The morning call., 1893-12-31

''busirS-,s management" of certain NJ rs.
l.. "A. jackson otherwise" for corresDon-.
denee purposes. Frank n. Smith, with
whom was associated one A. L.: Jenkins,
who was to act as managing editor Z he
CRITICALLY the editorial department was
still to be in San Francisco. and such was
the announcement, but secret instructions
passed from someone who styled himself
the Board Of Directors" 10 the Eastern
office which worked contrary to the wishes
OF Professor Holder. Several manuscripts
intended by the latter for publication in
the October and:.NOvember numbers of
the magazine were thrown out. and no
consultation was had with the editor as to
arrangement and makeup of what was
used. The result was that the October
number appeared much out of order and
two weeks belated. Professor Holder, as
editor. had to bear: the. blame before the
public, and his good will toward his; part
ner, Mcdonald, was not a bit increased
thereby. Meanwhile that unfortunate
$4,000 note affair had come up. Mr..
Mcdonald was initiated at Professor
Holders conduct and the friction was in
cIeased all round. =: 49,.
In November the magazine plant had TO
come back from the East. the experiment
of publishing there having proved fiat
failure. The return was Illustration of
Mr.. McDOnald's wishes, SOFT is said, as it
was his desire eventually togo East him.
$4,000 cash was lest by this removal. The
change had cost the magazine considerable
local prestige and diminished its circula-
ton and advertising to considerable de-
gree. 1 he expenses. according to MEM
Der of .'the board" had always been
much beyond the bounds of: reason or ne
cesslty. Money had been sQuandered
everywhere. Wasted on dishonest agents,
thrown away on big salary lists, spent
recklessly on useless advertising. 1t Is
safe to estimate that in two years it has
spent $4,000 above its income. Four or
five different business managers have been
identified with il. among them the woman
who had charge of it in New ork. and
most OF Ihem hare profted. =:
The rebuilt was, of course, financial EN-
barrassment, to which Professor Holder
objected. AS editor he had to be sure, no
concern With the business Office, while as
one-thitd stakeholder he had. But Mr..
Mcdonald held his interest in escrow, and
he was Bowerless to interfere in the ex
travagance as he had been unable to pre-
vent the removal TO New York.
1t was only recently that Professor
Holder discovered the state of things IN
the BUSINESS office. On the return from
New York the financial resources were
found to be so limited that almost the en-.
tire salary list was Topped off and PROBES
sor Holder was left with boh business abt
editorial management Cd his hands. III
own salary had been lO@ered to less thu
half its original figure. and he had abdn
dant excuse for disagreement with his
partner
At this lime syndicate of Eastern cap
italistS approached Mcdonald with a
offer to purchase the magazine in order
consolidate It with the Overland MONTH";
Professor Holder favored the propostIo
as calculated to enhance the interests +
both publications. But Mr.. McDonai
hnld mt n folR 10, Cor III f.,t.
est and the. negotiations ceased. It's
seemed to intensity the bitterness alreaY
existing, ard as col sequence two wees
ago Professor Holder placed his resign
ton in Mr.: Nc Donald's hands.
Mr.. Livernash who now assumes tie
edltorshfp, is understood to have absd-
lutely carte blanche in all departments 4
the mag zine, both business and editoria.
lie is assured OF no Interference on alE
score. 4 |