Authors:
Historic Era:
Historic Theme:
Subject:
April/May 1983 | Volume 34, Issue 3
Authors:
Historic Era:
Historic Theme:
Subject:
April/May 1983 | Volume 34, Issue 3
I have read John Cole’s article “If You Ran a Small-Town Weekly” in your October/November issue with outraged mortification. I am in the position of the man who called the editor to say: “You know that story you ran yesterday about me making a million dollars last year in the stock market? Well, there were some things wrong with it. It wasn’t the stock market, it was retail clothing. And it wasn’t last year, it was ten years ago. And it wasn’t a million, it was three million. And it wasn’t me, k was my uncle. And he didn’t make it, he lost it.”
The Cole article is a continuous fabrication that violates my history, goals, character, and credibility and does disservice to my chosen profession. In the single page you permit me, it is impossible to refute point by point a four-page feature article. Briefly then:
John never “ran” a small-town weekly, let alone mine. I was full owner, editor, and “runner” of the Kennebunk (Maine) Star and majority owner with the same titles of its metamorphosis, the York County Coast Star , now owned by The New York Times . With photocopies and letters I have convinced you of these things.
John misrepresents my investment in all ways (total $30,000, all mortgaged, not $100,000; down payment $5,000, not $1,000; bank mortgage note $5,000, not $100,000; etc.); number of starting employees (2, not 5); starting circulation (total 1,280, not 3,000); paid subscribers (200, not 2,000); coverage area (2 towns, not 5); area population (6,700, not 20,000); size of the newspaper when I bought it (4 pages, not 8); and almost all other details in similar proportions. He says the former owners misrepresented things to me (they didn’t); that all employees walked off the job the first day (they didn’t even contemplate it); and on arid on—too many for this space.
Most insulting is that John totally ignores my role at the newspaper, the one he claims for himself. Throughout he claims complete editorial responsibility, although not only was I editor, shaping policy, but I did more writing of all sorts—reports, features, editorials—and more copy editing. Since he had no stake whatsoever in the business, his agonizing over his personal financial risk is fantasy.
Most degrading are the preposterous references to my prior career, enthusiasms, and methods. I am repeatedly represented as some kind of wheelerdealer racetrack frequenter and smalltown business entrepreneur. I was, among other things, a writer, Navy fighter pilot, head of overseas interests for a trade association, manager of large mills, and finally assistant to the president of a diversified company whose stock was traded on the New York Exchange, before I quit in 1958, at age thirty-five, to buy the Star . I paid the asking price, much more than it was worth, and never offered less. That is my proud, if naive, custom. The sales