Word: heraldic
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Dates: during 1920-1929
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...with reference to newspaper ownership and to make a report at its 1930 meeting, by which time more data will be available on the program of the trust, especially that of International Paper Co. This company was named because of its purchase of a dominant interest in the Boston Herald and Traveler, because it manufactures more newsprint than any other company in the world, and because it is a subsidiary of International Paper and Power Co., vigorous participant in New England's "White Gold Rush" (TIME, April 22). ¶ Editor-in-chief George B. Parker (Scripps-Howard chainpapers) denounced...
...purchasers quietly explained: "The stock was acquired as a profitable investment in an allied business closely related to the manufacture of newsprint, to insure a permanent outlet for newsprint, and the arrangement was welcomed by the Boston Herald and Traveler interests as a reliable source of supply on a favorable basis...
...further explained that, though International Paper is a New York corporation (long dominated by the Publishers Reid of the New York Herald Tribune, control of the Herald and Traveler would remain in Boston through the appointment of Philip Stockton, John R. Macomber and Sidney W. Winslow Jr., all oldtime Bostonians, as trustees...
Other subsidiaries of International Paper & Power are New England Power Co. and several similar public utilities operating within the sphere of influence of the Herald and Traveler. I. P. & P. is primarily a power combine nowadays, affiliated through such men as it placed in charge of the Herald and Traveler with potent finance (Old Colony Trust Co., First National Bank, Harris Forbes & Co.), with potent industry (United Shoe Machinery Corp.), with potent traction interests (New York, New Haven & Hartford...
...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 and deep. But his operations eventually awakened such utility companies as the Boston Edison to look around and consolidate, to form the New England Power Association and other companies, to employ such brains...