The morning call., 1893-03-15
THE "POST" SOLD.
An Effort Being Made to
GaIvaniZe 1t.
The Little Sheet Will Be Conducted in
Future by Messrs. Cosgrave
and Hume.

The Evening Post has virtually changed
hands, and the new management Will take
active charge next Monday.
For some time there have been rumors of
q breaking up in the management, but the
fortunes of the Post have been so varied in
the past that little weight or interest at
tached to the report.
Yesterday, however, the negotiations
which have been pending some weeks were
practically concluded.
The new proprietors will be Hugh Hume
and j. OH. Cosgrave, prOprietors of the
Wave, weekly paper devoted particularly
to social gossip.
Yes" said Mr.. Hume yesterday, we
that is Mr. Cosgrave and myself-have de-
cided to take the Post. and the first num-
Der under our management will issue on
Monday next.
'Fhe sale has been in negotiation for
some time, but we have finally mads up our
minds to try the paper. We would have
preferred not announcing the matter quite
yet, but as 1t appears to have leaked out. 1
see no reason for making any mystery of it.
Zone reason why l should have preferred
to wait little is that we have not formu-
lated our plans for conducting our new
venture. We would have liked to have
outlined the general policy of the paper as
W
However, will say that we shall take
right hold We will be perfectly untram-
meled In the conduct of the Post, and will
have no interests, corporate or otherwise,
to dictate as TO the management.
'0h, yes, the Wave will continue to roll
under our auspices. This will make no diff
ference there, 50 far as present arrange
ments stand"
John II. Dickinson, the wel-known attor-
ney, was next seen.
asN all - said ba thipI- 1,ou
premature in your conclusions, but vir-
tually the matter is settled, as you intimate.
The Post is owned by the Lick Paper
Company, and some years ago the company
sold 1t TO George HeaZeltOn. The latter
recently came TO the directo rs. whom | rep
resent. and stated that he desired to embark
in another venture, and wished my people
to rspurchase the paper.
They did so, the sale having been con-
summated several weeks ago.
Since then we have been negotiating for
new proprietor, and have virtually closed
with Messrs. Hume & Cosgraye of the
Wave. The sale is not consummated, some
final papers remaining to be signed. but l
suppose the vendors consider the matter as
good as settled.
Are Messrs. Hume & Cossrave the actual
purchasers? Oh, yes. there can be- no doubt
about that, believe"
The rumors regarding the transfer had
been accompanied by others as TO tine
the identity of the interests behind the new
arrangement.
The railroad leanings of the Wave,
which was formerly the Del Monte Wave
and was run by Majlr Ben Truman, were
well known. and were responsible for a
good share of the rumors. Again, 1t was
known that Samuel NJ. Shortridge was one
OIL the attorneys participating in the nego-
ttatlons, and this gave rise to Fumors that
Spreckels Bros. were putting up" the
necessary capital
j. ID. Spreckels, when interrogated, said
that he had heard of the sale and that
changes were imminent, but knew nothing
definite. He suggested, however. that S.
NJ. Shortridge might knnw something more.
MIR. Shorridge admitted that he was Ii ego
tiatng the arrangements.
And so another attempt Is to be made to
reorganize the Post, and the name of
George beaZelton at the head of that sheet
is merely pro forma. Mr.. Heazelton only
recently returned from visit to the East
ern States, and proposes remaining here
some tlme. If not permanently.