Word: reportedly
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Dates: during 1930-1939
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...Heard a remarkable report on experiments that proved intelligence is affected by environment. Psychologist George Dinsmore Stoddard, director of the Child Welfare Station in Iowa City, Iowa, reported that: 1) illegitimate children of feeble-minded mothers and laboring fathers, after being placed in good homes, turned out to be bright children; 2) apparently normal youngsters, kept in an overcrowded orphanage, "deteriorated...
Because it annually sponsors American Education Week jointly with the Legion, and solicits the Legion's help to get more money for schools, the N. E. A. was highly embarrassed by this report. It hastened to disown Dr. Gellermann's thesis. Meanwhile, Legionnaires sprang to arms. Said Theodore Roosevelt, a Legion founder: "The study must have been made by a jackass." To Manhattan rushed National Commander Daniel J. Doherty to demand that the N. E. A. let him answer. Commander Doherty finally was given the floor at the convention's last business session. Said...
...Agreed to consider defense testimony from American Telephone & Telegraph Co. in defense of monopolistic practices. After a three-year investigation at a cost of $1,500,000, Federal Communications Commissioner Paul Walker three months ago submitted to Congress his preliminary report on A. T. & T., suggesting among other things a 25% cut in telephone rates (TIME, April 11). A. T. & T. claimed that it had been refused the right to cross-examine witnesses and offer a prepared defense. Last week. FCC agreed to consider such defense before submitting its final report to Congress...
When the semi-annual report was issued, it supported the board chairman's optimism. In the most successful six months of its history, Bank of America shattered a flock of previous records: capital funds were up $4,963,000 to $112,231,000; deposits totaled $1,357,778,000, $77,058,000 increase over June 30, 1937; total resources were $1,498,527,000, compared with 1938's $1,415,559,000. Half-year earnings of $12,321,000 beat last year's first six months...
Main reason for the Bank of America's glowing report was that since 1935, along with such other big U. S. banks as Manhattan's Manufacturers Trust Co. and National City Bank of New York, it has been in the personal loan business. To date Bank of America has loaned more than $200,000,000 for consumer purchases, more than $124,000,000 on FHA loans. Loans to individuals. Banker Giannini believes, are the best of all credit risks-and personal loans pay 5% to 10%, well above the 1% to 3% conservative investments bring. Hence, Bank...