Word: interest
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Dates: during 1930-1939
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...time the Fair opened Director Downes got his second wind. Banking on patriotic fervor rather than musical interest, he succeeded in getting Norwegians, Brazilians, Poles, Rumanians and Swiss to hire the New York Philharmonic-Symphony for a concert or two apiece of their own national tunes. Nobody else was interested. But there were enough Norwegians, Brazilians, Poles, Rumanians and Swiss to make a crowd. Aging Walter Damrosch and youthful John Barbirolli were drafted to conduct a concert apiece in the Fair's blimplike Hall of Music. Only really impressive bit of music up to last week was a special...
...road's run-down Chesapeake & Ohio Canal, unused for 15 years, for $2,000,000. Last November the Interstate Commerce Commission allowed Dan Willard to cut his fixed charges $11,000,000 a year by persuading the bondholders to accept an eight-year moratorium on interest payments. Last week Dan Willard personally appeared before the Senate Interstate Commerce Committee to ask that Congress spare him the "personal disgrace" of a B. & O. bankruptcy by passing the Chandler Bill...
...Commerce Committee and the New Deal's braintrusters disapprove. Instead of putting such roads as the B. & O. "through the wringer" by wiping out junior securities and cutting down capitalization, it provides for voluntary adjustment of fixed charges between the road and its bondholders and for postponement of interest payments. Nonetheless, Chairman Wheeler, who could stop the Chandler Bill if he wishes, is letting it by with but one change-he intends to amend its technicalities so that in practice only the little Lehigh Valley and Dan Willard's B. & O. will be able to take advantage...
Attempts to treat the diversity of contemporary arts had been made before at the Bauhaus in Germany, but they were fancy business in America in 1929. No zealot, Director Barr concentrated on paintings, the main interest of such trustees as Samuel A. Lewisohn and Stephen C. Clark, and bided his time. He got a secretary and five small exhibition rooms in a Fifth Avenue office building. The trustees met for the first time in October, armed with pledges for $200,000. In November the Museum of Modern Art opened its doors with an exhibition of Lillie Bliss's fine...
...Beard published his Economic Interpretation of the Constitution. Probably the dullest book of sensational history ever written, it infuriated conservative historians and editors by documenting the shocking lucidity with which the Founding Fathers wrote the Constitution in their own economic interest. Newspapers screamed that Beard was a "hyena." Ex-President Taft (whom Beard calls his heaviest critic-"by tonnage") damned it in a special speech. High schools banned the book; public libraries put it on the restricted shelf. Nicholas Murray Butler sputtered that his derelict professor of politics was aping "the crude, immoral and unhistorical teaching of Karl Marx." Charles...