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...smelter to be converted into bullion. But they reckoned without President Roosevelt's gold acts of 1933 and 1934. Last week, in response to queries from the Carmelites regarding sending their bullion abroad, the Treasury Department informed them they must surrender it to the U. S. Mint. The sisters learned they would get only $600 for the metal which they had thought was worth $2,000. Chagrined, they faced a choice between waiting for more donations or buying a comparatively plain monstrance from a religious supply house...

Author: /time Magazine | Title: Religion: Treasury v. Nuns | 6/21/1937 | See Source »

...criticism. We can readily identify the same type of spurious currency stamped with social and political symbols rapidly passed about from hand to hand by the inhabitants of each conforming world. But if we are to reject this false metal we must be prepared each one of us to mint our own--we must be prepared to make our own judgments of the most intricate and complex situations. To do this with any degree of success requires, indeed, "a rich background and a disciplined insight...

Author: NO WRITER ATTRIBUTED | Title: Text Of President's Baccalaureate Address | 6/21/1937 | See Source »

Contrary to what many people think, no U. S. coins are minted at Washington, D. C. although the lady Director of the U. S. Mint, Mrs. Nellie' Tayloe Ross has her office there and all U. S. paper money is printed in Washington. Coining is confined to mints at Philadelphia, Denver and San Francisco...

Author: /time Magazine | Title: FISCAL: New Mint | 5/24/1937 | See Source »

Last week a new $1,000,000 white granite mint, built like the legendary San Francisco hillside cow (five stories in front, three behind) was dedicated in that city by Mrs. Ross. Covering a city block bounded by Buchanan, Hermann, Webster and Duboce Streets, the box-shaped mint squats on the scalped dome of live rock which made that block a real-estate liability until the Government took it. From the sidewalk visitors must climb 175 steps to the huge sliding bronze front door where bas relief dollars two feet wide greet them. A storage and assay depot as well...

Author: /time Magazine | Title: FISCAL: New Mint | 5/24/1937 | See Source »

...sports, followed by dancing in the streets. Thursday night's specialty this year was to be a tennis match between Ellsworth Vines and Fred Perry at the Jefferson County Armory. Friday night festivities were the Derby Eve Ball, an all-star wrestling program, and the annual reunion banquet & mint-julep shower of Kentucky Colonels. Saturday is the Derby...

Author: /time Magazine | Title: Sport: 63rd Derby | 5/10/1937 | See Source »

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