Word: heralding
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Dates: during 1920-1929
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...Jimmy" has a growing fondness for things money can buy. As William F. Kenny was ready to give his last of a multi-million nickels to help his friend Alfred Emanuel Smith, so Publisher Paul Block (Newark Star-Eagle, Brooklyn Standard Union, Toledo Blade, Pittsburgh Post-Gazette, Duluth Herald) seldom counts the change where his friend. Mayor Walker, is concerned. The Mayor spends more nights and mornings in the Block suite at the Ritz than he does in his personal bed on St. Luke's place...
...name, a new figure, a new power, arrived last week in Chicago. All were bound up in the person of Homer Guck (pronounced "Guke"). Upon the resignation of Merrill Church Meigs as publisher of the Chicago Herald and Examiner, William Randolph Hearst appointed Mr. Guck to the post...
...publishers, young men both, were William LaVarre, former circulation promoter of the New York Times and New York World, and Harold Hall, former business manager of the New York Telegram. They told of purchasing four papers: the Augusta (Ga.) Chronicle, the Columbia (S. C.) Record, the Spartanburg (S. C.) Herald and Journal. All purchases were for cash and the entire sum, $870,000, was supplied by International Paper & Power Co. In exchange they gave their notes which were secured by the stock of the newspapers as collateral, although the actual certificates were not turned over. In no case did they...
...least, an uphill job to be successful, and the International would not be willing to make any investment under any circumstances in any newspaper if it did not feel that the investment in itself was wise and profitable." All told, International holds over $10,000.000 of newspaper securities: Boston Herald and Traveler: 10,248 shares (50%) of the common stock bought for $5,380,200. According to a trust agreement this stock is not voted by International. Brooklyn Daily Eagle: $1,954,000 in notes and 400 shares (40%) of a holding company which controls the Eagle. Albany Knickerbocker Press...
Spartanburg (S. C.) Herald-Journal, Columbia (S. C.) Record and Augusta (Ga.) Chronicle: $855,000 of notes of the owners, secured by all the stock of these papers. In spite of the earnest Graustein statements about the Graustein press, almost all the rest of the press flayed the Graustein policy. Conservative editors saw it innocent enough but potentially dangerous to press freedom. The yellower sheets saw nothing but machinations of the Power Trust-and undoubtedly hoped to capture circulation from the 13 Graustein papers by painting them black. Said the Hearst press: "The Federal Trade Commission has uncovered the power...