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the very day that this second print run arrived the United States Congress changed the tax law enough that the book was outdated.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:
“No matter how vital experience might be while you lived it, no sooner was it ended and dead than it became as lifeless as the piles of dry dust in a school history book.”
—Ellen Glasgow (1874–1945)
“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)
“All history and art are against us, but we still expect happiness in love.”
—Mason Cooley (b. 1927)