The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-08-17
TO ADVOCATE CLEVELAND.

Organization Of . Syndicate to Establlsh
Seven Big Papers.
CHICAGO, Aug. 16.-The unexpected retuYn
of Melville E. Stone from Europe, the other
day, is directly responsible for . we'll
founded rumor that he has placed himself
at the head of syndicate which has in
view the publication of morning news
paper in seven Of the largest cities Of the
United States. Mr.. Stone was the founder
of successful penny paper in Chicago, and
until he retired, about year ago, was its
active editor. Since his retirement his
name has been coupled with q half-dozen
newspaper schemes. The only story that
seems to have any foundation in fact ia the
one relating to the enterprise above
mentioned.
Mr.. Stone is an ardent admirer of the
Hon. Grover Cleveland. While he was at
the head of Chicago newspaper he was
one of Mr.. Cleveland's stanchest support
ers. The story is that he has organized a
syndicate for the above purpose, and that
the promoters of the enterprise have agreed
to subscribe $2,O0O,OO0 toward making it a
success. A well-known and wealthy New
Yorker has been named in connection with
the scheme. It is understood that Mr.. Stone
has agreed to take considerable amount
of stock, using his own private fortune tc
pay for it. The headquarters will be in
New York, and he will have associates in
each of the cities where the Cleveland pa
pers are published. vino will act directly
under his orders. The first of the newspa-
pers will probably be published in New
York, the next in Chicago. and then in Bos.
ton,. Philadelphia and Washington St.
Louis and Cincinnati in their turn. It il
intended that each one of these cities shall
voted entirely to advancing the political
aims of Grover Cleveland.
Very little is known rs vet relative to the
plans of the syndicate. They have not fully
decided yet whether they will hurry up and
revivify the newspapers that are on the
wane, OF whether they will organize and
start entirely new papers. In Chicago thu
latter course will undoubtedly be followed
Steps would have been taken long age
toward getting the matter before the
public had not Mr.. Stone been anxious to
secure certain franchises that are necessary
to the success of every modefy newspapsr
Knowing that he would meet with bitter
opposition if he tried to secure the fran
chises openly, he carried on his work in Sc
cret, and it is claimed that he has met with
considerable success. It is the syndicate's
intention, however, if it is unsuccessful in
forming coalition with any of the press
bureaus, to organize one of its own. II viii
cover every part of the country from a news
standpoint. A Chicagoan who is very thor.
oughly acquainted with the facts had this
to say of the enterprise:
Its the biggest newspaper deal that hat
ever been conceived in this country, and
know that there is money behind it to &C.
cure its complete success. 1t is not chin
erical scheme. The men who are back of il
have 00nntn6 the COat 'Nhav kYnw a
actly what they are doing. They bellev,
honestly that they will eventually win {
golden reward and that the newspapers will
be paying Investments. They are going K
make Cleveland's boom so strong that NO
other candidate can stand up under it"