Monday, Feb. 04, 1929

Wyckoff Suit Withdrawn

Last week in the New York Supreme Court the action for separation brought by Richard D. Wyckoff against Mrs. Cecelia G. Wyckoff, publisher of Magazine of Wall Street was withdrawn.

Max D. Steur, lawyer for Mrs. Wyckoff, said: "This marks the end of all litigations between Mr. and Mrs. Wyckoff."

Mr. Wyckoff had contended (TIME, Dec. 10) that Mrs. Wyckoff had gradually cajoled him out of ownership of the Magazine of Wall Street which he founded in 1907 as the Ticker Magazine. This apparently was not the case. Mr. Wyckoff turned the management of the magazine over to Mrs. Wyckoff when he discovered that she was making it show a profit. In the early years she accepted stock instead of salary. In 1926 the Wyckoffs signed an agreement which severed their business relations, giving Mrs. Wyckoff complete control of the Magazine of Wall Street. Mr. Wyckoff received $500,000 in 7% bonds.

The withdrawal of the suit last week was a complete vindication of the domestic ethics and business practices of Mrs. Wyckoff.