Word: octopus
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...cliff the whirlwinds beat, The octopus crowd comes rolling...
...mergers and failures, was sung last week to the House Committee on Banking & Currency by Charles Edwin Mitchell of National City. The small bank, he maintained, is more efficient as part of an ably directed system than as an independent unit. He pooh-poohed the bogey of a financial octopus with: "Banking is not a business which can be monopolized...
Most people think of the Third or Communist International as the avatar of wickedness, an octopus projecting its tentacles from Russia into the politics of other countries (TIME, Feb. 3). Wrathfully last week reactionary Paris news organs reminded the world that there is also a Second or Socialist International of which a leading member is James Ramsay MacDonald...
...bless the gods who wrought her.' Last March John Macrae, president of E. P. Dutton & Co. (books), called the Book-of-the-Month Club "an octopus that sucks away the life blood of the book business." His specific charges: i) Club judges were influenced in book selections by the Club management; 2) discount rate of book purchasing by the Club sometimes exceeded its announced rate; 3) the Club's purpose was misleading. Piqued, the Club sued President Macrae for libel, asked $200,000 damages. Admitting he was "wrong," President Macrae last week retracted his charges. The Club dropped...
...apparently having been inspired by the 500,000 share turnover (TIME, May 13) during one day last fortnight. Mr. Broun bought the preferred, which has been almost stationary around 8. With his Arkansas Natural Gas, his public morality got once again all entangled in the tentacles of the Superpower Octopus. For Arkansas Natural Gas is a subsidiary of unique Henry Doherty's Cities Service Co., great among U. S. utility companies...