The Waterbury Democrat., 1931-02-25
his negotiations that Block had withdrawn as a prospective purchas-

 withdrawn as a prospective purchas- CT.
 Howard pictured the Telegram as a. growing paper. which he had &C., quired with 0 187,00O circulation four years ago. Since then a prac- tically new circulation had been built, with. only slightly more than 25,OOO of the original subscribers retained so that at the last official publication. the circulation stood at 236,581. The contract of sale pro- vided for assumption of the name and good will of the World but not for purchase of its building or equipment. Howard described the proposed price as the largest on record for good will and name. so- far as he knew, while banker, Fred J. Fuller. as trust advisor of the trustees, placed an estimate Of only 100000 on the properties. The good will and name, he held, were of no great value since the World was losing money.
 The hearing had been necessary because stipulations in the will of Pulitzer were such that a sale could not be made without such auth ority. Pulftzer's wish that the publication of the World papers be continued as public institution had been carried out hitherto but at growing loss recently.
 The World founded in 1860 by
 lexander Cummings and bought la
 l. by Pulitzer from Jay Gould. rail- iad man, for $346,000 achieved anne as fearlessly independent ampaigner against what it held to De political wrongs. It's founder came from Hungary, swam ashore from the beat at Boston during the Civil war to claim q war bounty and lived to become one of the foremost figures of American journalism. His battles with Tammany chieftains and with President Roosevelt, his drive for the Hughes life insurance investigation and his combats with James Gordon Bennett of the Tele- gram and with William Randolph Hearst were among the markers on his path to wealth and fame.
 He was q contemporary of D. w. Scripps who in 1878 founded the first of the newspapers of the pres ent Scripps- Howard organization as Pulitzer was establishing the St Louis Post-Dispatch, both were fight ing newspapermen though of differ- ing types, Pulitzer attacking politi- cal matters and Scripps, economic.
 Pulitzer in 1912 was involved in a libel suit brought by President Roos- evelt over financing detail of the Panama canal purchase, but won Once an editor of his in St Louis was involved in the shooting of a policeman. Pulitzer had war on Boss" Croker of Tammany.
 Pulitzer went to congress. He had been a supporter of Grover Cleve- land, but he did not hesitate to at- tack Cleveland when the latter pro- posed a private sale of gold bonds. Pulitzer won, forcing a public sale, in which incidentally he was em- barrassed by finding that he had profited $50.000 by buying $1,000.- 900 worth of bonds in moment of patriotic enthusiasm.
 In 1877 he established the Even- ing World and three years later he built the World building which with its IA stories and tower was Q 'skyscraper" in the gay nineties.
 In that same period Hearst entered the New York field, and a battle royal followed. Hearst entrenched himself but did not shake the foun- dations of the World. When the Spanish American war came, Pulit- ger opened new era in war report ng by spending fortune for cor espondents. dispatch boats and ables to beat his Hearst, rival.