The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-17

in this and other Suites, have for some time
been rendered very uneasy and discontened by
the cratic course of their journal, and reputed
organs In this great metropolis, particularly
their two morning dailies, the 7ribssas and the
Times. The Tribune has been in the habit OF
endeavoring to run the republican machine
with oil the ridiculous isms Of the day IS its
mln's rights in general spiritualism, in its
various phases vegetarianism, including
squashes and bran bread prohibition. Sunday
laws, and Fourierism in oil its shapes and con-
ditions 1t has constantly been found flying of
at TANGENT; now up 10 Niagara 10 beg peace
OF George Sand rs, Jake Thompson aud tae
rest, and 10 offer four hundred million dollars
to tho Southern shareholders az q bonus !; aud
row down to Richmond TO proffer str wv bail for
JEFF Davis. The effect OF its freaks and vagarie3
has been made manifest in tho recent S.ato
elections. The Times, which has never been
distinguished for much force of character, has
been continually trimming its sail, to catch
every anticipated change Of wind. and hauling
in its canvas in alarm rs soon as it has begun
to teel the effect of the breez,.
Such being the unreliable and Facilitating
condition OF the principal republican journals
in New York. consultation was some time
since held by the leading men OF thu party in
the city and State. including United States
Senator's Morgan and Conkling, ex-Mayor OPP
dyke, William M. Evarts, Marsh Ill O. Roberts,
loo Charvp,r nx-Couvrosauoau Erodar;cL
Conkiug, William H. Webb, A. b. Cornell,
S. B. Chittenden, Amos r. Emo, William 4.
Blodget., aud others Of equal prominence
which has led TO an important inan-
cial combination, by which II Is pro-
posed to establish new republican
organ in the metropolis, on secure basis, free
from the erratic propens.ties of The Tribune
and the jumping-jack peculiarities OF the
Times. The gentlemen who have undertaken
this enterprise, having secured the cooperation
of the President OF the Broadway Bank (Which
institution enjoys the large profits OF the city
deposits), have agreed to subscribe the follow
ing sums to commence operations :-Messrs-
+. A. Palmer and Marshall q. Roberts, twenty
thousand dollars each Messrs. Morgan,
Conkling, Opdyke, Sherman. Webb, Evarts,
Cornell, Blod yett Emo, Murphy, Chit.enden,
Butler, McMartin, Blake and Cowden, ten
thousand dollars each. These parties COM
mand capital of six hundred thousand
dollars, which will be doubled # necessary to
carry out their purpose. They have purchased
Tammany Hall, entirely remodelled the build
ing, and made arrangements to issue morning
paper, TO be called the Telegraph, and 10
commence its sale at two cents copy, subject,
OF course, to such changes AZ may hereafter
become advisable. This new publican organ
will be under the editorial management of
Charles A. Dana, formerly one OF the principal
editors OF the New York Tribune, in connection
with the brother Of United States Scaator
Conkling Its object will be to check The
tolliss, absurdities, vagarics and vanities Of
the Tribune and Times, and to take the position
OF the recognized republican organ in the
State Of New York.
by large majority OF the leading men Of the
republican party. ms first movement made
by tbs contemplated new orgaa was 70 apply
to the old Associated Press Tor the privilege Of
purchasing their stale, stereOiyped reports.
Fortunately for the parties interested. they
were posi- lively refused admission into the
Association, PRINCIPALLY through the jealousy,
alarm aud narrow-mindedness Of the Tribune
and Times. Since their application was rejected
number Of persons connected with tho
press and the telegraph lines have, we under
stand, formed new and live association for
the collection and sale Of nsws. free from the
absurd restrictions and selfish regulations which
characterize the old Assocation--of which
we are membcr-and have chartered their
company under the laws Of the State Of Connec-
ticut, with capital Of one hundred thousand
dollars, 10 be increased to one million il neces-
sary or desirable. The stock FIRST called for
has been all subscribed and the new and Wig
orous republican political combination to
which we have alluded has taken o large
interest in the new news association, and will
back with its capital AMI influence. Il is
~pbable that Dana will he the President oil
~. Independent Associated Press, while Its
-uGcn! will be in lhe hands OF ID. ii.
cra;g wb, As about TO make a Western journey
!, con,rsc, !, nth such papers ~ may desire to
s.o,ra choir ma We from the now association.
These two INN ortant undertakings will to-
ve,ber work a comp cte revolution In double
direction on tho one band, in newspaper en-
terprise and the manner OF procuring news,
and, on the other, in she po,'sScal 'itusuon o.
the country. The new republican organ wi''
secure better class OF Ncws than it> oiuet parry
rivals can obtain, and wtll soon take with H. III
lie new association, the mast import1N jour,
malls Of the Union; while. In y political ~ VII "
view, Il will create profound sensation s"o
have powerful effect oil oveN the count. =
Taking . conservative position 10 favor Of
Grant for the next Presidency, ana throwing
overheard Chase and the extreme radicals,
st.o.o s.c~ovonta will crrrv Nou YovE next