The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-26
Messrs. Chesterman and James Re-
main as Editors.
COIN HANEWlNCKEL BUILDING
To Give lip the Old Quarters at Twelfth
aad Main Streets About the First OF
January A Brief History OF the
Property Which Has Belonged
TO Two Families for Half
Century.

The Richmand Dispatch 80 Cay he
comes the properly of MI. Leland Rankin
and his associates.
Mr.. Rankin is the sole purchaser of
botn The Cowardin and the Eilyson inter
es,s. but there are other persons inter-
ested with him in the deal, whose names
he will not disclose for the present
By the first of the year the Dispatch
will give up its cid quarters at Twelfth
and Main Streets, which it has occupied
nearly ever since the way, and move into
tie Hauewinckcl building at Ninth and
Main Streets which it has just leased.
All the old officers and directors. Of the
dispatch Company resigned yesterday az
ternoon and the following were elected:
Leland Rankin, president; w. D. hes
terman, vice-l,resident; the above and
Dr. G Watson ames, of Rchmonr;
George Trabue. of Nashville, and Charles
H. Grasty, OF Baltimore, directors
Messrs. Ches,cllnln and James Will re-
main as the editors OF the paper; Mr.
Robert NJ Lynn as city editor, and Mr.
John Stampcr will be the business man
aeer.
There will be no changes in the policy
of the paper and but few, If any, changes
of the personnel of the forces III the fari-
GUS departments
THE NEW OWNER.
Mr. Rankin is a young newspaper man.
widely known among the members OF 'he
craft He has been the general Ilahaset
of the Dispatch since the tlrst OF last
January. having come here from NaSh-
Vile
My Trabuc one Of the new directors.
veg
Nashville e-American, of which MI hsiihii
was formerly business manager 1t Is
understood that he may come to hlcn-
,noud TO take a position on the Dispatctl.
The other out-of-town director, Mr.
t;rasty is one Of tho propTletors oI-tht
baltimore News. and is a Very successldtt III /
newspaper man. Ii is within the range CT
rsrohs!,ilities that he, TOO, who is SAID 10
be largely interested, may make hlcii-
mond his home.
The foundation is being dug out IN slhe
lIa.newinckel building for the Dspatca $
press and stcraotyping outht- ne p"ei-
ness offices Will he on the ilrst moor, d ,i'l m
The editorial and reporters rooms on .i's
aifth floor. The remainder OF the o'ilioliis
Will be rented out for otiice :, ,puf3,oses 7"
REASON FOR THE SALE.
In ,,nouncjuc the sale of the Dispatch
,roncrty- MIR. w. D. Chesterman, pres
ident of the company, will say to-day:
Since the death Of Colonel Charles y Is.
Cowardin the sale Of his hail interest III
The DISPATCH Company has been III con
templation. but .here was a sL3nulllS
agreement with his associates IN 'ne
ownership OF this property that no sale
sbo,,ld he made unless it included the
entirety of the stock. I,ecentlE a Duf-
chaser presented himself in the person
of Leland Rankin. Esq, who. since
January. 1901. has occupied the position
of general manager of the Dispatch, ana
10 him all the shares of the Dlspat1i
Company-whiCh were held III equal t,di .
by the Cowardin and Ellyson fanliles-
have been sold upon satisfactory terms
Mr.. Rankin came TO us from The Nash
Vile American. and, possesses our entife
confidence and has made many otiici
friends in this city While 1t costs me
old owners of the Dispatch many pahss
TO part with their loyal and devoted en-
ployes and their large family of readers
and supporters they are gratitied to know
that there will be no great departures
from the Dispatch's long established poll
cies and that there will be lew changes
in the personnel of its force. 1t IS orr
expectation and belief that the Dispatch
not only Will continue TO hold the Ia
Yorad position it has occupied for half "A
century but that fresh opportunities for
usefulness and success Will be opened in
The new owners hands.
ITS POLICY.
Mr.. Rankin, in announcing the policy
OF the paper, will say:
The Dispatch under its new manage
ment. viii be thoroughly alive but not
sensational II will try to lead in every
DEVELOPMENT of legitimate newspaper en-
1erprise but it will remain the clean. falr,
conservative newspaper 1t has always
been. 1t will stand true to the principles
and leadership of the Democratic party,
but will not represent, nor be controlled
by. any faction or individual. 1t Will
spare no pains 20 guard and promote the
material prosperity of the State of Nir-
Einia, the city OF Richmond, the South.
and the country.
In brief, The Dispatch is owned and
controlled by newspaper men who, re-
specIing their profession, hope To find il,
1t adequate returns for their investment
and labor; who, while loyal to the high
traditions of the Dispatch, will seek 70
enlarge its scope by properly aggressive
methods and by making it a better news
paper than ever.
HISTORY OF THE PARTY.
The Dispatch is one of the Oldest cstab-
lished papers in the country, and has up
to this time been in the possession of the
Cowardin and Ellyson families. The paper
was founded by the late James a. Cowar-
din in October. 1850. He was its sole
proprietor until its publication was sus-
pended by the Federal authorities shortly
after The war. During that period there
We're sometimes as many as four morning
papers in Richmond.
Shortly after the war Mr.. Cowardin and
the late Henry X. Ellyson revived the
publication OF the Dispatch. Mr. Cowar-
din had charge of the editorial Depart
rnent and Mr.. l2llyson was the business
manager. They each owned a half inter-
est in the property. Mr. Cowardin died
n III
late Colonel Charles OBJ. Cowaroin, sue
ceeded TO his interest in the newspaper