The story of the Sun, New York: 1833-1928 / by Frank M. O'Brien ; with an introduction by Edward Page Mitchell ...

CHAPTER XIV
WILLIAM T. DEWART BUYS "THE SUN"
His MAutualization Plan Hailed by Newspapers Every.
where as a Forward Step in Journalism.-A Hercu.
lean Task to Carry Out.
iMs R. MUNSEY died on December 22, 1925, after
an illness of ten days. His will, filed on December 30, 1925, disposed of an estate the estimated value of
which was between $20,000,000 and $40,000,000. Executed nearly five years before he died, the will left approximately $2,000,000 to relatives, friends, business associates, and Maine institutions, including $250,000 to
Bowdoin College, $100,000 to the Maine State Hospital,
and $50,000 to the Central Maine General Hospital.
The residue was bequeathed to the Metropolitan Museum
of Art. Mr. Munsey appointed as his executors William
T. Dewart, his most intimate friend and for many years
his general manager; Richard H. Titherington, who had
been associated with him in magazine work and as secretary of his companies for forty years, and the Guaranty
Trust Company of New York. These executors were
clothed with broad powers in regard to the disposition
of the Munsey newspapers, for the will said:
Newspapers, periodicals and merchandising properties are not easily sold. To dispose of them to
advantage means finding customers for them. This
might be done quickly or might call for five or eight
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