Word: ledger
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Dates: during 1930-1939
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...late Cyrus H. K. Curtis had a golden touch with magazines (Satevepost, Ladies' Home Journal, Country Gentleman), but his newspaper ventures turned to lead. He bought and killed off three famed Philadelphia newspapers to keep his morning and evening Public Ledger alive, also acquired the New York Evening Post and Philadelphia Inquirer. Before he died in 1933 he turned over management of them to his stepson-in-law, John Charles Martin, who got his business start selling coat hangers to villagers along the Ohio River...
...small shakes as a publisher. In five years he has lost-one by sale, one by merger, one by forfeit- three of the papers into which millions of Curtis magazine profits were poured. Last week it appeared that Publisher Martin might soon lose his last one, the evening Public Ledger...
...socially minded wife have long been on chilly terms with the other Curtis heirs-Daughter Mary Louise Curtis Bok, Grandsons William Curtis and Gary Bok. Among the trustees who run the Curtis estate, the Boks can always get a majority. The trustees can fire Publisher Martin when Ledger earnings drop below a certain level. That exactly this has happened was reliably reported after a stormy stockholders' meeting three weeks ago. Pink-cheeked Gary Bok, who was delegated as family "spokesman," declined to discuss the Ledger's future for the present. But when a newsman asked him about reports...
...side of the ledger, restricted funds can be positive drawbacks to Harvard, either because they support projects which actually embarrass the University, or because the ends to which they are devoted are as useless as iron rhinoceri. On the other hand, mobile funds are necessary if Harvard is to play its part in educational and scientific progress. Under this second category comes a final point, that unrestricted grants are needed for an integration of higher learning...
...auspicious not only for the Debating Council, but also for the House Plan and Harvard at large. Signal is the addition it makes to the ledger of House activities. Of prime importance is the web it weaves to bind closer faculty and students by its plan of tutor participation. It will undoubtedly play an important part in the further development of the warm community spirit which is the ultimate goal of the House Plan...