 "The Daily Compass" was chiefly financed through the Chicago, Illinois, philanthropist Anita McCormick Blaine, the McCormick Harvesting Machine Company heiress, who furnished either $300,000 or $2 million for the start-up (sources differ).She was introduced to Thackrey in late April 1949 by a mutual friend who had intended to put up half the money.When the friend backed out, Blaine invested the whole amount in return for all the preferred stock; Thackrey held 51% of the common stock, and control.