The Hall brothers were conducting the _Call_ and the two papers were consolidated, and on Monday, May 3, 1886, the paper came out with Vol. 1, No. 1 of the Seattle _Daily Press_. A weekly paper was also run in connection with the daily. Mr. Hill ere long acquired the entire ownership of the paper. He was a shrewd, capable business man of untiring industry, and under his management the paper became a valuable property. Interests in it had been sold and bought back from time to time, and at the time Mr. Hill closed out his ownership Harry White held some of its shares. At that time the paper was absolutely free from debt and had a good bank account and was making money for its owners. Mr. W. E. Bailey, a wealthy young man from Philadelphia, had large interests here, and he became the victim to an ambition to conduct a big newspaper. Under these circumstances Mr. Hill had no difficulty in getting his price for the _Press_. Mr. L. S. J. Hunt of the _Post-Intelligencer_ conducted the negotiations and made the purchase and at once transferred the property to Mr. Bailey. He made important additions to the mechanical department and engaged a large news and editorial force, whose chief instructions were to make a clean, live newspaper. At the time Mr. Hill bought the _Chronicle_ it owned the Associated Press evening franchise, which was its most valuable asset. In passing, it is proper to note the fact that the present _Times_ is the lineal successor of the _Chronicle_, and while for a brief period there was a break in the legal succession, it may be truthfully said that the historical succession to the Associated Press franchise is derived from the _Chronicle_ down through the _Press_ and the _Press-Times_ to _The Times_ of to-day. The consolidation of the _Chronicle_ and _Call_ threw a lot of printers and newspaper men out of employment, including Thomas H. Dempsey, the foreman of the _Chronicle_ office. The latter was a keen business man and a competent printer. He and the late Col. George G. Lyon and James P. Ferry at once organized a new company, and secured a printing outfit that served their purpose temporarily. The same day, May 3, 1886, that the _Press_ was issued, No. 1, Vol. 1 of the _Daily Times_ also appeared. Seattle, then a little city of about 10,000 population, was thus the proud possessor of three daily papers. The starting of these two papers just preceded the "boom" in Seattle real estate, when the volume of advertising was vastly increased as well as population of the city, and both papers made money rapidly. February 10, 1891, Mr. Bailey bought the _Times_ from Lyon and Dempsey, paying for it $48,000. He had paid somewhere from $20,000 to $25,000 for the _Press_. He consolidated the two under the name of the _Press-Times_.