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News Brief

March 18, 1934
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Events finally caught up to old Alex Hammerslaugh, ex-Harvard who has nurtured these past few years, since his graduation from the handkerchief business, publishing ambitions. After a term as financial adviser to one publisher he found himself, through the grace of a bank, in charge of the firm of Long & Smith. The creditors had placed him in the driver’s seat with instructions to keep the machine away from the bankruptcy courts.

He had a jolly time and kept such literati as Tom Stix, V. F. Calverton, Herbert Weinstock and Wallace Brockway in nice jobs, to say nothing of a battery of type-writer athletes who drew pay checks weekly. The boys and girls turned out a number of books but ## any one title really caught on. It wasn’t all the fault of the Jewish sage of New Jersey. The creditors never did really allow him full swing.

Recently some of these creditors and especially some of the authors whose royalty payments had been delayed, decided that the gas was running low. Last week a petition was filed and the firm has been adjudicated a bankrupt. Hammerslaugh hasn’t given up yet but there is a lot of scurrying around after jobs by some of the employes.

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