Word: ledgers
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Dates: during 1950-1959
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...Miller's most mailable literary essays is typical: "Joyce, the mad baboon, herein gives the works to the patient antlike industry of man which has accumulated about him like an iron ring of dead learning." In a collection of aphorisms, the reader learns that "in life's ledger, there is no such thing as frozen assets." If the sage of Big Sur were to be judged from this book alone, it would be hard to justify Editor Durrell's prophecy that Miller may one day be classed with Whitman and Blake...
...purchase of Avon was one more signpost along the new path that the Hearst empire has followed since the death of William Randolph Hearst in 1951. In constructing his corporate cat's cradle, Hearst paid so little attention to the ledger that in 1940 an economist, wading through Hearst's 94 separate corporations, discovered outstanding debts of $126 million. What Hearst was after was possessions, power and journalistic influence. His successors, a 13-man board of trustees headed by hard-eyed Richard E. Berlin, 65, a onetime Hearst ad salesman, prefer, where possible, to take a profit...
With cold ledger logic, Boss Berlin has dumped unprofitable properties, e.g., the Chicago American in 1956, the International News Service in 1958, and forced idle properties to produce, e.g., by logging Hearst's 67,000-acre northern California sanctuary, Wyntoon, for an estimated $2.000,000 annual return. Berlin has also invested in new properties whenever the risk looked good. Hearst's stable of 13 magazines, one of the relatively few consistent moneymakers in the empire, has grown by the addition of Sports Afield (1953) and Popular Mechanics (1958). With Avon (117 new titles last year), Businessman Berlin picked...
...years for the government to pay, it was a sign of real progress. In the nine months since Paper Tycoon Jorge Alessandri, 63, moved in as President on a free-enterprise platform, the longtime degeneration of the national economy has been halted, even reversed in spots. Items on the ledger...
Hang or Dance. White's Mexico Ledger has a first-class reputation in Missouri, a motto ("Covering the news like dew covers Little Dixie'') and a strong Democratic policy. At the Herald Tribune, Bob White will be taking over one of the nation's oldest, staunchest Republican newspapers. When White first talked to Whitney, he pointed out that he was a Democrat, was keenly interested in whether Republican Whitney wanted to turn the Herald Tribune into a better newspaper or merely into a G.O.P. mouthpiece. Whitney's answer was firm: he wanted a good newspaper...