The sun., 1918-08-02
T. W. LAMONT BUYS
THE EVENING POST
Partner Of j. P. Morgan & co.
Places Control With
Three Trustees. :
OSWALD G.. WILLARD OUT
Vigorous and Fearless Policy
of Founders Will Be Followed
by New Owner.

Negotiations looking TO the sale OF the
Evening Post, which have been going
forward for the last ten days. were COM
pleted yesterday in the transfer or Os-
valid Garrison Willard of his controlling
interest In the paper TO Thomas w. La
mont Of the firm of J. +. Morgan q Co
Mr. Lamont will not conduct the paper
personally. but In order that 1t may be
administered with, vigor and indepen-
dencs" has placed It's control in the hands
OF three trustees. Theodore n Vail, pres
idsnt Of the American Telephone and
Telegraph Company: Henry s. Pritchett,
president OF the Carnegie Foundation for
the Advancement OF Teaching. and Ell
lery Sedgwick. editor OF the Atlantic
Monthly. Rollo Ogden. editor OF the
Post, will remain In his position and
direct its editorial policy.
Mr. Willard In retiring from the Post
will not give up all editorial work. He
will continue as editor and publisher or
the Nation. which was founded by his
uncle. Wendell Phillips Garrison. and
Edwin l.. Godkin, in 1865. He is pro-
prietor also OF the Nautical Gdsette and
has other publishing interests. lie will
retain an office in the Evening Post
Building
Statement by MIR. Lamont.
The manner in which the Post will
be conducted henceforward was made
clear yesterday in a statement issued By
Mr.. Lamont Immediately upon the COM
pletion OF the sale. He said:
II have personally acquired from Mr..
Oswald Garrison Willard and his asso-
ciates all the shares OF the stock Of the
New York EreninD Post. l have been
led to make this purchase partly be-
cause of a personal interest in the Ercn-
ing Post formed when my brother, the
late Hammond Lamont, was the manag-
ing editor; but chiefly because l have
believed that a journal with the sound
traditions OF the Evening Post Is an in
stitution OF value to the public II con-
Quoted with vigor and inpedendence.
at is obviously impossible for me to
devote my personal attention to the con-
duct of the EperinO Post Accordingly
following the precedent established by
the owners OF the property during the
many years when it was conducted With
such fearlessness and effectiveness by
the late Z. L. Godkin. and in order to
emphasize the independent character
which / desire the publication TO bear.
am lodging all my stock in the hands OF
Theodore y. Vail. Henry s. Pritchett and
Ellery Sedgwick as trustees.
No Change In stan.
These gentlemen have. with sense
of public spirit. consented to accept this
trust. They will, OF course. not be re.
sponsible for the opinions which the
Evening Post expresses. nor for its daily
management. But their counsel and
their matured Judgments will. l am as.
sured. be always available for the as
sistance OF those who are In charge OF
the newspaper.
with such management the editoria
stan (as ably led by Mr.. Rollo ogden
the present editor in chief. will be
completely entrusted for to command
the permanent confidence OF the commu
nifty a newspaper must be free from out.
side direction. both in its presentation
of news and OF opinions. With the fu.
ture thus assured look to see The
! Ertning Post steadily increase In vigo,
| and influence and realize more fully thar
| over before the high aims cherished by
Its founders OF century ago and by it:
| subsequent owners.
THOMAS w. LAMONT"