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...usual, prompt objection had come from peppery Cyrus Eaton, boss of Cleveland's Otis & Co., and from publicity-shy, dapper Harold Stuart of Chicago's Halsey, Stuart & Co. Champions of competitive bidding from way back, they cried that the traditional system of financing through private negotiation be tween underwriters and railroads had al lowed Kuhn, Loeb and Manhattan's Morgan, Stanley and Co. to monopolize U.S. railroad financing. This, they complained, not only cost the railroads plenty of cash in higher underwriting fees, but throttled Middle Western underwriters. Eaton and Stuart lost the Pennsy financing to Kuhn...

Author: /time Magazine | Title: Open for Bids | 5/22/1944 | See Source »

...desperate, 23-year-old girl in a mental hospital tried to kill herself last fall with the only weapon at hand, a 2½-in. sewing needle. She succeeded in getting it be tween her ribs and into her heart, but she did not die. Though the needle was a constant threat to her life, doctors let it alone for a month until the patient became calm enough to undergo an operation. X rays, meanwhile, showed that the needle was working its way through the tough heart muscle...

Author: /time Magazine | Title: A Needle in the Heart | 3/20/1944 | See Source »

...talked Anschluss, it still made a certain economic sense. But to most Austrians, union with the Nazis was worse than no union. For five years Austrians scurried over Europe, seeking support. They found none. Wistfully Radio Vienna played waltzes and the Viennese reminded each other of the difference be tween Berlin and Vienna: in Berlin, things might become serious, but they were never hopeless; in Vienna, things were often hopeless-but seldom serious...

Author: /time Magazine | Title: AUSTRIA: Resurrection | 11/15/1943 | See Source »

...small manufacturer, caught be tween OPA and skyrocketing costs, can legally do one of two things, provided his gross margin fits OPA definitions. He can : 1) drop his low-priced lines and concentrate on the higher ones; or 2) if he has no higher ones, he can go out of business on his old lines, open up as a new company the next day. So can any shoestring retail er. The department or specialty store with many price lines is also unaffected : it can just drop the unprofitable low ones...

Author: /time Magazine | Title: PRICES: The MPR-330 Battle | 9/27/1943 | See Source »

...conserve power, 4 o'clock nightclubs and dance halls were ordered closed at 2:30 or 3, movies and theaters be tween...

Author: /time Magazine | Title: Foreign News: The Efficient Argentines | 9/13/1943 | See Source »

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