"I think it is clear," said John Hay Whitney, publisher of the New York Herald Tribune and former U.S. Ambassador to the Court of St. James's, "that though I have worked at journalism, I am here primarily because I am a millionaire." But it was as a journalist that "Jock" Whitney had been invited to Colby College, in Waterville, Me., to accept Colby's honorary Elijah Lovejoy fellowship.* And it was very much as a journalist—and publisher—that Whitney spoke.
Something Lost. "It may be," Whitney said ruefully of the paper he bought five years ago, "that there are worse investments...