Word: utilitarianism
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...news of bygone weeks, herewith sequels from last week's news: C. To the attempted extradition from Greece of Samuel Insull, Chicago's run- away utilitarian, on U. S. charges of criminal bankruptcy for withdrawing $2.500,000 from his tottering company when he knew they were about to crash (TIME, Sept. 4): refusal by the Greek Appellate Court, which then released Fugitive Insull from custody...
Where Illinois failed to extradite him last year for embezzlement, the Federal Government last week was trying its powerful hand at getting Samuel Insull, Chicago's runaway utilitarian, out of Greece on criminal bankruptcy charges. Into his suite at Athens' swank Grande Bretagne Hotel marched Greek policemen with an order for his arrest. Fugitive Insull, aged 73, lost his temper, sputtered and fumed while his rooms were being searched, his papers seized. Day prior he had told the Athens correspondent of the New York Sun that he "never felt better." By the time he reached police headquarters...
...article in the magazine is "The Betrayal in American Education," by H. M. Jones. It is not necessary to read many lines of this gloomy piece to discover the ghost writer of its dogmas. For a less violent but less concise statement of the snares and delusions of American utilitarian education--political, religious, and social, as well as academic, one should browse in the books of Professor Babbitt. Almost to a phrase the attacks on utilitarianism, immediacy, cheapness, indolence, and shying from moral and mental effort, emanate, seemingly, from the twilight of Sever 11. In American education, to quote from...
Last week the following were news: Owen D. Young, chairman of General Electric (recently ordered by court decree to rid itself of its Radio Corp. stock), was denied by Attorney General Cummings the right to continue on the Radio Corp. board-unless he resigned from General Electric. Beneficent utilitarian though Owen D. Young may be, not even he is permitted to be an interlocking director...
...past two years Utilitarian Mitchell, now 71, has been in ill health, and it was this that he gave last week as his reason for retiring. He announced that he would soon sever all business connections including directorships in some 35 companies. Clarence Edward Groesbeck, his president, was picked to succeed him. And for Chairman Groesbeck the job will not be easy, for Bond & Share's four big affiliated holding companies, American Power & Light, National Power & Light, Electric Power & Light, American Gas & Electric, must deal with a louder demand for rate reductions than ever reached Chairman Mitchell...