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Borah or Morrow for State; Mellon for Treasury; D. F. Davis for War; the present Wilbur's brother for the Navy; Donovan for Attorney-General; New or Good for Postmaster-General; Work again for Interior; J. J. Davis for Labor; one of three Juliuses-Klein, Barnes, Rosenwald -for Commerce; some midwesterner for Agriculture, perhaps Publisher Dante Melville Pierce of Des Moines-so ran theory and conjecture. A "truthful declaration" was not expected for some time, perhaps not until the President-elect's return from South America (see page...

Author: /time Magazine | Title: THE CABINET: Hoover Men | 11/19/1928 | See Source »

Such was the alarming prophecy, last week, of able Dr. Julius Klein of the U. S. Dept. of Commerce. He was recalling the ancient and modern history of the commodity of rubber. Columbus, exploring the island of Hispaniola, was the first to see natives playing with balls which seemed to bound miraculously to Heaven. Three centuries later, Chemist Joseph Priestley advised his fellow Englishmen that the miraculous substance would erase pencil-markings, might well be called "rubber." It was only 100 years ago that a Scotchman named Mackintosh dissolved rubber in naptha and perpetuated his name in an overcoat...

Author: /time Magazine | Title: Business & Finance: Catastrophic Experiment | 11/12/1928 | See Source »

Scholarly Dr. Klein knew that in 1926, rubber led the list of U. S. imports, that 1927 imports were valued at $340,000,000. In vivid, effective phrases, he pictured civilization "suddenly and permanently" deprived of rubber...

Author: /time Magazine | Title: Business & Finance: Catastrophic Experiment | 11/12/1928 | See Source »

Point was undeniably given Dr. Klein's prophecies by the occasion which prompted them. He spoke on the eve of the most important day the rubber industry has seen in six years. Fortunately, the day gave happy instead of dismal point to Dr. Klein's vision of a rubberless world. For on Nov. 1, the six-year British experiment in restricting export of rubber from Malaya came to an abrupt and official...

Author: /time Magazine | Title: Business & Finance: Catastrophic Experiment | 11/12/1928 | See Source »

...rebut the prevalent wail that man, the individual, has fallen from his former high estate to the status of cog in machine. Historian Van Loon raises considerable doubt as to that former altitude, these present depths. And in a sound exposition of business expansion, Julius Klein recalls that an ancient Periclean law gave each Athenian the right to own five slaves, whereas every inhabitant of the U. S. today has at his disposal the power equivalent of 150 slaves. Human happiness lies in using the machine without worshiping it. Brilliantly, Bertrand Russell predicates the only remedy for science...

Author: /time Magazine | Title: Topsy- Turvydom | 11/5/1928 | See Source »

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