Word: compass
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Dates: during 1950-1959
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Norman Thomas, perennial Socialist candidate for president, and Ted O. Thackrey, editor of the New York Compass, will be among the speakers this Friday at Rindge Teach when the first Law School Forum of the year discusses "The Future of the American Liberal...
Last week Squadron 375 was sure it had the twilight problem pretty nearly licked. One gadget it has found useful is the Pfund† sky compass which polarizes light reflected from the sky-and points to the spot on the horizon directly above the invisible sun. When used with the proper tables, the sky compass gives the direction in which the plane is flying...
When pudgy, greying Theodore Olin Thackrey started his left-wing New York Compass 16 months ago, on the ashes of the departed Star, he seemed to be well fixed financially. He got $750,000 from 84-year-old Mrs. Emmons Elaine, daughter of Reaper King Cyrus McCormick and cousin of the Chicago Tribune's Bertie McCormick, who had given away ten of her millions for various causes and charities. When & if the Compass ran through its nest egg, the chances were good that Aunt Anita would cheerfully ante up again. But last week Editor Thackrey made a sad announcement...
...Compass is to be saved, said Thackrey, it is up to the readers. He asked them to buy $300,000 in Compass stock at $10 a share, as a starter. As part of his sales talk, he gave out the first financial and circulation figures on the Compass' first-year operations. They gave a rare peek into the costs of starting metropolitan newspapers these days but they were hardly encouraging to would-be investors...
...tabloid had taken in $1,081,458, chiefly from circulation at 10? a copy, and had spent $1,595,570. Net loss for the first year: $514,112. Although the Compass has a tiny (25) editorial staff compared to other New York dailies, close to half the expenses were on the editorial side for reporters, wire services, cable tolls, etc. Advertising income, largely from amusement ads,, was only...