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...diplomatic Washington and Tokyo both professed blank ignorance of the whole affair. Secretary of State Hull said that all he knew about the matter was what he had read in the newspapers. Purred Navy Minister Osami Nagano in Tokyo: "In America, as in other countries, there are a few worthless individuals who try to obtain money from foreigners for supposedly valuable secret information, but we can't believe any Japanese officer attempted to use such persons...

Author: /time Magazine | Title: ARMY & NAVY: Job with Japanese | 7/27/1936 | See Source »

...first companion was killed in a race soon after their start. His second, picked up en route, died of jungle fever. His third lost his life when an avalanche hit the car. Once Barone was robbed by bandits who took everything but his car, which they considered worthless. It is now in the Studebaker Museum at South Bend...

Author: /time Magazine | Title: Letters, Jul. 20, 1936 | 7/20/1936 | See Source »

...market place and despair on the farm. While drought withered crops and pastures in a score of states, the nation's commodity markets staged the most exciting show since the great drought of 1934. A large part of the entire U. S. spring wheat crop was but worthless stubble. Winter wheat on the other hand had already been mostly harvested. Early in June the price of wheat was less than 85? per bu. Last week it sold as high as $1.10. In corn the damage could still be averted by a few good rains, but the possibilities of serious...

Author: /time Magazine | Title: Business: Bread & Butter | 7/20/1936 | See Source »

...Kreuger's credit deals. The report of the Swedish investigating committee seemed to confirm popular belief that Kreuger & Toll was hollow right down to the ground, that the Kreuger & Toll debentures sold by Ivar Kreuger in Europe and the U. S. in 1929 were about as worthless as any Kreuger securities except those that Kreuger had forged by hand...

Author: /time Magazine | Title: Business: Kreuger Finale | 7/13/1936 | See Source »

Starting without money in a two-room shack, the government of the new Republic ran deeper & deeper into debt, while the slaveholding South worked for its annexation to the U. S. and the industrial North stood firm against it. Bushels of almost worthless Texas scrip held by Northern speculators had much to do with the change of sentiment which brought the new State into the Union in 1845. Sixteen years later Sam Houston, no longer a hero, lost his Governorship because he opposed Secession. Texas gave its share of men & supplies to the Confederate cause but, though the last battle...

Author: /time Magazine | Title: National Affairs: Superlative Century | 6/8/1936 | See Source »

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