The Press: Banged Banks

If the New York Times were to attack New York Edison Co. and print scorching editorials against the big banks, it would certainly cause a good deal of excitement. It might even start a run on one of the banks. But it certainly would not bring all Manhattan business to a standstill. No metropolitan newspaper, however influential, dominates its entire community nowadays.

Smalltown journalism is different. In a small community with only one or two newspapers, the editorial tail can wag the financial dog. Thus last week, all on account of the little...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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