New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-25
Mr. BEyyETT AND THE HERALD. '

From The Ncw-Nork Herald. May ~.
Because the proprietor of The Herald" recently
page Reuters agency cablcd To Europe th' io." r
absurd report. which appeared In the principal
TIE nam" Of James Gordon Bennett no Longer
appear, at the h"ad Of III" editorial pagr ANU NV h
announcement, that The Herald properly !, 10 Dr
turned Into a lont STOCK company. Mr.. bennett re-,
tninng "A controlling Interest. Inc capitHi s'ock u
TIis rsport Is absolutely without foundation. and
shows Obvious malice the proprietor OF me
Herald has Instructed ucorsc Lewis esq., n a.
London to inform Reuters Agency. that I'm,
The Ridiculous report cmauatine from lhem-thal
III. Herald" would b. turned into Il stock company
with a capital Of 80. 900. OOOand print the substance
Of Til, editorial which appears simultaneously IN u me-
LEGAL proceedings for libel will be taken against them:
II case This action come" G "THr' we pr rniH 'i
Hbont two months ago Reuters Agency had o Tire
RIM 10 use "A slnng expression, Of The Herald Once
Their agent had Access In New York to az our
sssa N. a not S rso al pah pnIas f
Canada and elsewhere. BIT their news service to
ET T% %% withdrew ,ho privilege aid Sabe
The Icralds" news at Us own eNpen;r TO- the London
a S% sS"don pe % f
PERHAPS has been one OF Reuters reasons for pal'-
today Is =. hs 9Ssn #. Of ao its pTcs
making money could easily earn . per cent on
200 900 900 by taking or extra expenses for special
r1blnr-for now the United Press l. quite effective
enough under the able supervision OF Messrs. Lahan
and phllps-reducng The extraordinary salaries Of
$40 600 which some members Of /" The Herald staff
receive; cutting down also some OF the $1,000 and
81 900 salaries and curtalng many OF the $1,000
salaries, besides numerous other economies hat would
nj once be effected supp0sing 1.-The lterald' To De
simply corporation Ike ordinary railroad or
factory
The present proprietor II Is true. has In view
the formation of cooperative society. but one Tor
The sole benefit Of the members OF The li,raid'
staff Including the general manager. city editor news
editor night editor, all editors, correspondents re-
nortcrs artists cashier clerks. foremen press ana
rnmpo,iug rooms proofrcaders. competitors printers
exchange renders shipping clerks. telegraph eierhs
ndNrrls clerks, messengers porlerS ni'hiei nlN
"hinis,s-for they are all members OF The Herald
s,af are they not and not for any stockjobbing
or spcculative purposes, has been done so Often
I'm England and America. This COOPERATIVE soIcty
may lie formed at any moment by the proprietor
Whenever he thinks proper. $500 -
The founder Of The HERALD disposed ~ II 4 Few
v,ors before his death for ~ 70 its present pro
ninh,r and In order to avoid any post-mortem IN
reference by politically bia,sed courts under gu n
~ :, nrccedlpe for the legal construction OF WILL
~ In the Iilden will case not long ago
a.. proprlctor OF THE Herald" proposes to follow
IN. example of Its founder and direct the disposition
~ s. The Herald without outside intervention of any
hind lie bclieves that in perpetuatng the property
IN this way he can best build a lasting and living
monument to Its founder James Gordon Bennett
Th" removal OF the name OF the proprietor from the
.d,torai mage had no Significance other than that
it, further retention was deemed unnecessary. so
Gently proclaimed from the English Bench that the
. New York Herald and bennett are Synonymous.
Tho names of Messrs. Rowland, Reick and Hender
son that appear on the editorial page werc placed