The New York herald., 1921-08-18
A 25TH ANNIVERSARY,

| been uuQST my uuIeStriCIcu SoieAoA'
So 1t may be fitting that l render
an account of my stewardship to
those who have made THE New YORK
TIMES of today possible-its readers
and take occasion to make clearer
the forces that are truly directing anu
influencing It's conduct. I am reluctant
to strike the personal note that may
manifest itself in this recital Oh the ms
tory of THE New YORK TIMES, as II mas
been my endeavor to have the public as
well as those who are associated IN Great
ing the paper regard it as an institution
and. so far as possible and feasible make
innersonal the treatment Of news and
its Interpretation. The human element
however, enters into all OF mans actlvi-
ties and it fortunately exists in the con-
duct of newspapers. newspaper II
possible freed from the frailties OF hu-
manity. with no sense of responsibility,
no sympathies, no prejudices, no milk
OF human kindness, would be nuisance
and a plague, an excrescence on the
bodies social and polite, and would be
despised and Stunned and consequently
without influence and altogether an
unnecessary evil. We have made an
effort to make THE New YORK TIMES
a creditable human institution. We
are confident we can leave 10 others
to say to what extent we have succeeded,
and whether this effort has con-
tributed to the general welfare and to
gaining respect for the honesty. integrity
and patriotism of American newspapers.
am pleased to be able to say that
THE NEw YORK TIMES is firmly estab-
iished as an independent conservative
newspaper, free from any influence that
can direct or divert its management
from a righteous and public-spirited
course. II is within itself financially
independent and in the enjoyment OF
large and increasingly profitable legiti-
mate income from circulation receipts
and advertising revenue-in the aggre-
cate probably the largest income of any
newspaper in the world The net result
OF its operations is beyond the earlier
dreams OF those who are it's chief
benefciaries, and fortunately they
hau
that can give them greater joy,
satisfaction and comfort. I wish that
thought could find lodgment in the minds
Of those who may be inclined to believe
that some ulterior object may at times
Trasrs. and that they may understand
that. being free from pecuniary necessity
ar personal greed. no sane man would
voluntarily forfeit the confidence and
goodwill OF intelligent people by degrad-
ing himself through loss of his self
respect or the surrender OF his inde-
pendence Persons may disagree with
Tnr Nrw YoHK TrMEs-with its treat
ment OF news and its views thereon
bus there r. no ground on which they
can attribute 10 Il base or improper
motives for such differences OF opinion.
TuE Nrw YoRK TIMES is an open book
and may be taken at its face value;
a is no worse than Il may seem to
appear rs faults are those OF human
faflbTity and we cherish the knowledge
that AZ ieast in purpose II is better than
we have been able TO make It appear.
on this occasion OF the twenty-ffth
anniversary Or the present management
wish arst 10 make our grateful
acknowledgements 10 the several hundred
thousand readers of THE NEw York
TfNrs who have expressed by their
patronage their endorsement % the kind
81 Newspaper We are endeavoring TO
produce We are fully sensible OF the
fae, that oar editorial position on public
questions has not always had the unani-
nous approval % our readers; many
honestly differ from us: bat whether we
are right or wrong our views are not
directly or Indirectly presented with any
thought that they may please or displease
reader We do not now nor have we
ever sought readers because OF our
favorable or unfavorable attitude toward