The Grange advance., 1874-11-04
the CHICA6O TRIBUNE.

Iht CHlCA6u Tribune.
Mcdill to Ekosume Control and Trans
form it.
The announcement was made in the
Chicago evening Journal of Oct. so,
that Hon. Joseph Medill, one Of the
Chicago Tribune Company, had pur-
chased sufficient amount Of
stock in the company, added
to what he already had, to give
him controlling interest, and that he
would assume editorial control of the
paper at an early day. An interview
with Mr.. Medill shows the statement to
be correct, and the circumstances which
brought about the change to be substan.
TALLY as follows: AS is generally knowa
political differences Of opinion between
Mr.. Medill and other stockholders of
the Tribune induced the Withdrawal
of the former from all editorial con.
nection with the paper some four
years since, connection which
has never been renewed. except for a
short period Immediately after the fire
of 1871, and which was ended by Mr..
Medill's election to the mayoralty. At
the close of his term Of office Mr.. Me-
dill went to Europe, and while there,
during the latter part of the past sum.
mer. received information that he could
either sell his stock in the Tribune or
purchase a controlling interest. one of
which he was desirous of doing. He
Immediately arranged to come home,
and since his arrival here, some two
weeks ago, negotiations have been pend.
ing which to-day resulted as above
stated. Mr.. Medill purchases Of Hor.
ace White all his stock in the Tribune
except minor portion, which he will
retain at present as an investment. Mr..
White will go to Europe with the hope
Of recruiting his health, which has been
considerably impaired by the profess
sional labors of the past fou: years.
Alfred Cowles, for twenty years busi.
ness manager Of the Tribune, retains a
considerable portion of the stock. and
will continue to manage the business
department.
ITS POLITICAL FUTURE.
| As to the political status of the paper
hereafter, MIR. Medill declares his inten.
! ton is to put it back into the position
| it always, while under his management,
occupied: that Of an exponent of the
principles of the Republican party, and
| defender of all it's measures, based
upon those principles, while at the same
time reserving the right to freely crit
icise, and refusing to become the organ
Of any clique or of any man, no mat.
ter how high his position. He ex.
presses firm belief that the Republi.
= can party should continue to hold the
balance of power and control the coun'
try, and that any defects or faults ot
the party may and should be rectified
inside the party.
!. THE THIRD TERN QUESTION.
In reply to question as to his opin'
ion on the third term question, Mr.
Medill said that he did not believe tina,
President Grant had the slightest ides
Of again becoming candidate, and al
the talk of of a third term originates
and has its only foundation, in the en-
, terprise Of newspapers desiriOus of fill
ing their columns and creating sensa
ton.
The original stock Of the 7ribun.
company is 200 shares at $1,000 pc,
share. 1t is stated Mr.. Medill paiG
100000 for sixty shares, or at the rat,
!. Of $1,000 per share, and that he nov
holds three.fifths Of the entire stock.
The change in the proprietorship ant
management of the Tribune will tax,
, place Nov. 9th. *.3~.:'. .-.