Word: haddens
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Financial Desert. Although advised that TIME could not properly be launched with less than $1,000,000 capital, Editors Luce and Hadden started with only $85,000. This they obtained by selling preferred and a little common stock in TIME Inc.* to citizens who had more faith that a newsmagazine would be a public service than that it would be a financial success...
Slowly but surely the magazine gained readers and advertisers. Yet when TIME was nearly three years old (circulation: 105,530), Editor Luce spent two hours one evening walking around Manhattan's Bryant Park with an old friend debating whether he and Editor Hadden could afford to raise their own salaries to $50 a week (their writers already were paid more). He decided they would be justified in doing it. But so ingrained was the habit of plowing back profits into the improvement of the magazine that not until 1929 (circulation: 243,400) could enough money be spared...
Thunder & Lightning. Henry Robinson Luce and Briton Hadden were great & good friends who had been to Hotchkiss School and Yale together, had been editors of their undergraduate papers, had been cub newspapermen. While reporters on the late Frank Munsey's Baltimore News, they conceived the newsmagazine idea and set out to found TIME...
HARVARD '41 DARTMOUTH '41 Lovett, l.e. r.e. Larrigan Tibbetts. l.t. r.t. Winship Lacey, l.g. r.g. Dacey Townsend, c. c. Phelan Lowry, r.g. l.g. Young Elser, r.t. l.t. Hadden Koufman, r.e. l.e. Kelley James, q.b. q.b. Courter Gardells, l.h.b. r.h.b. Bowe Donahue, r.h.b. l.h.b. Krieger Budlong, f.b. f.b. Norton...
Eliot 7: l.e., Hunsaker. Uihlein, Blaine, Hadden, Prario, Batchelder, Reed. q., Oates. White, Bluns Trope. Substitutes: Schutzer, Hornig, Wahlke...