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...President Erskine made money until 1932. Then he tried to swing the biggest motor merger of the year- purchase of White Motor Co. (trucks). Studebaker borrowed to finance the deal, but a few White stockholders prevented Studebaker from taking title to the assets. Studebaker found itself strapped and the upshot was a "friendly" receivership last March. The organization was held together

Author: /time Magazine | Title: Milestones, Jul. 10, 1933 | 7/10/1933 | See Source »

...Upshot was the Senate's adoption of an amendment to the supply bill which prevented the President from cutting by more than 25% the pension of any veteran on the rolls March 15, 1933 with a service-connected disability. The vote was a tie (42-10-42) which Vice President Garner broke in favor of the veterans for fear the White House would be given a worse drubbing by alternative proposals. The Veterans' Administration figured that this change would add about $156,000,000 to pension costs. It would not only reduce economies on battle-scarred veterans...

Author: /time Magazine | Title: HEROES: Cuts Cut | 6/12/1933 | See Source »

...heart would break and still his city was constantly leaping from one weekly default crisis to the next on its short-term debt to local bankers. So old and familiar were Chicago's financial woes that Mayor Kelly did not bother to go to Washington to repeat them. Upshot of many a windy speech last week was the drafting by Mayor Walmsley of a tearful resolution of the conference's wants. It was adopted with a hopeful whoop. The mayors wanted: 1) the Government to lend them $1,000,000,000 per year for two years for routine...

Author: /time Magazine | Title: STATES & CITIES: Mayors Without Money | 6/5/1933 | See Source »

...Author. Like many a good Irishman, Francis Stuart happened to be somewhere else when he was born-in his case, Australia. His Ulster-Unionist (anti-Free State) parents sent him carefully to Rugby, England's heartiest school. The inevitable Irish upshot was that Francis Stuart landed in a Dublin jail as a rioting Irish Republican. Against the wishes of both families he ran away with Iseult, niece of famed, beauteous Patriot Maud Gonne MacBride, whose husband had been executed in the 1916 rising. Now he lives in Glendalough (Dublin suburb), flies a plane, raises chickens, tries to find...

Author: /time Magazine | Title: Books: German Falstaff | 1/16/1933 | See Source »

...great men of the past. He has run his eye over the scroll of worthies, all great men in their time, sons of thunder, shakers of the earth,--and now forgotten. Like all of the Vagabond's musings, this one had an external stimulus and efficient cause, though the upshot is as the spirit listeth. For the Vagabond has been casually reading some minor English poets, men whose names are known to all, their works to none, or whose immortality is frailly linked to a note in a textbook, a piping lyric in an old anthology. The thought came...

Author: NO WRITER ATTRIBUTED | Title: The Student Vagabond | 12/16/1932 | See Source »

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