Following the disclosures of Archibald Robertson Graustein, who told of International Paper & Power Co's investing more than ten million dollars in 13 newspapers (TIME, May 13), the Federal Trade Commission last week called two of the publishers who had been financed, to tell their story.
The two publishers, young men both, were William LaVarre, former circulation promoter of the New York Times and New York World, and Harold Hall, former business manager of the New York Telegram. They told of purchasing four papers: the Augusta (Ga.) Chronicle, the Columbia (S....
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