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...came out of World War II with a swollen freight fleet and a passenger fleet shrunk to half the prewar size. When shipping companies laid plans to build up the passenger fleet from 350,000 tons, a lowly fifth among the nations of the world, they found themselves stranded by high building costs. Even with the $178 million which Congress had voted in shipping subsidies, shippers were afraid to take a chance on the big, fast ships which they need to compete on the North Atlantic and the U.S. needs for defense purposes (i.e., military transports). Last week, with...

Author: /time Magazine | Title: SHIPPING: Full Steam Ahead | 8/2/1948 | See Source »

...after seven anxious years, the Bel was barely swinging. Import restrictions had shrunk its British market. To square garrulous Editor Peadar O'Donnell, one time schoolmaster in County Donegal there seemed but one way out. He would go to the U.S. and raise some money...

Author: /time Magazine | Title: The Press: A Bell for O'Donnell | 6/14/1948 | See Source »

...unexpected showers wreaked havoc with the Crimson lacrosse sticks; water shrunk the leather thongs in them and made accurate passing and shooting virtually impossible Still, at halftime the varsity...

Author: By Donald Carswell, | Title: Lacrosse Team Falls, 7-5 Before Late Yale Rally | 5/13/1948 | See Source »

...Screen Plays' tiny poke had already shrunk to a mere $7,000. It was high time to go to the bank. Negotiations began with a bang. "Who," asked the Bank of America, "are you? And who is Henry Morgan?" After some fast talking, the bank was persuaded to lend $650,000. That left about $500,000 still to be found. Screen Plays wrote off about half of it in deferred salaries and studio overhead charges, sold a 50% interest in the picture to raise the rest (including $150,000 to be put up as additional security for the bank...

Author: /time Magazine | Title: Cinema: How to Finance a Movie | 5/10/1948 | See Source »

During the Civil War, Sodality membership shrunk, but it was not until 1875 that the organization again came close to the rocks, and this time, the Faculty was the villain. In that year, a resolution was passed by the Faculty prohibiting Pierian from giving any concerts for money. Revenue from concerts has always been an important and necessary part of Pierian's financial set-up, as, like all other Harvard organizations, it has never received any money from the University...

Author: NO WRITER ATTRIBUTED | Title: Pierian Sodality Celebrates 140th Anniversary; Organization, Founded in 1808, Runs Orchestra | 5/4/1948 | See Source »

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