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...present situation would be cured merely by repeating those words in a bilateral form? 1 wonder whether again going through a treaty-making procedure at this time, on a bilateral basis only, might indeed work against the cause of peace by creating the illusion that a stroke of a pen had achieved a result which, in fact, can be obtained only by a change of spirit...

Author: /time Magazine | Title: THE NATION: Invitation Declined | 2/6/1956 | See Source »

From the time when it bought its first ships in 1893, Grace Line Inc. (Canada to South America) has spent $118 million on ship construction. Last week, with a few scratchings of a pen, Grace Line President Lewis A. Lapham committed the line to a shipbuilding program that will cost more than double that amount. Lapham signed a contract with the Federal Maritime Board under which Grace promised to build, and the board agreed to subsidize, 26 ships at a cost of $286 million. The program will completely replace Grace's present aging fleet over a 20-year period...

Author: /time Magazine | Title: SHIPPING: New Fleet for Grace | 1/30/1956 | See Source »

...McCann headed west to visit the President, recuperating from his heart attack in Denver's Fitzsimons Army Hospital. Settling back in his plane seat, McCann began to scratch out in pen and ink the first, 400-word outline of the State of the Union message. He put down five subject headings: 1) "World Responsibility," which later grew to "The Discharge of Our World Responsibility"; 2) "National Security," which became "The Constant Improvement of our National Security"; 3) "Fiscal Integrity"; 4) "Our Production Plant," for which the President substituted "To Foster a Strong Economy"; 5) "Human Resources," which became...

Author: /time Magazine | Title: THE ADMINISTRATION: Making of a State Paper | 1/16/1956 | See Source »

...discount houses, but 1955 proved that they are here to stay. The big, old stores had to give up old-fashioned ideas of high markups and open up outlying warehouses where customers could pick up goods at cut-rate prices. Even such diehard Fair Traders as W. A. Schaeffer Pen Co. and McGraw Electric's Toastmaster division either abandoned their Fair Trade principles or started backing down. And last week General Electric chopped appliance prices as much as 30% right down the line...

Author: /time Magazine | Title: Business: Business, Jan. 9, 1956 | 1/9/1956 | See Source »

...37th year as his beard), G.B.S. addressed himself to the lone dissenter: "My dear fellow, I quite agree with you; but what are we two against so many?" Shaw didn't know it at the time, but he had won himself a slightly pesky pen pal. Within the week, the booer, a brash 20-year-old named Reginald Golding Bright, was pestering the great man for advice on how to become a drama critic...

Author: /time Magazine | Title: Books: Shavian Shavings | 1/2/1956 | See Source »

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