Word: partings
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Dates: during 1930-1939
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Sirs: In the issue of TIME dated August 28, under the section concerning Business and Finance, I find as a part of your highly incandescent report on the affairs of the Chrysler Corp. the following statement: "Meanwhile, Chrysler common (currently selling under $80, paying at the rate of $8 a share), yields 10%." How nice. But in the course of my usual search in the back pages of the magazine for reading material among the advertisements, I come across the following notice: "The directors of Chrysler Corporation have declared a dividend of one dollar and fifty cents ($1.50) per share...
...operations having to do with shipping, tall, knife-nosed, wealthy Basil Harris quit his vice-presidency of U. S. Lines in Manhattan. The better to watch over U. S. ports, he also became Commissioner of Customs, succeeding venerable (80), goateed James Henry Moyle of Utah. Spry Mr. Moyle during part of World War I was an Assistant Secretary. Last week he was gently upped to Assistant again, temporarily without portfolio...
Then & Now. Last week J. P. Morgan, who in 1914 helped stem war's invasion of the market place, had no part in doing so again. With his 72nd birthday only a week off, he was on the high seas (on his way home from grouse shooting in Scotland), cut off from all communication with the world as the Queen Mary, with radio silenced, sped toward New York...
...purchases. In addition Britain is believed to have a gold reserve of approximately $2,500,000,000 and France of $3,153,000,000, making a grand total of more than $9,000,000,000 which, in a prolonged war, might in greater part be spent for U. S. goods...
Ships of the U. S. Merchant Marine (see p. 63) picked up the message and put on more steam for port. Ships of France, Italy, Germany and many of England had for the most part already abandoned the high seas-a fact which portended a cargo jam at U. S. ports...