The herald., 1837-03-29
The Monopoly OF the Wall street Press
Brea king mp.
Like signors and rlch burg hers on the flood,
Do oycfpeer the petty trsfiiceis
Our Arsosies with portiy sail


the Herald in its ship news and foreign department
On occasions we have beaten every Wall street
ornt in fishing nm shin news-and exceeded many of
them in the FOREIGN news and the markets. Thepro-
pnetars and editors of the Courier Journal and Ex-
press have been going about the streets, biting their
fingers and enawng their thumbs, ready and willing
10 do eyery deed that would impair the influence sue
cess. riyary, and prosperity of the Herald.
The ruth ought TO be told During the last few
years the Wall street prints have enjoyed an entire
monopoly of the foreign news and the foreign markets
at this port The editors and Proprictors of these
Journals and their particulGr friends, have appro-
priated these advantages their profit and ad-
vantage. Since the famous establishment of the
Wall street News Boat system, by the loan Of S527 725
to the Courier may date the era Of those specula-
tons in the staple articles of commerce and general
merchandise. These specuations were set on loot
and generased by that system and appropriated to the
special benefit Of the few, in opposition to the interest
of the community. On several occasions, It will be
recolected by mercantile man that the Wall street
news establishments concealed the for hours or
days, for some hidden cause then unknown Their
boats went out TO sea-met vessels fifty miles from
Sandy Hosk-and then transported news over Long
Island for tbs special advantage OF the confede-
rates.
This atrocous and unprnciped News Boat system
introduced first by the Courier d. Enquirer and fol-
lowed by the Journal and others, has added TO and
fostered the specuaons Of past years, to an enOr-
nous extent But its reign nearly at close.
We are happy noD 10 announce TO the pubiic-te the
commercial community Of NeD York-to the rhole
Dnion that during the last fere pseks ne hare orgd
nized system Of procuring foreign ners-ship
L.
entirely break doun and trample in the art the spe-
c1latipe system Of the Val street prints During the
past fortnight, the commercial columns of the He
raid have given evidence of the certainty, despatch,
and fsness of our system, and its superiority ever
that Of the Wall street prints. Scarcely two days
have past for the last days. that we have not sur
passed the Wall prints in ship arrivals or
foreign news.
Our new system works very well thus far-yetas
soon as we reach the lst of May, and get arranged in
our new Office, the commercial community may rely
on It's receiving improvements and additions far be-
yond their conception. The news boats in our EN-
ploymenl, have several occasions met ships nearly
one hundred miles outside the Hook and what is
more, their intelligence has been conye yed 10 our
Office, and thence to the public, sometimes one day,
Mt other times day and half before had reached
the Wall street prints. We refer for one illustration
of the truth Of this assertion the arrival of the
Chrstoval Colon from Havana, last week, which we
gave our readers several days. advance of any paper
in New York.
We only in the commencement Of this revolu-
tien--thus breaking up of a monopoly which was
first sc, on foot by the United States Bank-which
first drew its alient from the wages of corruption
From May 1897, we may date the complete prostra-
ton of the unpnncpled, speculative, Wall street press
We shall spare expense-no labor-no efort-no
honesty-no vIgor-to ruin this hitherto unheard of
monopoly, and TO release the commercial community
from the shackes of spectators To accomplish this
revolution, and break up monopoly we ask the aid OF
no bank-no capltaist-and man under heaven
The system by which we conduct the busin, ss con-
Germs Of the Herald furnishes ample funds--a never
failing ofsupply to carry purposes into ex-
ecuton. We do cash business enrely-our weekly
receRss, per cash book, being average Of one thou
saRd doiiars-our erpenses four hundred We shall
spepd the whole surplus money than be baked
Thcvuctvc and liberal patronage Of the community
10 our support. Therefore we are placed beyond the
reach Of contingency, and with the blessing Of heaven
andthe continued patronage Of the people Of New
York we shall, in three months, entirely break up ihs
corrupt monopoly Of the Wall street newspapers, and
set the community throughout the Union, free and in
dkp<ndent. Our Wall Street Reports have already
dimned the local information and destroyed the local
impostures of these prints. Our New Boat system
will ssoa do the same in foreign and ship news.
Tar Gas ImposrrIoss-The trial and decision in
the case of the Manhattan Gas Company before JUS
iice Wiley the other day, bids fair to spirit
the community that will not bs stled tll the terrible
imposons recently practised shall have their fate ir
revocably sealed.
The blessings Of monopoly were never seen in Their
full relief I'LL the gas companies Of New York, whee
died from the legislature privileges without any LEI
or hindrance upon their conduct towards the CON-
munity. The advance in the rates Of travel by the
Camden and Amtoy Rail Road Company is only a
parallel with the Gas companies in this city.
During the closing winter, the impostens practssd
upon the good people Of New York have been unbear
able Under the forms Of n charter an association of
men have been leyying heavy lax upon every man
Of fbuslness-every public institution of the most ex
orbifanf nanre. On many occasions the gas lights
have been so dim and dingy that candles and lamps
had TO be resorted to- We have seen the gas lights
at the Athenaum in such state as to make reading
utterly impossible We also have heard Of numerous
storekeepers, who have been obliged to discard gas
altogether, and take to oil and lamps