Word: defunction
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Once upon a time there was the now defunct Kex Club of Mt. Auburn Street. "Kex", they say, is Greek for "Poison Hemlock." Some learned member of the club, knowing that Kex meant Hemlock had a pine cone engraved upon the insignia; but, alas, pines and hemlocks are two different things, a fact well known to all New Englanders, but not to the Kex Club. This sad error, however, was soon to be transcended. The Kex of the ancient Greeks was not a member of the gymnospermous order Coniferales; it is, rather, a member of the dicotyledonous family, Umbelliferae...
...forthcoming investigation since it can be anticipated that many thousands of innocent investors throughout the U. S. will suffer directly or indirectly. At any rate, if nothing more serious than putting $10,000,000 worth of government bonds temporarily on the list of the assets of the defunct Union Trust of Cleveland can be charged against the famous pair, they will have proven themselves financiers of an exceptional order of morality. The practice is as common as an alley cat, and it's a poor bank indeed that cannot list at least a few government bonds on its balance sheet...
...recent questionable left on the undergraduate door-sill by the Harvard Critic reminds us that that defunct publication is stirring within its whited sepulchre. With what rosy promises they beguiled the eager freshmen into the wolf-tended folds of their subscribers; with what lurid phrases they depicted the Alpine peaks of journalism which they were about to scale! Tenacious memoirs will recollect that toy booklet which appeared last fall, so scholarly in its denatured, so anxiously emulous of its elder brethren. A column of humor painted the Lampoon's lily an article on Harvard indifference fairly stole Mother Advocate...
This week George Graham Rice will have on the newsstands a successor to his defunct Iconoclast-a weekly called Rice's Financial Watchtower, 25? the copy. Just what George Graham Rice will watch from his tower was not clear, but his sheet is "millitant and pro-Roosevelt." Leading editorial in the first issue: "POWER & RESPONSIBILITY." Excerpt: "Any man who wields power without recognizing his responsibility is a menace. Big Finance has been that. . . . [The Big Financiers] have cut away the sand from under their own feet and have dug their graves. In another year or so new laws...
...State Court in Manhattan the Federal Government filed an unprecedented suit to compel the 20 banks of the New York City Clearing House to pay $9,375,000 for losses of the defunct Harriman National Bank (TIME, March 27). The Government's contention was that when during the dark summer of 1932 officers of the Clearing House promised to support the Harriman, it bound members of the Clearing House to pay any losses to Harriman depositors. To this Clearing House officials retorted that the Clearing House did not and could not give such a guarantee, that the directors...