The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-09-20

able at Federal Trust Company, Newark,
". J.
GROWING CIRCULATION CORPORATION,
by L. B. Krause. vice-president."
The next document 10 a receipt from
Brisbane written on the private sta
tionery OF Feigenspan showing that Bris-
bane went to Newark to collect the
money pooled by the brewers 1t was
also dated June 81, 1917. and reads:
Received from c. w. Feigenspan,
trustee. on account of note given for
$500. 900 by the Growing Circulation Co.,
$4,000 and 900. total $3.50. 900.
This 100000 Is to be used in tie pur-
chase OF Mr.. Munsey's newspaper In
Washington by me. The balance, $40, 900,
in the near future"
The letter Of Alexander Konta to Dr.
Dernburg, the Hun propaganda who
was expelled from this country for de-
Tending the. sinking Of the Lusitania.
which the Alien Property Custodian de-
clares Is the earliest record of the Hun
scheme to purchase newspapers in this
country for the spreading OF German
follows:
March 81, 1915.
"Mr. Bernhard Dernburg. Ritz-Carlton
Hotel. New York City.
Your Excellency--In re the purchase
and publication Of a daily newspaper in
this country In the interests OF Germany
and the German Government. beg leave
to submit to your Excellency the follow
ing report. in pursuance Of our recent
conversation:
The expense OF the war news service.
combined with a considerable decrease
in advertising, owing to business depres-
sion. has seriously affected the financial
status of several newspapers in this city.
already made sufficiently precarious by
the excessive competition of the last fif-
teen years or 80. With the standard
price OF the American newspaper down
to one penny they have shown serious
loss on each copy sold. which has had
to be met entirely out OF advertising
profits.
The consequence has BEEN. and this
state OF affairs continues. that most OF
the daily papers in New York have been
published at an annual loss, which has
had to be met by constant loans in Wall
Street, which, as a rule, Is content to
take its profits indirectly-in abstention
from hostility to it's doings II not in posi-
tive support of them.
Evening Papers DO Better.
"In the field OF the evening news
papers conditions are better. In fact
the morning papers publishing also eve
ming editions look to the latter to cover
their losses and show a proht. Thus
1t is the Evening Journal that earns
much money. whereas the New York
American Is run at a loss. The morn
ming World comes out about even. &C
cording to common report. but the Ere-
ming World prospers. The morning
Sun has been a heavy loser for many
a urar
has spent money so recklessly that 1t Is
seriously embarrassing. But THE EVE
MING SUN is an increasingly sound bus
mess proposition.
What is true Of the morning paper
that issues no evening edition Is also
true OF the independent evening pa
per: that is, those that have no con-
nection with morning paper The
Globe has cost its proprietor consider
ably more than 100000 already. but
they are Standard on people and can
stand the loss The Evening Mod has
borrowed 30 much money that 1t can
never show real profit. The Evening
Post is in debt for its straits. TINS
paper. undoubtedly the ablest newspaper
in America and probably also in the
English speaking world. Is published at
three cents Yet the cost excellence is
$4,000 daily copies) that II simply can
not make both ends meet
Leaving out OF the reckoning the
Herald with it's EuentrD Telegram, the
Tribune, which is part OF one OF the
great fortunes OF America and which Is
the hobby OF the young and energetic
son Of its chief owner, Mrs. WhitelaW
Reid: the Times, which prospers. and
the World, which. like the Tribune, Is
part of an enormously rich estate, we
have in the morning field THE SUN
the Press. the Morning Telegraph and
the New York Commercial.
Whether THE SUN is actually fol-
sale ! have carefully refrained IRON
inuuiring into before the time for &C
ton is right. Certain it is that Mr.
Reick made a despairing pilgrimage tt
Europe last summer in the wake OF
rich American in search OF sl'ooo'ooo
which he failed to get
.aThe drawback of THE SUN is tina
| It is not a member of the Associated
Press, and consequently must rely 10
| its news upon its own news service. tn,
so-called Laffan service. This paper.
! need not say, has an exceptionally hlgi
| reputation for it's foreign news.
THE Press changed hands less thai
/ a year ago, and its old owner was 81
! delighted to get it off his hands that h
| made his managing editor n present o
$4,000 out OF the purchase price
Whether the new ownership has grow
tired Of its bargain yet remains to b
| seen.
1.-THE Morning Telegraph can b
| bought at any moment. This is nv
cent paper, which has endeavored to b
a sort OF New York Guulois. 1t ha
| ID iev
| affairs; in fact, It's field is deliberatel
local and confined chiefly to the ga
life OF the town, sports, &C. 1t woul
have to be remodelled from beginning
| to end.
1.-THE New York Commercial is
mere skeleton Of a newspaper. whic
| has tried for years to compete wit
the Commercial Advertiser. 1t has n
| Associated Press service and has al
/ ready lost 100000 In 1907 the own
ers were on the point OF stopping II
publication altogether. l mention
only as a last resort.
| "In the evening field we have, a
already said. the Evening Post, tn
Evening Mol and the Globe.
Would Face Heavy Initial Loss.
1.-THE first of these would give its ne,
| management at once an influence tina
can hardly be computed. Notwithstand
ing its small circulation It reaches a
parts OF the country. the editors OF tn
provincial press accepting 1t as an un
Improbable authority and following II
lead. A change from cents to / cen
per copy would be necessary and
heavy loss would have to be looked 70
at first
1.-THE price quoted for the Evenin
Mad by it's editor, who. controls tn
| stock Ia 81 900 900 IL the control of th