RUMANIA: Super-Capitol

A $100,000,000 contract, pledging the credit of every man, woman and child in Rumania to the extent of approximately $5, was signed with a U. S.-German group of builders and architects last week by Vice President Clinciu of the Rumanian Senate.

Purpose: to provide Rumanian Government employes in Bucharest and elsewhere with 50,000 spandy new "model homes"; plus a liberal complement of highways', lighting systems, schools; plus a sugar plum for the Government itself in the shape of "the most magnificent Capitol Building in Europe."

To finance this gargantuan program a Special Funding Bank was created last week in Bucharest, with...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!