New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-03
\ SKETCH or HIS CAREER.

Mr stone was liberal giver to charitable institu-
tions. and Or. Hehrends church loses one Oh us
best friends
\ SKETCH or HIS CAREER.
David Marvin stone was born at oxford. Conn.
on December o. iN7. His father was DR. Noah
Stone. and David was the youngest OF i've chlidreh
lie received "A common-school cducation particular
attention being given to mathematics, in which
his father took deep interest. one month before
ne Was fourteen years old he left home impressed
with the conviction that he ought to begin the bat
tie Of Hfo on his own account and In the outcome
OK which he had little doubt For eleven years he
knocked about first az one line of work ana
then at another. When De Was seventeen years old
he taught school. but most 81 his time VAS given
TO mechanical pursuits in sc he became a mer-
chant In philadelphia. who're he remained until
the spring OF 1919. when he called to New-York
10 take charge u The Dry Goods Reporter
disagreement WIKI The editor. Mr. burroughs. re-
suited IN Mr. stone sevcring his connection with
that paper IN December of the same year he be-
came conm.- cal editor OF The Journal OF Com
mcrce" and IN september 1911. In conjunction with
William e Prime he purchased the paper. sue
cc"llus ln 100 MIR Prime cditor-in CHIEF. In lA2
be- became president Of the New-lork Associated
Prcss ana held that Office FOR more than quarter
81 a century. fact which speaks volumes FOR his
moral ana financial character. In his younger
DAYS hc wrote good deal FOR the magazines. but
he droqYeI that Kind of work on account Of pressing
,iltorill dLiic.. lie wrote and published little
work called Frank Forcst." which through
twenty editions. and q memorial volume OF the
letter. OF h.s NIECE. Mary Elizabeth Hubb"L
Il Was h. continuous connection OF forty-iour years
with The Journal OF Commerce" however that
gave SIR. stone National fame. and II furnishes
record seldom uarail"lo1 for energy and accom-
rushm,n, aions legitimate lines.
Ills PAPER SUPPRESSED
Perhaps ihc mos, interesting Incident in Mr.
Stones career was thr suppression Of his paper by
the uiied states Government in 1854 FOR publish
Ing the bogus Draft Proclumatlon purportng to
com" from President Lincoln. Il MAS the produc
ton % Joseph Howard. jr. The journal %, COM
mcrcc' printed IL ON May 49, lsH The Tribune did
rot print It. The Times received II. bat on In
qury ~ The office OF the news association found
n io Doe forgery. The Herald" printed 2jc)
copies coniaiaiug the proclamation but learning
a. about 1 O'Clock IN m" morning that neither
The Times" nor The Tribune had used IT, sup
pressed the edition and rccast their forms. \ few
copies OF The Herald" were sold containing the
document. bui not enough 10 awaken the hostility
90 the Federal authorities The Worl1' pub
l.sh~l IT.
President Lincoln Immediately ordered the sup
preston o. THE Journal 81 Commerce" AMI The
W,rld' auI The imprisonment of their EDITORS and
pioprctags In Fort Lafayette. Major-Geuera Dix.
who knew that the proclamation had been left at
the ohcc late In the morning, after the responsible
editors had tn their homes. and that It's publ
vain 20 secure modification OF the Presidents
der Several mon were arrested. but David NJ. Stone
and Martou Marie not Included. The city
WAS secured - find number Of men believed TO
have been partly responsible. but the only person
who was imprisoned Joseph Howard. jr. On
Thursday afternoon the President vacated the order
but the soldiers were not Withdrawn from In and
around the Offices until Saturday afternoon. May q
This brought about clash between Governor Sey-
mour and General Dix over state and Federal
Jurisdiction. and General Dix ami some Of his subor
climate officers were arrested and had hearing be-
fore Judge Russell. and were held for the Grand
Jury. william VI. Evaris. Judge Plerrepont and
other eminent lawyers were heard IN the case. Mat
tors coo.cd down. ana an efor; was made 10 induce
MIR Stone to petition Secretary stanton 10 release
The Journal of Commerce editors from arrest and
tn. paper from suspension. He refused to do de-
caring that he had not Willingly committed an Of
fence.
DEMANDING \ BIG SALARY.
The story Of Mr.. stones cary connection with
The journal of commerce. Is interesting. After
Nh Stone cft The Dry Goods Reporter" he went
to Mr.. Haock. the Editor Of The Journal of COM
mcrcc" and asked to be made financial editor. The
financial columns OF the larger daiies were uni
form.y duh and worthless at the time Mr.. Ilallock
listened patiently Mir. Stone presented his slgSes
ton. and asked:
"}nt what pay would you expect
~ thousand dollars year" was the response.
II was large sa.ary Tor those days
Mr.. lIal;ock laughed rather derisive,y. as he re-
marked: why. chief assistant editor. Mr. Sand
ford, graduate Of Yale and a fine writer. only gets
500 4 year"
II can earn IT II have Il ghost VI chance said
Mr. stone. who put 10 work, with the stlpuia-
ton that the office would dispense with him Satur-
day night If his work not what he Gained for
IT, The next day IN" enthusiastic man beSan 10
write money articles for the paper. The ilrst one
excited unwonted interest 1t was fun. abe and
gave great deal OF Information. NJ the cni or
four days Mr.. Stone asked MIR. HGEock what ne
though; of the work. and tod that MS position
secure
Mr. stone had the strength and endurance OF
4 giant and threw his whole energy into his work
Without = word froIn him his sa.ary Was soon raised
TO 81 80. then TO $l.jD then to Sl,NO &."b N25O ana
finally 10 5000. The Ileralds money articles were
written at that tine by Thomas +. kiitel. ana
aftcrward 10y Frederick Hudson. The Tribune had
daily money market written by George VI SNOW
Mr. stone gave 10 his money articles u tone OF sober
history. ana dealt sparin y IN prophecy cschewins
personalities altogether. Mr.. Stonos connection
WIN The Journa OF commerce, covered period period
took vacation. his only HOLIDAYS being the Legal
ones After he became editor-in-chief his salary
was $500 year aid his interest In the paper net,
ted him $1,000 In addition lie strictly observed
SUNDAY m uip fha 2atv N Tia IN