Anon, I would agree with most of what you said although i'm sure we all have are unique interpretations. "found dead on the phone" I have always thought goes along with "dogs" being the workaholic, go gettem', cut throat types who would spend their whole lives making "contacts" to reach their goals. "Dragged down by the stone" as in their own ambitions and conflict of those ambitions w/ others dragging the dog down. how about "Given a seat on the bus" from earlier versions? I also noticed that the Animals sleeve lyrics have a different verse that i don't remember off hand. Anyway, it is a very moving end to an extrordinary song.

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We don't know what the hell it is, except that it's very large and it has a purpose.
-Dr. Floyd, 2010