The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-07-11
CAPITAL NOT SOLD
All Arrangement Was Nearly
Completed
TO Buy the Topeka Morning
Newspaper.
PUBLISHER REFUSES.
The Paper Was to Have Been
Sold For 100000
And Returned to Former Hud-
son Management
PUBLISHER REFUSES.

Today David W. AGulvane declined to
accept an offer of 100000 for the pur-
chase Of the Topeka Capital by an IN
dependent company Of which +, u
Popenoe is the principal stakeholder
The organization of the new company
for the purchase of the paper was COM
pleted during the absence of Mr. Null
vane from the city. He has been IN
Detroit for several days. The PROPOSE
ton was submitted to Mr.. John R. Null
vane and Mr.. Joab NIulvane by Mr..
Popenoe while Mr.. Dave Mulvane was
out of town
The officers Of the new company be-
lieved that the sale would be completed
and had arranged to take charge of the
paper Saturday, the first issue under
the new management to appear Sun
day morning.
Today at noon Dave 8Tulvane arrived
home. The proposition was presented
to him by his father. Joab MuIvane and
his uncle John r. Mulvane but he i'm
mediateIy declined to accept it. He SAID
TO a Journal reporter later:
The Capital will not be sold now l
declined to accept the proposition of
the new company coming from Nr:
PopenOe. I am not ready to go out OF
the newspaper business at this time
For that reason 1 decline to sell the pa
per"
was offered he said: THE offer was
about 100000. 1 am not prepared to say
what I should do in such q. contingency
as you suggest"
The company which was to take
charge of the paper has already elected
the following officers:
President-DeI Keizer.
Vice preSident-HaroId T. Chase.
Secretary and treasurer-Charles L.
Holman.
Directors-F. o. Popenoe, James D.
Mcfarland, H. T. Chase, Dell Keizer
and C. L. Holman.
Mr. Holman represents interests held
by Mr.. Popenoe.
General J. K. Hudson was to be
editor-in- caief ~ t14z paper
The company which was organized to
purchase the capital is the outgrowth of
efforts on the part of Mr.. Keizer and Mr..
Chase. They have been working for
several months to perfect the organiza-
ton They held important interests in
the Capital company at the time it
passed out of the hands of the old COM
pany into the possession of the Null
Vanes. The reorganization was in a
measure brought about to protect their
interests.
Mulvane declines TO accept the offer for
the sale of the Capital is found in the
fact that the chances are 100 to l that
the new company would oppose ]. r.
Burton for United States senator. I'm
der the management OF the MulvaneS
the paper has been Mr.. BurtOn'S 5 StrOn g
est and most faithful supporter Then
too, Mr.. MuIvane is fighting Leland and
he does not at this time care to dis
pose OF the weapons with which he
hopes to wage a successful and exter-
minating warfare against Mr.. Leland s
political ambitions
The officers of the new company are
very reticent about the deal Before Mr.
Mulvane arrived home one of the prom
1nent men connected with the new com
pany said:
These negotiations have been carried
on in the absence of Dave AIulvane and
/ am confident that the publication of
the plan will destroy it. When Mr.
MulVane discovers that he has not been
consulted I'll bet a new hat he viii de-
chase"
This seems to have been a wise pre-
dlcllOn, because the anticipated refusal
came as soon as Mr.. Mulvane arrived.
The most important fact in connection
with the transfer of the property was
the restoration Of Gen. Hudson to the
chief editorial position on the paper
he was appointed a brigadler general
an the army through the influence of the
people of Kansas, Governor Leedy. Sen
ator Baker and Senator Harris Eight
ing joe Hudson never forgets a politi-
cal oDllSatOn- This makes it practical
" certain that the Capital would have
favored Senator Bakers reelection as
United states senator. This fact alone
is regarded as largely responsible for
the refusal of the offer of the new com
pany by Mr. ATuIvaue
Ihls forenoon the new company be-
heved confidently that they would as
sumo control of the paper saturday
Dave MuIvane says no such change will
be made and what will now be done
seems 10 be another story
MI Aelzer, the president of the new
company, was asked if the company
WouId make another and higher offer
for the paper. He replied by saving
ter ~ 'iliS mat
Mr.. Keizer, under the new. manage
ment OF the paper. was to retain his
position as business manager Of the
paper H T. Chase was to be associate
editor and j. F. FARRELL the city and no
nIlcaI editor was to remain, as were
all OF the other employees in the Office
r o. PopenOe, who is chairman at
the present time of the new board ~
directors, also declines to discuss the
subject.
story today John r. Mulvane said to a
state Journal reporter: There is no
truth in the story at ALL
" mere did it originator asked the
I don't know" said Mr. Nfulvana.
unless i was in the brain of some
port?'' 'ae re-
NO. But have noting to do with
the property. D. w Mulvane is tba
sole owner and proprietor of it If there
ts any lhlhs IN 1t ne can tell YOU"
Formal Announcement
The following IS the story printed in
this mornings Kansas City Journal ana
dated from Topeka:
General J. k Hudson. known to his
1aends throughout the state as Plight