Word: posts
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Dates: during 1950-1959
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...house with a dining room imported from the 18th century London home of David Garrick, 6,500 acres of Maine farm-and woodland, and six Saint Bernards. At this point of conspicuous prestige, on June 17, 1952. Fox signed a contract to buy the 121-year-old Boston Post. From then on, the road led down...
Newspaper Days. Still in hock up to his eyebal's, Fox needed ready cash to run the Post. Up to then, the Post had been a strident critic of Massachusetts' Democratic Governor Paul A. Dever, running for reelection. Dever arranged for his friend Bernard Goldfine to extend Fox about $400,000 in credit-and the Post suddenly became one of Dever's loudest backers. Similarly, Fox had pledged the Post to support Massachusetts' Republican Senator Henry Cabot Lodge Jr., and abruptly switched position. His story now is that after discussions with others, including Neanderthal Republican Publisher...
Worst of all were Fox's notions of the principles which should guide journalism. To Post executives, fretting at the paper's wild machinations, Fox had a stock answer: "No one has ever measured the capacity of the American people to absorb manure." John Fox, yardstick in hand and a slug of bourbon within reach, gave it a try-and drove the Post into bankruptcy court. One of those pulling the plug on Fox was Friend-Turned-Enemy Bernard Goldfine...
...event, Goldfine called in his Post loans to Fox, later appeared as the angel behind a syndicate trying to buy Fox out of the staggering Post. Fox, certainly at least as much through his own behavior and his growing reputation as a fabulous deadbeat as through anything Goldfine might have done, found credit doors slammed in his face. The Post folded on Oct. 4, 1956. In his struggles in the net of finances, John Fox has had federal tax liens slapped on his properties, been hauled through Boston's Poor Debtors' Court, been arrested for failure to meet...
Married. Marjorie Merriweather Post Close Hutton Davies, 71, Washington hostess, Post Toasties heiress worth nearly $100 million, who in 1937 went to Moscow as the wife of the late (TIME, May 19) Joseph E. Davies, then U.S. Ambassador to the Soviet Union, where she lavishly displayed the graces of capitalism to admiring comrades; and suave, silver-haired Herbert A. May, 66, senior vice president of Pittsburgh's Westinghouse Air Brake Co., a lustrous host and lover of good clubs, who, according to friends, "spends money beautifully" and carries himself "as if he were posing for his own statue...