Business & Finance: Graustein Out

Eleven years ago the directors of International Paper Co. plucked Archibald Robertson Graustein from a big Boston law firm, made him head of the world's biggest paper company at 39. Five years later President Graustein found love in the person of one Claire Patton, who was earning a modest living as a hostess in Manhattan's democratic Roseland Dance Hall. He whisked her off to Texas, married her. By this time Mr. Graustein's company was called International Paper & Power, and it was more a power company than paper company. Last week, having sloughed off...

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