New-York tribune., 1920-01-15
Purchase of All Bennett
Newspapers by Publish
er Also Includes Edition
Being Issued in Paris
Two Wills Filed
By Former Owner
One Providing a Home
forJournalistsStipulated
Papers Should Continue

otu cSCAluR Ouu
Mr.. Munsey has bought all the pub
locations of the late James Gordon
Bennett, it is announced, including
besides 1.-THE New York Herald" 1.-THE
Evening Telegram" and "The Paris
Edition Of the Herald"
The announcement follows:
"The New York Herald" has passed
into the hands of Frank A. Munsey,
who has purchased all of the publish
ing interests Of the late James Gordon
Bennett, consisting of 1.-THE New York
Herald" "The Evening Telegram" and
"The Paris Edition of the New York
Herald"
"Mr. Munsey will tell you in due
time of his plans for these newspapers.
"RODMAN WANANfAKER,
GUARANTY TRUST COMPANY.
Executors of Estate of James Gordon
Bennett"
May File Single VIII
At the Office Of "The Sun" it WAS said
last night that Mr.. Munsey had no
statement to make. At "The Herald"
early inquiries regarding the transfer
OF the property surprised the en-
ployees, who had not learned that the
newspaper had been sold to the owner
Of "The Sum-"
"The Herald" this morning publishes
the following editorial:
"The future Of The New York
Herald under Mr.. Munsey.
Announcement is made by the
executors Of the estate of the late
James Gordon Bennett-Mr Rodman
Wanamaker and the Guaranty Trust
Company-that Mr. Frank A. Munsey,
owner OF The New York Sum- THE
baltimore News and the periodicals
bearing his name, has purchased all
OF, the Bennett newspapers, The New
York Herald The Evening Telegram
and the European edition of .The
Herald published in Paris.
1.-The transfer of these properties
represents probably the most notable
newspaper deal in history.
Mr.. Munsey, in due time, will make
known his plans and purposes with re-
gard to his newly acquired newspapers
Readers Of The Herald may have con-
fidence that this newspaper, under it's
new ownership, will continue to main
tain the high ideals in journalism
which have characterized it from the
day of its foundation by the elder
Bennett.
Friend Of Mr.. Bennett
"Mr. Munsey and the late James
Gordon Bennett were close friends and
were always In sympathy in their ideas
with regard to the functions and the
duties of the newspaper. The sale of
the newspaper to Mr. Munsey is in ac-
cord with the spirit of Mr.. Benefits
will. his chief desire as therein ex-
pressed being that THE Herald be
continued and developed, to be an en-
during monument to it's great founder.
Like Mr. Bennett, Mr.. Munsey is a
believer in, and exponent Of, one-man
direction, and, like Mr.. Bennett, Mr..
Munsey has no other interests save
his publishing interests, and that
means his chief concern always is the
interest of the public.
In the ownership Of "The Sun" and
properties, he has no partner. He has
none in the ownership Of "The Herald"
and its associated newspapers.
Of chief interest to its readers is
the assurance that under its new own
crship "The Herald" will continue the
policies which nave marked it through
out its wonderful history, and that in
the future, as in the past, it will be
found always standing firmly for an
undiluted Americanism and battling
valiantly for the best interests of the
American people.
The announcement Of Mr.. Wanna
maker and the Guaranty Trust Com
pany followed closely on the heels Of
rogate's court to reopen the probate Of
James Gordon Bennett's American will.
1t was stated in the application that the
purpose of this move was to file Mr.
Benefits French will and have both
documents probated together as q
single instrument.
Whether such action will give the
American executors the power to dis
pose of the French property of Mr..
Bennett is not indicated in the petition,
nor is it indicated that this Is the in
tended purpose of placing the French
will on file here for probate.
Home for Journalists
In his American will, filed for pro-
bate last July, Mr.. Bennett directed his
executors to create as memorial to
his father, the founder of "The New
York Herald" corporation to be
known as "The James Gordon Bennett
Memorial Homo for New York Journal
ists." This institution, he stipulated,
was to provide comfortable home or
pccuniary aid for persons no longer
able to care for themselves who had
been employed for at least ten years on
daily newspapers published in Manhat-
tan.
This institution, Mr.. Benefits will
set forth, was to be maintained by the
continued publication of "The New
York Herald" and "The Evening Tele-
gram"
In this connection Mr.. Bennett said
in his will:
at is my desire and will that such
Memorial Home Corporation shall own,
and as soon az the due administration
Of my estate shall permit receive, and
that it shall hold as long az practicable
all capital stock Of the New York Her
aid Company and tho New York Herald
Company Societe Anonymc FRANCHISE
which shall belong to me at my death
and form part Of my residuary estate /: