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$300,000to 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...
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