The Lebanon express. (Lebanon, Linn County, Or.) 1887-1898, 1890-11-28
MONEY IN MAGAZINES.
now the Proprietor OF . masasins
Boosted it into Prosperity.

w. ID. Howelis Is now employed ex-
clnsively by Harper and he gets. per-
haps. as large salary as any literary
editor OF the United States to-day.
! was told some time ago. writes Frank
q. Carpenter. that he received as much
us $1,000 for short story. and his
royalties must bring him n large In
come. There Is more money to-day In
magazines aud magazine writing than
ever before. The Century Company
has already grown rich and It's En-
glish circulation alone Is worth large
fortune. Scrtbner's Magdzifac Is max
Ing big profits and the Cosmopolitan
Magazine has jumped from bankruptcy
Into prosperity.
This magazine was originally started
by Sehlicht and Field, a couple OF
bright young spectators. In Rochester,
N. Il. They ran an nfiice-file business
In connection with the magazine and
were making it pay when they moved
down TO New York. Here they
branched out In many directions. be-
gan 10 lose money, and threw good
money after bad until they were prac-
tically bankrupt. Is wns at this time
that Buck" Grant was taken into the
magazine aud IL had another squirt.
In the meantime the business affairs OF
schlicht and Field got worse and worse.
and the magazine was sold to j. Bris-
ben Walker, who now owns II and has
made IL good property. Mr.. Walker
Is one of the bright business literateurs
of the day. He is a man. | judge. of
perhaps forty-tive years OF age and 100
years of experience. He Is. think. a
graduate of either West Point or An
napoiis. and he went TO China with
Burlingame as a naval attache. After
the war he took a notion that n great
deal of money was 10 be made In real
estate. and he anticipated the great
real estate boom which has since struck
the country. He made his first specu-
lations at Charleston. w. Va. where he
settled and ran for Congress. and was.
/ am told. elected. but counted out.
He thought at this time that Charleston
was going TO be the capital of West
Virginia. and he invested all his money
ia property there. The movement 10
change the capital fell through for the
time and he lost everything.
Gathering up the debris OF his estate
he moved to Denver and there edited
for a time weekly newspaper. He
bought IL for song. got IL on the road
10 GlAhtu& HfbnEy 1Hu SBlI IL At =
profit He took the money which he
received from it and began TO buy land
on the outskirts of Denver. He bought
one little farm after another at from
five to ten and twenty dollars an acre.
until at last he had about !. ZOO acres.
He owned these lands when the real
estate boom struck Denver. and he
sold. am told. portion of his land
to syndicate for $500. 900 when the
boom came. He held on 10 about
seventy-five acres nearer the city, and
this Is. so Denver people say. worth
at least half million dollars to-day.
When he first bought the Cosnopol-
itan he spent about $50. 600 in the first
few weeks in advertising. and he has
been spending ever since. He put the
magazine on a firm financial basis.
bought his supplies for cash, and
charged cash for his advertising. lie
hired the best brains he could lind to
help him, and the result is that the
magazine now sells as well as the oldest
established periodicals. It has nov
about eighty thousand circulation. and
il had only sixteen thousand when Mr..
Walker took hold of il two years ago.
1t is now making money uotwithstand.
ing that IL has such men as Murat Hal
stead and Edward Everett Hale among
its editors