OCR Text |
Show Expensive Business. The Parnellite business has, says a London correspondent, cost the London Timet 130,000. That Is the exact figure, everything included, in-cluded, and it bas been paid by the shareholders of the paper foregoing fore-going their dividend for last year, and for the first six months of this year. The Walters, however, are not losers to the extent commonly supposed, John Walter stands to-w to-w aids the paper lu a two-fold capacity. capa-city. He is the owner of sixteen (hares out or sixty, and the dividend divid-end on each share for 1SS9 was S15.000. Therefore John Walter's loss was, on his sixteen shares $240,-009. $240,-009. But he is also printer of the TTmej, and this printing business Is kept separate from the publishing. publish-ing. He supplies paper. Ink, printing, print-ing, etc., and the profits thereon belong be-long exclusively to blm. On these ho lost nothing, for it was decided that the printer of the payer could not be called upon to bear any shire in the general losses accruing to the publlsblnir department. The whole of the $030,000 bas now been paid off, and as the circulation of tho paper and its receipts for advertisements ad-vertisements have increased, it is reckoned that a dividend of $18,000 will be paid per share at the close or the year. PaU Stall QaieUe. |