McC

Having sold their nickel weekly Liberty to Bernarr Macfadden, Publishers Robert Rutherford McCormick and Joseph Medill Patterson last week negotiated the sale of the factory which made Liberty's cheap paper at Tonawanda, N. Y., to International Paper & Power Co. for $4,000,000. But the rumor that they would retire further from the publishing business, that they would sell their Chicago Tribune to William Wrigley Jr., Albert Davis Lasker et al. (TIME, April 13) had by last week lost most of its steam. First direct quotation of Publisher McCormick on the subject appeared in the form of a note to Managing Editor Edward Scott Beck, on the Tribune's bulletin board:

"Dear Mr. Beck: I have not dignified the rumor of the sale of the Tribune nor do I intend to do so. But if any of our people are worried you can tell them the Tribune will not be sold in my time.

"Sincerely yours,

"McC."

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