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...Macmillan Petroleum Corp., however, and not to Standard went the glory of having first taken a stand against the price cuts. With due regard to the Napoleonic maxim that the best defense is an attack, Macmillan Petroleum, one of the independents, met the price-cutting threat by actually raising its prices. "Commencing on the morning of July 4th," announced the company two weeks ago, "the price of Macmillan gasoline will be restored to 18½? at the service station. . . . We confidently expect the purchasers of Macmillan gasoline to continue purchasing our product even though the price may exceed that...

Author: /time Magazine | Title: Business: Gasoline Truce | 7/21/1930 | See Source »

...teacher," wanted someone to direct the organization which was to be endowed with $10,000,000 worth of his U. S. Steel Corp. bonds, he chose his good friend President Pritchett of M. I. T. To President Pritchett, astronomer as well as educator, Mr. Carnegie applied his celebrated industrial maxim: "Find an efficient man and enable him to do the work." For years President Pritchett was not only Andrew Carnegie's next door neighbor in Manhattan, but his chief philanthropic adviser and severest critic. To President Pritchett once remarked Charitarian Carnegie: "You really don't realize how valuable...

Author: /time Magazine | Title: Education: Elevation of Suzzallo | 6/30/1930 | See Source »

Cain and Artem (Amkino). This adaptation of one of Maxim Gorky's stories shows the fellowship of three people?a giant, a Jew, a fishmonger's wife?in a miserable town beside a Rus-sian river. Theirs is a fellowship of rejection: the giant does not know what to do with his strength; the woman is in disgrace because she is unfaithful to her husband and because she was a beggar when she married; everyone in the marketplace cheats the Jew and spits on him. The bond that draws slowly tighter, pulling them together, although not strong enough to keep...

Author: /time Magazine | Title: Cinema: The New Pictures Jun. 23, 1930 | 6/23/1930 | See Source »

...Gatling of Chicago perfected his machine gun in 1861, Sir Hiram Maxim his in 1889-both more than 40 years...

Author: /time Magazine | Title: Letters: Jun. 2, 1930 | 6/2/1930 | See Source »

...Author. Maxim Gorki (real name: Alexey Maximovitch Pyeshkoff) is 62, gaunt, wrinkled, hollow-eyed, with drooping moustaches. He wears: baggy trousers, blue workman's shirt, a blue sweater. A poor boy, he had to earn his own living when he was nine; he has been worker in a bootshop, apprentice to a mechanical draughtsman, cook's assistant, lawyer's clerk, tramp, laborer, baker. Once he tried to commit suicide; the bullet is still in his body. Though he took no part in the Revolution, for he believed the masses were not ready...

Author: /time Magazine | Title: Books: Smoldering Youth | 4/14/1930 | See Source »

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