The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-10-05

securing patronage from NUMBER OF
important journals, chiefly in the east,
and it was this fact that attracted the
attention and aroused the spirit OF the
OF the Associated Press, who
to-day.
Beside the members proper, enumer.
ated above, there were also present and
quite as deeply interested, the repre-.
OF the allied associations OF
the Associated Press, all Of which are
upon the same cooperative plan, and
an aggregate membership
into the hundreds.
1t was the unanimous opinion OF
those present that the time was ripe for
a great national Associated Press Or
such as has neyer existed IN
this country, and which should extend
from the Atlantic to the Pacific. en-
bracing in its membership all OF the
leading daily newspapers, while pre-
serving tho autonomy OF the various
sectional associations for local purposes.
PLAN OF ORGANIZATION,
The plan OF organization provides for
an absolutely equal stockholding right
for each member. This insures the
most perfect equality among the mem
bers. The administration is placed in
the hands OF board of directors, rep
resenting every section OF the country
and every considerable interest, and
elected annually. The executive Of
ficer, the general manager, is also
elected annually. This policy throws
about the news service the best possi-
BILE safeguards, and necessitates the
most thorough accountability, by the
management for its every act.
In response to urgent applications
from leading newspapers in the east, it
was found necessary to increase the
capital stock.
Mr.. William Penn Nixon, president
OF the Associated Press occupied the
chair. -
Mr.. Victor T. Lawson, chairman Of
the executive committee, offered the
following resolution, which was unani-
mously adopted:
THE RESOLUTIONS ADOPTED.
RESOLVED, That the board OF directors
be instructed to take the necessary
steps to increase the capital stock OF
the Associated Press to $l00.000 to the
end Of nationalizing the proprietorship
Of the association by tho admission OF
leading newspapers in all sections OF
the country to stockholding in the as
sociation in individual amounts, not
exceeding the holdings of the present
stockholders, provided this shall not
impair the existing rights OF members.
Mr.. A. ]. Aiken, OF Milwaukee, offered
the following resolution, which was
by a rising vote, unanimously,
and substantially signed by those
present as expressive Of their sentiment:
Rc,Olved, That the members OF the
Associated Press are unanimous in
their determination to sustain the Off
GERS and directors in their purpose to
build up national, mutual, news.
gathering association for the benefit OF
its members and the public it serves,
and to this end we pledge our contlnu-
Gus, loyal support.
FREE FROM DEBT,
The general manager presented a
financial statement, showing the Asso-
ciation to be free from Indebtedness,
and having surplus OF over SS3, 900.
Owing 10 the establishment Of ex-
elusive relations with the great
European news gathering agencies, OF
Reuter-, Havas and Wolf, and the added
expense involved in the extension OF
the service. 1t was suggested that
guaranty fund of an adequate amount
be provided againstan emergency that
mi ght arise.
The idea was taken up promptly, and
volunteer subscriptions to such fund
were offered. The following legal and
binding document was prepared by Mr..
John P. Wilson, general counsel for
the organization, and was signed as in.
although n number .ot
the gentlemen present ielt
they were not authorized to
alIix their signatures, without action by
their corporate authorities, and there
fore, q number Of subscriptions are yet
to be made, and will be reported by
telegraph, us soon as authorized. Still
the immediate guaranty reaches the
large total $4,000. Following is the
'O'" 49, r,xn,So nornwryr
In consideration Of one dollar, to each OF Us in
hand paid, mud OF the Associated Press continu.
ing rs existing news service with such modiilca-
lie, nc its hoard of directors may deem Advisa-
bic. we the undersigned hereby agree to pay 10
mid Associated Press from time TO time, as call
cd for by iIs board OF directors, our several pro
rata shares OF the cost OF such service over and
vSSTs tho total liability Of any subscriber not TO
exceed the amount set opposite his name, and
the pro rata share oil each suDsCrber 70 DC uScet-
tanned by the proportion which his subscription
~; ions hereto ire amounts so ADVANCED to be
repald, without interest when nnd as soon ls
50 III AssnriHted Press shlll have suTplus funds