To the attention of the Securities & Exchange Commission in Washington last week came two of the most remarkable registration statements ever filed. Having reshuffled the major provinces of his tangled empire, William Randolph Hearst proposed to borrow $35,500,000 from the public—$13,000,000 for Hearst Magazines Inc., $22,500,000 for Hearst Publications, Inc., which included two radio stations, nine dailies and the Sunday-supplement American Weekly. By no means did Mr. Hearst tell all. Although the registrations took in the entire string of Hearst magazines they covered only one-third of the Hearst newspapers, included nothing...
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