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There are only four makers of military optical instruments in the U. S. One is Kollmorgen (of Brooklyn), which concentrates on periscopes. Another is Keuffel & Esser (of Hoboken, N. J.), which makes range finders, trench periscopes. A third is Spencer-Lens Co., scientific instrument subsidiary of American Optical Co. The fourth is Bausch & Lomb (of Rochester, N. Y.), which makes binoculars, range finders, periscopes, about 50% of all the military optical goods sold...

Author: /time Magazine | Title: Business & Finance: Optical Restraint of Trade? | 4/8/1940 | See Source »

...gross sales. It has twelve competitors, but is undisputed No. 1 U. S. earth-scraper manufacturer, makes over half of such equipment, from heavy rooters that will rip up anything but solid rock to one-man, self-propelling Carryall scrapers that will "dig a nice trench." It also has a company union. There are 50 basic LeTourneau patents, but the chief reason for the company's phenomenal success is the power control unit designed by Founder LeTourneau when he went home from revival meeting...

Author: /time Magazine | Title: Business: Piety & Profits | 3/25/1940 | See Source »

When the President summoned him to SEC that fall, the New Deal was entering its tough, fighting, back-to-the-wall phase. Said Bill Douglas: "It's lonely in the front-line trenches these days." Jerome Frank heroizes Douglas, joined the Commission. But he did so reluctantly. Reasons for reluctance: 1) he needed to make more money than a commissioner's $10,000 a year; 2) he had written his share of laws, hoped others would see them through. Temperamentally unsuited to trench warfare, Jerome Frank is above all an Intellectual...

Author: /time Magazine | Title: GOVERNMENT: Intellectual on the Spot | 3/11/1940 | See Source »

Inspecting Canadian troops at Aldershot, War Minister Oliver Stanley left his gas mask in his motor, as did the Canadians' commander, Major General Andrew George Lotto McNaughton, and other brass hats. When the gas alarm sounded during a demonstration of trench digging and barbed wire work, Minister Stanley & brass hats complacently watched the soldiers clap on masks as a white cloud rolled across the field. When the cloud reached them, Minister Stanley & brass hats broke for shelter, eyes streaming. The gas was real. "It just goes to show you," observed red-eyed Minister Stanley, "how these men are working...

Author: /time Magazine | Title: People, Mar. 4, 1940 | 3/4/1940 | See Source »

...book called A League of Nations. His main ideas came from a struggling organization called the League of Nations Society, founded by a handful of cool-headed idealists in 1915. Compared with such Hun-hating best-sellers as James M. Beck's The Evidence in the Case, such trench life thrillers as Arthur Guy Empey's Over the Top, Brailsford's book was a commercial fizzle. But one of its readers was Woodrow Wilson (Senator Borah sent him a copy), who drew heavily on it for his 14 Points. Two years later the League's handful...

Author: /time Magazine | Title: Books: Rights and Hopes | 2/19/1940 | See Source »

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