THE LONDON TIMES.

Taranaki Daily News, 2 September 1922, Page 5

THE LONDON TIMES.

QUESTION OF ITS FUTURE. By Telegraph.—Press Assn.—Copyright. Received Sept. 1, 9.55 p.m. London, August 31. Sir John St. L. Straehey, editor of the Spectator, writing in that journal, says that in 1908 Lord Northcliffe contemplated the appointment of trustees to carry on the Times as a national institution. Sir John Straehey suggested the appointment of the Lord Chancellor, the Speaker, the Primate and the Vice-Chancellors of Oxford and Cambridge, together with the editor and the manager, in order to represent the elements in the community with which the Times is specially concerned. -It is still unknown whether the idea was adopted in Lord Northeliffe’s Will.— Aus.-N.Z. Cable Assn.

The London Times was founded by Mr. John Walter. On January 1, 1785, he started a small newspaper called the Daily Universal Register, which on reaching its 940th number, on. January 1. 1788, was renamed The Times. John Walter the second (1776-1847), who really established the great newspaper of which his father had sown the seed, in 1803 became not only sole manager, but also editor of The Times. His eldest son, John, who was born at Printing House Square in 1818, became sole manager on his father’s death. He was succeeded by his son, Mr. Arthur Fraser Walter (1846-1910), who remained chief proprietor of The Times till 1908, when it was converted into a company. He then became chairman of the board of directors, and on his death was succeeded in this position by his son John. When The Times proprietary was converted into a company. Lord Northcliffe. acquired a considerable interest in the paper, whose financial position was at that time not very sound. Since then, however, The Times has been completely re-established. In July last Lord Northcliffe was reported to have purchased the Walter interest m The Times for £225,000.