Word: graustein
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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 most...
That was not precisely the climax to a spectacular career that Mr. Graustein anticipated. When he took command of International in 1924, he found that the company had chopped down most of the forests near its U. S. newsprint mills, that its machinery was largely obsolete. He proceeded to build and buy enormous new plants in Canada and Newfoundland, where the pulpwood supply was handy and adequate. And since papermaking requires more power per worker than any other industry, except possibly electro-chemicals, he built hydroelectric plants to turn his paper mills. While he was about it, he installed enough...
...about $55 per ton in 1929, then on down to a Depression low of $40. Even on its great modern paper machines at Gatineau and Three Rivers, Que.; Dalhousie, New Brunswick; and Corner Brook on the west coast of Newfoundland, International could not make enough money. But President Graustein discovered other profit sources. One was kraft paper, the common coarse bag and wrapping paper manufactured in the South. In the process of acquiring kraft companies, Mr. Graustein picked up a crack operating man named Richard J. Cullen, who headed the big International subsidiary, Southern Kraft Corp...
...footnote*)Dr. Little, Sec. 1 Sever 13Dr. Richards, Sec. 2 Sever 18Mr. Westgate, Sec. 3 Sever 14Dr. Finley, Sec. 6 Sever 19Latin 1 Sever 17Mathematics A III (see footnote*)Prof. Stone, Sec. 1 New Lect. HallDr. Currier, Sec. 2 New Lect. HallMathematics 2 II (see footnote*)Prof. Graustein, Sec. 1 New Lect. HallMr. McLano, Sec. 2 New Lect. HallMathematics 5b Mallinckrodt MB23Music 3a Music Bldg.Philosophy 5 Emerson DPhysics 26 Pierce 110Psychology 6 Emerson ASemitic 1 Emerson DSemitic 13 Emerson DSlavic 2b Sever 72 P.M.Philosophy B Memorial HallSociology 13 Emerson 211Spanish 5 Memorial...
...Little, Sec. 1 Sever 17 Dr. Richards, Sec. 2 Sever 18 Mr. Westgate, Sec. 3 Sever 23 Professor Rand, Sec. 6 Sever 18 Latin 1 Sever 24 Mathematics AIII (see footnote*) Professor Stone, Sec. 1 Sever 36 Dr. Currier, Sec. 2 Sever 32 Mathematics 2 II (see footnote*) Professor Graustein, Sec. 1 Memorial Hall Mr. McLane, Sec. 2 Memorial Hall Mathematics 5a Memorial Hall Mathematics 32 Memorial Hall Music 3a Music Bldg. Philosophy 3a Emerson A Philosophy 6 Emerson H Physics 23 Pierce 304 Psychology 10b Emerson 27 Semitic 1 Emerson D Semitic 13 Emerson D Slavic 2b Emerson...