OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, December 08, 1911, Image 9

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1911-12-08/ed-1/seq-9/

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NEWS ABOUT CHICAGO NEWSPAPERS
The average reader in Chicago
probably imagines that Chicago
newspapers are foes of trusts. Biit
that's because he doesn't know
that the Standard Oil company,
the steel trust and the beef trust
haven't cornered oil, steel and
meat as the daily newspapers of
Chicago have cornered publicity
in Chicago.
YeaVs ago, beforei Hearst broke
into the Chicago field, the
Daily Newspaper Association
was formed. The members then
were The Tribune, The Times
Herald, The Record, The Chron
icle, The Evening Post, The Jour
nal and The Daily News.
They got together and organ
ized what was called the Daily
Newspaper Association of Chi
cago. The first article of the by-laws
read as follows :
"Certificates of stock of this as
sociation shall be signed by the
President and Secretary and shall
bear, the seal of the Association.
"Such certificates shall be de
posited with the Treasurer as se
curity for the faithful perform
ance of the contract entered into
by each stockholder with the As
sociation." Even at the outset they didn't
trust each other, so they all
hocked their stock with the treas
urer "as security fof good, be
havior.. It wasn't a gentlemen's
agreement. We don't know the
reason for this. It may be that
some of the members were not
quite sure which of the publishers
;were gehjtlemeiy ' j J ,
Anyhow, each of the seven
members got one share of stock,
one share for each of the news
papers. It was provided -that the
remaining shares of stock "shall
be kept in the treasury until such
time as the same shall be sold to
the proprietor of such Chicago
newspaper as may be . selected
from time to time by the UNAN
IMOUS VOTE OF THE
HOLDERS OF THE OUT
STANDING STOCK OF THIS
ASSOCIATION."
It will be noted that here was
an airtight combination. No ma
jority ruled. No other newspaper
'could break into the game except
by unanimous consent v of the
iseven already in the field.
" It was provided in the by-laws
that the board of directors "shall
have power to manage the affairs
of the Association and to do all
acts, not inconsistent With the
Act of Incorporation and the By
Laws, which they may deem for
the best interests of the Associa
tion." '
For the time being we will pass
over some of the provisions in thisr
newspaper trust agreement, andj
come to the one referring to labor
unions. This part of the by-laws
jn the original agreement read as
follows :
"In case of a dispute between
a stockholder of the Association'
and any of his or its employes, or'
any of the labor unions of which
his or its employes may be mem
bers, or newsboys, carriers, news-
dealers or news agents, the ques-"
tion at issue may be submitted by1

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