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...recession would do more economic good than harm, was shared by Federal Reserve Board Chairman Marriner S. Eccles. He thought "deflation now inevitable." The sooner it came, "the less painful" it would be. But it was Chase National Bank Chairman Winthrop Aldrich who administered the largest dose of soothing syrup. In Switzerland he told the International Chamber of Commerce, which he had headed for two years: "Europe does not need to fear that an American postwar corrective recession will degenerate into a depression. . . . [Recessions] are necessary to reduce costs and prices to a level which permits an economy to function...

Author: /time Magazine | Title: Two-Headed Calf | 6/16/1947 | See Source »

Hardy Martha Truman had rallied briefly when her son first arrived, again when Mary Margaret canceled her Pittsburgh concert to fly to Grandview, Mo. Mrs. Truman had pork chops for lunch one day, fried chicken for dinner the next, wheat cakes and syrup for breakfast. With all her determined firmness, she announced: "I'm going to get better tomorrow...

Author: /time Magazine | Title: THE PRESIDENCY: She Needs Me | 6/2/1947 | See Source »

...boiling ordinary milk, then cooling it, and running it through a strainer. It comes out thick, and white, and very sour; and some people who are not from the Balkans have trouble stomaching it. Baklava, a doughy kind of pastry, makes its appearance in layered squares covered with syrup. It is as extremely sweet at the other is sour...

Author: NO WRITER ATTRIBUTED | Title: Circling the Square | 4/29/1947 | See Source »

...Laugh. There were other matters to preoccupy the delegates. Correspondents reported the sudden popularity of the "Champagne Cobbler" (½ jigger syrup, ½ jigger lemon extract, 1 jigger curaçao, 1 jigger cognac, 1 chunk of pineapple, add champagne to taste, serve chilled. Price: $6.60). Even Molotov showed signs of gaiety. One evening, when movies were being shown at the Aero Club, he took special interest in a Russian animated cartoon involving the capers of three big bears. He was observed in convulsions of laughter and clutching his paunch when the biggest bear managed to outwit ths whole menagerie...

Author: /time Magazine | Title: CONFERENCES: Bearish | 4/14/1947 | See Source »

Some Vermonters agree that Ayres's ideas might do the state some good. To help make syrup uniform, Ayres invented a combination thermometer-hydrometer. If the syrup is too thin, it will spoil; if too thick, sugar crystallizes. But farmers were more impressed by the way Ayres got around the low OPA price last season. Ayres mixed maple sugar with pecans, sold the confection by mail at a rate of about $15 a gallon...

Author: /time Magazine | Title: AGRICULTURE: Sugar Time | 3/31/1947 | See Source »

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