Frank Munsey

Frank Andrew Munsey (August 21, 1854 – December 22, 1925) was an American newspaper and magazine publisher, banker, political financier and author.

Munsey is credited with using new, high-speed printing presses, supplied with inexpensive, untrimmed, pulp paper, to mass-produce magazines at significantly reduced costs.

At age sixteen he moved to Portland as the telegraph operator for a hotel, and after jobs in Rye Beach, Boston and elsewhere he returned to Maine, where he was hired by Western Union in about 1877 to manage their branch office in Augusta.

Augusta was also the center of a major part of the American magazine publishing industry, and among other local businessmen Munsey met Edward Charles Allen, who had founded People's Literary Companion in 1870 and become very successful in the business.

[5] Munsey became determined to publish a magazine, and having saved $500 and persuaded two acquaintances to invest $3,500 ($111,000 in 2023), he spent his $500 on acquiring manuscripts, and left Augusta for New York in 1882.

The magazine ceased publication after the election but its apparently official nature helped Munsey get credit for paper and other supplies.

"[8] An advertising campaign in 1887 put Munsey $95,000 in debt, but made The Golden Argosy profitable, and boosted circulation to 115,000 in May of that year.

[12][13] In 1889 he launched a second magazine, Munsey's Weekly,[14] and in 1891 he tried his hand at running a newspaper, taking over the Daily Continent, but giving it up after only four months.

[29] It was re-organized in 1915 as The Equitable Trust Company with Munsey as chairman of the board, and became one of the city and state's dominant financial institutions into the late 20th century.

Munsey and George W. Perkins provided the financial backing for Roosevelt's campaign leading up to the Republican National Convention in Chicago.

Designed by McKim, Mead and White of New York City with 13 floors, it had ranked among the tallest structures in the Nation's Capital.

D.C.'s Munsey Trust Building was torn down in spite of a court case and extensive protests by historical preservationists.

The Munsey Building sits at the southeast corner of North Calvert and East Fayette Streets in downtown Baltimore.

The Munsey Building was notable for its upstairs offices and its ground floor printing presses, visible to passers-by through large department store, display-style windows designed and built for "The News" of Baltimore.

Under Hearst's ownership, the paper moved again in 1924 to East Pratt Street between Commerce and South Streets (facing the old "Basin"/Inner Harbor piers), The Munsey Building, by then separated from the newspaper was later renovated into an elaborate bank headquarters and customer service lobby of marble, brass and bronze for his Munsey Trust Company.

In the early 2000s, after a series of bank mergers and out-of-town take-overs, the building was transformed into apartments and condos with some commercial food and snack shops located on the ground floor, where the grimy printing presses once rumbled and rolled, replaced later by the ornate brass and marble counters for customer service with wood and paneling framed, glass-partitioned offices of the banking empire, but the name remained.

This bequest included ownership of the Sun-Herald newspaper, The Mohican Stores grocery chain, and real estate holdings in Manhasset, New York, on the north shore of Long Island.

By 1950 the Museum had sold the Munsey real estate interests to other developers, realizing an estimated four million dollars from these transactions.

Frank Munsey c. 1919
After the defeat the loser reviews his wounded lieutenants Munsey, George Walbridge Perkins and Joseph M. Dixon . From The Evening Star (Washington DC) Dec 10, 1912