Word: newsprint
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Dates: during 1920-1929
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...immediate employes, more than 500 in the news and editorial departments. It owns, jointly with a power and newsprint company, an entire town and miles of timber in the wilds of Canada. Last year it spent nearly a million in the U. S. Postoffice Department, half a million on telegraph and cable tolls, almost as much on welfare work among its employes...
Behind the Newsprint Export of Canada there existed a theory and a fact. The theory was that the price of newsprint to U. S. publishers was $65 a ton. The fact was that association members were making deals with such major users as Publisher William Randolph Hearst for less than $60 a ton. When the fact became known to the theory, the Newsprint Export went up in smoke. The Hearst contracts went into court...
Down, down, down slid the price of newsprint. Mill production was curtailed; papermakers' profits were sliced. (TIME, Aug. 27). Last week, the "biggest" International Paper Co., with mills in Ontario, Quebec, Newfoundland (see Foreign News), contracted with Publisher Hearst on the basis of $50 a ton. Friendly, possibly merging Abitibi Power & Paper Co. made a similar deal with the Chicago Daily News. On the Manhattan stock exchange, International Paper common fell 4¼ points; Abitibi hit a new low for the year...
Columns of newsprint recorded his achievements, mourned him. Editorial writers lauded him, decried his untimely end at 55. Among all these encomiums there was one dissenting voice. Said the Barron-bereaved Wall Street Journal, editorially: "His services were of the highest value and conditions today might have been different if his health had permitted undivided attention to his office for the past three months...
...Pigeon Hill in Rockport, Mass., there stands a house. In the house-very much in the house-are 60,000 newspapers. In fact, they are the house (except for a wooden framework). The walls are made out of newsprint, 215 sheets in thickness, waterproofed by varnish. Begun seven years ago, this four-room house was completed last week by Ellis F. Stenman & wife & daughter...