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...refusing to snap up China's bargains. The U. S. bought 38˝% less in 1930 than in 1929. China bought 28% less from the U. S., and Chinese importers are now unhappy about one of smart Dr. Soong's shrewd moves. The Finance Minister, although silver is legal tender everywhere in China, has put through a decree that goods entering from abroad must pay duty in gold. But for this step, Chinese economists say, silver's depressed value would soon bankrupt the Government...

Author: /time Magazine | Title: CHINA: Spring Comes to Chiang Kai-shek | 4/27/1931 | See Source »

...cheerily to one & all as he strolls about his campus. Once an English professor, he became president of Trinity College in 1910. His campus nickname: "Sis." His fellow townsmen remember that when the children of Benjamin Newton Duke were young?Mary, and "Angy" (Angier), who fell from a yacht tender at Newport in 1923 and was drowned?Dr. Few used to ride with them in their ponycart. Like many another Duke official, he is a Rotarian. A friend of North Carolina's hard-bitten little Methodist ex-Senator Furnifold McLendel Simmons, he was like him a leading Hoovercrat. Many North...

Author: /time Magazine | Title: Education: In a Carolina Forest | 4/27/1931 | See Source »

Around the Virgin Islands prevail the old Danish tariff law (average rate: 7%,) instead of the U. S. Hawley-Smoot Act (average rate: 39%). Danish currency is likewise legal tender because the islands' bank continues to operate under its original Danish charter. The U. S. Congress appropriated $600,000 to put the black islanders back on the land, 90% of which is owned by a score of rich foreigners. Emigration to the U. S. has cut the islands' population in a decade by 15%, down...

Author: /time Magazine | Title: THE PRESIDENCY: Hot Sun & Linens | 3/30/1931 | See Source »

Napi. Saxons imagine the Gauls to be the sexiest people; the Gauls modestly tender the palm to the Ottomans. It is natural, therefore, that Playwright Julius Berstl, a German, should have pictured Napoleon as a lecherous little character beloved by many beautiful women. It is also natural that the dramatist should have imagined that any other Frenchman who looked exactly like Napoleon would possess the same endearing attributes. The other Frenchman in Herr Berstl's play is small, goatlike Ernest Truex, who was last seen stamping around and fidgeting for Hortence Alden in Lysistrata...

Author: /time Magazine | Title: The Theatre: New Plays in Manhattan: Mar. 23, 1931 | 3/23/1931 | See Source »

Effective last week the Mexican Treasury announced that banknotes issued by defunct Mexican banks are now officially "valueless," no longer legal tender...

Author: /time Magazine | Title: MEXICO: Fantastic Banknotes | 3/9/1931 | See Source »

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