New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-18
ADVERTISEMENT

tractivcly presented decent and trust
worthy pictures of men, women and
events Altogether the task undertaken
in this direction was to tell promptly and
accurately the happenings and occur
rences that were not sensational but Of
real Importance in the affairs Of the
people. This supplemented the general
news Of the day intelligently and
quietly presented and with editorial
Interpretation that was fair and informa-
tive The columns Of TIE TIMES were
open without money and without price
for the presentation Of views honestly
differing with the opinions of THE
TIMES, and this was practiced TO an ex-
tent never Heretofore done by a news
paper. All Of this soon gave The TINES
the reputation that its readers could ex-
pect full and Trustworthy information re-
garding any and all angles of the news
In the very first political campaign dur
ing the regime Of the present manage
ment such was the fairness and impair
TALLY Of TIE TINES news reports that at
its close both the Democratic and Repr.s-
Gcan managers of the National Commit
tees voluntarily sent letters Of thanks
and appreciation to The TINES manage
ment.
We began on Aug. 18. 1896, with a
daily issue Of 1890, over half Of which
were returned unsold, and, as said be-
fore, with a deficit of $1,000 a day.
The gross income for the first year was
1851 ,423, and at the end of the year the
deficit was $6s,12167. The second year
the deficit WAS 1850; but in the third
year the balance was o,252 on the right
side and has been so increasingly every
year since. The gross income for the
period Of twenty-five years has
been, in round figures, 100000 900,
every dollar of which, less an
average of s125,O00 a year withdrawn
from the business and distributed as
dividends, has been expended in making
THE TINES what it is today. Not one
dollar of the 100000 was a gift OF
a gratuity, but every cent legitimate
= i.
outcome for those who own the shares
of The New York Times Company and
who have been hopeful and patient for SO
many years, but it has also been a happy
and encouraging result for the country
and particularly for American journal
ism.
There was time when it was no
secret in financial circles that The New
York Times Company had limited re-
sources and that it was an active Dor
rover, and this gave rise to speculation
as to where the necessary funds were OBJ
tanned As result, wild and stupid
conjectures were given currency
whenever it suited the purpose Of
malevolent persons to attempt to dis
credit the newspaper. Among the
stories were these: That there was Eng
lish or foreign capital in THE TINES;
that traction interests were owners or
controllers; that certain political fac
tons were backing" it; that depart
ment stores were financially interested;
that well-known Wall Street concerns
directed lis policy, ard variations al
libitum. The truth is that from the day
I assumed the management of THE
New York TIMEs-twenty-f five years
ago today-I have been in absolute and
free control, and no man or interest was
ever in position to direct or demand of
me to do anything with THE TINES, and
no one ever attempted to do so. So far
as the management of THE New YORK
TINES is concerned we can say, without
fear Of any contradiction from the
thousands who in the past twenty-five
years have been employed on THE TINES,
that never line appeared in its columns
to pay real or imaginary debt CT 10
gain expected favors. THE New YORK
TINES owes no man or interest any sup
port or goodwill that it does not owe
to every good man and worthy cause.
The operations Of so large an enter
prise, including real estate transactions
and large building construction, of
course rcauired canital and tie