Word: secretion
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Dates: during 1940-1949
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Because it is written solely for the edification of our editors, the Washington Memorandum is painfully frank. It is not, however, "secret." TIME readers receive the full benefit of its guidance and information. Its aim 'is to delineate the behind-the-scenes activities that motivate Government issues and Government men. As a special service for TIME editors, it tries hard to be well and correctly informed on the issues that matter in the nation's capital - which is precisely what TIME tries to be on the issues that matter all over the world...
...once housed the independent heating plant for Memorial Hall, the laboratory began exploration into a field which had not been long out of the stage of tuning forks and eartrumpets. A year later the country went to war, and the Psycho-Acoustic Laboratory and its findings became another secret, government-directed, war research laboratory whose discoveries became known to the general public only last winter...
Working with the Psycho-Acoustic laboratory since its inception, S. Smith Stevens, professor of Psychology, has directed the wartime achievements of the laboratory and worked simultaneously on several other acoustical projects also sponsored by the super-secret Office of Scientific Research and Development. Stevens, whose work is now partially sponsored by the Navy, has brought his research work practically to a standstill as he has taken over de facto direction of the vast reconstruction of the main part of the Memorial hall basement into psychological and physiological laboratories which will go into operation sometime in January or February under Edwin...
...Scherman, 59, founder and president of the Book-of-the-Month Club. The take which interested bookmen was B.O.M.C.'s profit on the $25 million worth of books it distributed last year (over $13.5 million in actual sales, $10.5 million given away free). Scherman could keep it a secret because he and three members of his family owned almost 94% of B.O.M.C.'s stock (Vice President Meredith Wood and his wife owned the rest...
...last week Harry Scherman let the public in on his secret, because he wanted to let the public in on his company by floating B.O.M.C.'s first public stock issue. As set forth in a registration statement filed with SEC, B.O.M.C. has netted an average $750,000 a year since 1940, made $921,775 during the first seven months of 1946. On the basis of these fat earnings B.O.M.C. plans to split its present outstanding 400 shares 2,000 for 1. If SEC approves the registration, B.O.M.C. will sell the public 200,000 of these shares (par value...