Press: Tennessee Threat (Cont'd)

When RFChairman Jesse Holman Jones sold $250,000 worth of Nashville Tennessean bonds to Banker Paul Maclin Davis few weeks ago, the deal was loudly decried as a threat to the freedom of the press by Publisher James Hammond of the Memphis Commercial Appeal, who was anxious to have the bonds himself (TIME, Oct. 21). Chairman Jones chose to ignore Publisher Hammond's hoots until last week when he revealed that Banker Davis had bought the bonds at a price $50,000 higher than that offered by the Memphis publisher. Hot-headed Publisher Hammond promptly wired Chairman...

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