Newspaper magnates have found it profitable, of late years, to buy rival sheets, not to add to their collections, but to amalgamate them with their own, making one of two (or three or four) -reducing competition. But to buy a rival paper, amalgamate it out of existence, and promptly set up another-that is not so usual a procedure. Yet it was done last week, apparently with cogent reasons, depending on a given set of circumstances.
The Situation. When Cyrus Hermann Kotzschmar Curtis strode into journalism, in 1913, bought the staid, sanctimonious Philadelphia Public Ledger, the eyes that swiveled in his direction widened...
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