The Press: Banker's Sideline

In Southern cities where most of the Big Business is controlled by a few men, it is not unusual for a banker, landowner or merchant to be a newspaper publisher by avocation. In Louisville Banker James B. Brown was such a publisher. Political and financial dictator of Kentucky, one-time president of National Bank of Kentucky and BancoKentucky Co., he was seen in the offices of his Herald-Post perhaps once a year. Hence last week, when the paper passed in bankruptcy sale to John B. Gallagher, New York advertising man, for $315,000, it was...

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