Word: mcbeath
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Dates: during 1930-1939
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...shares in the Nieman estate were acquired by the Journal Co. and Miss McBeath at $3,500 a share, Miss McBeath buying in her part of the trustfund. Next, one-fourth of the Journal's total stock, split 100 for 1 to convenient $35 units, was offered for sale to Journal employes of five years standing. Since 531 Journalists qualified, each employe received an initial stock quota of from $500 to $5,000, based on his pay & rank...
...most prosperous newspapers in the land is the solid old Milwaukee Journal which made money even during Depression. At her death last February, the 55% of Journal stock Founder Lucius William Nieman left in trust to his widow and his niece, Faye McBeath, was to be sold, not necessarily to the highest bidder, but to the persons "most likely to carry on the Journal tradition...
...Nieman's own will directed that proceeds of her estate be given to Harvard as a memorial for a favorite nephew The paper's President & Editor Harry Johnston Grant, who already owned 20% of the Journal, thereupon announced that he and Niece McBeath wanted to have the Nieman stock made available for a plan whereby the Journal's employes could buy in on the ownership (TIME, June...
With the new alignment, Mr. Grant Miss McBeath, the estate of a former Journal business manager and the employes will each own one-fourth of the paper. Mr. Grant and Miss McBeath have directed in their wills that their stock will eventually be sold to employes thus giving them full control...
...protesting Xieman kin also upset the plan of the Journal's ruddy Publisher Harry Johnston ("The Chief"') Grant to take over, along with Mr. Nieman's niece Fay McBeath and any Journal employes who could afford to buy in the 1,100 shares of Journal stock which Mr. Nieman left in trust. The Xieman trust represents 55% of the paper's controlling interest. Of the remaining 900 shares, Mr. Grant already owns 400, while 500 are held by Mrs. Susan Boyd of Wilmington, Del., widow of a onetime Journal business manager. The Grant plan would create...