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When will this "square question" be presented? If the war should go on two years or more (which the authors seem to assume it will)-when the English and French liquid assets are gone; when the U. S. must choose between giving the Allies credit, supplies, gold and taking the consequences of Nazi triumph...

Author: /time Magazine | Title: THE PRESIDENCY: The U. S. & the War | 4/29/1940 | See Source »

...range. This can be prevented by valving in hot air from the exhaust stacks. But if anything goes wrong with the hot-air valve, the engine conks just the same. To get rid of carburetors, fuel-injection systems have been devised to shoot into the cylinders tiny jets of liquid gasoline...

Author: /time Magazine | Title: Science: Technology Notes | 4/29/1940 | See Source »

...looked up to ask: "Is everything all right?" Advised that it was, he instructed: "Keep it so." His only son, Asahel II, kept it so until last week. For years he personally took over delinquent loans rather than let them spot the bank's records. A stickler for liquid assets, he astounded U. S. Treasury officials by turning in $350,000 in gold when the New Deal forsook the gold standard. Like the elder J. P. Morgan, he had plenty of money to lend to a man with character, none for a man without it, Stubborn, independent, able...

Author: /time Magazine | Title: BANKING: Oregon's J. P. Morgan Sells Out | 4/22/1940 | See Source »

Congressmen got a jolt last month from Inventor Lester Pence Barlow. He told them that he had concocted a liquid oxygen-carbon explosive - and named it "Glmite" - similar to the famed German bombs which in Barcelona are supposed to have killed people a quarter-mile away (TIME, March 25). Army and Navy men remained skeptical, but last week both Army and Navy came around; agreed to formulate in writing terms for a scientific test to prove conclusively the effectiveness of Glmite, promised to pay the costs of the experiment...

Author: /time Magazine | Title: ARMY & NAVY: Joshua's Trumpet? | 4/15/1940 | See Source »

...Government will pay the market price of their securities as of Feb. 17 in sterling. As Scot Gifford sells them here, the British Government will pocket its dollars for future U. S. material purchases, will thus have added to its present hoard of $2,600,000,000 in liquid gold and dollars. On Solicitor Gifford's first list were equities in plenty of profitable U. S. industries -Du Pont, Douglas Aircraft, American Tobacco, Santa Fe, Norfolk & Western, Colgate-Palmolive-Peet. Last week many a hungry broker hoped he would be tapped for help, get a fat commission in their...

Author: /time Magazine | Title: WAR FRONT: Scot in Wall Street | 3/4/1940 | See Source »

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