Word: octopus
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Dates: during 1930-1930
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...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...