New-York tribune., 1905-01-11
PRESIDENT WITHDRAWS.
HIS LETTER MISUSED.
Dir. Roosevelt DispIeased Soith
''NezcSbOyS' Magazine" Methods.

Washington, Jan. 10.-President Roosevelt to-
day withdrew a letter which he wrote last March
extending TO The American Newsboys' Maga-
zine" his wishes for its success The withdrawal
of the Presidents letter was announced in an
other letter which he wrote the 7th inst. to
Murat Halstead who the president OF the
company which is to publish the magazine. The
letter of the President to Mr.. Halstead follows
in part:
the president Of company formed to publish The
american Newsboys Magazine and contemplate
. SAfter quoting in fun the letter which he wrote
the magazine. the President continues)
AS you will note, this letter is couched IN general
pany. Certain facts have come to me as to the
character of certain persons interested in the
adopted for the disposal of stock. which make noe
connection with the enterprise. May ask you to
look carefully into the matter and write me your
CONNECTION With any concern which is In any e way AZ
tainted. though this letter refers more to a
Sincerely '--' yours 'fi THEoDoRE ROOSEVELT
In response to this letter. Mr. Halstead wrote
the President that he did intend to withdraw
from the company saying:
a eannot continue qssoGiatsa ,S @ with the
oes6 to- pr0te 0 the n steps a @ faf bdn may 6e
stock subscribers from dissipation.
To-day the President in addition to authorizing
the publication OF the correspondence, took steps
insure the withdrawal of his letter of last March,
In conclusion the statement issued at the White
House says:
In making this correspondence public there is no
purpose TO reflect the integrity OF Colonel Steal
ey, Mr. Halstead or Mr.. Richardson who were at
one time another officers of the company They
evidently endeavored in good faith to cause it to
carry out its original purpose.
Mr.. Halstead, who called on the President at
the White House. issued a statement in which
he says:
My business here to give the President IN
avertsed az as te sehee OF phiianthropy MV re
son for this was that my name had been abused in
out the offensive facts and to-day announces that
the use. in any form, OF his name or that of a
Cabinet officer by the American Newsboys' Com
pany is forbidden.
c. T, Richardson, the secretary and treasurer
of the company, protested against some of the
methods of the concern. and in a statement is
sued to-day says he was deposed from office.
He retains, however the books, papers and
funds of the company and adds that he already
has taken steps to protect those who have paid
for their stock.
Colonel Stealey resigned the presidency of
the company last October. basing his resignation
on the ground that he could not agree with the
way the business of the company was being
transacted. Colonel Stealey received no COM
pensation for his services, and returned all the
stock voted TO him by the company when 1t was
originally formed.
The stockholders Of the American Newsboys'
Company held a meeting here to-day, at which
Charles A Edwards was elected president vice
Mr.. Halstead. resigned. and H. K Holmes E.
r. Johnson and Charles A. Edwards, members
of the board of directors. Mr.. Johnson was
elected secretary and treasurer in place of Mr..
Richardson.