In 1924 International Paper Co. lured brilliant, voluble Archibald Robertson Graustein out of a Boston law firm, made him president, gave him free rein. Mr. Graustein proceeded to take the bit in his teeth. International was huge when he got it. Archie Graustein made it colossal, chiefly by adding power properties. Before he got through, International Paper & Power Co. was an $800,000,000 empire stretching from Newfoundland to the Gulf of Mexico.
Archie Graustein, however, was no paper man. And three years ago, after both International and the industry had begun to recover from their doleful declines in the early 1930s, he...
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