Word: notes
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Dates: during 1930-1939
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...sudden demise of ex-President Coolidge indicates in no uncertain manner that the many responsibilities devolving upon the Chief Executive of the U. S. are both taxing and arduous. This is all the more evident when we review the history of Mr. Coolidge's administration and note the comparative tranquillity that marked his tenure of office...
...Stevens Hotel ("World's Greatest") faced the year end with $16,000 in cash-not enough to pay food bills for a month. To window-dress the balance sheet Hotel-&-Insurance-Man James W. Stevens had the hotel company swap a $600,000 unsecured note for $600,000 of Illinois Life's Liberty bonds. Thus the Hotel Stevens was able to report the balance sheet item: "Cash including Liberty bonds...
...content with this the Stevens Hotel on the last day of the year traded a third mortgage for its note held by Illinois Life, thereby slashing its current liabilities by $600,000. Illinois Life allowed the hotel 78? on the dollar for its third mortgage but on the same day put the mortgage on its books at par. Although Stevens Hotel first mortgage bonds were then selling at 25? on the dollar, Illinois Life credited itself with a $200,000 profit. That did not end the amazing jugglery, for a few days later the Stevens Hotel gave notes to Illinois...
...Note--The Crimson does not necessarily endorse opinions expressed in printed communications. No attention will be paid to anonymous letters and only under special conditions, at the request of the writer, will names be withheld...
Joseph Hergesheimer is no Communist and he likes the good things of this world. Like other successful writers he has moved familiarly among the pleasure-hunters of the U. S.'s expensive winter resort, Palm Beach, jotting down many a note of things seen & heard. Some of these ten short stories appeared in the Saturday Evening Post, but they would make good reading for the grimmest Communist. With few exceptions the people in Tropical Winter are vicious, hysterical, more than half-crazed by pleasure-laden lives. Since Deatfrdebunked Ivar Kreuger, no one supposes that matches are made in heaven...