The sun., 1899-11-29

taken priu arly at my Instance. with the full
consent md approval OF the members Of tho
Harper family and OF the principal cred
i'ors. The simple fact Ia that myself or
anybody else who ventured to undertake tho
personal responsibility OF the management Of
the 'ompany without first efIecting thorough
reimbursement OF its finances would have been
confronted by herculean. II not an impossi-
bic. task After a thorough investigation Of
the condition OF affairs and tho surrounding
circumstances. l became satisfied that. In
order to maintain the proud position Harper
and Brothers have always occupied in the pub
fishing world and to carry on and enlarge its
business In conformity with modern ideas. II
was absolutely essential to begin at the bot
tom. aud first OF all to establish its finances
upon u sound and durable basis An at
tempt to have accomplished this task. while
staggering under heavy burden
OF indebtedness would have been. from husi-
ness standpoint. little short Of insane. After
full discussion and deliberation each memle
OF the Harper family concerned. and all OF the
larger creditors whom | was able to con-
suit. indorscd this judgment and recognized
the tact that the only possible solution lay In
the course which has been followed.
Il desire TO add that. in these deliberations.
the attitude OF every member of the Harper
family has been characterized 10y the keenest
htllst pl I'TSpUhl npUOT anu lnt nlkntHt Tc-
gard FOR the good name Of the greatest pub
fishing house IN the world. L. * equally OBJ
vious from the above correspondence that the
large creditors. and notably J. l.. Morgan 4
Co. were and are acuIatel by the m st gem
erous and sympathetic spirit
The ne, result OF the action which has
been taken. l. 20 make IL Io,slb.o for M" and
n who are or becomes assorihed w,th me. To-
devote our cntr" energies 10 the actual work
'e ore u. instead Of giving hai our time at
.ca-t t. llnaur,a. problems. with a rfart cn
only result IA ultimFt" failure. IV"ry purli.
rat!on issued from ,hc hnrprr stresses will
now u" strengthened IN every io--lh.c way;
without hlniraucH. ana truS. with he hearty
COOPERATION OF ths thousands NJ lr.rnIs ut Ia"
T,rty il has become "ur duty 10 niainta'u''
Col Harvey said To- rHr StN reporter that
the curr"srund r"" and his statement printed
dbnv" goNgr'i absolutely ia" WHO s,orf.
-lcviAi Cidu-e ~ the 'NOrtEdg". hr salJ
=" session ~ 4 hat done lie was asked about
the s?,O,o.DO Of unsecured liahi tiles mem
rro"vah IN =, =, letter % p,ctron, Morgan 4
tors couii not h" gwen now for the reason
that the lisUiItIgs consisted OF the corIora-
Broker, ~ '' " '
A. the agent o; the Trust Com pany Col Har-
yey viii have absolute swing and he and the
HarpcIs vi conduct all the publications OF
the c1rpora q, before.
Haruer \ Brothers is one, OF the Oldest great
publishing houses IN the niteu States, II not
III Oldest | was founded in 1917 by James
HARPER, who was then :! years old. He op1nrd
bro. hyr. Jon@ Il .fper went into rartngrsSiS
with him. rhe ,i!rs; book that Thy L,nt.
ihe title rage thu imprint Of the puhishers
ani J. harrerrr in ls25 they e,tas!'-h"d
occupied by part Of their ptrsen, plant They
haun nIucn money AMI they odd their own
S'2ss ,in, ,n ai,Ir In m" tEsTh h, m"tnod In1y nt
ally 20 the booksellers AMI canvass ior GUS
tonGg'. Their bushes, grow rar,dy Joselh
aH1 1 served sppiTsn,itce,rii,ais" TO 70 the bus:
mitiel mite " to he '' firm. and the the name % was was
Changed 70 Hnrper Brothers, In ~ early
h use IN the world It's Plant had grown until
i occupied min. buildings Ia Pearl street and
tan million do,!"rs in iS5s When 4" /, WAS Was
,iJ burned s- -Somp"'SWy toyn. u was iYsnrc,i for
7 By FIRE. al then the rrescu, hnld.ngs which
eTs trrr99i wgTs synr ~, ny In ~ m1s
continued ,ono the head Of ia per 4 Prothers
M n.s death in 1879, from a driving. acct
N,nt,sy, hggGzn' In. .is3l. II became tie
s,ppni,,gI! publication q I,s Kind ,., >.
1851. the hid'dr WAS s'artei; and in lSsl. the
HM1resr,s M,re, . l"ung 1r,gps Which later he, m"
fH!nuei last June: II. pntIicat' Of Harrc.rs
SIXTIES. " cr the death OF James liarIer, in
ls'H'. John Harper became haRl Of the firm.
Wesley Harper. the third brother. d ed in 1872,
J I'm Harper then Withdrew from the Arm ani
;,,veral sons and n.ph"ws were admitte' John
Harper died IN lSII and Fletcher Harper. who
was the last Of the origina! tirm. died in 1871.
The business continued under the descent
ants until 1896 wh.r the corporation was
nouncad that the corporation had formed an
alliance with tho s. s Mcclure Company. that
Mr McClur" would he elected u vice.prcs,dent
o' the corporation and his FARMERS would hold
other Offices. while !. Henry Harper and II.
Sleeper Harper would become officers In the
), Mcclure Company. The Alliance. il is
said, was nsver fully consummatcd and ten
days ago Col q Is VI Harvey stepp"i in'o the
company and assumed its direct on. All the
officer % the company except that OF pres-
dent are held by the Harpcrs.