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...only two have made money-Cleveland's in 1929 ($100,000), Chicago's in 1930 ($30,000). On the strength of its success, Cleveland persuaded the National Aeronautic Association to let it keep the races for five years beginning 1931, with option to renew for five years more. Each year National Air Races of Cleveland Inc. would pay the N. A. A. a $12,500 "sanction...

Author: /time Magazine | Title: Aeronautics: Races for Sale | 2/6/1933 | See Source »

...Federal expenditures for 1932 reached a new high level for the post-War period. ... We closed the fiscal years 1931 and 1932 with large deficits. Even so, the finances of the United States Government are in sound condition. ... I renew my recommendation, looking to the extension of branch banking...

Author: /time Magazine | Title: THE CABINET: Swansongs | 12/19/1932 | See Source »

...been formed. Two years ago it was not producing commercially. When last spring the coppermen of the world decided to curtail production to 20% of capacity, Roan Antelope meekly agreed to a quota of 23,000 tons. Last week when the coppermen were meeting in Manhattan to renew their pact, Roan Antelope's representatives arrived bristling with demands and challenges. African copper has long been considered a potential threat to the copper supremacy of the U. S. Roan Antelope's attitude last week transformed the threat into appalling reality. The demands were made at first through Dr. Otto...

Author: /time Magazine | Title: Business & Finance: Africa Speaks | 12/19/1932 | See Source »

...long-the contrast left me speechless!" To the "Early Birds," as the pre-War airmen formally call themselves, Lieut. Settle brought news of one of their own. Just before his steamer reached Manhattan he had seen a radio despatch from Paris relating that Clifford Burke Harmon had offered to renew the Bennett Trophy for international ballooning which the U. S. had just won permanently. The original endowment by the late Publisher fames Gordon Bennett provided only the first cup in 1906. Not for 18 years did any nation score the three consecutive victories necessary for permanent possession. Then Belgium...

Author: /time Magazine | Title: Aeronautics: Balloon Clan | 11/14/1932 | See Source »

...then in Kansas, was gotten through diplomas from a defunct, unrecognized school and a notorious "mill." But the State Attorney General's office was flooded with letters of protest when Dr. Brinkley's license was revoked in 1930. In 1930 the Federal Radio Com- mission refused to renew his license to operate KFKB on the grounds of "obscenity," Dr. Brinkley built a $350,000 station (XER) over the Texas border at Villa Acuna. Mexico. By remote control he is still able to sit in Kansas, "pipe" his voice to Mexico, have it broadcast back again...

Author: /time Magazine | Title: POLITICAL NOTES: Capric Candidate | 10/17/1932 | See Source »

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