The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-23
PUBLISHERS DIFFER
ON BENEFIT OF A. P.
Right Estimated in Pulitzer Re-
appraisal From $1,000
to $1,000. 900.
S2lO.O 900 FIGURE ACCEPTED

Testimony as to tho value oc q fy9r-
clisN IN She Associated Press 20 "A New York
newspaper was given by prominent rews-
paper publishers I'm the transfer tax pro-
gcedings to tx the value Of the estate Of
Joseph Pulitzor
Nj importJr; feature oc the testimony
related to the value Of the franchises held
by the World and ErcnirO World, due
10 the fact that Surrogate Cohalan re.
fused to confirm previous report by APP
praiser Joseph l. Berry and directed re-
appraisal because he uXed the value OF
each franchise 40 oaly $1,000. Tho sur
ioFato refused to believe the testimony Of
Melville T. stone. general manager OF the
Associated Press. that the actual value OF
each franchise was thy $1,000 bona ot
the Associated Press, which was pur-
chased for each newspaper. In She new
appraisal the valu. Of each franchise Is
tNcd At $4,000.
The vicws 81 the puJlsncr. a. ~ the
va.ue Of a franchise ranged from that
OF frank \. Muasey. publisher Of the
New York Press. VINO thinks membership
In the Associated Press IL worth 5000
600 20 that " Arthu. Brisbane. editor
o. the New YORK Ercnipy Journal. who
testified that the value has ben greatly
decreased through the building VI OF
competitive ucvs services .rd because
now II is generally believed that "a suit
H. IN" courts would establish the fact
that the Associated Press l. a common
carrier and compelled to supply It's ser
vice q; the usual weekly chs-E" to any
bona nd" newspaper demanding it,"
och. Tells OF Recent sale.
Adolph :. Orhs uf IN, Ncw York Tones
who was also a witness and vino il
memhcr o. the executive committee ~
the Associated Press. gave testimony
confirming recent editorial statements In
'ruE SuN concerning the circumstances
u.der which he sold the franchise OF tn"
Philadelphia Times for 100000 20 the
publishers Of fou. other new spRpers there.
On this point Mr.. pchs testified:
There was &c transaction AT ph'."del-
pha IN 90e In which the membership
In the Associated Press held by the
Philadelphia Times Was AZ tnat time puv-
chased by all toe other PHILADELPHIA news
papers. l. wa not entirely free from
other considerAtious because the inotlv"
At that time vas tina; the paper couldn't
oontlnu" publication. ard tne agreement
wa that n he membership was taken w
and Withdrawn a fund would be made to
purchase tho assets {, pre-, Ont th. CON
The price Obtained was no; sol".y 20 &C.
qurc mcmbc ship. The confederation
vas s2oo.u0u Z don't think tine f-Vs.
papers that l'Irrhts"d IT,. franchise would
nave gwen dvr cents 80 hold the A.so-
cia."a i'rcsr franchise
Mr. Oghs sad "a" believes that any
newspaper h. more W liable by reason OF
having 4 franchise. hut lr Slid that the
bond ~ The now association ,rucd by
The New York Times = carried o. Is.
roolls At only $1,000 t." Associated
Press has sl2S.o00 Of bonds outstanding.
ne said, and 10 only TANGIBLE property
IS casl IN bank. He declared that those
memberships which have been gold oy
transferred have been So Inv Owed with
other matters that . Is hard 70 tel just
low much has been paid for d franchise"
THE appraiser has found the value OF
the world 10 be tl.0O0.u00 do you not
believe the value Is greater because Of the
Associated Press frduch SER Mr.. Ochs
was asked.
Believing as | do that a matter 81
good win Is not subject 20 taxation, I
Hill say with relation to this proceeding
that I think the Pulitzer estate Ia bee.
most generous f. accepting $1,000. 900 as
the valuation OF the good WILL" replied
the witness