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French Redemptions. With plenty of gold, France is able to redeem high-rate dollar bonds, refund them with money obtained at low rates in France. Last week the $10,000,000 7% issue of French National Mail Steamship Co. (due in 1949) was called, closely following on the announcement that the $20,000,000 Eastern Railroad Co. of France issue due in 1954 will be called this year. In June a $75,000,000 issue held by Swedish Match was likewise called...

Author: /time Magazine | Title: Business: Deals & Developments: Sep. 22, 1930 | 9/22/1930 | See Source »

...Camden, N. J. and the yards of New York Shipbuilding Co. went Mrs. Hoover last week to help American Export Steamship Corp. launch its first of four 8,700-ton vessels built with U. S. loans under the new Merchant Marine Act. A whistle tooted; Mrs. Hoover put down her roses, took a basketed bottle of spring water, cracked it smartly over the moving prow, exclaimed: "I christen thee Excalibur." Declared the first lady: "I got a real thrill when my hand touched the bow of that powerful vessel." Later in the week at Camp May Flather near Harrisonburg...

Author: /time Magazine | Title: THE PRESIDENCY: Drought Relief | 8/18/1930 | See Source »

Resigned. Owen Cosby Philipps, Lord Kylsant, 1st Baron of Carmarthen, 67, Chairman of 40 steamship lines (including Royal Mail, White Star, Union Castle) and building companies, a bank, a railroad, an insurance company; from the chairmanship of Harland & Wolff. Ltd. (?12,000,000 Belfast shipbuilders). When shareholders commented on his multifarious activities and companies in March, he retorted: "I do not consider 40 as many...

Author: /time Magazine | Title: Milestones: Aug. 18, 1930 | 8/18/1930 | See Source »

Selected to replace Mr. Huston as party chairman, at least temporarily, was smallish, solemn, fuss-budgety Senator Simeon Davison Fess of Ohio, who cancelled steamship bookings for a European holiday to take over his new political duties. In imitation of the present Democratic setup, in which National Chairman Raskob yields the spotlight to Executive Committee Chairman Jouett Shouse, the Republicans decided to have, in addition to their party chief, an active committee manager to do the real political work. For this new professional post, with $15,000 salary, Robert H. Lucas, now Commissioner of Internal Revenue in the Treasury Department...

Author: /time Magazine | Title: POLITICAL NOTES: Huston Out | 8/4/1930 | See Source »

...soaked derelict in Anna Christie with Greta Garbo brought her international fame in a few weeks. Abroad on a holiday, she was rescued by bobbies from admirers who mobbed her in London. When in Europe she lives in pensions; she travels third cabin, having found that most steamship companies, aware of her name on the register, will move her gratis to the first cabin. In return for this courtesy she entertains at ships' concerts. She collects the drums, hats, dolls given away as favors in Paris restaurants and when motoring stops in obscure villages, puts the toys down...

Author: /time Magazine | Title: Cinema: The New Pictures Jul. 28, 1930 | 7/28/1930 | See Source »

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