The Press: In Miami and Paris

It appeared last week that the young Cornelius Vanderbilt IV string of newspapers was pretty well wrecked. About two months ago (TIME, May 10), the younger Vanderbilt was forced to asknowledge publicly that he was in financial difficulties and to call for aid—$300,000—to keep his three papers running. Soon afterwards his San Francisco paper, the Illustrated Herald, suspended publication, and his Los Angeles paper, the Illustrated News, went into receivership. Last week his Miami paper, the Illustrated Tab, failed to appear. The owner of its offices had taken legal measures to oust...

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!