The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-18

that if The Times lost more than
$4,000 a month Conn would make
the difference good. However. in
stead of showing any loss, The
Times paid for all of its mechanical
equipment and also had a surplus
at the end of the first year.
An incident in Richmond, Va,
played an important part in Hutch
ms parting with The Times. To
help the campaign of William Jen'
nings Bryan for President in 1896,
Hutchins invested 100000 in a
paper in Richmond. This resulted
in a total financial failure within
three years and in 1901 Hutchins
declared he was through with EeWs-
papers and it became known that
The Times could be purchased.
Through a Washington broker,
Frank A. Munsey acquired The
Times, on November Is, 1901, the
consideration being $1,000 in cash.
Thus, the, paper started by the
printers on $1,70O took Jump of
1888 in value in the brief space
of seven years.
Operated Two Editions.
Mr.. Munsey operated the two
editions of The Times, morning and
evening, for a year and in Novem-
Der, 1902, he dropped the morning
paper. Finding Washington thor
oughly responsive to a live, wide.
awake and progressive newspaper.
Mr.. Munsey decided to make The
Times a real factor for good in
the National Capital.
IiTin fn- 1Nf nl1
Lawrence Hotel in K street between
Thirteenth and Fourteenth streets,
Mr.. Munsey erected on this site the
building which bears his name and
on December "a, 1905, The Times
moved into this structure.
For seven years Mr. Munsey con.
Quoted the afternoon and the Sun
day morning editions of The Times.
In December, 1908, he discontinued
the Sunday morning Times and es-
taDllshed the Sunday afternoon
Times.
The Washington Times continued
under the ownership of Mr.. Munsey
until July, 1917, when the paper
was acquired by Arthur Brisbane,
chief editorial writer for the Hearst
newspapers. In taking over The
Times, Mr.. Brisbane stipulated in
the contract that should he be un.
able to meet the payments, William
Randolph Hearst should have first
option on the property. Accord
ingly, Mr.. Hearst acquired The
Washington Times in 1918
Made Metropolitan Daily.
Immediately The Washington
Times was converted into q metro
politan daily, an intergral part of
the transcontinental chain of Hearst
daily newspapers, having at its
service all of the master journal.
istic geniuses in the Hearst organi.
cation. including Mr.. Brisbane, the
worlds greatest editorial writer re.
nowned writer's, illustrators and car.
toonists and several telegraphic,
cable and wireless news agencies.
That the acquisition OF The
Washington Times by Mr.. Hearst
was a popular move and that Wash.
lngtonians appreciated the compli.
ment paid the city by including it
in the coast-to-coast chain has been
evidenced by the steadily increasing
advertising and circulation growth.
Vigorous Policy Marks Paper.
From its first issue, The Wash
ington Times has been regarded as
Washington's most independent,
progressive and militant newspaper,
never content with merely printing
the news, but suppleInenting it with
vigorous editorials in advocacy Of
movements for the betterment and
upbuilding of the city. No civic
movement for the development Of
Washington has ever lacked the
support Of The Washington Times.
In addition it has inaugurated
various campaigns for civic bet
terment on its own responsibility
and pressed toward the mark Of
successful conclusions.
In May, 1921, Mr.. Hearst dis
continued the Sunday afternoon
Times and substituted the, Sunday
Morning Times, a super-newspaper
consisting of seven wonderful sec.
tons, identical with those which
had contributed toward the amaz-
ing success Of his Sunday papers
in other cites. In November, 1922,
the Sunday Morning Times was
consolidated with The Sunday
Washington Herald, just acquired
by Mr.. Hearst.
This is by far Washington g
greatest and most popular news
paper, its circulation of $4,000
every Sunday exceeding by many
thousand the circulation of its
nearest pomnafitnr