The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-11-03
THE CHICAGO TRIBUNE.

1T RETURNS TO THE REPUBLICAN F0LD-
MEDrLL BUYS A CONTROLLING INTEREST
WHITE GOES TO EURoPE-REPoRTED PRICE
PAID FOR MRDILL's SHARES.
CHICAGO, Oct. 30.-The announcement was
made in the Evening Journal tonight that
the Hon. Joseph MediIl, one of the founders
of the Chicago Tribune, had purchased a
sufficient amount of stock in the company,
added to what he already held, to
give him controlling interest, and
that he would assume the entire 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 briefly as
follows: As is generally known political
differences of opinion between Mr.. Medill
and the other stockholders of the Tribune
caused the withdrawal of the former from
all editorial connection with the paper some
four years since, connection which
tor short period Immediately
after the fire of 1871, and which was ended
by Mr.. Medill's election to the nlayoraity.
At the close of his term of office 0fr. M. went
to Europe, and while there, during the lat
ter part OF last summer received informa-
ton that he could either sell his stock in the
Tribune or purchase 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,
a negotiation has been pending which to-
day resulted as above stated. Mr. Medill
purchases of
HORACE 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 Sc
we're professional labors ofthe past four years.
Alfred Cowles, for twenty years the busi-
ness manager of the Tribune, retains con-
siderable portion of the stock, and
will continue to manage the business
department. AS to the political status of
the paper hereafter, Mr.. Medill declares
that his intention is to put it back into the
position it so long, and always while under
his management, occupied, that OK an eX-
ponent of the principles of the republican
party, and a defender of all its measures
based upon those principles, while at the
same time reserving the right to freely
criticise, and refusing to become the organ
of any clique or of any man, no matter how
high his position. He expresses the firm
belief that the republican party should con-
tinue to hold the balance of power and con-
troll the country, and that any errors or
faults of the party may and should be recti-
fed inside the party. In reply TO ques-
ton as to his opinion on the third term
question, MIR. Medill said ne did not believe
that President Grant had ever had
the slightest idea of again becoming
candidate and all the talk of
third term originated, and has its only
foundation in the enterprise of newspapers
desirous of filling their columns and Gre
ating a sensation. The original stock ofthe
Tribune Company is two hundred shares at
81 900 per share. 1t Is stated that Mr.. Medill
paid $500, 900 for sixty shares, or at a rate of
IS, 900 per share, and that he now holds
three-ffths OF the entire stock. The change
in the proprietorship and management of
the Tribune will take place November 9.