Word: wealth
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Dates: during 1930-1939
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Some confusion is bound to arise from your use of the word "junk," which covers a large number of waste materials, in conjunction with scrap iron. The impression is made that there is a great deal of wealth to be made in the waste industry. The only element of truth that may be taken from such an impression is that the scrap dealer creates national wealth out of waste materials, but not personal wealth. The margin of profit in this industry is small; the knowledge required to preserve even this small margin of profit is a specialized knowledge...
...action regulated by reason. Every inhabitant would do his proper share of work (the Soviet intention). For proof that Society could thus be run he suggested that Parliament should "found an experimental, voluntary, selfsupporting colony . . . of say 100,000 persons to maintain themselves and continually to increase their wealth when freed from the restraints and social errors of modern civilization." As a site for the experiment he suggested "one of the States of North America," or France...
Current news items on War Debts for years back have created a grossly exaggerated view of the size of international war debts. An example of this is contained in your editorial comment (TIME, Aug. 8). You state the present national wealth of the United States at $329,700,000,000 and you give the War Debts to the United States at $22,230,000,000. The present value of the national wealth is $329,700,000,000. The present value, on a 3½% interest basis, of the payments totalling $22,230,000,000 which we are scheduled to receive...
...German notion-store keeper in Cincinnati. She falls in love with John Boles, a pedigreed young banker, who by a series of misunderstandings, makes her his mistress instead of his wife. Though Boles is selfish and niggardly, she rejects an old sweetheart who offers her position and wealth. The young banker becomes a big banker, supported by his mistress' advice. Going to Europe on a Reparations commission, he takes his mistress on one deck, his wife & children on another. One of the children attempts to pay off the mistress. Boles arrives in time to realize that her small linger...
...cashing the Bonus; and Father James R. Cox of Pittsburgh, who invaded Washington with a jobless "army" last winter (TIME, Jan. 18) and is candidate for President of the U. S. on a "Liberty" or "Jobless" party ticket. Father Cox talks loudly of taking over all U. S. wealth, all U. S. banks, providing public works to end unemployment. "Either my party or Communism!" shouts round-faced Father...