The Birmingham age-herald., 1920-01-21

him that at least in his newspaper ven- lures, which have been many. he has ai
 the outset acted upon definite pur
 pose. He was willing to make eXperi- ment as in Boston with a well estab- liShed newspaper there; also in Philadel
 phif, even some years ago in New York;
 ventures which expermentahy made
 were carried on for sufficient length ol
 time to prove to him at large cost tha'
 wha atever his plan was it could not De execited.
 Before Mir Munsey bought the New York Press he had paid out somethins like a milton dollars hy making these experimental tests in various cities He was able to part with his Washington newspaper upon terms which, when the balance was struck showed he was abou' even on the venture. He has taken back his Baltimore newspapaper property ana is still experimenting with 1t aithouSh he recently seaid that he began to DC confident that the Baltimore experiment would be successful.
 When the remark was made to him lbv friend that million dollars was a good deal of money to cast away in mak- ing newspaper experiments, MT Munsey ouaintly replied, some men keep yachts, keen newspapers The large fortune which he has accumulated in other pub lication work and in successful invest ment in securities and real estate made # possible for him to undertake these newspaper ventures which were unsuc- cessrnul They did not, however, dis uade him from the purpose he had in mind years ago of ownership and direc- ton of an influential newspaper, national in it's character and widely recognized by it's name. and to be developed into one of the greatest of newspaper ventures. MIR. MUNSEY AND THE SUN MT. Munsev has never been able to se- cure absolute control of the New York Sun But his inability to do that is due. he thinks, to peculiar obstaney, stead fastly maintained, by the owner of block of five shares of the New York Sun stock. That owner has not been tempted even by the offer of an almost fabulous price for each share of stock to part with it. But with the exception of this block of five shares. Mir Munsey him" self, without any associates. is the owner of the New York Sun property
 He is now investing almost million dollars in equipping the new editorial ana publishing department of the sun ms department has been established Tn one rortion of the building. long of national repute. as the great store building when was erected years ago by Az T. stewart, and in which as long as he lived he nam tained the business which brought nm great wealth and the reputation or pelns the foremost of American merchants,
 This publication and editorial oiilces will be completed in a few weeks ai- though already they are in somewhat ln- convenient use. When perfected they Wlh nrobablv represent the finest and ner- haps the greatest editorial and pubiica- tion offices maintained by any newspaper in the world Yet just as this invest ment was made of a million dollars TOT editorial and publication purposes, MT Munsey invests, nobody knows now many millions excepting himself ana the trustees of the Herald property, where bv he secures ownership of these proper ties.
 Furthermore. while the investment of a million dollars for publication ana ed- itorfal department is under way, MT. Munsey bought one of the finest of the town office buildings which was erect