New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-10-31
IMPORTANT NEWSPAPER CHANGE
THE CHICAGO TRIBUNE UNDER A NEW
MANAGEMENT.


TIE Controlling INTEREST PURCHASED Ply MR.
MFpuL-THE PAPER HEREAFTER TO BE REPUP-
IICAN BUT STILL INpEPENDENT-MR. MEDlIL A
PERSONAL FRIEND OF GRANTS, BUT OPPOSED
To THIRD TERM-A PRJFoUND SENSATION
CAUSED AMONG POLITICIANS
CHICAGO, Oct 30.-The Announce ment this
afternoon that te management OF The Chicago 1ribtnt
has passed into hands aud that the paper was to be
led back into the place in the Republican ranks whieh
IL Quilted to espouse the cause of Andrew johnson ana
Horace Greeley created profund sensation here TO
day. The almost precipitate return OF ex-
Mayor Medn, stone, from Europe, few
weeks before the time it he intended to re-
turn with family rise TO countless conectures
and IT was publicly surmised that some JOURNALISTIC
move was the board but tie real nature OF the
negotiation in progress was known 10 very rev. III
has been known for four years that Mayor Medl was
not IN sympathy with the political course Tor Ihe
Chicaoo Tribune, the breach dating back 10 the
,mneacbment trial In which Mr.. Medi sought the con
yictiop Of Andrew johnson and The Tribune opposed
it, Together with HE need for rest from the oVerwok
of his Mayoralty after the fire, one cause
for his trip to Europe was desire TOT
respite from the annoyance to him, from the
inharmonious policy OF paper that he could not
control although publicly associated with It's history
and conduct, He returned from Europe determined
either TO associate himself entirely from The TRIBUNE
or obtain control OF IT, He has achieved the attef by
the purchase of 60 for 100000 On this basis the
value OF THE TRIBUNE is 100000 During the ten
vears before the panic it paid profit OF $4,000 year
Mr. Medl's purchase was from Alfred Cowics ana
Horace White who have controlled the paper for nine
wears nv n majority OF one share The shares number
two hundred Mr.. Cowes still retains TO- ana White 10
shares The of Gov. Bross, who owns one
quarter is unchanged and his potlcai views arc uh'
derstood 70 be substantial sympathy with those OF
the the new management Mr. Alfred Cowles undouot'
ehr az OF D.,
remaihs financial manager. Mr.. White goes to Europe
for rest and study with general understanding that
at tho end time, he may take the desk OF WITT
ING editor on that paper II his views conform to Mr.
Medil's
Poliuoiaps are profoundly agtated by this aces
sion 10 the Republican strength. The course OF me
Tribune the coming political contests Will DC an I'M
porlant factor the result Your correspondent has
the authority of Mr. Medi for saying that the paper
WILL under his direction, be Republican paper Il
WAS" Mr. Medil said "one Of the Charter members OF
the Republican party. I helped 10 organize 1t 20
odd wears ago. With all its mistakes, 1t
sill contains the wOrthiest political elements
in the country 1t has sometimes asray, but II the
Democracy were TO attain supremacy apprehend tbe
causes OF complaint would be more numerous. "Ihe
Chicq0o tribune" he continued has always peen
know as an independent paper and IN becoming again
Republican paper it will continue to be an independent
paner-an aggressively independent paper. 1t Will
cr,t,cise Marty men, but will do within the party
Iines 1t will attack party measures. but 1t vii
he within the political church. Mr.. Medih means 10
have hand in the next Presidential election. He has
his preferences and will indicate them, but he declared
automatically: 81 am no Third Termer President Grant
regards the third term idle sensation and believe
there Is nothing It, The President KNOW never
dreamed OF al third term" Mr.. Medlli mas strone
nredection for Gen Grant, with whom he Is personally
Intimate and believes him to be altogether non
90, and n much abused man. The Chicago
T,.;,,n. is to be nobody's organ. MI Medill
declares it is to be the organ OF no section
Of the party and Of DO parsonage in it, 1t will always
exercise It's freedom of discussing with franmess all
the measures and men Of the party as they present
themselves to the management. The statements tna'
personal differences have had any innnehce IN inc
change ~ MANAGEMENT ia unfounded. The contracts
On, IN. sae OF the stock have all been contaminated
and Mr. Med takes chair OF editor in chief on MOL
Aaxy Nov