Word: astors
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...Hyde Park vacation over, President Roosevelt cruised down the Hudson as the guest of Vincent Astor, realtor, banker, backer of the forthcoming weekly Today (see p. 24). With them were half a dozen non-political friends-the same group that fished together off Florida last February just before Chicago's Mayor Cermak was assassinated at Miami. Above the Nourmahal floated the Presidential flag-four white stars on a blue field. President Roosevelt thought it was the first time in U. S. history that that emblem had been used on a private yacht. Heeling the Nourmahal were two naval watchdogs...
What Vincent Astor does not know about publishing magazines would doubtless fill the logbook of his yacht Nourmahal. What William Averell Harriman does not know about it would fill the minute-book of his Union Pacific board of directors. Mr. Harriman's sister, Mrs. Mary Harriman Rumsey, chairlady of the NRA Consumers Advisory Board, once backed a friend, William Johnson, in an ambitious but unsuccessful Editors' Feature Service (newspaper syndicate), but she is no editorial genius. Neither, for popular purposes, is Raymond Moley, criminologist, economist and erstwhile chief of President Roosevelt's Brain Trust, whose resignation therefrom...
...talk by radio and write for publication. Professor Moley was most prolific, turning out a "State of the Nation" colyum for the McNaught syndicate, less readable but more helpful than Democrat Al Smith's monthly pieces in the New Outlook. In elaborating their plans last week, Backers Astor & Harriman did not say just what Editor Moley's contribution to their organ would be, but they gave these details...
...Astor: "I don't know. I'll go farther than that...
...Moley's resignation was the first major break in the President's Washington lineup. Vincent Astor, rich young Roosevelt friend, took Dr. Moley off the Administration's hands by opportunely announcing plans for a 5? political weekly (as yet unnamed) and making the outgoing Assistant Secretary of State its editor. Other sponsors of the magazine were Mrs. Mary Harriman Rumsey, NRA Consumer Board chief, her brother William Averell Harriman, Union Pacific board chairman, and Virgil V. McNitt of McNaught Syndicate who was to be executive editor. The weekly will support and expound the New Deal...