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Show TUe Sew YurU "llernltl," New Yoitic, May H.-It la ex. plained thut thu dlsaipearance of JameaUotdon Dcnuetl's name from Iho title pago of the Now Yorx lleratd la due to the fact that the proprietor-ship proprietor-ship of the Journal list been vested in a stock company. Mr. llenuott (eels that In case anything should hair en lo him It Is deslrablo that the properly bo put lu ahapu for proper priasrva-llou. priasrva-llou. Aa aoon as llenuett dolermlned positively posi-tively to bau a corporation bo took lilsuamo oil the editorial page. Town-seud Town-seud mid Mackay had no Interest In the JUrald at tbe prisfut time, uor would he have lu lliu nuw oorporatlou, llenuett Is richer today than he ever was and Is III no llnauclsl dllllcultles The JUrald Is not mortgsged foru dollaraud llunnett Is worth $1,000,000 cltarof debts. "l'osumupthe whole thing," Mr. Townaend iuii), lie la slmi ly going to orgunUe a cor oration to bold Ills nuws. I 1 er I roperty, of which corirallon bo will hold a majority of tho stock. He does this lu order that ho may havu bis piotny lu such shaie Inut If he Is so minded hu could easily Ulii oso if all or a art ol It during his life ami can pattliluu it plainly uud almply ut his death. |