New-York tribune., 1918-08-02
Control Immediately Trans
ferred to Editors and
Board of Trustees
Willard Pleased
AT New Ownership
r. N. Vail, RI. 5. Pritchett
and ElIery Sedgwick to
Hold Trust

rormnl announcement Of the sale Of
srhe Evening Post" 70 Thomas " La
ron.. OF J 2. Morgan & Co., was made
yesterdoy
NJ Lamont. after receiving control
~ the paper from Oswald Garrison
Willard ard tie other stockholders.
.r,nsfcrrod it tn the hands Of its ed
,,orS ard board Of trustees, consist
,ng Of Theodore n Vail, president Of
the American Telephone and Telegraph
Company; Henry S. Pritchett- president
~ the Carnegie Foundation for the Ad-
v,peement Of Teaching, and Ellery
ssdewlck. editor of The Atlantic
Monthly
Lamont's Statement
Mr.. Lannon'S statement follows:
al have personally acquired from Mr..
Oswald Garrison Willard and his as
sociates all the shares of stock Of The
ysw York Evening Post have been
led 20 make this purchase partly be-
cause of a personal interest in The
Evening Post formed when my brother,
the late Hammond Lamont, was the
managing editor, but chiefly because l
have believed that journal with the
sound traditions of The Evening Post
;s an institution OF value to the public,
if conducted with vigor and indepen-
dence.
at is obviously impossible for me to
devote my personal attention to the
conduct Of The Evening Post Accord
ingly, following the precedent estab-
lished by the owners of the property
during the many years when it was con-
quoted with such fearlessness and eff
fectiveness by the late Z. L. Godkin,
and in order to emphasize the indepen-
dent character which l desire the pub
lication to bear, | am lodging all my
stock in the hands of Theodore n. Vail
Henry S. Pritchett and Ellery Sedgwick,
as trustees.
Responsibility for Opinions
"These gentlemen have, with a sense
Of public spirit, consented to accept
this trust They will, Of course, not
be responsible for the opinions which
- aThe Evening Post expresses, nor for
: its daily management But their coun-
sci and their matured judgments will, |
sm assured, be always available for the
assistance Of those who are in charge
Of the newspaper.
with such management, the edi-
torial staff as ably led by Mr. Rollo
Ogden, the present editor in chief will
be completely intrusted. for to COM
mand the permanent confidence Of the
community newspaper must be free
from outside direction. botn IN It's pres
entaron Of news and of opinions.
With the future thus assured | look to
see The Evening Post steadily in
crease in vlgor and influence, and re-
allze more fully than ever before the
high aims cherished by its founders Of
a century ago and by its subsequent
owners
Willard Pleased
Mr.. Willard in his statement said:
IT is great satisfaction in relin-
gushing the ownership OF The Evening
rost, after thirty-seven years Of con-
troi by my family, to feel certain thai
It's high journalistic standards and its
tradition Of public service since 1901
Will be maintained under the new
ownership. l am particularly pleased
mat plan Of trustee control like that
Gesised oy my father, Mr.. Henry Vii
lafc, IN 1881 should appeal to Mr.. La
mont.
The editors Of The Evening Post
nave ever since been free to speak
Meir own minds unhampered by the
ownership. NO newspaper in this coun-
ny mas more devoted set of workers
or one more a-riotically loyal to our
American institutions and fhe demo
cratic principles which underlie them.
ana rejoice that they are to continue
70 manage the property. I gratefully
acknowledge how much it is due to
saem thar l am able TO turn over the
newspaper with the widest public sup
po1I u mas ever enjoyed and with it's
prestige untarnished.
r since II is a human institution, The
I'ehing Post has it's faults and
snorfcomings, but since 1881 it has
never been used to advance the per.
4 1onai fortunes or prestige Of any in
lliisilduai, and it has had no other am
oll,on that 70 serve the city, the state
ana the nation without fear or favor
Aims of Trustees
me statement of Messrs. Vail. Prit-
chstt and Sedgwick, the trustees. reads
Mr.. Lamont's statement needs ~
smphhcation. Had he followed nat.
sa. course and retained under his Der.
Ionai paaai control the stock OF The Evening
.,a sse ms reputation would have beer
,1,mcient assurance of a just and liberia,
noacy- But in view Of his desire tc
.,;,event the possibility Of migconcep.
go .,va, We accede 70 his request and. in
hpIng this trust. agree 20 use ou1
i,s ana independent Judgment in yot.