Word: odium
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Such was President Floyd Bostwick Odium's restatement of policy in the last annual report of his Atlas Corp., biggest investment trust in the U. S. Mr. Odium's theories of how to run his $110,000,000 company are as new to the U. S. as his own success. The average trust merely invests its funds in a long list of good stocks & bonds that any shrewd investor would buy if he had the money. In Britain, where this type of financial institution is so old that prime trust debentures sell on a par with government securities...
...Odium's theories hew close to the British tradition. Last week, apparently satisfied that "the upward trend could be seen with greater clarity." the young, sandy-haired financier made U. S. financial history by offering'to underwrite two big issues of new Paramount Publix Corp. securities. Under the film company's plan of reorganization, already approved by security-holders and the courts, Paramount's old stockholders will be offered a smaller amount of new shares in exchange for their present holdings and also the right to buy more. The Atlas offer, which Paramount swiftly accepted...
Traditional British policy strives to keep either France or Germany from becoming top dog. It was Lloyd George who saved Germany from Georges Clemenceau. This week it is His Majesty's Government who save the Fatherland from odium and much else by sending Sir John Simon to shake the flabby-fleshed hand which has just torn up the Treaty of Versailles...
Three years ago Consolidated fell into the toils of the mightiest investment trust in the U. S., Floyd Bostwick Odium's Atlas Corp. Consolidated's corporate troubles had begun with a post-War expansion during which it acquired a string of lithograph companies and a $3,000,000 debt. Atlas Corp., through a subsidiary, acquired some five-year notes covering the fattest slice of this debt ($1,600,000), together with 40,000 shares of Consolidated stock. Into the maw of Atlas Corp. many companies go but few return. Consolidated was the exception. Smooth, hustling President Jacob...
...months Japan has been trying to get France to join her in denouncing the Treaty. Up to the very last, new French Premier Pierre Etienne Flandin kept Washington and London under the impression that he would make no gesture to ease Tokyo's odium. Then in Paris up jumped fiery Naval Minister Francois Pietri last week. "The Washington Treaty is intolerable for France!" he told the Naval and Foreign Affairs Committees of the French Chamber. "We, the Cabinet, are agreed soon to declare publicly that France considers the Treaty as ended in 1936, but of course France is always...