OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, August 27, 1913, Image 1

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

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1913-08-27/ed-1/seq-1/

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ARTHUR THORP OF THE LATHERS TAKES A
FALL OUT OF EDITOR SL O'DONNELL'S PAPER
THE DAY BOOK
An Adless Daily Newspaper. '
N. D. Cochran, .gcglgSfrv Tel. Monroe 353.
Editor and Publisher. tTlaglgi . Automatic 51-442.
500 South Peoria SL 398 By Mail, 50 Cents a Month.
VOL. 2, NO. 282 Chicago, Wednesday, Aug. 27, 1913 ONE CENT
RUMORED THE TRIBUNE WILL BUY
NEWS AND RECORD-HERALD
Make the Daily News the Evening Edition of the Tribune,
Junk the Record-Herald and Starve the Inter
Ocean to Death Financially Deal Goes
Through, Public Schools May Get Land'
Back from News and Tribune.
If rumors around the financial district are true the Tribune is about to
pull off the biggest deal ever made in the newspaper business.
The story is that the Tribune is to buy the Daily News from Victor
F. Lawson and make it the evening edition of the Tribune.
The Tribune will also take the Record-Herald off Lawson's hands,
throw it on the junk pile and thus take one rival morning paper out of the
field.
The Tribune crowd, will then try to get the LaSalle street bankers, who
loaned Kohlsaat money to get the Inter-Ocean, to drop Kohlsaat and let
the Inter-Ocean die out of the morning field, which would not require many
gasps, as the Inter-Ocean has been almost dead for a long time.
But most interesting of all is the story that the Tribune is getting cold
feet on that school land deal, and will build a big newspaper building on
Market street, and move both the Tribune and the News into it, so that the
school land occupied by both papers can be turned back to the Board of
Education.
As the story goes, the Tribune is to organize a $10,000,000 corporation,
and pay Victor F. Lawson $6,00.0,000 for the Daily News.
There are $1,300,000 bonds of the Record Herald that will have to be
paid before that paper can be dumped onto the scrap heap.
Yeara ago H, H. Kohlsaat bought the Thnes-Herald and issued bonds.

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