Arthur Walter made agreements with American firms to sell the
Encyclopædia Britannica and was also responsible for establishing the
Times Book Club. Walter's father died on 3 November 1894 and he became the new chief proprietor of
The Times. He remained so until 1908, when the newspaper was converted into a company, and he was the first chairman of the board of directors of the company that bought the newspaper. Walter was also a Lieutenant Colonel of Volunteers, a Director of the London & Southwestern Railway, High Steward of
Wokingham, and a member of the Travellers' and Union Clubs. ==Private life==