Waterbury Democrat., 1901-02-28
ATWATER GETS IF
Bought Waterbury Republican
 and Will Begin Right Away.
pARsoNs's wAD TOO SMALL.

Although Offered to Him For 5000 10
 Is Said Atwater Paid $7,5GO For Ir
 Many Disappointments In COlse- s
 quencc of the Sale-Employes on the
 Anxious Seat.
 The Waterbury Republican was sold yesterday to Francis -Atwater of Meri- den, making this change the second or third it has undergone durin. it's ex- iStence. The sale was q disIppoint- ment in local newspaper circles and to the friends of Frank Parsons, whD has been it's manager for some ti1ne- All of the public who are acquainted with Mir Parsons, were under the im- pression that he would buy the pa- per, or that friends would buy 1t for him. The sale was conducted bS Charles |. CilaDin, editor of the American, and MT Atwater X week or two ago it was reported the paper had become MT Parsons property, but this report turned out be untrue. It was often said that it was only I mat ter of time before it would be bought by him and that the delay wa. oc- cas;Oned by efforts on the part of tie proDrietOrS Of the paper to ascertain it's actual market value in crder to not deceive themselves or Mir ?arsonS |. Quently when it was reported yeS.er- day. and that report was verified :ris morning that the sale did actually take place and that Mir Parsons was not | the purchaser. considerable surprise l was manifested. It is believed thts | the purchaser represented a New 1o:k news syndicate. and again it is re- ported that he bought it as an invest l ment, and one other report says he ! fn hnnn, 1 way schemes in which he is interest," 1 ed. The price he is said to have | paid. or agreed to pay is S1 300.
 | When the paper was first put on | the market MT Parsons got his friends | together and told them of his desire to buy it. Attorney 1T. k. Durant | offered to raise whatever money AIr Parsons thought would be necessary, for the purpose. That sum was $o.OO0- | MT Parsons was then given q verbal 1 option whereupon he proceeded to business. It was substantially under | stood that he was to get the paper for that amount Mir Durant found q ! friend who would loan him that sum and yesterday AIr Parsons was given | $500 to place as an earnest with Mr | Chapin. MT Durant was very anxious that the paper should pass out of it's then ownership. His political ambi- tiOnS were not knocked out perma- nently by his experience of last fall and he was convinced that with q paper behind him. an organ that he could call upon when it pleased him. he would mount to great political heights. Therefore great was his dis appointment when MT Parsons returns ed with the $500 and the information that the paper had been sold to ans other party.
 MT Parsons was overhauling his desk this forenoon when asked if it was true that he intended to see what merit there was in the option he was given on the paper. He said he had nothing to say. but that if he was to leave the Republican he would do SO with the best of feeling toward it and it's employees. He has been q long time identified with it's fortunes, he said. and of course to part from it now would not produce any mirthful feel- ings It was said that AIr Atwater will put on a new force from devil to editor from out of town.
 l Mr Chapin was seen this afternoon. He declined to say anything.
 The Meridcn Journal. which paper
 MT Atwater is part owner of, has this to say about the sale:
 'Francis Atwater of this city today purcha sed the Waterbury Daily Re
 publican. the only morning newspaper
 in the Naugatuck valley. which has
 been established for twenty years and
 has always been conducted as re-
 publican journal MT -Atwater will
 continue the same force. but will prob
 ably put up new building and add an
 entirely new mechanical plant MT
 Atwater has become especially inter
 ested in Waterbury of late through his
 connection with the proposed AIeriden
 Cheshire and Waterbury trolley which is asking q charter from the present . legislature. The Republican should prove one of the best newspaper prop. | critics in Connecticut" /"