Word: funk
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Dates: during 1930-1939
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...life of 48 years, during which it achieved a unique place in U. S. journalism, the Literary Digest last week was taken over by TIME, thus ceasing to exist as a separate publication. First issue of the Literary Digest appeared on March 1, 1890. Its publishers, Isaac Kauffman Funk & Adam Willis Wagnalls, classmates at Wittenberg College (Springfield, Ohio) and ordained Lutheran ministers, conceived the magazine as "a repository of contemporaneous thought and research as presented in the periodical literature of the world.'' In 1905 this formula was extended to include newspaper comment on the news...
Last July Funk & Wagnalls sold the once great Literary Digest to the Albert Shaws Sr. & Jr. (Review of Reviews). Last October the Shaws passed the Digest on to George F. Havell & associates. Mr. Havell and his friends, none of them wealthy, anticipated working capital from an unnamed publishing angel. While Recession interceded and the angel procrastinated, one of the Digest's few substantial sources of revenue was renting to advertisers (at $8 to $15 per thousand names) its mailing lists of 4,000,000 names of present and former subscribers. But that was only a stopgap...
...elusive angel with promises the Digest's circulation would be all the better for being pared from 465,000 to a solid, potentially-profitable 300,000 by doing away with combination and bulk sales. Against liabilities of $1,492,056 (including a $60,000 demand note to Funk & Wagnalls-original Literary Digest publishers-$63,000 for paper, $30,000 for printing, $612,000 to readers for paid-up subscriptions), the Digest listed assets of $850,923,: cash on hand, $222,293; mailing lists, furniture, machinery, $377,794; deferred charges, $160,821; goodwill...
Second prize went to a team of Arthur B. Gnaedinger, Robert Atwater, John B. Harlow, and Robert L. Wright. George F. Snell ranked third, while John H. Funk won the fourth prize which was contributed by Colonel Apted, one of the judges. The other judges were Dean Hanford and Morris Earle...
...played the trumpet and Wright the piano, while the other two sang and trucked during the rendition of the song, inserting at one point "I could sing Boula, Boula, even sing ...." Snell's contribution was featured by a rendition of Beethoven's "Minnet in G" on the harmonica, and Funk Sang the prologue to "Pagliacci...