Word: postalized
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Dates: during 1930-1939
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...Postmasterships are divided into four grades depending upon the annual receipts of their offices: first class, receipts above $40,000; second class, $8,000 to $40,000; third class, $1,500 to $8,000; fourth class, below $1,500. At the last counting there were 1,122 first-class postal jobs, 3,425 second-class, 10,485 third-class, 32,672 fourth-class-a total of 47,704. By law the President appoints the first three grades, mostly on the say-so of interested Senators or Representatives. The fourth grade comes up through a competitive civil service examination...
Before the ghastly mistake of 1914-1918 men knew their brothers in other countries almost as well as they do today. There were exchange professors, grants for study abroad, Olympic games since 1896, and gatherings of savants, clerymen, laity, and diplomats to discuss concerns ranging from postal rates to tuberculosis. Men in the trenches had even grimmer human contacts. Yet if the bureaucracies were to decide for war, the nations would respond, and it would be the students who would occupy the trenches hacking at each other. An Oxford Union man would command a bombing squadron, American students who signed...
...policy booster, President Roosevelt instructed the trustees of the Postal Savings Bank to buy $100,000.000 worth of U. S. bonds...
Between the conquest of Mackay-Postal and last week's deal with Ericsson, lay four years of adversity. Bestriding the world, I. T. & T. was, in 1929, in excellent position to flounder and be lost in a violent world-wide storm. Interest charges on new capital seemed to be mounting faster than new profits. Revolutions and bloodshed in South America threatened not only I. T. & T.'s property but its contracts as well. The revolutionary government of Spain talked loudly of canceling the agreement which, five years before, had given I. T. & T. its first major boost...
...shrewd daring and persistent battling I. T. & T. owed its spectacular soar to success. He was now to prove himself a bad-weather pilot of extraordinary ability. He hacked expenses, pruned salaries, wrote down assets. With his able brother, Hernand, he worked furiously to increase the efficiency of Mackay-Postal, built five new radio stations on the Atlantic Coast alone. When the storm began to clear it was apparent that Sosthenes Behn had not only braced his towering electrical companies to stand it, but had actually increased the volume of his business. From across the sea came reports that...