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...question that the Canadian Government was asked to decide last week was: Is Labrador worth $833 a square mile? The Government of Newfoundland thought it was, and Newfoundland sorely needs the money...

Author: /time Magazine | Title: NEWFOUNDLAND: $100,000,000 Asked | 12/28/1931 | See Source »

...Newfoundland's serious money troubles started in May when Premier Sir Richard Anderson Squires darted from Montreal to New York and back to St. John's unable to sell a bond issue. The rumor started that Sir Richard was willing to sell about the only unmortgaged property of the Colony, the Territory of Labrador...

Author: /time Magazine | Title: NEWFOUNDLAND: $100,000,000 Asked | 12/28/1931 | See Source »

Labrador (see map) is a vast and draughty triangle nearly three times the size of Newfoundland. It contains many a lake. The eider duck and the hair seal are disappearing, but on the word of Medical Missionary Sir Wilfred Thomason Grenfell, the country is infested with mice "of many varieties." A will-of-the-wisp to Labrador explorers and Labrador investors are the perennial stories of a great-unexploited gold field somewhere up the Hamilton River...

Author: /time Magazine | Title: NEWFOUNDLAND: $100,000,000 Asked | 12/28/1931 | See Source »

...July a fantastic note was introduced into the proceedings when a buxom mysterious lady known as Jeannette M. Lewis suddenly appeared in Montreal and announced that she was prepared to lend Newfoundland $109,000,000, presumably taking Labrador in security (TIME. Aug. 10). Miss Lewis disappeared and newspapers were about to dismiss the entire story when she reappeared in St. John's in September and made the same offer over again...

Author: /time Magazine | Title: NEWFOUNDLAND: $100,000,000 Asked | 12/28/1931 | See Source »

Anniversary. Of the first transatlantic wireless signal, picked up by Guglielmo Marconi at St. John's, Newfoundland, 30 years ago; celebrated-with the greatest world-round radio hook-up ever effected. Recalling the event, Senator Marconi said that for six days, while "S" signals were being sent regularly from Poldhu, Cornwall, England, he and his assistants sent up kites and a balloon with aerial wires attached. A wild December storm raged, carried the balloon and most of the kites away. Finally a kite was flown successfully and on Dec. 12, above the electrical disturbances, three faint clicks came through...

Author: /time Magazine | Title: Milestones, Dec. 21, 1931 | 12/21/1931 | See Source »

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