vegetation, frequent droughts and lack of modern machinery kept the infant industry of the Philippines from rapid development. Not until last year did Philippine business men really begin to discover how much balatoc there was in the bantay and what...

Author: /time Magazine | Title: Business: Philippine Gold | 3/26/1934 | See Source »

What was true of U. S. Steel, which is 40% of the industry, was true of the independents. Bethlehem reported a small profit for the last quarter but for the full year a net loss of $8,735,000. Its 1932 net loss was $19,404,000. Inland Steel turned a 1932 deficit of $3,320,000 into a nominal profit of $166,000. Jones & Laughlin cut a 1932 net loss of $7,910,000 down to $5,366,000. National Steel, only major steel company to earn a profit every year of the Depression, boosted its income from...

Author: /time Magazine | Title: Business & Finance: Steel & Earnings | 2/12/1934 | See Source »

...most impressive example of successful Socialism in the U. S. Essentially a political body whose commissioners are appointed by the Governors of New York and New Jersey, it has through its building and operation of tunnels (Holland), bridges (George Washington, Bayonne, Goethals, Outerbridge) and terminals (Manhattan's Inland), thoroughly scotched the notion that public business cannot be run with the profitable efficiency of private business. Among the many bodies inspired by the Port Authority's record not the least is President Roosevelt's Tennessee Valley Authority...

Author: /time Magazine | Title: Business & Finance: Socialist Success | 2/5/1934 | See Source »

...three years Advisor Harold Woodbury Parsons has sailed around the coastline of Europe in his own yacht, making forays inland to pick pictures. On his advice the Nelson fund directors have bought lavishly and well. Critics picking their way through echoing marble galleries last week spotted at least half a dozen paintings of world importance: Velasquez' St. Peter; Rubens' Portrait of Old Parr; El Greco's Penitent Magdalene; Goya's Don Ignacio Omulryan y Rourera; Titian's Antoine Perrenot de Granvella; Nicolas Poussin's Triumph of Bacchus...

Author: /time Magazine | Title: Art: Communist Riches | 12/18/1933 | See Source »

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