The Waterbury Democrat., 1931-02-27
New York World Has Passed Out And The
 World Telegram In
In the Early Hours of This Morning Judge Foley Gave His Decision and the Famous World Ceased to Exist

New York, Feb 27.-(UP)-The New York World. a nationally known institution, passed out of existence to-day and in its place was born the World-Telegram, an afternoon paper dedicated to perpetuation of the in- dependent ideals of two of America s greatest liberal journalists-E. w. Scripps and Joseph Pulitzer, ST.
 This consolidation was accom- plished in the early hours of to-day shortly after Surrogate Judge A. Foley ruled favorabiy on a petition filed by the Pulitzer trustees to altei. terms of the Pulitzer will by selling the Morning, Evening and Sunday Worlds. Foley held, in substance. 1t was not only the right but the duty of Pulitzer's sons-Ralph. Jo- seph and Herbert-to dispose of the financially unprofitable newspaper properties to conserve estate assets for the Pulitzer heirs.
 Formal acquisition of the World papers by the Scripps- Howard in- terests, publishers of the New York Evening Telegram, was made just before thirty newspapermen' s symbol for the end-was written on the World. The newspape which had achieved reputation as one of the pre-eminent liberal and crusad- ing journals in the country, had been operated continuously by the Pulit- ber's since the family acquired it in the latter half of the last century.
 Upon taking over the, World as- sets, Roy w. Howard. chairman of the board of Scripps- Howard, raid as first !nstallment $500.000 said to be the largest such payment ever made in a newspaper deal in this country. The Pulitzers. meantime, announced they would set aside from proceeds of the sale $500.000 "to be distributed among employees under the terms of the plan to be an nounced later"
 Howard already had agreed that a second payment of $500 900 would be forthcoming in 90 days. The total purchase price. it was under stood. was $5,000,000.
 The sale came as the climax of a dramatic 56-hour struggle on the part of various interests, backed by millions of dollars, to acquire the World papers. Yesterday Paul and advertising man. withdrew as a bidder, while David Stern. publisher of the Philadelphia Record, and Frank Gannett, who owns a group of eastern papers. entered as con- testants for the purchase. In the background, fighting to keep alive the papers to which they had de- voted many years of service, em- ployes of the World in cooperative association vainly sought delay of the sale. They announced that they had pledges from employees and other sources totaling s600.000. ex- elusive of the promise of one rom inent man to aid with s1.000 900 and of others to give $100.000.
 After Foley rendered decision adverse to them, represe natives of the 2,800 World employees appealed hvs., letter to the Pulitzers and Howard for stay of sale until they could mobilize their finances. They said their appeal was based, not primarily upon legal grounds. but upon moral right" to fight for their own welfare, and to avoid increas- ing the seriousness of the nnemploy- ment problem. James W. Barrett, longtime city editor of the Morning World and leader of the militant em- ployes group. announced there would be to-day a conference with the as- sociation's attorneys to de>ermine whether any legal recourse remained for them.
 Howard saw in the founding of the World-Telegram not "the death of the New York World but its re- birth.' He pledged continuation of the policies (which have made the