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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!