The Press: Wavering Compass

When pudgy, greying Theodore Olin Thackrey started his left-wing New York Compass 16 months ago, on the ashes of the departed Star, he seemed to be well fixed financially. He got $750,000 from 84-year-old Mrs. Emmons Elaine, daughter of Reaper King Cyrus McCormick and cousin of the Chicago Tribune's Bertie McCormick, who had given away ten of her millions for various causes and charities. When & if the Compass ran through its nest egg, the chances were good that Aunt Anita would cheerfully ante up again. But last week Editor Thackrey made a sad announcement: The Compass has just about run...

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