Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-01-11


PAPER PREss.-A few days ago the two-cent paper,
called the DAILY News, established and conductor
by the Rev. Barney Bates ceased its existence and
went TO another and better world We presume the
editor will now proceed to Navy Island, and
the functions OF chaplain TO the Patriotic force-a
holy post for which he is well fitted. The penny
Sun, auother small paper, recently changed hands,
passing from white owner to a distinguished negro
gem'man, (no abuse of words hope well known IN
ST. Domingo Richmond, and Wall street. Ii is now
entirely in the abolition interest and is the organ of the
whole fashionable tAick-hpped wooly headed negro
race of New York. The New ERA is now a locofoco
paper, and like the Sun and Transcript, is pinng in
wretchedness, want and scaaty supply OF the COM
mon necessaries of life
Among the small daily press there is no, one that
presents any claims upon the public, bat the DAILY
WHIG, which certainly shows some smartness and
may succeed to establish ITSELF if it possesses capital
of $1,000, or $l5,0 Nothing less can establish
small paper now in New York. When gan the
Herald, people thous ht il was foforn hope. In two
years and few months, by effort experience, indus
try and natural capacity have created an establish
ment worth, at this moment 800, 600. would not
sell II for a cent less. The penny press when be-
gan, was in the heyday of its gory-that glory is
dim ned forever The system of the Herald has
withered the influence and prosperity of the penny
press, and opened road for other adven,urers who
may succeed IT they possess capital and intellectual
resources, sufficient surmount the natural difficult
ties which every new paper must meet.
Newspaper enterprise and newspaper property are
peculiar and sui generis. Like poeig a newspaper
Gator mEst be born such, he will never succeed
The small daily press of this city, those established
the cash system, and at two cents per copy, will
gradually only demolish the penny press bat also
IN time undermine the Wall street large papers. At
this moment there is not single large paper yield
lng more than It's expenses, except the Couner, or
the Commercial. Several OF the others are actually
Losing money Conducted on the subscription and
credit systes they do know their losses or their
rotenness, Ill j; be TOO late provide remedy In
all the elements of an intellectual, commercial, and
general newspaper, the Herald IT, at this moment,
superior 10 every other paper in Wall street. Our
dimensions is true, not large bu, our means
and labors efficient We do net publish
each day 50 many stale advertisements as the Cou-
rier, but the expense paper and print thrown away
an trash, much actually saved At a moderate
calculation. probable the Wall street prints throw
away 100000 per annum, in paper, print and press
mems labor publishing stale advertisements tina,
have been repeated day after day. and are in fact mere
verbiage, trash, stuff nonsense.
1t j. from this awful want of economy and IN. rea
sy money principle that the large Wall street pa
Pers must all eventually go down. The two-penny,
even three penny cash daily press first started BY
the Herald, must succeed and bear down equally,
both upon the penny and sixpenny papers. .