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Show By W. U. Toleffr.h.l N. T. SOLD. New Y'ork, 1G. Fifty-one fhares of the capital ook of the "Tribuno" association, constituting a' majority, wen sold to-day to Wra. Ortou. Tho parties going out, besides Sinclair and tho representatives of tho estates of the dead proprietors, are Geo. Kipley, Whitclaw Reid, Jno. Hay, Thoo. N. Rooker, Philip Fiizpatrick, Patrick 0 Kourke and J. C. Ayer. Kach of the old proprietors was earnestly requested re-quested to retain at !ea.-.t a part of hi6 stock. Reid and Hay refused, ono sellbg $40,000 worth and the otl or $20,000. Ripley, Kooker, Fitzpatriok and O'Rourke consented to retain barely one share each. Doctor Ayer sold eight of his fourteen shares. Of the fifty-one shares purchased, it is understood un-derstood that eight havo been reserved for Schuyler Colfax who will he invited in-vited to assume the editorship. Reid was requested to remain, but announced that immediately on making tho sale be would tender his resignation. Acting editor-in-chief Hay, also declined to remain editorially coonooted. Other resignations from the staff have sinoe beon tendered. Mr. Orton then requested re-quested Reid as a personal favor to remain re-main in charge for a little time, continuing con-tinuing the policy unchanged, lie consented to remain during the present weok. It has been for fortv-eicht hours uncertain to which sido the ealo would probaby be mado. The majority of the trustees who desired to oontinue the paper on the basis of Greeley's oard with Reid at its head, needed only eighteen shares of the stock to secure a clear majority. Reid offered to buy these at $10,000 a share cash, or at a considerable larger price on time, but Sinclair had secured enough of them to prevent him from makiog ap the number, Reid and Hay also offerd to pay Mr. Sinolair $350,000 for his own shares and twelve of the bank estate. Mr. Orton gave Mr. Sinclair $350,-000 $350,-000 for his own shares and twelve of the Clark estate whioh he controlled. All the other trustees insisted that Sinolair was bound, under the by-laws of the association, to sell to them before soiling at the name price to an outside party. Sinclair claimed to be under obligations to others which he oould not discharge save by completing the transaction for fifty-one shares with Ortoni It is reported that ex-governor E.D. Morgan, ex-surveyor A. B. Cornell and others of that wing of the Republican Repub-lican party, are to unite with Orton in carrying the stock on the final sale. Sinolair retained three shares, as it is understood he desires to oontinue as publisher. Those siding with Reid and Hay were George Ripley, Thomas N. Rooker, Philip Fitipatrick, Patrick Pat-rick O'Rourke, Oliver Johnson. C. A. Rumple, John F. Cleveland, Groeley's brother-in-law, who represents his stock and a part of the Greeley estate. |