, 1881-04-10

WHAT THE FACTS ARE ABOUT THE SALE OF
THE SCl.lKSE1: SFUCK.
S<.r 1-vrs Tribune, Aprt5.
The retirement OF Charles Scribner from tho
publishing firm OF ScribneF TO. hns given
rise to several uufouudcd reports III regard to
the causes and tho furure plans OF Mr. Scribner
and Roswell Smith, who now holds MOST Of tho
stock In the company owtling and issuing ScrtI-
ne 's Monthly .Magusine:an st. N:c'!o.as 1t was
In November. 1871, that the l!rst number of the
former magazine appeared, the idtA having
originated with Or. Holland and Mr.. Smith while
in Europe u short time before. 1t absorbed
Hours at Hume and Plttna'as Monthly. OF
tho 500 shares Of. stock ut slO0 each,
the late Charles Scribncr held 2U,
and DR.. Holland and Sir. Smith lao
each. In the successive changes in tho firm
now known us Charles Scribner's Sons these 10
shares wcre retained up to the ith Ut April last,
when they werc sold to Roswell Smith. But
sume chnnSes had taken plnoe in the ownership
uf the 1Jy shures bolougluE to Or. Holland and
Roswell smith. The former three months uso
sold Il, the luttcr ITO sAures. and tl@sIs'sed Ut
forty u some OF the younger men connected
shares from Mr.. Smith. Iuis left hiu :4U,
which. with the ~ shares JUST purchased fruu.
Charles scrioncr, gives him the ownership OF
TWO IMPORTANT CONDITIONS
were attendant on this sale: that tho title
OF the l,uyuzile should be cnMnged, ulld the
other that Charles Scribncr should stnrt no 1uug
axIue for period OF five years from April 1,
lsSL
In regard to the change of name, Roswell
Smith said yesterday: The present title will
be retained until The close TT this volume Of the
magazine in October, a1lj the November NUM-
ber Ut the magnzlue will brAr tie new name.
What this will be Is not yet decided The young
er men ure auxlUGs 1hat tho hume shall he
R.,slutst SHiA'y Illustrated .u1Id=iNs, und hayc
lust received d letter advocating tho same
tllug Then the uane OF the publishing eD'u-
af3,uy woulu be Roswell Smith u Co.. instcnd Of
Suribner j. Co. not III fuvor of this, but
they and Dr. Holland are pleased to think that
whatever success the magazine has gained has
haitian 4MoAihly has also Geen suggested, u1d Is
good oxeep. that there arc two pages and
u hAlf OF Manhuttan3 in the. Directory. The
Continent and the american Nnguz inc have also
been suggested. ScriLners .Eonthty will he re-
TUNED as Il subhead for Que year from the
u.loption Of the new name, after which 1t will be
dropped, The title Of 81. Ntciudus viii rcnla.n
tie same, except tnat ScfibiRr's will disappear
from tho cUtcr.
..'rhe publishing firm Of Charles scribner's
Sous aud the STOCK company Issuing these mag
azincs have been entirely independent of each
other. The members Of tha: tlrm were stock
holders like the others. and stories appearing ~
ScribheF's were not tnfrequeutly published IN
buoK form by other houses.
NR. SMITH
stated the facts In regard to- the stock, as given
above. u1,d added: ''What I believe in is prssc-
tlcal cooperation, but cooper.t;on must uexin
with the capitalist Sixty shares nre held rs foi-
lows: Richard ". Glider. associate editor of
Scribner's Monthly. Ii; t. q. johnson. assistant
editor, S; Mary Mapes Dodge, editor OF II. Ase'-