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...president has to date been more moderate and more intelligent than Congress in his stand on cancellation and reduction, an has once again demonstrated his reasonableness by his message to Roosevelt. Simultaneously with his invitation there appeared the report of the Sloan Committee, advocating another postponement and a reconsideration of the 1929 funding agreement. To these moves Congressional leaders have made only a negative response, standing pat against either reduction or moratorium. Their stubbornness is softened only by Borah's offer to trade debt reduction for disarmament. Whether this unyielding position will be endorsed when congress assembles in December...

Author: NO WRITER ATTRIBUTED | Title: LIMITS AND RENEWALS | 11/15/1932 | See Source »

...Sloan Committee reported, the first and indispensable need in another moratorium, giving time for a international conference on debts and reparations. America can either make the graceful gesture and grant England and France the requested extension, or it can face animosity and almost certain default when the time for payment comes. Substantial reduction, rather than cancellation, is the recommendation of the economists' committee. Considering the fall of world prices, the increased cost of American exchange to countries with a depreciated currency, the American tariffs, and other difficulties besetting all nations at present a readjustment is but common justice. Unless sentimental...

Author: NO WRITER ATTRIBUTED | Title: LIMITS AND RENEWALS | 11/15/1932 | See Source »

Secretary of the Treasury Mills ($25,000), Ambassador Mellon ($25,000), Eldridge Reeves Johnson ($25,000), Edward F. Hutton ($20,000), Harvey Samuel Firestone ($12,500), Mrs. Andrew Carnegie ($10,000), Alfred Pritchard Sloan Jr. ($10,000), Harrison Williams ($10.000). John Pierpont Morgan ($5,000), Walter Clark Teagle ($2,500), Walter P. Chrysler ($1,000), William H. Vanderbilt...

Author: /time Magazine | Title: National Affairs: Campaign Cash | 11/7/1932 | See Source »

Fortnight ago Los Angeles attempted to express its appreciation of Patron Clark. Important citizens, including Mayor John Clinton Porter, gathered in Pershing Square across from the Auditorium. Laudatory speeches were made. Mrs. Leafie Sloan-Orcutt, an imposing grey-haired dowager representing the Los Angeles Philharmonic Woman's Committee, pulled a silken cord, revealed a bronze Beethoven in long frockcoat, baggy trousers, hands clasped characteristically behind his back. Philharmonic musicians, who gave the statue in Patron Clark's honor, sealed their gift with a stirring performance of Beethoven's Fifth Symphony...

Author: /time Magazine | Title: Music: Los Angeles March | 10/31/1932 | See Source »

...sporting events at Manhattan's famed arena (which does not resemble a garden and is about two miles from Madison Square). An exact replica of the Garden marquee was made in Hollywood and reappears constantly. The faces of Jack Johnson, Stanislaus Zbyszko, Tommy Ryan, Billy Papke and Tod Sloan are introduced briefly; they represent the tradition of clean, wholesome sport. The picture was made during the Olympic Games at Los Angeles and it was therefore feasible for Paramount to persuade several real sportswriters to perform in it. Grantland Rice, Westbrook Pegler, Paul Gallico. Damon Runyon. Jack Lait appear momentarily...

Author: /time Magazine | Title: Cinema: The New Pictures: Oct. 24, 1932 | 10/24/1932 | See Source »

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