Publishers: The Man Who Snatched Away a Meal

The occasion was scarcely expected to be lively. It was the annual shareholders' meeting, in Glasgow, of Scottish and Universal Investments Ltd.

(SUITS for short), the holding company for Sir Hugh Eraser's vast assembly of Scottish and British department stores. Nor did the chairman's report seem like a call for Scottish cheer. By paying out some $10 million, said Sir Hugh, he had acquired controlling interest in George Outram & Co., Ltd., a prosperous Glaswegian publishing house that had not really been for sale. But once they heard the expensive word, the SUITS shareholders burst out in un-Caledonian glee. "For...

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