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...bridgemen split was on clearance. The War Department insisted that the bridge centre must be at least 200 ft. above the water, its pierheads 185 ft. The bridge company offered 180 ft. centre clearance and 154 ft. at the pierheads, declared the structure, if made higher, would be economically unsound because of increased approaches. The Army's specifications, it said, would add $25,000,000 to a cost that already rose close to $200,000.000. But the Army insisted on 200 ft. clearance to accommodate the masts of the Leviathan, Majestic, Olympic, Bremen and Berengaria, which otherwise could...

Author: /time Magazine | Title: National Affairs: No Bridge | 6/22/1931 | See Source »

...whole principle of insurance as applied to unemployment is unsound. The remedy for unemployment is work...

Author: /time Magazine | Title: Business: Business Adrift | 4/6/1931 | See Source »

...probably be brought forward against this customs alliance. "Opposition will arise on two grounds the one political the other economic", he replied. "The political objection will undoubtedly center on the assertion that the union is in contravention of Article 82 of the Treaty of Versailles, but this ground is unsound in view of the fact that both countries retain their sovereighty and separate political entity. However, many Germans and Austrians, remembering how the Prussian customs union helped to unite Germany politically into the German Empire, now hail this alliance as the first step toward a political union in the future...

Author: NO WRITER ATTRIBUTED | Title: Fay Says Versailles Treaty is Not Violated by Proposed Austro-German Customs Union--Expects Opposition to Arise | 3/23/1931 | See Source »

Bankers and businessmen swarmed to support Secretary Mellon. They contended that the proposal to put extra cash in circulation was unsound economics inasmuch as it was unknown if and how the money would be spent. They also warned that the extra burden of the payment in taxes and depressed prices, particularly with the Government facing a deficit, would fall hardest of all on Veteran Jim Jobless. While the argument went on, domestic bond-prices dropped about $12 and Government 4½s dropped $27 per $1,000 bond. Agitators for the cash Bonus cried: "Manipulation!" Bankers, really worried, looked glum...

Author: /time Magazine | Title: National Affairs: Bonus-Burst | 2/9/1931 | See Source »

Plaintiff Frome, 54, worked for the soup company from 1898 until 1928 when, according to his story, the defendants forced him out of his $40,000-a-year position as superintendent, told his wife he was mentally unsound as the result of drinking, had him detained for observation. A year ago he was released from Pennsylvania Hospital for the Insane as normal...

Author: /time Magazine | Title: Business & Finance: Deals & Developments | 1/26/1931 | See Source »

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