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Having recently been through the mill, most farmers were being prudent with their new prosperity. In Fresno, Calif., heart of the San Joaquin Valley machine-farming area, Julius Neilsen, Bank of America farm-loan representative, said: "I never saw so many farmers come in ahead of time and pay off their loans." The Iowa Life Insurance Co. reported its sales to farmers through April were up 78% over last year. And, said Red Oak Agent Stanley Fagerland: "When the farmer gets around to buying life insurance, you know he is getting back on his feet...

Author: /time Magazine | Title: FARMERS: Boom Times | 5/12/1958 | See Source »

...Pope Pius XII told delegates of the 13th Congress of the International Association of Applied Psychology that some of the techniques they use to probe the mind are "open to reservations," however praiseworthy the ends. Some secrets, he said, "can absolutely not be unveiled, even to one prudent person." The Pope also condemned the use of lie detectors. Explained a Vatican official: "The lie detector is always illicit, even with the consent of the subject. Just as a man may not consent to euthanasia because religious law forbids him from doing away with himself, so he may not destroy...

Author: /time Magazine | Title: Religion: Words & Works | 4/21/1958 | See Source »

...Cozy & Prudent. By the time the cars droned into darkness and the prissy little blat-blat-blatting of small-car exhausts sounded more prominent as their big brothers collapsed, the Ferrari brakes were shot. Burned-out linings dropped off in frightening ashy hunks. But they had lasted just long enough. The Ferraris rolled easily to a finish that was strictly a family affair. Collins and his co-driver, California's Phil Hill, coasted home first. Another factory-entered Ferrari was an easy second. In third place came a perky little Porsche Spyder (1,587 cc.) that had played...

Author: /time Magazine | Title: Sport: Family Affair | 3/31/1958 | See Source »

...cases have proved capable of turning out more goods than expected. U.S. Steel is still budgeting $665 million this year for further expansion; Inland Steel is going right ahead with its $280 million program. Said Big Steel's Vice President and Comptroller W. A. Walker: "It is not prudent or intelligent of management to halt expansion when things are poor. It is easier to build now. You get more for your money, although prices aren't down too much. But it's easier to get materials...

Author: /time Magazine | Title: STATE OF BUSINESS: The Morning After | 3/24/1958 | See Source »

Said Treasury Secretary Robert B. Anderson in an unmistakable turnabout from his predecessor George Humphrey: "Maintaining a balanced budget is of great importance to our national welfare and so also is keeping our expenditures within reasonable and prudent limits. But we cannot adhere to absolute rigidity . . . And I want to make it quite clear that we at the Treasury are never going to take any positions which are inimical to the defense of our country...

Author: /time Magazine | Title: THE BUDGET: Priority: Defense | 12/16/1957 | See Source »

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