Word: funke
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Adolf Hitler's timing is seldom wrong, and just as the Czechoslovak crisis was coming to a showdown, German Economics Minister Dr. Walther Funk was dispatched from Berlin to the Balkans. Dr. Funk arrived last week in Ankara, the capital of a Turkey which only recently sent a delegation to Britain, sewed up a London loan for rearmament which was said to array President Kamal Atatürk ("Father of the Turks") with the forces of Democracy...
...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...
After Founder Funk died in 1912, the Digest became largely the creation of Robert Joseph Cuddihy, who was first employed by Funk & Wagnalls in 1878 as a 16-year-old office boy. He eventually came to own 60% of the company's stock. Retiring, kindly, generous Publisher Cuddihy used his magazine to collect some $10,000,000 for Belgian and Near East relief during and after the World War. In the ten years following the War, the Digest achieved its greatest period of power and prestige...
Wilfred John Funk, son of Founder Funk and onetime Literary Digest editor: "It is a very pleasant thing to have an old and honored magazine go into new and honored hands...
...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...