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

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THE STORY OF "THE SUN"

Munsey for a place as office manager and to the church
for a place in the choir. He got both jobs, the choir
salary eking out the twelve d(ollars a week which Mr.
Munsey paid him. So well did Dewart suit Munseywho was only too eager to have somebody lift from him
the burden of financial detail-that within eighteen
months Dewart became htliad bookkeeper of Iulnsey's
Red Star News Company, assistant superintendent of the
MIunsey publishing plant, anl auditor of the MIunsey
businesses. In 1902, he was ma(le treasurer, without
bond. of the Frank A. MAunsey Company, and in 1903,
when E. J. Ridgway retired as general manager of the
company. Mr. Dewart, then twenty-eight years ol(, succeeded him as vice president, general manager, and treasurer. In 1907, when Mr. M1unsey raised his salary to
fifteen thousand dollars a year, he wrote to his young
lieutenant: "Your advance over the lheads of all others
in the business, starting at $12 a week a few years ago,
tells its own story."
For the next eighteen years MIr. Dewart's responsibilities grew with the rise of Mr. Munsey's fortune and the
widening of his activities. He personally developed from
a small beginning the Iohlican stores, now in more than
fifty cities. He was the financial director of enterprises
which included a dozen newspapers and magazines, the
Mohican stores. the MIohican TTotel in New I,ondon, the
MIunsey Trust Conipany in Washington, and a vast
amount of real estate. Mr. Munsey's faith in his general manager was such that when he was in lEurope and
money panics swept the l nited States he did not even
offer advice to Mr. Dewart. When he wished to buy
another newspaper-he spent nearly $20,000,000 in this