Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-05-15
"THE WORLD"
"Gath's'' Interview With Joseph
Pulitzer on His New Jour.
Dalistic Acquisition.
Special to Chicago Evening Telegram.

Specllng the transfer OF the World
newspaper property to Joseph Pull
itZer, thus telegraphs the Enquirer:
have seen Joseph Pulitzer. He
said: II suppose you want to know
about the purchase of the World news
paper. Well, como along and sit
down somewhere, and you shall have
the news. have bought it."
Are you alone in the enterprise?'
"0f course, [ needed ready money,
aud got it in st. Louis among my
friends and business connections there.
| own the whole stock of the World,
however. The business dealings
were held with factor or representa-
tive of Mr.. Gould in this city, not a
person | care to name"
Did Mr.. Gould own the whole
paper2"
HE did,"
lis Mr.. Hurlbert going to retain
connection with III"
Not to my knowledge"
why did you not secure it be-
fore?"
Chiefly because Mr.. Gould insisted
on selling me the building also, esti,
mating the building at about $3.50, 900
| was not in real estate speculation
and did not it, so | have leased it at a
low, or rather fair, interest on the
value Of the Improvement for ten
years"
What does the paper possess that
is material?'
1T has two of the best presses that
Hoe can make, worth $4,000. IL has
an advertising patronage worth $780,.
600 year. A newspaper well estab-
lished makes as much money in year
as its whole plant is worth. My paper
in st, Louis clears the value of its
machinery, fixtures, etc., every year. "
What do you estimate the Associ
ated Press franchise 10 be worth?p
For paper Of that class and in this
city, it is worth a great deal of money,
| believe. considered it to be SO in
marking the purchase. | regard the
growth OF the city as sure to be enor-
nous. In the home of the Associated
Press place in it is Of consideration,
if anywhere"
Shall you publish The Morning
Journal now from The World Officer"
mot at all. have nothing to do
with The Morning Journal, except
that | lent my brother some m oney, or
put some money in his paper. The
World will be the only newspaper is
sued from its Office, or in any way con
nected with il"
Are you going to make personal
changes there2"
"As yet | know very little OF the
inside Of that Office. lam going, how
ever, to make it an American newspa-
per, and not European one. | shall
notice European events only as Amer
lean references. The aristocracy of
Europe shall not find The World
court journal for them. Indeed, | am
rejecting about calling the paper The
New World, to emphasize its western
tone and change. Yet such a COM
pound world may be an embarrassment
to quote from it. wish the paper to
be understood Immediately as not
controlled by any corporation capital,
or social aristoeracy. To see two New
York editors cspering at the late VaL>
derbilt ball satisfied me thatt Dem
ocratic press here had got somewhat
fat and overfed. | shall take the pop.
ular standpoint, and publish Demo.
cratic paper, yet an independent one.
Democratic monopolists and great
millionaires shall not be my gods"
DO you regard the paper as . good
investment"
II do. | consider it a cheaper
property than the st. Louis Dispatch,
for which / gave $4,000, and it had
broken everybody who had previously
published it. That paper had not
even carrier, not a friend, not sub.
scriber. For,two years worked at that
old carcass like a slave, McCullagh, Of
the Globe Democrat, asked me what |
paid $2500 for a bad smell for. | need
not have bought this paper,
The World. | had enough
to 60 to Europe and live
comfortably for the rest of my life.
My tickets were engaged for al my
family to sail next week and spend the
summer there. In preference to this
excursion enter upon this hard task
with real coincidence and Joy"
"Did Mrs. Pulitzer object to losing
her excursion ?"
'Oa the contrary she determined
me to EBAY and buckle to this work"
us Mr.. Co6kerh oSming heTep
u have not made up my.mind."
Have you not tried to buy other
newspaper properties here previous
iiyy%
Yes; he'd the check made out
once to buy @The Daily News for S95.-
600. Ialso had a scheme 70 publish
a German edition Of the New York
Sun. At another time the New York
Star was about to be sold 10 me.
Everything in this city that ] put nv
hand to seemed to fall through. So |
went back to st. Louis and took up
the third newspaper property | have
acquired there, and made moderate
fortune ubSnit. Nov it happens that
almost unexpectedly | am possessed Of
a newspaper in New York"
I suppose you will keepa coffespoR.
dent at al the aFistocratic centQ OF
Europef" ian s3
About the first thingI shall get
rid Of will be the Jennings letters
from England, and Writings letters
from France; l shall ppbish q paper