Word: lampooners
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Dates: during 1930-1939
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...vote of the Executive Board, at a meeting held in the Sanctum last night, the members of the Harvard CRIMSON decided unanimously to assume the debts of the financially prostrate Harvard Lampoon, humorous undergraduate publication, and purchased for an unannounced sum the rights to publication and the building of the organization...
...long the Lampoon has been heavily laden with debts run up on extravagant ventures which failed to bring the returns expected. Serious difficulties were met with in the case of many issues and the comic found itself ensnared...
...Lampoon Board approached the officers of the CRIMSON with the proposition several weeks ago and the CRIMSON has had it under serious consideration. Several obstacles presented themselves and it is only because of these that the transaction was not completed before the Spring vacation...
According to the bill of sale, the Lampoon gives up all rights to publication and permits the CRIMSON to take up the duty of putting out their issues...
During the past few years, the Lampoon has published parodies of Photoplay, Fortune, and other nationally-known magazines. The editors of the Lampoon hoped to pay off part of the debt that has accumulated through the years by issuing these popular parodies, but the results were far from encouraging. The tax collector of Cambridge has served notice on Lampy that the taxes must be paid within a week, and it is under pressure of this demand that the proposition with the CRIMSON was renewed with added vigor...