Like many another figure in "Big Business," William Randolph Hearst, after loudly condemning Wall Street, has come to use it in selling his securities.
Mr. Hearst has incorporated under the laws of California a holding company known as the Hearst Publications, Inc., which will acquire ownership of eleven Hearst publications, including the San Francisco Examiner, San Francisco Call-Post, Los Angeles Examiner, Los Angeles Evening Herald, Oakland Post-Enquirer, Good Housekeeping, Cosmopolitan, Harper's Bazaar, Motor and Motor Boating. A prominent firm of Wall Street investment bankers will underwrite and distribute a 6½% first mortgage...
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