When the Federal Trade Commission became interested in the newspaper-buying activities of International Paper & Power Co. last spring, the fact was disclosed that two young men named William Lavarre and Harold Hall had been commissioned by I. P. & P. to buy a chain of newspapers in the South (TIME, May 20). They bought four: Augusta (Ga.) Chronicle, Columbia (S. C.) Record, Spartanburg (S. C.) Herald and Journal. Purchase money amounting to $870,000, the buyers told the Commission, was loaned to them by I. P. & P.
Last week one of the young...
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