Word: octopuses
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Dates: during 1920-1929
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...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...
...equipment. Inasmuch as Associated Electrical Industries is about one-third owned by International Electric Co., and as this latter corporation is a subsidiary of U. S. General Electric, it seemed at least possible that Sir Hugo might find himself indeed entangled in the tentacles of the U. S. Money Octopus. Rumored negotiations between British G. E. and Associated Electrical Industries were last month denied, but Sir Hugo's unsuccessful attempt to keep British G. E. stock from U. S. holders was said to have resulted in a resumption of merger conferences...
...Wall Street (TIME, Feb. 18). A mingled outburst of oratory, ethics, provincialism and a little economics was the result. The prevailing sentiment was strongly against the speculator. Since, however, the very Senators and Representatives who were most inclined to view Wall Street as the heart of the money octopus also regarded the Federal Reserve System as at least a tentacle of the same monster, the banker was scolded while the broker was flayed...
...sheer frenzy and unprintable vilification of debate in the Senate was barely eclipsed by that in the House. Deputy Manuel Mijares shrieked: "Morones is a octopus sucking the blood of the laboring classes, vulturing and gorging on the dupes who have elected him President of the Crom!" Deputy Aurelio Manrique began by calling President Calles a Judas and worked down through comparisons which finally became obscene. Senator Lauro C. Caloca hurled thoroughgoing curses and charged that Señor Calles when President had connived with Luis Morones in stupendous graft. Meanwhile in the Chamber of Deputies Melchor Ortega and Aurelio...