Word: problem
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Dates: during 1930-1939
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Behind the public palaver over his latest tax proposal (see p. 13) President Roosevelt worked long & hard last week over a tougher, more immediate problem -Relief. He had made it his peculiar personal problem when he asked and got from Congress $4,000,000,000 and the right to spend it as he saw fit. With this fat fund firmly in hand, his promise to the country was to end the dole and give 3,500,000 jobless real jobs. And by last week he was up against a hard mathematical fact: $4,000,000,000 divided among...
...refitted in 1927, is theoretically still the heaviest (4,300 tons), fastest (24 knots) and best armed (two 8-in. guns) of all the twelve cruisers of the Chinese Navy. But its poor old sister wallows along at less than ten knots. The two ships' toughest problem for decades has been to find a paymaster. Half the time they are in pawn for coal bills, their crews unpaid, a gun or two sold for scrap. In desperation ever since 1917, the commanders have been trying to pick a sure thing...
...firing one circulation manager after another, he finally took over the job himself. He found subscription accounts two, three, four years past due, weeded them out, put the paper on a cash-in-advance basis. On the theory that men & women are creatures of habit, he concentrated on the problem of getting the Register to them on time. Helped by his oldtime experience as an overland mail contractor. Publisher Cowles studied maps and railroad timetables, learned the location of every town and hamlet in Iowa, memorized the schedules of every train out of Des Moines. As the Register circulation machine...
Prizewinner Heffernan, attacking the last assignment, decided that the basic problem about an opera house is how to get out. His design, notably similar to Radio City Music Hall with its paraboloid acoustic ceiling, was so plentifully endowed with exits that any spectator could leave in any direction at any time...
Postal's problem is not unlike that of many a common carrier. Its annual revenues, now about $28,000,000, are not sufficient to meet fixed charges after paying all expenses. The bondholders will have to take at least a temporary cut in their coupon rate, and the preferred stockholders, who have had no return for four years, will probably be asked to accept a less preferred position in the capital structure. Knottiest question will be the treat-ment of the common stock, all owned by I. T. & T. The Brothers Behn not only issued more than...