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Some of the same bonds were also offered (exclusive of the cash offering) in exchange for Third Liberty Loan bonds due Sept. 15, 1928, and Treasury 4¾% notes and 4% certificates maturing Mar. 15, 1925. These exchanges were not closed as was the cash subscription book, for good reason. By the exchange: 1) The heavy debt maturities in 1928 are lessened, 2) this reduction of maturities is achieved at par although Third 4%'s are selling at a premium, 3) interest on the Third 4¼'s exchanged is reduced ¼% for the next three years nine...

Author: /time Magazine | Title: National Affairs: Market Day | 12/15/1924 | See Source »

...appropriated by the 67th Congress for the elevation of the guns on 13 battleships, but was returned to the Treasury following the protest of the British Government that this program was in violation of the Limitation of Armaments Treaty (TIME Mar...

Author: /time Magazine | Title: Gun Elevation | 12/8/1924 | See Source »

...probable that Lieutenant Governor and Governor-elect Hiram Bingham of that state, who is the Republican candidate for the vacancy, will win. But he cannot assume his seat until some time in January. At any rate, the regular Republicans will fall short of a majority throughout the session. After Mar. 4, the Republican ranks will be strengthened by three additional senators. Meanwhile, the Democrats will doubtless twit them on their division...

Author: /time Magazine | Title: Ousted | 12/8/1924 | See Source »

Today, including the above elections, there are 37 members, among the most important of whom are: Litterateurs: Joseph Bédier, Paul Bourget, Marcel Prevost, Henri de Regnier; Statesmen: Louis Barthou, Georges Clemenceau, Raymond Poincaré, Jules Cambon; Soldiers: Les Maréchals Ferdinand Foch, Joseph Joffre, Louis Lyautey; Artists: Albert Besnard (the only one) ; Journalist: Georges Lecomte; Educator: Emile Picard...

Author: /time Magazine | Title: FRANCE: Three Immortals | 12/8/1924 | See Source »

...sheep and said: 'I wonder if President Coolidge will run again in 1928?' ". . . Up spoke one of the goats: 'Well, you as a New Englander ought to know better than any of us.' Then another New Englander had this to say: 'Right after Mar. 4, 1929, Mr. Coolidge will become President of Amherst College...

Author: /time Magazine | Title: Education: At Luncheon | 12/1/1924 | See Source »

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