The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-09

we shall feel its effect In first rate bnsiness sea-
son. spring and early summer. with maa,gin for
the fall
P1blse Jeurnalism or the Present D.y-Ths
metropolitan and tho Provincial Press.
There is q movement on foot, 1t appears,
among certain politicians at Washington, of the
democratic school Of Southern abstractionists,
6lbusters and Rre-eaters, for the establishment
in the city Of New York of great central ma
tional party newspaper. The project, a. we UNI
derstand, comprehends sinking fund Of one
hundred thousand dollars, and the abandonment
of Washington and the recognition Of this me-
tropolis as the real political centre of the Union
This enterprise, therefore, is due to one Of the
most important discoveries Of the age-the dis
covery, by the parties concerned, that New York,
not only in a commercial, financial, social and
religious sense, but also in regard to our politi
cal affairs, is, de faao the metropolis of the re-
public; and that Washington, the seat of our
federal government, is, after oil, like Boston,
Albany Philadelphia, Baltimore, Richmond, or
Cincinnati, only O provincial town. We have
been under this conviction good many years;
but when it has so far impressed itself into the
thick skulls of our Southern abstraction poll
ticians as to lead them to the experiment here Of
great central party organ, we are furnished
with the strongest evidence that the independent
press of New York has, indeed, accomplished
wonderful newspaper revolution.
Thousands of our intelligent readers fifty
years younger than the 'oldest inhabitant," will
remember the day when the democratic "Thun-
derer" at Washington, and its chief satellites at
Richmond and Albany, raised up and pulled
down politicians and statesmen, Senators, Cover
nors and Presidents, at their pleasure. Now,
| however, we find those once powerful party
juntas, and their organs at Albany and Washing
| ton, reduced to the common level Of town meet
| ings and provincial journals, and the great
"Thunderer" at Washington superseded by a
half dozen hungry and wrangling newspaper
beggars at the doors of the public treasury. In
the meantime the independent press of this city
has risen to the commanding position of the third
estate of the government; and politicians and
party managers and juntas and organs, have thus
| sunk into public contempt under this new me-
dunn of public opinion--the independent press.
l ~
organ at the headquarters of the independent
press is not bad idea. 1t is brilliant concep
ton. 1t is great discovery. 1t is an excellent
device. But the proposed sinking fund Of hun
dred thousand dollars is paltry sum- mere
,bagatelle; for it will not begin 10 meet the de-
imands of the grand enterprise. A hundred thou
eand dollars in the work of starting new daily
81 80 kho
ciated press" will be absorbed in the first year Of
the experiment. To give anything like stability
to such an experiment, it will need sink
ing fund of at least three hundred thou
sand dollars. Nor will this sum suf-
fee to make the paper selfsustain-
ing concern, unless, from the more important
investments Of newspaper experience, industry,
enterprise, TACT talent and independence, the
paper shall be proved at least equal to its older
city contemporaries, and equally acceptable to
the newspaper paying community.
| X At all events, instead of q hundred thousand
as an outfit for this projected metropolitan organ
I or demvcTacy, would seriossly recommend
say three hundred thousand dollars. A proper
building, suitable presses competent editors, re-
porters, correspondents, &C., &C., for new and
ambitious daily paper here, Of the kind proposed,
in the course Of few years will be very apt to
swallow up even half million Of money. In
this estimate of absorption, we of course calcu-
late upon short allowances from an empty trea-
sury, and we include also the gloomy prospects
LOT. the democracy for 1861 Let the parties
concerned in this projected enterprise pro-
oonl @hnn 10 fhasr fhpoa HIM
dred thousand. Good bonds and secu-
rites, in the shape of cotton, tobacco, rice,
sugar, or niggers, will command the cash in
Wall street; for among the saints of Wall
street. ten thousand dollars in niggers, with the
cash price running up, are as good as ten thou
sand dollars in prospective crops Of cotton,
sugar, rice or tobacco All that the fnanciers
of Wall street require are good securities for
their advances, and good humping interest
and punctual payments
" With the completion of these little financial
arrangements, the heavy work contemplated
! will commence. We have had enough of news
paper experience, too, and have seen enough Of
the incompetencies, stupidities, laziness and ex-
travagant habits of your party editors of party
organs, to justify the prediction that from this
point, this new paper, if established, will be a
sinking concern. OF all men in the world, those
Southern abstractionists fire-eaters and fill
busters OF the corps editorial appear to have the
crudest ideas of the value Of time, labor and
money. A conceited fellow Of this class, the
owner and editor Of a party organ, will content
himself with slashing article for the day; and
thus, leaving the business of his Office to take
care of ITSELF he will go off to luxuriate extrava-
gantly among his loafng associates An estab-
lishment managed in this way must inevitably
sink, sooner Or later, according to the limits Of
the loans and credits it may be able to command.
And upon some such slipshod, wasteful, loose