Monday, Nov. 30, 1925
Wiley, Waste
Among the ablest of Manhattan's wealthy Hebrews is a small man named Louis Wiley. As Business Manager of the New York Times, he is the right-hand prop of Adolph S. Ochs, famed proprietor of that newspaper. There are few facts about newspaper publishing that are not noted in the card-index under Louis Wiley's hat. Recently he held forth on the topic of waste:
"It will doubtless astonish you to know the actual volume of this waste. In the 13 weeks ending November 1 of this year the bogus set in the New York Times composing room totaled 708 pages, and the cost was $33,198.12. This indicates an annual waste in excess of $125,000 in one composing room. The annual total for all New York newspapers is estimated to be at least $1,000,000. I hesitate to think what future generations will think of a twentieth century society which permitted such a practice. I know of no waste chargeable against management which compares with that in sheer futility. Labor would gain more by voluntarily giving up this tax on society than it could possibly lose. It cannot profit labor to know that some of its workers live off such a tribute levied against industry."