The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-12-24
,r orion. VAR. colfax. and che Tribune.

Orion,
The New Albany Times says of William
nton. who recently purchased fifty-one
,,ares of the New York Tribune stock for
$4,000:
NE Quit the printing business in the
,,,r;ur Of 1850 and engaged in the book
,r,sdp subsequently becoming member OF
.hn vanishing firm of Derby. Orton & Null
,;,on Bufalo, and atterward Derby & Orion,
\nn York His early taste for politics did
,cf abandon him in later years, and he has
h.cn an active partisan. especially since the
Ginning Of the campaign Of 1856, when he
,,a> a determined supporter OF Fremont.
10 long since abandoned the book trade and
'mrarcd in other business. He was ut one
,:gGc NJ the head Of the Internal Revenue
R.rpar. posiiion lie resigned to become
,rr,idrnt Of the telegraph company OF which
!, j. non the head and manager"
\ telegram received last night says that
NJ. orion has rcsoid fifty shares Of The Tn
,.a.c at an advanced price, Whitelaw Reid
nr,ac the purchaser. If this Is true, Mr..
mid, who l. n 'ourraliSt of rare talents, and
who has given the Tribune better standing
O.. 2 n,,rSparcr than i; ever had before, will
,,~o.shlv continue in the position Of editor
<ir.c.ics lie conducted the paper during
.rr ,smnaign, and organized its ncwS-ga-
Il ,rin.. bureau during the Frlnco-PruSSian
~.
! New York telegram TO the Cincinnati
commercial has the following ms TO the ne
.,,u,tinns Of Mr.. orion with Fice.Prcsdcnt
rrr2N:
Tho great ambition Of Mr.. Collax for the
..,f ten wears has been 10 run the Tribune,
...i he a; once made mp his mind to accept
n.rrropositiou Sinclair spoke of, if il was
,.,r made. He wanted - many shares OF
,,..a ut reasonable rates and terms, and. he
49,, wanted Il big salary. Ward had sue
,....~! in Getting the Administration inter-
,,.i. ana n pool was made mp 10 buy con-
s.t.ng interest in the Tribune. Mr.. Orton
was chosen rs the man TO do the buying. He
,ssrys close relations with President Grant,
whom he sold at low figures large mum.
.tt IT, shares Of Western Union stock.
IN tho mean time Mr.. urtCn went 10
u .>hoglon to appear before the House Ap-
: rr,.tun Committee on the telegraph
.,rnrmo. While there he learned from per-
f,'ly reliable, sources that notwitlstandin"
t,5GlN'> druial> he was really implicated in
~. ,rcsiil-N ohlicr scandal. II seems that
fax assured Mr. Grton and his associates
-.ut the Crtii-Mobilier stock had been
nn,rtd him. but he rejected any such pro-
;u>i.l1n. Mr.. Orion learned that CollaX had
I'miitod before the investigation committee
,.; hc had purchased some of the stock, but
discovering that further legislation might he
waited for Union Pacific railroad be com.
Piled Mr.. Am.> 10 take il back.
Tho testimony Of -tnc> fastened the
,.nr@r OF still holding Crtiit-Nobilier stock
ol ColaX. and tins being made known to
Nr. nrton, together with an intmation from
e." White House that George William Curtis
would &c ali acceptable man, settled the bust.
Wt->.
These facts were communicated TO New
N"gk. and CoitaN received :; telegram which
r.i n follows: Your application for time
..@rraptcd as dcclinaton Of our o,lcr.'
" This was 4 cruel blow 10 Mr. C0fay.
who had been among his friends chuckling
v,nr his good fortune, talking Of his eight
>asr'> Of The tribune stock: what the policy
o., -" paper was 10 he. In order to break
To fleet of this fall rs much as possible, he
4 >. once started OFT messengers to say to
newspaper men that he had finally concluded
'"' - accept; that he was going TO retire TO
| 9th Bend, simply to CRAFTY his wife,
4 ".1 was opposed to his going to New
] York. Unfortunately, lie bad publicly given
Il "t' that the business had been definitely ar
1 '..-rd only few hours before. aud he had
/ I'~HE written ard mailed letter Of accept.
4 aj.ar.