The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-09
aIpp0DRoHg MANAGERS OUIf.
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Dintig atu ~ lunars ~ nsfaar ttH Neg
Yatt Mppoitsns fhar manseaansnt
~ thai msTtmoth tppaemsns ~satefpftsa.
ghirh tiry enNr~iyri and prisslcsny hHis
anil shioh y sas sway ssTpsssi wyaat
Hani ~ y monument - ths esrlus ~ thsss
tto ypnna mpu ssisi yesterday wipsB ttae
rwaRnatlnna - Nh -rs. difSstgts aad man
ssurs ~ tho ruupany eere sccepfef ~ ~
boari n dlsscsura. n whloh John ". Gates
IL tho lsadlns spirit,
John A Drake. . hra. a~taSchholtsf IN
Tho Hippohronis corapany. authorized tho
statement that Rlav \ eripaRer wusti 10
tho bow n,ana gers NJ Drsks showed o
telegram which he rsnsi wi from F1Drpni
Zisgfeld wlble ~ thu rncs,rirk Yesterday.
Mr. zisgfcld wanted tho H~ippodsoms ss
any terms the company wanted 10 make.
Ills offer VINO too late. however." said
Mr.. Draks. We have jut closed d deal
by which Klaw 4 Erianesr become the nsv
managers. We have had any numb0F u
offers, hut theirs has been accepted and ths
deal IL olosed.
For KIaw a Granger Il wac denied all
day yesterday that they would take thu
Hippodroms. When informed last night %
Mr.. brakes statement. 1t was aaid for then,
on Mr.. Eranger'B authorization, TINT they
preferred TIM any statement should ooms
from the offiosrs Of the Hippodrome COM
pany.
The announcement Of the resignation Of
Thompson q Dundy. which caused no end
Of surprise, wac made after a meeting %
the board Of directors Of tho New York
| Hippodrome held In Mr.. Gates's Office &C
III Broadway. With the announcement
was coupled the statemsnt that William II.
Chesebrough, preaIdent Of the United
States Realty Company. which has oon-
trolled the Hippodrone, would eucoeed
Mr.. Dundy as president. It was learned
later that Mr.. Chesebrough would act q
president only until some one could DO
found who would manage the concern.
Save for such a voice as their rights a
stockholders will give them, Thompson
& Dundy will bs out Of the Hippodron,s.
They still retain their stock in ths company,
which amounts to about 20 per cent. Of the
total. The balance of The stock 10 bald
chiefly by John W. Gates, John A. Drake,
Harry S. Black, Paul Starrett and the
United States Realty Company. The 10
atty company owns the land on which the
building Ii situated
Several stories were told yesterday of In
causes underlying Thompson d Dnpdy's
retirement. One story was thai thu HfD-
| podrome had not met with tho financial
success Mr.. Gates and soma a his
associates had anticipated. This sbory
was pretty well denind from bothquastsrk
Another story was thatthe reaignattpna0e
Thompson & Dundy az managers. taztaad
of being welcome 30 ths largestseoolkhnAAARN
had been acpsphed altar oonkiAas9eAp
dissatisfaction had been expreassd aaGtAe
| ostensible desire Of the. practsnal fnuAdkRs
| Of the enterprise 30, laays,tt b., dapubestfha1
! time 10 othsr eupsrprtses. WhfhesthtAsWAs
denied, by Mr.. Th0mpson yesaerdaYsStetwas
/ evidant, that thsrs was NOT thB, haGet ef
feeling, oyur thu afAnDa.
Mr.. Halta;ih0wsver, was Ea1dg toshoeano
| Of thoss who was not albogshhAR- sat1s1nd
with Thsmpson and Dumtyts. mAnR@szRRn&.
for ha said:
@Thompsm d Dund1ruertafnlE4psu1anRlot
\ Of monay, OF oourFa. thay haR0 naenEzfy
gwen out that they wanted toedovooosa0Fe
= time to Luna Park and thais other, ezhaE-
prtsee'
pany and counsel for the United G4ates
Realty Company. wna. aslssd, yastsrdhR,n
thare had bsen any dfsasisfactAca1 v1zakfhs
financial returns.
sThs reestpts,' he said. have oeztAiniv
bean phenomenal. Az TO the reasoaa for
y thts change r don't cnre to 10 into.thak.
Mears. Thompson and Dundy are ct liberty
to give out that we asked thsm 30 remain.
They have Wess asents, and pFess a&euts
are harmless, ! guess. I have been soCne-
what astounded al some Of the accounts
I have read 30 far, however
Ths talk along broadway Last night. was
that for SOHO time past Mr. Gates. Mr..
Toraics and other financial hackers Il the
entarprise had felt that too much money
was being spent and Uhat the not income
was not what 1t ought to DO. The expenses
were about 10000 a week. While Mr..
Thompson was abroad the last time Mr.
Gates, Mr.. Drake and the others insisbed
that the prices Of seats should DO raised In
order to increase the income.
According to one story, Mr.. Thompson
was at Cairo, Egypt, when the news Of this
was oabled to him by Mr.. Dundy. My.
Thompson was badly cut up over It and
wired back protesting against the raise In
prices and declaring that it would do much
harm rather than good and drive patronage
away.
In spite of this, how ever. prices were
! raised and that the result was as anticipated
by Mr.. Thompson would seem to DO shown
by the fact that SOD time after his return
the prices were lowered again to what they
had bsen at first. The harm is said to have
| been Ions then and the attendance never
got back to what It had been. One story
had It that the desire Of the firm TO quit
|, originated Just about this time.
! Some idea Of the outlay of money can
h ba gained from the fact that one act alone,
"Vhs Court Of the Golden Fountains with
tho aostuuninG of tbs ballet. the act lasting
two minutes, cost in the neighborhood OF
So, 1000,
From one suurce 1t was learned that at
least soma Of the baokers expected, when
they put thsir money into tho scheme.
that Thompson & Dundy would continue
10 manage, it il 1t was q success and devote
all their snsrgies to making 1t such. When