New-York tribune., 1888-03-21
SALE OF THE eMAIL AND EXPRESS"

ELLIOTT r. SHEPARD BUYS IT FROM CYRUS W. 'i"A"
NO CHANGE IN POLICY.
The Mall and Expresss yesterday afternoon snr
prsed the newspaper world by printing 'no iono~"s
In its editorial columns
Tho following correspondence explains Itself and needs
20 comment:
u washington Building No broadway.
New-York March 90 1885.
Dear MI. Shepard:
In turning over to you " The Mail and Express"
heartily you continuance and an increase Of tho
prosperity enioyA trust the increase In csrcu-
Istlon which Is SO marked. will continue.
As . medium OF advertising 1t has. In my opinion no
equal the evening papers As an agent for express
ing tho public aspirations and necessities 1t ia constantly
growing In favor and power.
1t Is with pleasure that resign the trust OF Its pro
prstorshp held by many years into hands SO
strong guided by heart sincere, yours remain.
my dear Mr. shepard. very truly your friend.
To Elliott F. shepard ESQ. CYRUS w. FIELD
a H.
% Park Row. New York. March 90 1888
MY Dear Mr. Field:
Thanks for your friendly letter Of to-day 1t is with
the greatest didence yet with just appreciation o
Its Possibilities that have taken on The As ana tx
press"
BE assured that never with my consent knowledge.
hail II lower its standard 1t right politics II
nee from personal scrimopy. It's advance In all the DO
sirsbe qualities Of newspaper largely owing TO your
hberalty and enterprise Its editorial and business man.
recognized throughout the country rs dscreeN
able. fearless and successful
Trusting that you may live long and always read The
Mall and Express" have the honor to be- most truly
your obedient servant ELLIOTT y. SHEPARD.
To Cyrus w. Field ESQ.
Mr. Shepard and MIR. Field spent yesterday morning
the business occ Of the arranging the details
Of tho transfer At o'clock Mr. Field took the train
for Lakewood, N. j., where his family Is staying
Mr.. Shepard was asked by Tribune reporter what
changes II any, he expected to make In the policy OF
tho paper, or It's working stan
"No change whatever" he replied "Whon you
have got thing that is perfect think you ought te
keep 1t so expect mako 1t in the afternoon press
what Tho Tribune is IN tho morning.
at Is reported that tho paper has boon Dongm py
syndicate OF gentlemen, of whom you are the repro
sentative with the intention Of furtherng Nj Depew
political prospects," said the reporter.
@Not . living soul has had anything to do Will
the pure OF the paper except myself" replied Mr.
Shepard, mphatically. Mr. Depew has had nothing
to do with It, neither Is 1t going to advance his inter
ests, politically otherwise. The paper VIII p'
stanchy Republican and will be friendly to all th'
supposed candidates, Sherman, Blaine, Windom' Ln
coin, Allison and all others The RepubDcan party IL
fortunate in having great many men, any one OF whon
would make a good President However. u may y
well say that bought the paper with The purpose
MAY ask what sum was paid for the paperf'
"That part of the bargain said Mr. shepard, " W.
whole lot of money though, all in ono check, TOO, ~
q Had the negotiations between yonrseH anu an
Field been in progress long ~ ,, a..
0Not long The negotiations that preceded th'
actual sale did not last over twenty four hours Mr
Held sought me; didn't seek him We taiheu III,
matter over and agreed II was cash trans @
Mr Shepard added that the racing news 4l in' ,a
Mall and Express" would not 9e sa naner in
herted' said he. "my fathers love OF hne n1rSr
and coed legitimate racing VIII receive inc no ao"'iT T
a. aITavs has had I'm tho columns OF the paper III
fscf there viii be no change in the paper whatever
IN policy makeup or personnel" 49,, p.,d
II is Understood that the price ssked by Mr. fieio
for The Mail and Express was $5oooo0. o.' M II d,s =
believed that Mr. Shepard got It at something OF u
count or about 1925 600 II is the only Afternoon
narer with an Associated Press franchise