The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-05-15

TIE FoREIGN News ExPRRss.--The cry OF
!" humbug," and the attempt to make the public
believe that the foreign news by the Halifax ex-
DOWN the
new mode of attack has been commenced by those
papers who do not choose to join the enterprises,
aided and abetted by Spectators. They would
destroy the present arrangement, and on its ruins
build up another which would answer their ends,
by enabling them to anticipate the publication OF
the news, and operate on the markets to the dis
advantage OF the business community. Mono
poly y Is the cry now, and the following Is the
style in which the charge is made =
hoNopoLy.-It appears that same halt dozen papers
In Now York under the title of the Associated fress
monopolze the telegraphc lines, to the exclusion OF
other journals We agree with of the papers. that
If the telegraph TO he prostutcd by those having its
control-in exercising favoritism, granting to GER
tain elilues the monopoly of the wires-the sooner
there wires cut and the posts thrown down, the
better for the community at large Cotae5ia South
Caroinian.
Such charges as the above have not yet made
their appearance m any of the papers OF this city,
notmembers of tho association; but there are IN
terested persons who will, and do, give currency
TO any story likely TO destroy public confidence
in the foreign news arrangement OF the combined
press.
Now, this great monopoly" of the foreign
news express is very simple matter, and will, UNI
doubleday, be sustained by the public. II was got
up and is run, for the express purpose OF prevent
ing private speculation and that it accomplishes
the purpose, is clearly proved by the opposition
selves, who are rendered perfectly powerless by
the immediate publication of the news
1t has succeeded beyond our most sangune
hopes, and may now be considered firmly csta-
blshed. In no single instance has IT failed and in
no Instance has there been given wrong or dis
torted view of commercial matters In fact, 1t is
of inestimabe value TO the whole commercial COM
muniy, and sho uld receive cordial support In
no other way can our merchants protect themselves
from the merciless fleeing OF speculators.-Bost
Journal, May 10.
TIE HALIFAX OVERLAND ExPREss.-The con-
diton of Europe seems more and more troubled,
each successive arrival brings later intelligence.
The Cambria reached Boston Friday her news,
however, anticipated by the enterprise of the New
York press through the overland despatch from Hall
fax to the Bay of Fundy thence by steamboat to ST.
Johns and from that place by electric telegraph The
Cambria reached Halifax on Thursday morning, and
her news was published in the New York papers on
Friday morning in less than "a hours after her arrival
The steamer reached Boston on Friday morning
that for the pleasure of anticipating only "a hours the
regular arrival Of the steamer at her American port tho
New York expend about thousand dollars for
each express This seems hardly worth while, and
matter Of account does not pay but as indicating
indomitable spirit of enterprise 1T has its merit.
greater merit stand that is one for which the whole
country is under obligation to the New York press ia
that by this arrangement the possibility Of running
private expresses is defeated and hence the public
guarded from speculations founded knowledge thus
acquired The arrangement by which the press OBJ
tains this is strictly guarded that not line
whisper of the despatch 1t is reeled of by the cleo
trio telegraph in New York is permitted to trapspire
outslae OF the Wnere IL Is received until the
whole Is completed and copied off by manifold writer
These copies being ready for each of the associated
papers the doors unlocked, and forthwith the
bulletins Of the newspaper offices appears the despatch
while from some of the offices 1t is immediately issued
in extras. In this way perfect fairness is secured
all are on footing all through the unrequted
TO any immediate results, enterprise of few
papers But TO: this, expresses would be whenever
news OF an exciting nature received Mt Halifax by
private houses, and they would the information
thus acquired to speculate upon those ignorance of
the ground upon which the speculation was made. In
instance since this enterprise has been operation
has the slightest ground Of suspicion been given that
the press any portion of it, used the thus OBJ
tanned ut its cost for its benefit in speculative