New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-14
THE OWNERS OF "THE TINES"
DETAILS AS TO THE CHANGE OF CONTROL
SOME PREVIOUSLY FAvoRITE LINES WHICH THE
PAPER Is NOT NOW LIKELY TO FOLLOW. :

SOME PREVIOUSLY FAvoRiTE LINES WHICH THE
PAPER Is NOT NOW LIKELY TO FOLLOW.
aThe New.York Tines announced yesterday ste
transfer a management" and the fact thst
there would result no change OF editorsbip Of Of
policy" These facts printed In TIE Tines
three weeks later than they were printed IN The IN
bune II Is said In The Tines that Mr. Miller. who
has been It's edtorin-chicf for the last ten year,.
will continue to be editor. and that Mr. Spinney. who
has been It's managing editor during the last four
years. will become It's publisher and business man
ager. Is said that the capital stock Of the paper
as owned BY them and by their associates and
friends No enumeration OF these associates ana
friends Is made in THE Iimes,' but one appears be-
low. The mos interesting statement IN "The
Timessr sautatory h that Il will be Democratic
newspaper and the most remarkable statement 10
that for twenty five years II has advocated the prn-
c!pes and The policies that were enlphaticaly ap-
proved by the people in the Presidential election 0
1892" This would appear TO mean that The
! Times, has always been a Democratic newspaper.
which, indeed, many people have believed, despite
It's frequent denals. Those who like to SEE q news.
paprr sail hIder ts true rJr will be glad Ut the in
formation that The Times" confesses lis Democracy.
There Is widespread theory, however, tlat such we'll
| known Democrats Senator Hill, Senator Murphy
and Richard Croker still have " The Tmcss" stand
| ing rs a Dc;pOcrac paper under consideration.
good deal II difhcuy has been experienced in the
effort discover who the associates and friends
Of Mr.. Miller and Mr.. spinney In their enterprise.
This - due the fact that many OF these associates
and friends, up to this time, have positively and
peatedly denied their association Charles r. Flint,
for instance who the most active spirit In Great
ing the syndicate who carried around with him sub
scrptIon paper for many months, soliciting with such
assduity that his friends upon seeing him approach
wOuld the street in sioals to his impor-
uniues, has told at least two 1\bune reporters thas
he has had thing to do With the undertaking
ol.nlf md haaa
| no desire to 60 I'm the newspaper business. John A.
| Mccall, president Of the New York Life Insurance
| Company. to whom 1t is generally understood, Mr..
Miller and Mr. spinney largely indebted for their
position as stockholders, also denies Ids connection
with them, and with the scheme.
Despite all denias, however, there Is reason to
| believe that the money wherewth "The Tines has
been bought has come In chief part from the follow.
| ing persons: John A. Mccall. james T. Woodward,
| president Of the Hanover National Bank; 4. n.
shepard, the attorney Richard A. McCurdy, presi-
dent OF the Mutual Life Insurance Company Henry
b. Hyde, president OF the Equitable Life Assurance
Society, represented In the body Of the stockholders
by william Hartley; Jacob II. Schn, spencer Trask,
| Thomas G. Sherman. the wtlknOwn Free Trader:
| L. c. Benedict well known the manipulation Of
Chicago gns stock under conditions that sent 1t skip
| ping up and down, and known also as President
Cleveland's bOsom shd as the possessos OF yacht,
| end US the gentleman from whom the Democrats Of
for their next nomination for Governor; II. WAL
ter Webb, OF the Vanderbilt railroad system; II. b.
Hoins, the Rubber Trust broker and two Of his
sOcates In the trusts V. Cclt, Of Providence and
J. Branngan, the extensive rubber manufacturer OF
WOonsOcket, r. l.; r. A. c. Smith, the tobacco man.
ufacturer; exMayor Smith Ely and Governor Flower.
There also ten dozen other and smaller as
sociates and friends representing almost many
interests and lines OF trade necessary to men-
| ton In q tariff bill.
| The new "Times' Company has been some ak
months forming. Its former prOprtetors the heirs Of
the late George Jones and OF his friend Mr.. Mor2an
decided to sell the paper the last National cam.
| paign drawing to close. They bad seen 10
profits reduced from about $3.50 900 year to point
where some highly intelligent and discriminating
processes Of bookkeeping required to make them
show at all. They gave Mr. Miller and Mr.. splnney
option the paper for $05OO0O. selling no real
estate but merely the and goodwill OF the paper
and such fixtures were In its possession-the old
presses, etc. worth perhaps as much as $4,000.
1t Is said that Gilbert Jones faters himself that
he Is a good business The sale was erected
three weeks ago. and the time since then has been
consumed In gathering together Mr. Flint's subscTip.
tons and In perfecting the new organization The
holders, consisting Of Mr.. Flat. Mr. Woodward and
Mr.. shepard. The most conspicuous thing about the
character of the ownership Is the position &C.
cupled in Il by the three great hfe insurance com.
panps OF this CITY, 1t Is assumed that this IS largely
due to the fact that /" The Tines two years ago
made d mighty onslaught upon one OF these great
companies, the New-iork Life, exposing illegal ana ne
extravagant methods and compelling change In rs
management. The new management Of the New York
Life appears in the new management OF " The Times"
as backing its editor and publisher. the EQUITABLE
appears as . stakeholder and the Mutual. which has
recently gone into banking business under Tam
many auspices, appears also stakeholder.
Ii is thought that "The Times's' investigations
will hereafter be directed into the conduct OF other
compnnies than these; that II will advocate .
tax on sugar or the application Of the Anti
laws but that It will devote It's energies, as Its pros
pcctus says, "tO bring about better and purer gov.
eminent, TO awaken civic pride, and to promote all
good works.