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Saint Mary's Beacon
Leonardtown, Lexington Park, Saint Mary's County, Maryland
What is this article about?
The Gazette newspaper sold to a Baltimore joint stock company for $32,000, to relaunch as Baltimore Daily Times on January 1 under managing editor William B. Hazelton, with $300,000 investment. Rumored stockholders include Cresswell, Garrett, Gary, Latrobe, and Hunt. Speculation on future politics and Colton’s role.
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Though the Gazette makes no mention of the matter itself, it seems to be no longer a secret, that the paper has been sold to a joint stock company, all of whom reside either in Baltimore or the State of Maryland. The reported negotiator William B. Hazelton, who will be the managing editor of the new paper, which will appear as the Baltimore Daily Times on the 1st of January next. It is understood that the price paid was $32,000 and that the new owners have agreed to invest $300,000 upon which to commence operations.
Among the rumored stockholders are Hon. J. A. J. Cresswell, Robert Garrett, Hon. James A. Gary, Hon. Ferdinand C. Latrobe, Wm. B. Hazelton and Alderman H. Hunt. The negotiations were closed and the papers signed on Thursday night last.
It is stated that there are to be many improvements and several new features, but these will be best known when the Times makes its appearance. Whether Mr. Colton will continue to hold an interest in the paper or what will be its politics, or how Colton and Latrobe are to make common cause on public matters with Cresswell and Gary are mere conjectures at present, but are of sufficient gravity to induce the question, What Does it Mean?
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Location
Baltimore, Maryland
Event Date
Thursday Night Last; 1st Of January Next
Story Details
The Gazette sold to Maryland-based joint stock company for $32,000; relaunching as Baltimore Daily Times on January 1 under editor William B. Hazelton with $300,000 investment. Rumored investors include Cresswell, Garrett, Gary, Latrobe, Hazelton, Hunt. Negotiations closed Thursday night. Speculation on improvements, politics, and Colton’s involvement with new owners.