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...Upshot of this assignment: New York City was "swept clean" of streetwalkers and Dr. Flexner got a key to the Rockefeller millions. In his 15 years on the Rockefeller General Education Board, Dr. Flexner helped create top-notch medical schools all over the U. S., launched progressive Lincoln School, steered the Rockefeller wealth into many another exemplary enterprise. When he retired from G. E. B. in 1928, philanthropists refused to give him peace, implored him to spend their money. At the urging of Newark Merchant Louis Bamberger, Dr. Flexner took $5,000,000 to start the Institute for Advanced Study...

Author: /time Magazine | Title: Education: Autocrat of the Moneybags | 10/7/1940 | See Source »

...imagination of the war-scared U. S. by offering to turn out 1,000 airplanes a day if the Government would let him do it his way. Secretary of the Treasury Henry Morgenthau grasped at the magnanimous offer, called Son Edsel to Washington to discuss what Ford might make. Upshot: Edsel tentatively agreed to make 6,000 Rolls-Royce liquid-cooled engines for Great Britain...

Author: /time Magazine | Title: Business: Ford's Rolls-Royces | 7/8/1940 | See Source »

...Daily Worker and the weekly New Masses. Last month the Department of Justice had the editors of both publications before a District of Columbia grand jury, whereupon they wailed that their rights (and the rights of the whole U. S. press) had been atrociously violated. Upshot: no indictment, but a strange performance by the Daily Worker...

Author: /time Magazine | Title: RADICALS: Mr. Hathaway Registers | 4/15/1940 | See Source »

Less Than Two Hours. For almost six months, Liquidator Odlum and underwriters (Lehman Bros., Goldman, Sachs and First Boston Corp.) played financial poker with one another over the price at which Indianapolis common could be sold. Indianapolis' 1939 earnings were $2.05 a common share, its dividend $1.60. Upshot of the haggling: the bankers bought 714,835 shares of Indianapolis for $22 a share, agreed to sell it to the public at a $2 markup, for $17,156,040 in all. To Atlas, the sale of U. P. & L.'s Indianapolis stock meant cashing in on around...

Author: /time Magazine | Title: UTILITIES: Indianapolis Sold to the Public | 4/15/1940 | See Source »

This was the eloquent statement made by old "Uncle Sol" Beveridge to two women campers in 1902. Upshot: a school for mountaineers at Hindman in Kentucky's feuding Knott County, high in the Southern Appalachians...

Author: /time Magazine | Title: Education: School in Caney Valley | 4/8/1940 | See Source »

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