New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-16
FRANK A. MUNSEY BUYS
THE NEW YORK PRESS"
Takes Over Newspaper Which
Henry l. Einstein Has Owned
for Seventeen Years.
WILL SUPPORT ROOSEVELT
New Owner Announces He Has
No Political or Personal
Ambitions to Serve
Old Staff to Stay.

The New York Press" has been sold
by Henry l., Einsteln 10 Frank A. Nun
sey' and, beginning to-day. the news
paper will be published by Mr. Munsey.
In taking charge, Mr. Munsey announces
that THE Press" will support Mr.. Roose-
Welt Tor the Presidency.
Henry l.. Elnstein. I'm a statement in
The Press" this morning, says:
This newspaper of which | have been
the sole owner since February, 1896.
| nave sold and transferred 10 Mr.. Frank
a. Munsey, under whose ownership and
direction il is issued to-day.
Mr.. Munsey. who now owns and has
taken fun charge of The Press" is a
HIS magazines are known all over the
| nitcd States, and ne has newspapers
In Boston. Philadelphia. Baltimore and
Washington. The addition of The Press =
IN New York gives Mr.. Munsey a closely
| linked federation OF newspapers I'm all
the great cities Of the Atlantic seaboard
from Boston to the national capital.
Alr. Munsey's statement In "The Press"
this morning. addressed to readers OF
| that paper. says:
The statement on another page by Mr.
Einstein furnishes the occasion for me
TO say a personal word on my purchase
OF this newspaper.
I have bought The Press" because
want IT. Ii completes my chain Of
newspapers covering the Ave big cities
delphia, Baltimore and Washington
The man chiefly responsible for the
making Of The Press with It's char
acter and courage and emphasis, is
Erwin Wardman Mr.. Wardman and the
excellent staff associated with him will
remain with the paper and help TO de-
yelOp IL into a bigger and stronger paper.
My purpose is TO make THE Press
complete newspaper, large enough 10
cover all news worth while, a newspaper
that shall be clean. honest and fearless.
a newspaper so written and so condensed
that the busy man can read IL and have
time for something else.
] have no political or personal ambi-
tion 10 serve through this newspaper ]
realize fully the responsibility TO the
community man incurs when he under
takes the publication Of a newspaper.
newspaper is scmi-public institution
which. in its true sense must represent
the best interests OF the community and
the nation.
In the main my ideas are i'm sympathy
with those heretofore expressed in this
newspaper. ] am IN perfect accord with
its economic IDEAS. and ] am I'm perfect
accord, too with its progressive and fear
less position on all matters aud IN all
measures.
The Press" recognized I'm the inception
Of the present political fight that Presi-
dent Tafts candidacy for denomination
was "A mistake. and insistently maintained
that, II nominated. he could not be elect
ed. in this respect. likewise. The Press
expressed my views. / did not believe
then ne had a chance OF reelection; now
] know he hasn't.
My analysis OF the situation was that
Mr. Roosevelt was the only man who
Mr. Roosevslts nomination for reasons
with which ] am not familiar Moreover.
IL persistently opposed the nomination OF
either Taft or Roosevelt. But We now
have both, so we are confronted With
condition. not "a theory.
Ny advocacy Of Mr.. Roosevelt in the
campaign for nomination was not In the
interest of Mr.. Roosevelt himself. but
chiefly because ! wanted TO see the eco
nomic policies OF the Republican party
continued In force. ana that this might be
done meant that We must have q candi-
date who could be elected.
With hundred millions Of human Souls
in this country OF ours 10 care for, tie
controlling forces Of our national govern
ment should not be selected with regard
TO personal preference. bur with regard
to fitness for the Job and with regard 10
policies that make Tor industrial progress
and the square deal 10 all
This Is "A two party legitimate no mis-
take about this-a fight between Roose-
welt and Wilson. II Taft had any chance
whatever TO win the case would be en-
an impOSSibiity, as The Press fore
Swallowed a year ago, since Il is probable
that he cannot carry so much as sinRIe
state i'm the Union. the problem narrows
down 20 a choice between Ro0seVeIt anu
Wilscn-Roosevelt who stands for the
economic policies for which this paper has
always stood, and Wilson, who STANDS Tor
economic policies against which TINS
paper has always fought.
The logical and honest thing, then, Tor
this newspaper 10 do, under the condl-
lions i'm which we find ourselves. Is 10
stupOrt Roosevelt, who can be elected
and whose election would mean the con
ttDuation Of a tariff that protects the
Amelican wage against the cheap wage
abroad-the continuation Of a tariff that
makes II possible for our industries 10
compete with foreign industries ana thar
protects our markets from the ONSLAUGHT
Of foreign invasion.
The Press therefore, under my own
ership. will stand for American prosper
itv and American Industries. which. after
ali. are the bread and butter Issues or
fine campaign. These Will he az safe IN
tho hands Of Roosevelt as they would be
In the hands Of Taft--as safe IN the FRO
gressive party as In the Republican.
4 tariff that will safely cover the dif-
ference between the cost of production
abroad and At home and Will amply pro-
tect our markets from foreign invasion
ie a high enough tariff a tarin IN ex-
cess of this is too high and should be
a'rbe Press" will stand for this view
of the tariff, as IL will stand for the pro
lection Of the American wage against
the cheap wage of Europe, as u VIII
etand FOR Industrial evolution and So
cisi iustice. IL will too, contend for and
dpht for whatever makes for genuine
nTogress and genuine betterment OF life
among all our people
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