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...will confine my efforts to manufacturing," said Clement O. Miniger, robust but lately pale president of Electric Auto-Lite Co. A hard-working businessman, Mr. Miniger was caught in the swirl of real estate and banking developments by the boom, found himself a round $5,000,000 poorer when Toledo was forced to take stock of itself. Now, to recoup losses, he is working harder than ever. Automobile accessory business curtailed. Auto-Lite is making $1 electric clocks, selling them in large lots to chainstores. All the money "lost" in all failed banks in the U. S. in 1931 will...

Author: /time Magazine | Title: Business & Finance: Bank Test | 12/28/1931 | See Source »

...from playing on a semi-professional team if they themselves are doing so for pure recreation. If this regulation would be adhered to strictly and, if any man received money, would be disqualified immediately from further play at Harvard would face the situation honestly. It would make for poorer baseball teams since stars from secondary schools would go to colleges that openly permit their athletes to accept money for summer playing. But Harvard does not desire to be a haven for such athletes...

Author: NO WRITER ATTRIBUTED | Title: THE ATHLETIC REPORT | 12/16/1931 | See Source »

Among the plans approved by the Brooks House committee for trial is an extension of efforts now being made in the way of support of medical and dental clinics in poorer sections of Boston. It is thought that upperclassmen in the medical and dental schools might be of great assistance to regular practitioners who serve needy districts by doing survey work for the purpose of ascertaining just where immediate assistance is required. The increased need for medical assistance occasioned by desperate conditions can best be met in this way as the practicing physicians will be permitted to devote their entire...

Author: NO WRITER ATTRIBUTED | Title: P.B.H. SUSPENDS ENTERTAINMENTS TO HELP AID NEEDY | 11/17/1931 | See Source »

...Andy Blair and his childless wife Philly were as poor as their neighbors, maybe poorer. So when Andy, chopping at a stump of firewood, struck an iron pot, he was sure it was a pot of gold. For once Andy w was right: the pot held over $1,900 in coin, and two pearls. At first the old couple wanted to run and tell everybody, then they thought better of it. They hid the treasure in the house, invited the neighbors to a surprise party. By the time the night of the party came they had worried so much about...

Author: /time Magazine | Title: Books: Old Red | 11/9/1931 | See Source »

...will continue to maintain the dividend now." Eight days later Smelters shareholders were chagrined to hear that the directors had ordered a 25% reduction in the dividend?from $2 to $1.50 (against $4 early this year). Either upon returning to his office President Guggenheim had seen figures much poorer than he expected, or else the Smelters directorate, ten of whose 25 members are employes of the company, had voted the onetime (1907-13) Colorado Senator down. With a board of directors so favorable to him, it seemed most likely that the former was true, that President Guggenheim had spoken...

Author: /time Magazine | Title: Premature President | 10/19/1931 | See Source »

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