The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-12-25
PRICE TWO CENTS.
Mr.. BEECHER'S NEWSPAPER
4 TRANSFUSION or $4,000 INTO IT'S
DEBILITiTED BODY.
And n Return Of $500 to the CreduIous via.
n.- trnu, W. ON, ihnt o. ...l.- NJ No.


ow trcm w."m ,hn, "---.,.v ~ s--S-
ed Financial susieuanee was Drawn.
About month ago Mrs. Henry warA
Beocher visited a daughter OF Mr.. william
Cripps, President of the Standard Fire Insurance.
Company and rsked hor II she had any monsy
which she desired to invest prontably. Tue
lady widow, said that she had $500 In savings
bank. Thereupon Mrs. Beecher said that nsw
company had been formed to publish the Chris-
tidn Unfon, that the old stock had been obiit-
Grated, and that the new stock was for sale.
Tne investment, she urged would pay large
dividends, and would also he great help to Mr..
Beecher. Mr.. Cripps's daughter drew the m oney
from the bank and gave 1t to Mrs. Beecber. A
few days afterward Mr.. Cripps who Ia an OLD
friend OF Mr.. Beccher, and a listener to his
preaching learned Of what his daughter haa
done. He mentioned tho subject casually to .
friend, and told that the Christian linton
nearly wreck a. n business enterprise. He
learned. by further inquiry. that the original
stock mad been "watered" " instead of oblitor-
ated. At the start OF the publication, stock
Issued to the amount Of $4,000. of which $5O-
90 was givel to Mr.. Bcecher without other
recOmpcnlc than the value " his nominal edi-
tofship. $1,000 to j II. Ford Co., the publishers.
and the rest was sold for cash at par. Tns
newspaper secured a circulation of 10000 copies
week. aud was very profitable. Even In 1874,
blter the business had besun 10 20 down
with the falling rcJutation ~ Mr.. Bcecher, the
clear pr1nt was SiJ01J. thereafter, however, the
collapse soon came, aud more money was needed
tO keep tho concern goug. In the mean time an
issue ~ additional stock TO the amount OF Sl5O,-
600 had been decided upon, aud si0OJ) II II sold
Inc iurtn,r s. IL WAS pushed to meet current
expenses About that time j. B Ford N Co.
were driven into bankruptcy 10y Mr.. Beechers
fature 10 com plete the " Life of Christ" and
new arrangements for publication were to be
made. NJ. Beccner Insisted, although opposed
toy some Of the stockholders, thnt Henry N.
Cleveland should be hired as publisher at a SAL
airy Of $4,000 a year; and lloratio &. King was
engaged as assistant publisher at $1,000. Mr..
lieecher gets Sl5,0O. This annual expenditure
OF $1,000, much Of II useless, as the dissatisfied
stockholders say, Il a burden which, added 70
Mr.; Beecher as editor, will make success impos-
sible.
Mr.. Crlpps was angry when he had learned the
facts. lie first went to MIR. Cleveland and de-
mnnded the return OF his daughters money.
Mr. Cleveland sent him to Mr.. Beecher, whs
said, TAX with my son Harry-nc is my busi-
ness man. The son sent him back to Mr.
Cleveland. Mr.. Crpps was not cooled by this
experience; and he threatened TO sue for the
SJOJ. \ check was sent to him for the amount
within uf few DAYS
Two BROOKLYN women are known to have In
vest m lney In tbs Christian Ini0n through
Mrs. Bee hers solicitations. and II Is probabls
that others have done likewise. Altogether
$500 . mas he paid for the wAterod stock since
the collapse OF the enterprise.