The Daily Mercury
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Contributed by klstacy_home
Description: After the Chicago Tribune;
President Nominates Sherwood;
Asst. Sec. Bussey on Pension Law
Newspaper published in: Huntsville, AL
Source: Library
Page/Column: Page 1, Column 7
AFTER THE CHICAGO TRIBUNE
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Evidently Something in the Story That Clarkson is After It
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WASHINGTON, Sept. 11.— There is some truth in the story that J. S. Clarkson, late assistant postmaster general, has organized a company for the purchase of The Chicago Tribune. The leading capitalists in the concern are said to be Andrew Carnegie, Clement Studebaker, John Wanamaker, and two other men whose names are withheld. Two million dollars and upward has been subscribed.
The negotiations have been pending for several weeks. Mr. Medill has been offered $2,000,000 for his interest. The Tribune is credited with earning $200,000 yearly, and Mr. Medill’s figures are about $2,500,000. The liberal tariff policy and independence of The Tribune have not been approved by the great leaders of the Republican party, and these facts, together with the weakening of the party in the west, has made the party managers anxious to get the paper into other hands.
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NEWS IN BRIEF
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A Condensation of Interesting Items on Various Subjects
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The president has sent to the senate the nomination of Henry Sherwood to be postmaster at Washington City, vice John W. Ross resigned.
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Assistant Secretary Bussey has decided that a soldier who was injured in crossing a river on his way to church, under leave, was in the line of duty, and entitled to pension. This is a considerable extension of Gen. Bussey’s already liberal interpretation of the “line of duty” clause on the pension law.