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...deal. A peculiar situation was known to exist in Bank of the United States. In 1913 this bank was formed in Manhattan's lower East Side. By 1928 it had grown one thousand-fold without a merger. Then, after Goldman Sachs Trading Corp. acquired a large block of its stock, it began to whirl through a period of expansion. Since May 1929 it has lost one-fourth of its deposits; its shares have tumbled from $91 to $13. Recently it has been understood that officials in Washington have been closely watching its affairs, perhaps anxious that no harm should...

Author: /time Magazine | Title: Business: Billion-Dollar Bank | 12/8/1930 | See Source »

Again he rang the Republican challenge on U. S. advantages: "In proportion to our population, we have one-fourth more of our children in grade schools than the most advanced other country in Europe. . . . Today we have more of our youth in institutions of higher learning than all the rest of the 1,500,000,000 people of the world put together. . . "Twice the number of homes owned . . . four times as much electricity . . . seven times as many automobiles . . . four times as many telephones and radio sets...

Author: /time Magazine | Title: National Affairs: Hoover to The People | 10/13/1930 | See Source »

...TIME, Sept. 2, 1929). Last week his heirs heard the terms of a 35-page will. To only son John Thompson Dorrance Jr., 11, will go his father's library (with the proviso it be kept intact until he is 50), his father's grandfather clock, and one-fourth of the estate. Mrs. Ethel Mallinckrodt Dorrance receives a similar portion. Four daughters (Ethel Mallinckrodt, Charlotte Kelcey, Margaret Winifred and Mrs. Nathaniel P. Hill), each receive one- eighth...

Author: /time Magazine | Title: Business: Dorrance Estate | 10/13/1930 | See Source »

...terms of 45,000,000 bushels as the maximum possible Russian export for 1930. In Moscow itself Soviet statesmen, cheered by returns showing that Russia's present "bumper crop" is 10% to 12% greater than last year, spoke of a possible export surplus of 90,000,000 bushels, one-fourth of the 1913 figure. If this actually "small" Russian export can break the bottom out of wheat prices, the underlying cause must be some concealed "big" factor. It is this...

Author: /time Magazine | Title: INTERNATIONAL: Wheat, Death, Reds | 10/6/1930 | See Source »

...aerocrete as a structural floor lie in its high heat-insulating value, its sound-deadening properties, its light weight. According to the use for which it is needed, it can be made from 20% to 75% of weight of ordinary concrete. Authorities expect it to reduce by almost one-fourth the weight of steel necessary to support a building. Aerocrete floors have been put in a new addition to Bethlehem Steel Corp. at Bethlehem, Pa. and in the Golden Hill Building, Manhattan...

Author: /time Magazine | Title: Science: Leavened Flooring | 8/18/1930 | See Source »

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