The National tribune., 1911-03-02
THE INTERESTS" GRABBING THE
MAG. MINES.

The extraordinary development in
circulation ard influence of the cheap
magazines indicates that they have
taken the place, as molders of public
opinion, of the oid-fashioned great
weekly newspapers. Consequently the
Interests" which have enormous sell
fish purposes to promote, have the
strongest reason for securing control,
and It is believed now that this is in
process Of accomplishment. Certain
leading metropolitan papers say that
Wall street is actually trying to build
up n universal magazine merger which
IS Intended TO defeat the decalog-"
In speaking Of the deal whereby the
Interests gained control of the Amer
lean Magazine, with it's editor and
corps of writer's the New York Press
gays:
THE active work of organization is
being carried on thru Thomas w. La
mont. newest member of the Morgan
/ firm, who began several years ago to
take an active interest in the publish
! ing business, aud who six or seven
months ago bought stock in one or two
ether publications.
Lamont. it is learned controls the
CroweH Publishing Company. of which
| George Fl. HaZen is Presies.et and JOS.
P. Knapp. President OF american
! I.ithoeraphic Company is Dportant
stakeholder. The Grove Company,
which already had bought several years
ago, with money advanced chiefly By
Lamont. the Woman's Home Compan-
ion and The Farm and Fireside. last
week acquired possession of the Amer
| lean Magazine. Here is a circulation
10 l,a T00 nan and rI9ns n
under way for tne amalgamation of the
Harper publications with the CPowell
| interests.
y. P Morgan has owned the bonds
of Harper's for many years. and his
| intent is to combine the Harper and
thc Crowell interests.
Lamont is also a director and a
large stakeholder in Dufficld 6 COM
parry publishers of books. Harper's
also has book publishing department.
The combination of periodicals I'M
| der the fostering care of j. P. Morgan
is not regarded kindly by magazine
| owners. While there are publishers
who are independent of banks. yet the
com bination tends to put them on the
| defensive There is probability that
! their advertising may decrease. The
| persuasion that could be used by Wall
Street financierS in swinging big blocks
] Of advertising to friendly magazines is
tiser lives out in Oshkosh, he may find
it difficult to get banking accommodate
| ton If he refuses 10 place his adver-
| tisement in magazines friendly to Wall
Street.
| The Press also says that the Outlook,
all the Munsey publications and the
Butterick group, including Everybody
and the Delineator, are under negotia-
lrions for purchase
The fierce attitude of the Harper
publications toward the Sulloway bill
is a good indication of how far the
work of the Interests" in securing con-
troll of those publications has pro-
crossed.
The Worlds Work, which, has long
been known to be under the control OF
the Interests" showed this clearly
when it started off on it's malignant
raid against the pension system. The
animus of these articles is now clear to
the wayfaring man, even tho he be a
fool The object was to keep any
more of the public money from being
diverted to the veterans and pile it up
in the National Treasury for the use oil
these selfish and grasping Interests. :
The fact is exceedingly alarming to
every patriot who wishes we'll for his
country and who understands that a
free and unthrottled press is absolutely
] necessary for the perpetuity of our in
stitutions