New-York tribune., 1899-02-16
LONDON LITERARY NOTpU
HIGHLY CAPITALIZED JOURNArro,,
OLD-FAsHIONED PUBLISHERS or,
OF DATE-MUDIE's AND SMITHS
SUBSCRIPTION LIBRARIES


OF DATE-MUDIEs AND SMITHS
SUBSCRIPTION LIBRARIES
London. February
There is 10 he another great publishing .u..,
cate in England. Sir William Ingram o,..',
yesterday a contract for the notation BY s--
dlcate Of The illustrated London New,o a.,
THE Sketch" Limited. with a capital q, :,
100000 About 10000 will be offered 70 -.
public. $4,000 in ordinary shares and an son''
amount in ) per cent preference shares a, =,
shilling premium: and there will be f3l0no
per cent debentures. The limited company vr
control The English illustrated Magazine
THE Penny Illustrated Paper" The Lsdw.
Pictorial" and other publications. In addition >.
The Sketch" and The illustrated Lona,.
News" with its circulation Of 10000 and val,
able advertising patronage All these proper,
ties are to be capitalized al over a million ga,
ling. and the shares will be taken up reasrv
by the market since similar issues by ~.
Newnes Harmsworth and Pearson syndlc,,.,
have been remunerative investments
The rapidty with which great fortunes h,v,
been made in publishing enterprises conducts,
by men OF force and energy is one Of the MAJ.
vels ot the London Of to-day Sir GeorY.
Nawres has been in Parliament. and has W,
o baronetcy by virtue Of political service. sv,
he is a seif-made nan. who started in traa.
without capital or academic education. made ,
fortune out Of a diminutive weekly paper know,
as Tit Bits" rcinvested his money in a don.
or more Journals ard magazines and is NJ,
the managing director II a limited compa,y
with a large capital In his employ during 4.
early stage Of lis career as a publisher ws,.
two capable and ambitious clerks. who w.x
earning small salaries one Of these was NJ,
Alfred Rarmsworth. the son OF an Irish barr,.
ter with his own way 70 make in the wcrn
He is now in his thrty-fourth year and IA,
amassed with amazing rapidity q large tortu-,
as the owner Of score Of periodicals and II.
manager Of big syndicate. The other clerk IN
the Tit -Bits"' office Mr.. Arthur Pearson
and he has duplicated Mr. Harmsworth's expert
ence. He has converted another series Of per-
odcals into a gold mine in the heart O: Lontc,
He is only thirty-three yet has found time 10
amass a handsome fortune since he eft Wiz.
chester School
Sir William Ingram Ike Sir George Newres
has won a baronetcy by political service in Pa.
lament. but he is not in an equal sense ss..
made man. He inherited a valuable property
from his father, who VS. the founder Of I'll.
Illustrated London News" and has had the a..
vantages Of 4 university education and sOca
position in enlarging his business Interests ua
they have acquired the magnitude requisite hr
a recapitaiization al a million sterling. Il.
new syndicate will rival the Newnes Harms.
worth and Pearson properties and viii bring
other competitors into the field These great
limited companies are completely Transforming
the methods Of business in the publishing trade,
and are opening a new and remuneratve class
Of home investments. The secret ot their sue
cess is enterprise coupled with good Judgment
These publishers do not overwork a single prop
erty. nor do they carry all thor eggs in one
basket When one periodical IS fairly profitable
they do not attempt to double its circulation by
increasing the size and cost Of production. They
we we'll enough alone. and start another peri
odical with a clear margin Of profit; and when
the fresh venture succeeds, new one IS UNDER
taken In this way Of daily. weekly and
journals are brought under tie d-ec-
ion OF powerful syndcates with large reserves
1f capital