Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-05-16
MORNING HERALD.
THURSDAY. MAY 40. 1880.


street, or the New school Prcs-dcch"eS ~
fermcr-growsh Of the latter.
The daily newspapers, published IN 'nis city, are
divided into two classes, conducted entirely diff
ferent systems and tending to altogether dnerent re-
salts in politics. morals trade and finance The wall
street forms what may be called the Old School,
decaying element of past age; the Ann and Nassau
street. or the New School press, may be considered
the vigorous, the fresh, the inspiring element OF
new race and a more renovated age.
In 1893 III. Ann street, or cash press, was begun,
and at this moment there six daily newspapers oil
class, conducted with great industry, originality and
talent, and suing each morning sirty.ice thousand
sheets and read by probably 800 900 readers These
papers are named follows: the "Herald'-the
eSuno-the .sTranscrpt'-ths "Whig"-the "New
Er.o-the "Despatch." In the manufacture and
distribution Of these papers, there are nearly
thousand persons engaged editors, printers, car
riers sellers, and boys of all kinds. In the city
they have subscribers-every paper is sold to the
men and boys who make handsome living in spread
ing them over the city. They have also large
country circulation.
The cash system on which these papers are estab-
ished, is the great secret Of their power, influence
and independence. In six years. by the force of In
aasry and talent alone, in opposition to both parties
to all the banks in Wall STREET.-THE corrupt Judges
TO pIeJuuiCeu JuTles-to vioicnt persecution, tniS
portion of the press have risen from nothingness to
the greatest popularity and inAuence-the most
princely forunes-and the prospect of long run of
nsefulness in the great of civilization. 1t is
instance Of TIE power of mind and industry over
mere animal matter and money, that the history Of
the world cannot parallel
Such is brief picture of the small daily press
Quoted the cash SYSTEM during the first six years
of its existence.
The Wall street press consists Of five morning pa
pers, the Courier and Enquirer" the Journal Of
Commerce, the "Daily Express" the ''Times," and
the Gazette four evening papers, the "Star,"
the "American,' the post" and the Commercial
Advertiser-in all nine daily papers ,ciM aggre-
gate circulation of about ticeire thousand papers.
principally distributed among spectators, hypo-
critics. jobbers, bankers brokers' and political
and moral rascals Of all kinds. This branch of the
press entirely in the hands of the banks and specu
lators. 1t is conducted the credit system, and
they cannot exist week without going to the banks
with caps off to get discounts.
In consequence Of this original sin in the system,
the whole Wall street press is the unchanging agent
Of those who to cheat the country-and particu
larly, who desire to palm off schemes of all kinds
upon the Industrious the middle, and moral classes
of society. Many of the attaches, writers and edi-
all the relations Of life the instruments they
conduct. Bankruptcy, speculation, seduction, and
every kind of roguery and decentralization sap
ported by the parzans Of this press In politics the
same. Hitherto the Wall street press has attached
itself to the party in opposition to the government
in opposition TO the great Of the people, and that
is the that the wings have been recently
ed in the election in this city. These corrupt ras-
Gals have also affected to support the cause Of trade
and commerce. but the mercantile interest is begin
ming to fad out that this delusion, that
every wild scheme and wicked speculation is taken
mp by these newspapers in order TO enable the rogue
Of Wall street 10 cheat the unsuspecting community
every where. The Wall street wspapers also pre-
tend to great morality, while, crafty the malicious
purposes Of their nstigators, to foist political
roguery on the country they never hesitate to vio-
late every social principle and to libel every man or
woman that stands in their way.
There never existed in any country PERHAPS. SO
corrspt, lazy, so rotten, so demoralized so silly
so preposterous press the Wall street press in
this city Without talent, without tact, without in
dustry, without morals, without mind, or any enc
quality 10 recommend il, by the aid Of the specula-
tors and rotten bankers, has been enabled thus far
60 weather the powerful competition Of the light
airy, intellectual witty, and energetic press Of Ann
and Nassau streets. Bat the victory is now in the
hands Of the latter. In 1892, and g. the whole public
mind in the hands Of the Wall street press-and
hence, under the influence Of the corrupt principles
ofthat quarter. Their aggregate circulation then was
at least 20,cce papers per day. In 1928 the cash
newspaper press, now congregated in Ann and Mas
streets first started. After six years Of I'M
RENTED tol-every species Of prosec ution-the in
iuence Of corrupt judges-the whole intrigues Of
Wall street-joined by the prayers Of hypocrites,
rotten parsons rotten bankers rotten politicians the
Wall street press has been reduced in their ciroua
tion, from 10000 per day TO I20Oo-and the Ann
and Nassau street has been, in the same time. in
creased from ITO 5000 per day.
This is not all. The best and most profitable bu,;
ness OF newspapsr-the advertising-is also fa,,
leaving the Wall street press, and as rapidly accu
mulating on the Ann and Nassau street Journals
This portion Of public patronage is the last TO come
10 any new paper system and the last 10 leave
it-but the great middling interes-the great moral
interest Of this country-equally removed from the
corruptions Of Wall street. and the licentousness Of
Thomas street, are now completely with the new
school press-the independent press that is sold for
: or cent per copy Hereafter, also, the influence
" TINS portion of the press will decide all political
contests The Wall street press have lost all their
power ana ihhuence-and every day their subscrib-
ers ana advertiser are leaving them.
Such is the presses, position Of the persp,n,r