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Damage Without Injury. Immediate aim of the suit, which Commonwealth & Southern's Wendell P. Willkie and his associates had planned as a last stand in the three-year-old legal fight against TVA, was to stop the sale of electricity generated by the three TVA darns already built (including Wilson Dam started during the War and transferred from the War Department to TVA in 1933); to restrict de-velopment of four dams now under construction and a fifth authorized but not yet begun; to prevent TVA from getting Congressional funds for four more dams. TVA attorneys maintained that...

Author: /time Magazine | Title: POWER: TV A Clear | 1/31/1938 | See Source »

Miami has also witnessed judicious pruning. Two months ago it had three dailies. John S. Knight of the Akron Beacon-Journal bought Frank B. Shutts's Herald, then decided there was room for only the Herald and James M. Cox's News to operate at a profit under present rising costs. Fortnight ago, like a move in a game of Monopoly, Mr. Knight gave Moses L. Annenberg, publisher of the Philadelphia Inquirer, the Massillon, Ohio Independent as part-payment for Mr. Annenberg's three-year-old tabloid Miami Tribune. Mr. Knight killed the growing Tribune, moved...

Author: /time Magazine | Title: Education: Economies | 12/20/1937 | See Source »

...horse-racing season covers a full year, from January1 to December 31. During the current season, the two biggest money-winning U. S. race horses have been three-year-old War Admiral, undefeated in eight starts, including the so-called triple crown (Kentucky Derby, Preakness and Belmont Stakes), and four-year-old Seabiscuit, champion of the handicap division. Horse-race followers would have liked to see a match between them, but, failing that, were interested to see which would win most money for their respective owners, Samuel D. Riddle and Charles S. Howard. Twice this season War Admiral and Seabiscuit...

Author: /time Magazine | Title: Sport: Money Race | 11/15/1937 | See Source »

Richest Saratoga stake is the Hopeful ($25,000 guaranteed). Of recent years, newer tracks have made a practice of publicizing themselves and attracting famous thoroughbreds by posting immense added prizes for handicaps. The three-year-old Santa Anita (Calif.) track currently gives the biggest, $100,000. Suffolk Downs (Mass.) and Narragansett Park (R. I.), both comparatively new plants, plan equal purses next season. To make sure that great horses will enter these races, handicappers at new tracks narrow the limits of weights imposed on the entries, so that a very good horse need not carry much more poundage than...

Author: /time Magazine | Title: Sport: Suckers & Statistics | 8/30/1937 | See Source »

...York's Rikers Island jail 44-year-old Socialite Mrs. Madeleine Force Astor Dick Fiermonte visited her husband, 30-year-old onetime Pugilist Enzo Fiermonte. Haled into court to answer a three-year-old speeding charge by police who arrested him while he was tinkering his swank racing car at Roosevelt Raceway, he had received a severe judicial reprimand, a sentence of five days which he spent washing windows...

Author: /time Magazine | Title: People, Jul. 19, 1937 | 7/19/1937 | See Source »

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