Word: dictum
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Despite repeated statements by Secretary of the Treasury John W. Snyder that the U.S. would not raise the official price of gold (TIME, Nov. 14), speculators apparently followed the dictum attributed to Bismarck: "Never believe anything until it has been officially denied." Over the past months, the speculators went right on bidding up the price of gold stocks. Last week, President Truman pricked the speculators' golden bubble. As long as he was President, he said, the price of gold would not be raised. Next day, speculators unloaded 13,900 shares of Homestake Mining, which dropped 3½ points...
...meeting was then opened to questions from the floor. The first query was, what percentage of Coop purchases are made by members? "Seventy-two to seventy-eight percent," answered Mr. Cole, and then, as an obiter dictum, divulged what he called "the Great Mystery of the Harvard Cooperative Society:" why some people pay a dollar to join and then buy only five cents of goods...
Sullivan cited Oliver Wendell Holmes' dictum that "no man is free to shout 'fire' in a crowded theater" in defense of his thesis that Communist Party tactics are a "present threat" to American freedom and should be opposed by whatever legislation is needed. Emphasizing the implications of the present international situation, he said, "There are only two contestants in the world scene today--the United States and Russia. We have no alternative but to consider Russia as an enemy...
Then a sizable bloc of Southern operators, led by Island Creek Coal's President James D. Francis, dusted off John Lewis' own terse dictum, tailored it a bit and tossed it back in his face. Their message: "No contract, no royalty payments." The Southern operators, who produce 40% of the nation's coal, cut off their 20?a ton payments to the U.M.W.'s $90 million-a-year welfare and retirement fund...
...that double-edged dictum, Spanish Philosopher José Ortega y Gasset cuts the ground from under the moderns and anti-moderns alike. Writing with gloomy detachment in the current Partisan Review, Ortega traces the evolution of painting from Giotto to Picasso, describes it as "a unique and simple action with a beginning...