New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-03
VAN NORDEN" QUITS
MAGAZINE IS SOLD.
'Current Literature Buy,
Only Subscription Isis.

The Van Norden Magazine" n nubilca-
ton which started out in March 1907. as an
organ for the Van Norden banking inter
ests, but changed almost Immediately to q
bona f1de newsstand monthly, was sold yes
terday TO Adam Dingwail. secretary and
treasurer of the Current Literature Pub
fishing Company.
With the closing of the sale, which had
been hanging fire for some time. THE Van
Norden Magazine will be discontinued
Subscribers will receive instead the maya
zine Current Literature for the company
publishing which. it is understood. Mr..
DingwaI has acted.
No manuscripts or contracts We're bought
according to Mr.. Dingwal and the only
Formally necessary to close the dea! VIII
be the actual delivery to him by the East
ern Publishing Company, which published
The Van Norden." of the subscription lists
of the defunct magazine
Yesterday Mr.. Dingwsll gave his check
for $500 to satisfy a judgment secured by
an engraving firm against The van Nor
den," and the balance of the purchase price
will be turned over when the SUBSCRIPTION
lists delivered to him.
Warner Van Norden, the father of War
ner NJ Van Norden, has acted for the
'
fer The son was the actual head of the
magazine publishing company, and held, It
was said, majority of the bonds. AS the
consent OF the bondholders was necessary
to the completion of the deal. it was
thought until yesterday that the matter
would be held in allegiance until the return
of Warner NJ. Van Norden from Carlsbad.
where he went for a session at the baths
soon after his experience of losing $4,000 to
two women near the Waldorf few weeks
ago. ......
Last night, however. his father, VINO ad
mitted that he was acting for Warner NJ.
Van Norden. said that the consent of the
bondhoIders had been given, and that there
would be no further delay in the transfer.
The circulation of The Van Norden
Magazine was not large, though it was
understood to be growing steadily, and re-
cent issues were said TO have been ap-
preaching an even break as between income
and expenditure. Club and subscription
agency arrangements were responsible for
4 large growth within the last six months,
it was said, but the real owners were ap-
parently not satisfied that the returns
would reimburse them for the money pre-
viously expended
The estimate made yesterday of the
amount of money which the hacker of the
venture, presumably Warner NJ.
Van Norden. had put into it was s2s0.000.
When this estimate was mentioned to his
father last night, he said first that ne knew
nothing of it but later remarked:
That's just g good guess"
According to the last corporation direc-
tory the officers of the Eastern Publishing
Company were Ottoman H. Van Norden
president: Mary H. Van else, secretary.
and Warner NJ. Van Norden, Ottoman II.
Van Norden and NJ. Lee Starke, directors
The capital was 100000.
In March. 1907. when the magazine first
made its appearance, it bore the name of
0. H. Van Norden, which was later changed
to Warner NJ. Van Norden, and for the last
six months the Van Norden name had ap-
peared only upon the title page Allen
Francis Walker having become both editor
and president Of the publishing association
Recently the Van Nordens had become
less interested in the magazine, one of the
directors said yesterday, and Warner NJ
Van Norden, who was the latest represent
alive Of the family to have any active con-
nection with the venture. appeared but sell
dom at its Offices, and had very little to do
with the conduct of its affairs