History
Looseleaf service is a form of publishing invented by Richard Prentice Ettinger in 1913, founder of Prentice Hall. As a 19-year-old assistant to his Princeton University tax professor he was awarded with the then lucrative task of publishing the professor's book at his own risk. The first print run sold well and he ordered a second print run from an outside printing company. On the very day that this second print run arrived the United States Congress changed the tax law enough that the book was outdated. Faced with this challenge Ettinger came up with the idea of cutting the pages (leaves) loose, replacing the few pages where changes in the tax code had occurred, drilling holes through the pages and putting them into a ring-binder. Even though it was more costly it did have the added benefit that all future changes of the tax code could easily be accommodated by simply exchanging a single leaf.
Read more about this topic: Loose Leaf
Famous quotes containing the word history:
“To a surprising extent the war-lords in shining armour, the apostles of the martial virtues, tend not to die fighting when the time comes. History is full of ignominious getaways by the great and famous.”
—George Orwell (1903–1950)
“In the history of the human mind, these glowing and ruddy fables precede the noonday thoughts of men, as Aurora the sun’s rays. The matutine intellect of the poet, keeping in advance of the glare of philosophy, always dwells in this auroral atmosphere.”
—Henry David Thoreau (1817–1862)
“The disadvantage of men not knowing the past is that they do not know the present. History is a hill or high point of vantage, from which alone men see the town in which they live or the age in which they are living.”
—Gilbert Keith Chesterton (1874–1936)