The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-06-28


About the middle of September the new radi-
cal penny paper, which has been talked Of for
some months past, will, we understand, GER
tainly make its appearance. After such long
promise we are entitled to conclude that II will
not disappoint the expectations of those inter-
ested in it 1t will be edited by Mr.. G. A.
Dana, formerly managing editor Of the Tribune,
who, so tar as the executive details of journal
ism are concerned, brings to 1t fair share of
experience. or his political views it is not
necessary for us to speak. II is to be pre-
sumed that, extreme though hey are, there
must be considerable number TO sympathize
with them; otherwise, so smart a business man
as Mr.. Dana would not embark in speculation
so hazardous. We have q radical morning
paper which occupies portion Of the field
intended to be covered by Mr.. Dana's labors,
and this new paper will supply the evening
demand for that kind Of political reading
Between the two the good people of our city
be seen whether they may not get more than
they want In that case one or other of the
rival journals must 60 under.
The new paper is to be penny one. On
general question of competition that fact
would not be in its favor. If it was intended
to run it against the leading dailies it would
fail in the effort simply because it could not
stand the expense. 1t does not profess to do
this. 1t enters directly into competition with
one of them only. It's projectors are under the
impression that they represent more correctly
the views and aims OF the party than the con-
ductors of the sheet in question. II they are
correct in this opinion they will succeed in
spite of their modest beginnings It may cost
them large outlay; but in these times people
who start newspapers must be prepared for
such risks.
The HERALD in the commencement led off as
a penny paper. At that time enterprise sup
piled the place Of capital; for enterprise was
Dana, propose to run the machine on party
tracks. We knew better than that We saw
field before US that was unoccupied, and we
plunged confidently into it. An Independent
journal was then the great want of the coun-
try. The appreciation of the fact and the con-
seriousness of the ability to supply it stood us
in place of capital. Our success raised host
Of competitors. About twenty penny papers
were started, with more or less money to back
them. or all these the Sun alone remains.
Our rivals endeavored to initiate us in all but
the essential point They forgot that it was to
our Independence and freedom from party ties
we owed the greater share of our success, and
they fell into the hands Of political schemers.
The result was, Of course, failure. The oppor-
tunity which they lost they can never recover
The HERALD occupies exclusively the ground
which they might have divided with it. It Is
only possible for new competitor to strike in
among the party organs and this merely whore
the feeblensss or crotchets Of the existing jour-
nails afford . chance for rivalry. This Is the
opening which Mr.. Dana and his associates
believe they have found. It remains to be seen
if they are correct in the conclusion.