The Press: Purchase

When the late Frank A. Munsey, as head of a string of cut-rate grocery stores, first began to dream of newspaper grandeur, there entered his employ a young Canadian named William T. Dewart. Mr. Munsey owned the Mohican Hotel in New London, Conn. Mr. Dewart became a bookkeeper there. Last week, aged 51, Mr. Dewart ap- peared as the purchaser of the late Mr. Munsey's New York Sun and New York Evening Telegram, together with the Mohican Hotel and other New London properties. Somehow Mr. Dewart had financed the purchase individually, even as...

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