Word: modernize
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Dates: during 1920-1929
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...radio antenna sprouts from one of the squat mud turrets of Ibn Saud's mud-walled Palace, at Riyadh, his Capital. Unfortunately, however, even such modern equipment could not enable the Sultan to know, last week, what the cables of the world press were flashing about his reputed "Holy War." Had he known, Ibn Saud might have smiled in grim derision at the following reports...
...seeds, grind grains, bake bread, shear sheep, weave textiles to earn wages large enough to keep them in school and have a little spending money. Also they will dig into high school textbooks for four years, after which they will probably get good jobs in the Ford industries. Another modern, almost communistic, dream of Henry Ford had come to life in old Sudbury...
Last week was perhaps the most remarkable speculative week in modern history of the New York Stock Exchange. Speculative, because there were no political or geological events like the declaration of War in 1914, or the San Francisco earthquake of 1906. Modern, because in olden days (up to 1907), the trading was small in volume and almost entirely between professional speculators, consequently subject to more sudden and violent whims than the trading of today, which affects the fortune of perhaps 7,000,000 U. S. security owners...
...more stock is offered for sale against heavy bidding for an hour or more. The Stock Exchange authorities then suspend trading in the stock and settlement is arranged on a "reasonable" price basis fixed by the Stock Exchange governors, usually near the last price of sale. This is a modern humane contrivance. Formerly cornered shorts were forced to pay up to their limit of solvency...
...current issue of the Forum President Lowell once more enters into the debatable land of modern education. In his article "Self-Education in the College" he advances his famous hypothesis that all higher education in its best form is self-education under guidance. In doing so he seeks to sever from the hydra-headed contemporary scholastic monster what many prominent educators have come to regard as the caput mortuum of every university, the principle of discipline as distinguished from the principle of letting men think out things for themselves...