Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1874-11-05
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BORN AGAIN.
Hon Joseph MedIll In Control of the Chic q go
Tribune. ft Ia Now to be a Republican
Paper.

CHICAGO, Oct, 30.-The announce
ment was made in The Evening
Journal tonight that Hon. Joseph
Medill, one of tho founders of The
Chicago Tribune, has purchased a
sufficient amount of stock in the COM
pany, added to what be already held,
to give him Il controlling interest,
and he would
ASSUME ENTIRE EDITORIAL CONTROL
OF the paper at an early day. An
interview with Mr.. Msdill sho VS. the
statement to be correct, and the cir
cumstanoes which brought about the
change to be briefly as follows: AS l.
generally known, political differences
of opinion between Mr.. MediIl and
other stock hol iers of The Tribune
induced the withdrawal of the former
from all editorial connection with
the paper some four years, since q
connection which has never been re-
newed except for short period I'M
mediately after the fire of 1871, and
which was ended by Mr.. Modil's
election to the mayoral Y. At the
close of his term of office Mr.. M. went
to Europe, aud while there, during
the latter part of the past summer
received information that he could
either sell his stock in The Tribune
or purchase controlling interest
one of which he was DESTROYS of do
ing He Immediately arranged to
come home, and since his arrival here,
some two weeds ago, negotiations
have been pending which to-day re-
rulted as above stated.
Mr.. Msdill purchases of Horace
White all his stock in The Tribune
except minor portion, which he
will retain at present as an invest
ment.
Mr.. White will 90 to Europe with the
hope Of recruiting his health, which
has been considerably impaired by
the professional labor of the past four
years. Alfred Cowlos, tor twenty
years business manager of The Ifl-
bune, retains considerable portion
Of the stock, and will continue to
manage the business department.
As to the political status of the pa
per hereafter, Mr.. Medil declared
that his intention is to put it back
into the position it so long, and al
ways while under his management,
occupied, that of an exponent of the
principles of the Republican party
and o 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.
H. expresses the firm b, lief that the
Republican party should continue to
mold the balance of power and control
the country, and that any error or
faults of the party may, and should,
be rectified inside of the party.
In reply to question as to bis
opinion on the third term question,
Mr.. Medill said the did not believe
hat President Grant had ever had
the slightest idea of again becoming
a candidate, and all the talk Of q third
term originated and had its only
foundation in the enterprise of news
papers DESTROYS of filing their col,
umns and creating a sensation.
THE ORIGINAL STOCK
of The Tribune Company is 200
shares at $1,000 per share. 1t Is
stated that Mr.. Mediil paid $500 600
for 60 shares, or at the rate OF So 200
per share, and that be now holds
three-ffths of the entire stock.
The change 10 the proprietorship
and management of The Tribune will
axe place Nov. 9.