Word: wichitas
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...signs and badges on newsstands, delivery trucks and employees' lapels, the Wichita, Kans. evening Beacon last week proclaimed "Wichita's New Freedom." What the Beacon was so happy about was a consent decree just handed down by a U.S. circuit court against the rival Wichita paper, the Eagle, which was ordered to cease and desist in its longtime practice of forcing subscribers to take both its morning and evening editions and requiring advertisers to take space in both editions or none at all. Moreover, the Beacon (said the Eagle) had sicked the Justice Department on the Eagle...
Talons over Talent. The Wichita battle started in the '20s when the Beacon was taken over by brothers Max, John and Louis (who died in 1953) Levand, who had learned the newspaper business under Publishers Frederick Bonfils and Harry Tammen in the carnival atmosphere (1895-1933) of the Denver Post. The Levands jazzed up the Beacon's copy, said that they would run the Eagle off the streets. The Eagle, under Publisher Marcellus Murdock, fought back with talons rather than talent, screaming: "Since the Levands came here ... a new word has come into use in Wichita...
...Jewish), while Eagle staffers spread rumors that the Beacon was getting ads by threatening to publish photographs of solid citizens surprised by Beacon photographers in compromising situations. The Eagle wrote balefully of "the threat of Levand influence," went out of its way to talk about "Max Levand of the Wichita Beacon, who owes the Government nearly $10,000 in taxes." When Marcellus Murdock's daughter went East and married a Jew, the Eagle said nothing, but the Beacon told about it in all too enthusiastic detail. When a girl staffer at the Beacon shot herself, the Eagle tried...
...harvesters of the U.S.'s scandalous farm subsidy program, none have harvested more profitably than a bulky (6 ft., 190 Ibs.), hearty Kansan named Ray Hugh Garvey. Wichita's Garvey, 66, is a businessman of wide and wealth-producing interests: he controls a 500-well oil company (with a 27½% depletion allowance on federal corporate income taxes), a loo-house-a-year building firm (most with FHA-insured mortgages), a fuel-distribution company selling to farmers (who often use gas unstintingly because of a 2½-per-gallon rebate on federal taxes). But it is from...
Gart is as comfortable in Boston as a codfish cake. He was born there him self, but headed west to Kansas after graduating from Boston's Northeastern University. He became news editor of the Wichita Eagle, was a stringer cor respondent for TIME before going to full time in 1955 as Toronto bureau chief. In Toronto Gart got his intro duction to finance by covering the frenzied Toronto Stock Exchange and its volatile penny stocks. He also got his first market blooding (he lost $4.98). Back in his native Boston, Gart got a different view of finance...