Business & Finance: Merger

From the rostrum of Duke University's expensive chapel one evening last week Dr. Broadus Mitchell, an economist of Johns Hopkins University, looked with misgiving upon an audience of fur-coated coeds. Said he:

''Your very magnificence is bought at the expense of the underpaid and sacrificing toil of thousands. I'm not sure that North Carolina can afford your magnificence. It's a question of whether the common welfare is to be sacrificed for the opulence of the few. . . . Mr. Duke was lacking in social insight. There can be no doubt that the power he...

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