Business: Periodicals

Roy W. Howard, head of the E. W. Scripps Co. and its 26 Scripps-Howard newspapers, met some gentlemen from the Guaranty Co., the Chemical National Bank of Manhattan and of Sidlo, Simons, Day & Co. of Denver. The men, like most men in finance, depend for livelihood upon creating new security issues for sale to investors. Mr. Howard's company, they knew, could carry new financing. It had never gone to the general public for funds and it was a great profit-earner. On his part, he could use some millions to pay for papers which he had recently acquired and for others...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!