Word: randolph
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Dates: during 1930-1939
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...attention of the Securities & Exchange Commission in Washington last week came two of the most remarkable registration statements ever filed. Having reshuffled the major provinces of his tangled empire, William Randolph Hearst proposed to borrow $35,500,000 from the public-$13,000,000 for Hearst Magazines Inc., $22,500,000 for Hearst Publications, Inc., which included two radio stations, nine dailies and the Sunday-supplement American Weekly. By no means did Mr. Hearst tell all. Although the registrations took in the entire string of Hearst magazines they covered only one-third of the Hearst newspapers, included nothing on such...
...rest is a complete lesson in Hearst finance. First comes the payment of bank loans amounting to $1,900,000. To get these bank loans Hearst Magazines had to have them guaranteed by its parent company, Hearst Corp., by its grandparent company, American Newspapers, Inc., and personally by William Randolph Hearst. Mr. Hearst's name is also on a $2,000,000 printing bill due Cuneo Press, Inc. This bill will also be paid from the proceeds of the new issue...
...lease burdensome is that Hearst Magazines has been paying rent not only for space it occupied itself but for space used by the Journal. Moreover, the lease is pledged under a Journal bond issue, now outstanding in the amount of $2,000,000 and personally guaranteed by William Randolph Hearst. Since this bond issue will be retired as soon as Hearst Magazines buys the building, Mr. Hearst will be relieved of another contingent liability...
...profitable New York Evening Journal-in a wholly-owned subsidiary called Hearst Publications, Inc., which now proposes to offer $22,500,000 worth of bonds to the public. Nearly all the proceeds will be used to pay off bank loans and refund old bond issues, many carrying William Randolph Hearst's personal guarantee...
...meeting last year, members had talked themselves into a vastly more imposing program. Other objects of the Artists' Congress are nothing less than a crusade against war and fascism, agitation for more and better Government art projects, opposition to lynching, commercialized art colonies, the Liberty League and William Randolph Hearst...