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Meanwhile, a few solvent roads, spurred by examples like Erie and New Haven, made progress in voluntary debt-reduction programs of their own. Great Northern, which has cut its fixed charges by $5,200,000 since 1934, dickered last week for a $20,000,000 RFC loan to help it meet a $28,132,000 July i maturity, planned to retire the other $8,132,000 itself. New York Central, which had a narrow squeeze in Depression I, still barely covers fixed charges, has hacked manfully at them since 1932. Fortnight ago, facing $20,000,000 in bank loans...

Author: /time Magazine | Title: RAILROADS: Financial Housecleanings | 4/22/1940 | See Source »

...Viscose plant felt no ill effects from the gas, and some were only mildly sick. But, according to the Pennsylvania survey of 120 "men on the job . . . only five per cent of the persons examined . . . were found to be completely free from pathological signs and symptoms." So strong a solvent is C52 that its fumes, inhaled, destroy the fatty sheaths of nerves, soften the fat matter of the brain. For some people, even a whiff is enough to produce a difficulty in walking. First symptom of poisoning, said Drs. Trumper & Gordy, is a kind of drunkenness, a "C52 jag." Then...

Author: /time Magazine | Title: Medicine: CS2 Poisoning | 3/18/1940 | See Source »

Toward the close of World War I big Eastman Kodak Co. got scared. Low and uncertain were its supplies of methanol (wood alcohol), indispensable solvent of the cellulose nitrate from which photographic film was made. When peace came, Eastman set about making its wood alcohol supply secure. In doing so, it unwittingly became a pioneer in the infant field of U. S. plastics...

Author: /time Magazine | Title: PLASTICS: Test-Tube Love Seat | 2/26/1940 | See Source »

...stands at $50,000,000 (its surplus is $20,000,000). This amounts not to the traditional 10% but to only 4.1% of deposits. However, Continental Illinois has nearly as much cash and governments ($1,111,078,283) as deposits ($1,212,371,248) and was as solvent as could be. Onetime RFC Employe Cummings was in a position to tell Boss Jones to go whistle...

Author: /time Magazine | Title: BANKING: Out of Hock | 11/27/1939 | See Source »

Under 776, the company's Common stockholders had got over 67% of preferred holders to agree to a plan giving them a piece of the solvent, new company (to be known as Los Angeles Shipbuilding & Drydock Co.), had got their plan past the Federal courts as fair, feasible and equitable...

Author: /time Magazine | Title: GOVERNMENT: Specialists | 11/20/1939 | See Source »

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