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...interest. Bond issues and old bank loans were coming due and the New York and London capital markets were closed to orthodox financing. Canada has no RFC because Canada has only two railroads (privately-owned Canadian Pacific and government-owned Canadian National*) and only eleven commercial banks. But solemn Rt. Hon. Richard Bedford Bennett has broad powers under The Emergency Relief Act. C. P. R.'s request was granted after it had pledged with the Government $100,000,000 face value of senior securities on which inter- est was being earned even last year...

Author: /time Magazine | Title: Business: C. P. R. Guarantee | 4/2/1934 | See Source »

Rome is strong, the Catholics are also building a mighty cathedral. But last week Rt. Rev. Albert Augustus David's cathedral seemed a little in the lead. To it Sir Edmund Hoyle Vestey, 68, and his brother, William Vestey, Baron Vestey, 75, promised ?220,000 ($1,200,000) to build a vast central tower 327 ft. high in memory of their parents...

Author: /time Magazine | Title: Religion: Vestey Tower | 3/26/1934 | See Source »

Episcopal churchmen tell of how Rt. Rev. Henry Wise Hobson, Bishop of Southern Ohio, lately made a visitation in one of his parishes. Getting out of his automobile he carefully locked its doors. "Don't bother to lock your car, Bishop," said the senior warden. "We're all honest around here." Sharply retorted Bishop Hobson: "Oh, no, you're not! You've been using your missionary money to pay your coal bill...

Author: /time Magazine | Title: Religion: Church's Shame | 3/12/1934 | See Source »

...Backing his superior, the Lord Bishop of London cried out in a voice shaking with emotion: "I tell you, I would like to make a bonfire of these things, and dance around it." But not even the spectacle of the Rt. Rev. Rt. Hon. Arthur Foley Winnington Ingram prancing in his gaiters and apron around a pyre of contraceptives could dissuade the Lords. The bill passed...

Author: /time Magazine | Title: Foreign News: Bishop's Bonfire | 2/26/1934 | See Source »

Married. Hon. Peter Rudyard Aitken, 22, younger son of Rt. Hon. William Maxwell Aitken, 1st Baron Beaverbrook, Britain's No. 1 newspaper tycoon; and Janet MacNeill, 20, daughter of Professor Murray MacNeill of Dalhousie University (Halifax); in London...

Author: /time Magazine | Title: Milestones, Feb. 5, 1934 | 2/5/1934 | See Source »

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