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...Middletown, Ohio by 30-year-old James Roosevelt. If several of the Assistant President's statements seemed a trifle brash, the last at least was indisputable. So many people still could not believe that young Mr. Roosevelt's father's current $5,000,000,000 pump-priming program would promptly end the current Depression that, even though Son Roosevelt's arguments were being stated less ingenuously by James A. Farley, Henry A. Wallace, et al., the program last week had not proceeded much beyond the talking stage. While economists, political pundits, politicians, columnists, editorial writers...

Author: /time Magazine | Title: RECOVERY: Talk | 5/2/1938 | See Source »

...Society's well-fed members, Dr. Alexis Carrel described the latest accomplishments of the "perfusion pump" designed with his help by Colonel Charles Lindbergh (TIME, Feb. 24, 1936) in which dozens of different organs have now been kept alive, including thyroids, parathyroids, nerve ganglions, salivary and mammary glands, livers, spleens, kidneys, lungs, and even cancerous tumors. Harvard's Harlow Shapley described four new swarms of star-galaxies or island universes, each galaxy containing billions of stars-a discovery which may bear on the agitated question of whether the all-embracing Universe is expanding or not. Grey old Ernest...

Author: /time Magazine | Title: Science: Philosophers in Philadelphia | 5/2/1938 | See Source »

...Continued to "prime the pump...

Author: /time Magazine | Title: Business: The Government's Week: May 2, 1938 | 5/2/1938 | See Source »

...section of Franklin Roosevelt's new pump-priming program that Congress has passed on is a law allowing RFC to use $1,500,000,000 for loans of almost any sort. Last week, therefore, RFC Chairman Jesse Jones took to the air to invite businessmen to "come and get it." This they did with a rush: in Manhattan, for example, the Hotel New Yorker politely but firmly asked a bureau of the Smaller Business Association of New York to leave after 600 would-be borrowers had stormed it one morning in search of RFC loan application blanks. Nonetheless, Jesse...

Author: /time Magazine | Title: Business: Come and Get It! | 5/2/1938 | See Source »

...Finally produced a full-fledged program intended to defeat Depression. As Franklin Roosevelt explained it to Congress in a special message and to the nation in a "fireside chat." it boiled down to the familiar New Deal story of "pump-priming...

Author: /time Magazine | Title: Business & Finance: The Government's Week: Apr. 25, 1938 | 4/25/1938 | See Source »

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