Word: elmira
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...Maine, where securities of his Central Maine Power & Light have become popular legal tender and his henchmen, Walter S. Wyman and Guy P. Gannett, are ruling powers. Mr. Wyman is Water Power. Mr. Gannett, a cousin of Chain-Publisher Frank Gannett of Rochester, Syracuse, Brooklyn, Hartford, Albany, Utica, Elmira, Newburgh-Beacon (N. Y.), Plainfield (N. J.), Ithaca, Olean (N.Y.), Ogdensburg (N. Y.), is Power of the Press. His monthly Comfort reaches 1,226,330 homes. His dailies in Portland (the Press-Herald and Express} and Waterville (the Sentinel} dominate. Working quietly as always, Mr. Insull intrenched himself early...
...existence had been under the continuous ownership of a family group. _ Two upstate publishers thus became rivals in the huge, various New York City newspaper field. For only last August, another chain-paper man, Paul Block, bought the Brooklyn Standard-Union. Block began his newspaper career in Elmira, N. Y., and was publishing papers in Newark, Toledo, Duluth and Pittsburgh at the time he purchased the Standard-Union...
Gannett, too, spent some of his early years in newspaper work in Elmira. In 1906 he bought a half-interest in the Elmira Gazette, combining it with the Star. He fought shy of the larger cities for years as he expanded his holdings, buying up papers two at a time, consolidating them on firm financial bases. He went to Ithaca, to Rochester, to Utica; to Plainfield, N. J.; and back to New York with purchases in Newburgh, Olean and Ogdensburg...
Also leased for 999 years to the Pennsy R. R. is the tiny Elmira & Williamsport R. R. Pennsy took the line, in 1914, from the owning Northern Central R. R. Co. Together with 73.49 miles of single track, 0.34 miles of double track, a 999-year lease dating from 1863, the Pennsy acquired one of the freak obligations of railroad finance. For on May 1, 1863, the Elmira & Williamsport R. R. issued $569,500 coupon bonds, in denominations of $500, not callable before date of maturity. That date was fixed at Oct. 1, 2862, just seven months less than...
Thirty-three years ago he quit Elmira and advanced confidently upon Manhattan, to the offices of a Frank Richardson, then acting as the New York representative of many a country newspaper. Young Block became adept in garnering rich advertising contracts. By 1898 he felt able to start out in business for himself. Ten years later, he bought the Newark Star-Eagle at a receiver's sale for $235,000. It required all his savings in cash, some...