Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1916-01-17
". ". CHAPLIN IS
PURCHASER Of
LOCAL PAPERS
Star and Eagle Properties
Taken Over by New
York Man.
BID OF $235,ooo THE
HIGHEST ON THE LIST
Chaplin Gets Property When
A. M. Lawrence Fails to Pro-
duce Certified Check.

William Wallace Chaplin, of New
York, former publisher of the Chicago
Herald, the Seattle Post -Intelligencer
and the san Francisco Call, purehas =
the assets Of the Newark Daily Ad-
vertiser Publishing Company for
$235o0 today. This is the company
publishing the Newark Evening Star
and the Newark Eagle.
2 Mr.. Chaplin announced that he had
bought the two papers for himself,
and would conduct them as indie
pendent newspapers. The sale was
made pending sanction by the Court
of Chancery
The sale to Mr.. Chaplin was made
after Andrew NJ. Lawrence, another
former Chicago newspaper man, had
been declared to be the successful
bidder. Mr.. Lawrence had bid the
same sum. Mr.. Lawrence proceeded
20 make out a check for $4,000, ten
por cent. of the amount bid. but Louis
Hood, counsel for the Fidelity Trust
Company. receiver for the publishing
corporation refused to accept it un-
less it was certified.
Mr.. Lawrence hurried to the tele-
phone, but after some minutes an
nounced { III he could not have the
check certified for an hour or more.
Mr.. Hood then put the property up
at auction again. and Mr.. Chaplin,
who had previously offered $220,OOo,
Increased his bid to S235,000. This was
accepted.
The sale will be submitted to Vice
Chancellor Howell for his approval on
Tuesday of next week. In the mean
time. the receiver will continue in
charge of the property. Under the
terms announced by Mr.. Hood, Mr..
Chaplin will take over the property
within three days after the vice
chancellor advises the approval of
the sale.
Mr.. Hood conducted all of the pro-
ceedings. reading the terms under
which the property was to be sold
and announcing that he had bid OF
$4,000 The first bidder TO increase
this amount was AIr,-+-a1xHeEee---1r 1rhe
offered $4,000 This was followed by
a bidNfrom Charles j. Boyle, who gave
his address as $50 Fifth avenue. New
York. at sl60,000. Then the bidding
continued in lively fashion, with in
creases of $1,000 until Mr.. Lawrence
offered his final bid. Mr.. Chaplin at
this time had made but two bids. one
of $165 900 and another for $22O, 600.
When Mr.. Lawrence's check was
refused by Mr.. Hood. there was
temporary halt in the proceedings.
Both Mr. Lawrence and Mr. Chaplin
explained that they had not been pre-
pared for the eXaction of a cash de-
posit. Mr.. Chaplin said, however,:
"If you want the whole sum of my
bid, will let you have it now
Finally, Uzal II. McCarter. presi-
dent of the Fidelity Trust Company,
was appealed to. and he adjusted the
matter so that Mr.. Chapin's check
was received.
Had 1t for Minute.
As he departed. Mr. Lawrence tore
his check into small pieces, saying:
well, l had it for minute any
how Never mind, there's another to
be had every half hour in the day"
Mr.. Lawrence is also a Chicago
newspaperman, and acted for some
time as the publisher of William X,
Hearst's two papers. the examiner
and American. He said that he dld
not represent MI. iledi st tou's' nv
ever. and that he was acting 1or
himself solely
Mr.. Boyle is said to have repre-
sented the Paul Block, Inc, Pupo
lishers Special Representative, of go
Fifth avenue, New York city.
The first bid, read by Mr.. Hood, OF
$3.50. 900, was from interests represented
by julius S. Rippel. Mr.. Rippel after
ward said that those who we're as
sociated with him are New YORK
newspaper men, but that he was not
at liberty to reveal their names
Mr.. Chaplin, the new owner OF the
NOT now actively engaged. He Is liv-
ing at present in the Hotel vanderbilt,
New York city.