Word: graustein
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Then to Roseland from Boston and the front rank of U. S. tycoons came Archibald Robertson Graustein, head of the International Paper Co. (now subsidiary of International Paper & Power Co.). Great was Mr. Graustein's place and many were his cares, but he bade dull care adieu, learned Roseland's ropes. He found that payment of 85? entitled him to three dances (three minutes apiece). After these initial dances, men who had brought their own girls danced with them at 5? per dance. But girl-less men (like Mr. Graustein) danced with hostesses, paid at the rate...
Simple was the rest of the story-only the happy ending remained. For, much as Hostess Patton may at first have questioned the story of riches and position to which this middle-aged (Mr. Graustein is 43) suitor referred, she found that the unbelievable was true, that the incredible was a fact. One day (March 14),* in El Paso Tycoon Graustein and Hostess Patton were married, and from Roseland's hostesses the fairest flower is gone...
...Frank D. Comerford, a vice president of I. P. & P., told the Commission: "I thought it unwise for our company to invest in newspapers. ... I told Graustein [Archibald Robertson Graustein, I. P. & P. president] so in private . . . but never said so in a Board of Directors meeting." In Manhattan and Richmond, Va., two more side-lights developed last week to heighten the power-paper investigation spectacle...
Following the disclosures of Archibald Robertson Graustein, who told of International Paper & Power Co's investing more than ten million dollars in 13 newspapers (TIME, May 13), the Federal Trade Commission last week called two of the publishers who had been financed, to tell their story...
...stock in four of his papers, but by announcing that he had bought back such stock from I. P. & P. (TIME, May 13): and Samuel Emory Thomason, co-owner of Bryan-Thomason Newspaper Publishers, Inc. (Chicago Journal, Greensboro, N. C., Record, Tampa, Fla., Tribune) in which are one million Graustein dollars...