As Laughlin once wrote, "none of this would have been possible without the industry of my ancestors, the canny Irishmen who immigrated in 1824 from County Down to Pittsburgh, where they built up what became the fourth largest steel company in the country.
Harvard University, where Laughlin matriculated in 1933, had a more conservative literary bent, embodied in the poet and professor Robert Hillyer, who directed the writing program.
Laughlin accompanied the two on a motoring tour of southern France and wrote press releases for Stein's upcoming visit to the U.S.
With funds from his graduation gift, Laughlin endowed New Directions with more money, ensuring that the company could stay afloat even though it did not turn a profit until 1946.
The first publication of the new press, in 1936, was New Directions in Prose & Poetry, an anthology of poetry and writings by authors such as William Carlos Williams, Ezra Pound, Elizabeth Bishop, Henry Miller, Marianne Moore, Wallace Stevens, and E. E. Cummings, a roster that heralded the fledgling company's future as a preeminent publisher of modernist literature.
Laughlin often remarked that the popularity of Siddhartha subsidized the publication of many other money-losing books of greater importance.
With money from his graduation gift, he founded the Alta Ski Area in Utah and was part-owner of the resort there for many years.
When reviewers sought additional copies of the novel, Laughlin was not available to give the book the push it could have used, and as a result Williams nursed a grudge against the young publisher for years.
Laughlin's outdoor activities helped other literary friendships, though; for many years he and Kenneth Rexroth took an annual camping trip together in the Sierra Nevada mountains of California.
In the 1960s, Laughlin published Rexroth's friend, the poet and essayist Gary Snyder, also an avid outdoorsman.
With funding from the Ford Foundation and with the assistance of poet and editor Hayden Carruth, Laughlin founded a nonprofit called "Intercultural Publications" that sought to publish a quarterly journal of American arts and letters, Perspectives U.S.A., in Europe.
Although Laughlin wished to continue the journal, the Ford Foundation cut off funding, asserting that Perspectives had limited impact and that its money would be better spent on the more effective Congress for Cultural Freedom.