New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-29
THE SALE OF " THE TIMES"
CHANGES TO BE MADE ON THE PAPER.

ECONOMIES TO BE PRACTIsED-ADDiTloNAL
MEMBERS OF THE SYNDICATE.
Notwithstanding the denial Of persons connected
with the purchas Of The New-loik Times II Is
not 10 be doubted that the conditions Of the trarSnc
ton were agreed upon Monday afternoon between MI
JONES' Mr. Morgan Mr. Zabrishi and their counsel Mr.
Einstein on the hand, and the Flint Miller syho'
cate representing about thirty stockholders on 'he
other. Mr. Flint says he has nothing whatever 10 40
with the matter and has had which VIII surprise
MANY people whom he has solicited TO adventure WIN
him in his new journalistic enterprise. Mr.. Fhnts
motive for DENYING facts notorious may De
Indicated by the remark he attributes 10 inc ia.e
Commodore Vanderbilt, that to own u newspaper is 10
incur the enmtty Of other newspapers, remark winch
newspaper do not understand
The property transferred consists Of goodwill 1850
shares OF the stock OF the United Press Assocatioh
said to be in controversy. II not In litigation refer
ence library type and presses OF oldfashioned khd
II is understand that the new company VIII proVi"e
for itself and improved presses In the ahncipa
ton that although the same editors Will be cohlhu
in charge Of the paper and the same policies VIII con-
troll its utcrances more people Will desire 10 re"o
hereafter than have been reading 1t In the recent
,,st II is' said that Mr. Miller, the present editor
will under the new management, combine In him.
self the functions of editor and managing edl'or'
directing both expression OF the views OF the papr
and It's newsgetting operations. Mr. Spih"ey "'w
managing editor, Is reported. will take charge Oh
the business department and By these changes SALARIES
will he saved TO the extent Of something over 100000
The salary OF Gilbert F. Jones' amounting to *.oooo'
and OF Mr.. Dyer amounting TO Sl2ooo VIII mere
inter accrue 10 the benefit of the Stockholders lhls
saving however, will be offset by the Item OF rent
which has not heretofore been charged against the
paper
II Is said that The Timess' advertising business
for February 1898. as>comparcd with February. lo'
fell off 81 900 agate Zines, equivalent to ABOUT '"o
columns day, but this is attributed entirely 10 'he
circulation of the for so long time 'h' inc
paper has been for SALE and the new management
anticipates that II will promptly recover It's lou
ground "The Times's' greatest prosperity WIS
reached in the period from 1870 to 1884 when IL was
n straight Republican newspaper. After It's bolt III
Tho Elaine campaign II lost much patronage but us
owners have represented to contemplating purchasers
that In no year has 1t actually failed to earn aiV
dend. A., ,a,o,to ron.d
In addition to the members OF the synoicnte h"T
in The Tribune yesterday J. Edward SUMMONS anu
G. G. Baldwin have subscribed part OF the purchase
money II is understood. Mr.. Baidwin "9Mlu my
no,hing about the subject Yesterday; Mr. Ens.ein,
counsel for The Times and f.. NJ. shepard attorney
for the syndicate said that their position vas Sn
that they were not at liberty to talk aoout tho
negotiations Henry h. Hyde, president OF 'he
EGuitable Life Assurance Society, and Nchara A.
Mc(urdv president Of the Mutual Life insurance No
many who are mentioned members OF the syhdicac'
were both out Of the city yesterday