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the very day that this second print run arrived the United States Congress changed the tax law enough that the book was outdated.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:
“Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“Let it suffice that in the light of these two facts, namely, that the mind is One, and that nature is its correlative, history is to be read and written.”
—Ralph Waldo Emerson (1803–1882)
“I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.”
—Frances Burney (1752–1840)