Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1916-11-10
INSIDE STORY OF
CAPITAL NEWS DEAL

About a month ago II was an
nounced that Ed Dewey, the repub-
lican politician of Nampa, and presi-
dent Of the Idaho Traction company,
a subsidiary of the Idaho Power
company, had purchased the Evening
Capital News, the mongrel afternoon
paper In Boise. Inasmuch as Dewey
aspired to be a republican leader
and his name had been connected off
and on with the gubernatorial chair,
it was presumed that the paper
would be made a republican organ
and that its Matchmaking propensl-
ties were no longer to be features of
it's columns. It was stated that Mr..
Dewey paid 100000. taking up
$4,000 worth of bonds which had
been held by Senator Brady for a
acat many years, and assuming
other debts of the organ, making the
total of 100000.
1t is now claimed that Dewey has
been fooled and has found that he
has purchased a paper but cannot
control its policy. Altho out Of a d.
rectorate of five, he has three of its
directors, when he came to look
around after he had loosened his
purse strings, it was to find that the
News had received $4,000 in cold
cash from Governor Alexander and
that Alexander had a contract with
the Capital News to support his can
dacy for reelection.
hon Senator Borah was in Boise
ntly, there was meeting attend
by John w. Hart, Mark Austin,
4 Dewey and his brother Con-"
rah and Sheridan. It Is related
hit Hart, Austin and Borah made
very effort to convince Dewey that
@ was making a mistake IL he did
OF come out and support the repub-
llcan ticket. Dewey and Sheridan then
made known the fact that Alexander
had paid $4,000 for the support of
the News thru the campaign. sheri-
dan stated that If Dewey would re-
lieve the News of its obligation to
Alexander by putting up $4,000 to
be returned to Alexander, the paper
could then turn in and help the re-
publican cause. Mr.. Dewey refused
absolutely to be held for this amount
OF money. He said that he had put
in his 100000 in good faith and
supposed that there were no strings
upon the editorial policy of the pa
per, but that he would rather allow
the paper to support Alexander than
to part with the $4,000. 1t is stated
that Dewey put an expert on the
books of the News Office before he
took the mortgage off the paper for
100000 and this report showed
that the paper had been making
money, altho 1t had increased its
debt from $4,000 at the time Brady
had advanced 1t that sum In bonds
in order to protect his big loan with
lions National bank of Salt Lake,
to 100000, which was the amount
needed to liquidate its debts at this
time. It is not stated whether the
$4,000 which Alexander paid in cold
cash was a part OF the profits.
Dewey is being severely criticised
by party members because OF the
jackpot he is In. II he had taken the
advice OF his we'll meaning political
friends he would not have gotten
caught in sherldan's spider web but
would have taken heed from Brady
who had to carry the burden of the
News threatened libel suits for SC
many years. Brady is as tickled az
a boy with new wagon to think
that he got all his money out OF the
News and that Ed Dewey was moi
only fool enough to relieve him Of
bis white elephant but to take or