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...been swapped for new Government securities; only $345 million was handed out in cash. A whopping $6,721,000,000, equal to 69% of private bank holdings, went into the new medium bonds maturing in 1963. The operation was another milestone for the Treasury's efforts to lengthen out the national debt. Since January 1953, it has reduced the amount of Government securities maturing or callable from $74 billion to $63 billion...

Author: /time Magazine | Title: FISCAL: Record Swap | 12/13/1954 | See Source »

...this is going to be a wonderful day. I believe I can successfully handle all problems ... At intervals during the day ... let mental pictures of the most peaceful scenes . . . pass across your mind, as, for example, some beautiful valley filled with the hush of evening time, as the shadows lengthen and the sun sinks to rest...

Author: /time Magazine | Title: Religion: Dynamo in the Vineyard | 11/1/1954 | See Source »

...Lengthening Shadows. The old man glanced up at the crowd of 10,000, and at the green cornfields stretching endlessly beyond the park. "There are voices in our country," he said, "who daily sound alarms that our civilization is on the way out. Concentrated on the difficulties of our times, they see an early and dour end for us. But civilization does not decline and fall while the people still possess dynamic creative faculties, devotion to religious faith and to liberty. The American people still possess these qualities. We are not at the bedside of a nation in death agony...

Author: /time Magazine | Title: AMERICANA: An Uncommon Man | 8/23/1954 | See Source »

...which Senator William Langer's Judiciary Subcommittee was spawning constitutional changes. In rapid succession last week, Langer recommended to the full committee, which he also heads, amendments to 1) abolish poll taxes, 2) give the President the power to veto individual items in appropriation bills, and 3) lengthen Congressmen's, terms from two years to four. Since his brief hearings on these matters were largely unencumbered by the presence of other Senators, Chairman Langer got subcommittee approval by quick telephone calls to his colleagues. This procedure has also placed before the full committee amendments to 1) let governors...

Author: /time Magazine | Title: THE CONGRESS: Hunting Time | 5/24/1954 | See Source »

...Faculty yesterday approved unanimously the program to cut ROTC class work to three years and lengthen the summer training to 12 weeks...

Author: NO WRITER ATTRIBUTED | Title: Faculty Passes Three-Year R.O.T.C.; Longer Period of Summer Training | 5/5/1954 | See Source »

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