The Press: The Great Consolidator

The "Oldest Daily Newspaper in the United States. Established 1793" —The Globe and Commercial Advertiser (New York)—has been consolidated out of existence. Frank A. Munsey did it As anticipated when Mr. Munsey bought The Globe (TIME, June 4), he merged it with The Sun (New York) to give the latter paper Associated Press service which it lacked.

Mr. Munsey has a genius for consolidation. He is said to be the only man who ever consolidated into one building a successful newspaper, a successful grocery store and a successful magazine. The consolidation of The...

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