Word: colliers
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...quivering pink poppy in a golden, windswept space." John was a poor young cartoonist in those days, and all he could pay was compliments, but there were many wealthy wolves on the prowl at Evelyn's door. At 16, she had adorned the cover of Collier's magazine in the famous Eternal Question portrait by Charles Dana Gibson, and she was known to thousands as the prettiest piece of fluff in the big city...
...another, chunky Charley Thieriot has been trying to get the Chronicle firmly in the black. Soon after he became assistant publisher three years ago, 37 staffers were given notice, and Editor Paul Smith (now boss of Collier's) quit in protest. Last year Managing Editor Larry Fanning resigned, according to city-room gossip, because of Thieriot's determination to pinch more pennies out of the news budget...
...Post (circ. 4,600,000) made major changes in its makeup. But last week readers of the Satevepost saw a big difference. There were more pictures-some spread across two pages or running necklace-fashion around text. There were wider margins, gaps of white space, splashier illustrations, and a Collier's-like short-short story. As body type for its stories and articles, the Satevepost replaced its familiar Century Schoolbook type with a lighter version of an old-fashioned design by John Baskerville, great and good friend of Satevepost Patron Saint Benjamin Franklin...
Once a profit was in sight, Crowell-Collier President Smith set to work to bring in badly needed new capital. He laid his financial problem before Manhattan Broker Edward L. Elliott, who found him a group of 26 big investors, including Chicago Financier J. Patrick Lannan (see BUSINESS). The Elliott group agreed to buy $3,000,000 worth of new Crowell-Collier debentures, convertible to 600,000 common stock shares (at $5 a share). It also took an option to buy half the 400,000 shares (26% of outstanding stock) held by the late Joseph Knapp's Publication Corp...
...boosting authorized stock from 1,700,000 shares to 3,000,000 (to cover the convertible debentures) and buying up 200,000 shares of the Publication Corp. stock, the Elliott group can dilute Publication Corp.'s share in Crowell-Collier to as low as 6.5%, thus end its working control. If all goes well at a special stockholders' meeting next week, most of Crowell-Collier's old 17-man board will resign, to be replaced by a streamlined, nine-man board which will be controlled by the Elliott group. Smith left no question about who will then...