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...Upshot of the meeting was the acceptance of a tentative plan of reorganization. Whiteley was to be released from Selfridge control, and Selfridge would be split into two: 1) a new trading company, 2) the old company as a holding unit for allocation and transference of future trading profits. The new company will take on the old company's trading assets and properties securing the old Selfridge debentures. Job of the old company is ostensibly to untangle Selfridge's financial mess. Whiteley stockholders will get new Selfridge redemption stock in lieu of guaranteed dividends due them...

Author: /time Magazine | Title: RETAILING: Selfridge Reorganized | 2/3/1941 | See Source »

Democrats feared a sit-down strike by political-minded industrialists; Republicans feared edicts from a political-minded President. Upshot of concern over the spread and depth of these fears was a public meeting at New York's Carnegie Hall, staged by the non-partisan Council for Democracy. In stage-Lincoln voice, Actor Raymond Massey read a unity plea by Poet Stephen Vincent Benet. Unity speeches were made by Attorney General Robert H. Jackson, Selective Service Director Clarence A. Dykstra, Columnist Dorothy Thompson, Labor Leader George M. Harrison, Industrialist Howard Coonley, Newscaster Raymond Gram Swing, Citizen Alfred Mossman Landon...

Author: /time Magazine | Title: National Affairs: Unity | 11/18/1940 | See Source »

...Upshot: no patent on Clostridium saccharo-butyl-acetonicum-liquefaciens...

Author: /time Magazine | Title: Science: Biology in Court | 11/11/1940 | See Source »

...were the American Lutherans, meeting in the ultra-plain parish hall of Detroit's Salem's Lutheran Church. Said ruddy, robust Dr. Emmanuel Poppen of Columbus, Ohio, their president: "The church's 1,600 pastors and 2,000 congregations must have an opportunity to be heard." Upshot: the American Lutherans expressed a fervent hope that they and the United Lutherans might both soon be united with the Missouri Synod. They appointed a new commission to continue negotiations...

Author: /time Magazine | Title: Religion: Ununited Lutherans | 10/28/1940 | See Source »

...little grey houses. Love interest is Ned's tenderness for Milldy, a mute Ozark urchin. After a raid on the general store, in which Pop Fulton is shot, angry Ned leads the gaunt, drought-mad farmers to the county seat for a sit-down demonstration demanding Federal relief. Upshot is a wild battle between "Red"-fearing townsfolk and desperate rustics. Dozens of both are killed when a building collapses, leaving Ned in a hospital to wonder if sister Wilhelmina will carry on, readers to wonder whether Author Rothermell's gory climax is not too convenient an ending...

Author: /time Magazine | Title: Books: Tellers of Tales | 10/7/1940 | See Source »

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