The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-10-05

a an association. has succeeded in secur-
ing patronage from number OF important
journals. chiesy In the East. and i vas
this fact that attracted the attention and
aroused the spirit OF the members OF the
Associated Press who assembled today.
Beside the members proper enumerated
above there we're also present and quite rs
deeply interested the representatives Of
the allied associations OF the Associated
Press, all Of which are upon the same CO.
operative plan and represent an aggregate
membership running into hundreds
Is was the unanimous opinion OF those
assembled that the time vas ripe for q
great national Associated Press organiza-
ton, such as has never existed IN this
country. and which should extend from
the Atlantic TO the Pacific, embracing
in its membership all Of the leading daily
newspapers. while preserving the sutton
omy Of the various sectional associations
for local purposes. The plan OF orgsniza-
ton provides for an absolutely equal
stockholdiag right for each member. This
insures the most perfect equality among
the members The administration is
placed in the hands of board of directors
representing every section Of the country
and every considerable interest, and
elected annually. The executive officer,
the general manager, is also elected annu-
ally. This policy throws about the news
service the best possible safeguards and
necessitates the most thorough accounta-
bility by the management tor Its every act.
In response TO urgent applications from
leading newspapers in the East. il was
found necessary to increase the capital
stock. William Penn Nixon. president of
the Associated Press, occupied the chair.
Victor r. Lawson, chairman of the execu-
tive committee, offered the following reso-
luton, which was unanimously adopted:
.Resofred, That the board of directors
be instructed 10 take the necessary steps
TO increase the capital stock of the Asso-
ciated Press to 81, 600 Goo, TO the end of
Matchmaking the proprietorship of the
association by the admission of leading
20 stockholding IN the association, the in
dividual amounts not exceeding the
holdings of the present stockholders.
Provided that this shall not i'm.
pair the existing rights of members"
A. j. Aiken, of Milwaukee. offered the
following resolution, which was adopted
by rising vote unanimously and subse-
qnently signed by those present as express
sive of their sentiment:
'.Kesoired. That the members of the As
sociated Press are unanimous in their de-
termination TO sustain the officers and
directors in their purpose to build up a
national mutual news-gafhering associa-
ton for the benefit of It's members and the
public it serves and to this end we pledge
our continuous loyal support"
The general manager presented a finan-
,iai statement showing the association TO
be free from Indebtedness and having
surplus of over S33, 900. Owing to the es-
tablishing of exclusive relations with the
great European news-gathering agencies of
Renter. Hayas and Wolf. and the added
expense involved in the extension of the
service, il was suggested that q guaranty
fund of an adequate amount be provided
against any emergency that might arise.
The idea was taken up promptly and vol
unteer subscriptions TO such fund were
offered. The following legal aud binding
document was prepared by Mr.. John p.
Wilson, general counsel for the organiza-
ton, and was signed as indicated, al
though number of the gentlemen present
felt they were not authorized to affix
their signatures without action by their
corporate authorities. and therefore
number of subscriptions are yet to be