Word: pattersoned
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Dates: during 1940-1949
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...flamboyant Times-Herald, it would mean a return to the distaff rule that the newspaper had known for eleven whirling-dervish, moneymaking years under the late Eleanor Medill ("Cissy") Patterson. But there the resemblance ended: in temperament and talent, Bazy and her distant cousin were as different as sugar and spice...
...sited and no less valiantly defended, we hope, than young George Washington's Fort Necessity."* What Trib Publisher Bertie McCormick meant was that he had just bought the Washington Times-Herald (circ. 278,000) from the seven "faithful employees" to whom his cousin, the late Eleanor Medill (Cissy) Patterson, had bequeathed it a year ago (TIME...
Cousin Cissy's estate included not only the Times-Herald but also about a one-eighth interest in the Patterson-McCor-mick family trust, whose 2,000 shares control both the Chicago Tribune and the New York Dotty News. Under Cissy's will, the stock was part of her residual estate, earmarked for such charities as Chicago's Children's Home and Aid Society and the Cradle Society. But it looked as if the stock might have to be sold to help pay inheritance and estate taxes. That posed for Colonel McCormick the horrible prospect...
...well. On top of the $640,000 each of the seven faithful would get from the Times-Herald sale, Waldrop drove a still shrewder bargain. He got the colonel to agree to give each of them ten shares (worth at least $35,000 a share) of the McCormick-Patterson trust stock. Times-Herald staffers wondered whether there would be any personnel changes. Said Editor Waldrop: 'You'll have to ask the colonel. He's the boss...
Atomic Energy Commission Chairman David E. Lilienthal and General Lucius D. Clay shared the 1949 Freedom Award. Said Freedom House President and onetime Secretary of War Robert P. Patterson: "Each has had to overcome almost insurmountable obstacles, thoughtless opposition and totalitarian pressures...