The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-12-07

| j. Raymond, who--having for two years, while in
| college at Burlington, VT. been valued conlribu-
tor to the literary sid: OF In" New lorker-nau
hied to the city directly upon eraduating, late in
1910 and gladly accepted my offer to hire him at
| So Der week until he corld do better. l had not
| much for him 10 do till the Tribune was started;
then had enough and | In never G found another anoiner
person, barely OF age and just from his studies,
who evinced 90 much and so versatile ability in
| journalism as ho did. Adler and stronger men l
NAV have met clever, reader, more generally ei-
| icient journalist, never saw. he remained WIN
| me eight wears if nv memory serves, and Is the
| only assistant with whom L ever felt required to
demonstrate for doing more work than any hu-
man brain and frame could be expected long to
| endure. His salary was OF course gradually ln-
creased from time to time but his services were
| more valuable in proportion TO their cost than
| those of any one else who ever worKod on the
| Tribune.
| THE ENTERPRISE LAUNCHED.
| About i've hundred names of subscribers had
already bceen obtained for the Tribune" before
its first issue, wnereof printed 5000, and nearly
succeeded in giving away all of them that would
| not SELL had type, but no presses and so had
| t. hire my press-work done by the "token;" my
folding and mailing must nave staggered me Dut
| mail and not very many to fold. The lack Of the
present machinery of Railroads and Expresses was
| grave obstacle to the circulation OF my paper
outside of the citys suburbs but think Its paid
|
and that they increased pretty stesdly at the rate
| of 500 per week. till they reached 10000. My cur
| rent expenses for the first week were about So2o
nv receipts s92; and, though the outSoes steadily
inevitably increased, the income increased in
stlll larger ratio till it nearly balanced the former.
| But was not made for publisher; indeed, no
man was qualified at once to edit and to pub
| lsh q daily paper such as 1t must be to live III
these times and it was not until Mr.. Thomas Nc
| Flratb-whom had barely known as member OF
| the publishing firm over whose store first set
| type in this city, but who was nov lawyer In
good standing and practice-made me voluntary
| and wholly unexpected proHeT OF partnership III
nv etill struggling but hopeful enterprise, that 1t
might be considered fairly on its feet.
| A PARTNERSHIP.
| He offered to invest 5000 as an equivalent to
whatever had in the business, and to devote his
| time and energies to its management on the basis
Of perfect equality in ownership and in sharing the
| proceeds. This very glacly accepted; and from
| that hour my load was palpably lightened. During
the ten years or over thai The Tribune was issued
| by Greeley & McElrath, my partner never once
even indicated that my anti-Slavery, ant-Hanging,
Socialist, and other frequent alterations from the
| straight ard narrow path OF Whig partisanshlp,
| were injurious to our common interest, though he
must ofcen have sorelv felt that they were So and
| never, except when (rarcly) drew from the COM
mon treasury more money than could well be
| spared in order to help some needy friend whom
he judged beyond help, did he even look grieved at
| ANYTHING did. On tn, other hand, his business
management OF tlo cOnceTll, tuOuBu HeYcI Dllildul
nor specially energetic wss SO safe and judiclous
that 1t gave me TO trouble, and scarcely required
| OF me thought during that long era OF all but
unclouded prosperity. The transition from
my four precedin.: Years oI lncessant pecu-
.nent, was ike escaping. irom th' '.iagoon
| and the rack 70 freedom anu sympathy.
| HIS LOSSES BY ENDORSING.
| Henceforth such rare pecnnary troohleH ~ !
encountered were The just penalties q my o"n
folly in endorsing notes ior persons wAo, ~ tIe NJ;
nature of things, could not fationallY b. expected
to pay them. But these penalties arc not to be
evaded by those who, soon after entering respon-
slble lie, ''go into business" as the phrase IS;
when 1t is inevitable that they mus thereby be NJ
volved in debt. He VINO stares on the basis OF d.
pendence on his oNn proper resources, resolved 20
extend his business no furtncr and nc faster Ian
his means will justify, may fairly refuse to led
what he needs in his own operations. OF to endorse
for others when he asks no one to endorse Tor hn
But YOU cannot ask favors, and then cur!'shy re-
| fuse to grant any-borroy and then iroTn upon
| whoever asks you to cad-seek endorsements, but
decline to give any, sud so the idle, the prodlga,
| tic dissoute with the thousands to:c-dOoncd by
their own defects Of capacity, Of industry, or OF
| management TO chronic bankruptcy, Evc upon the
| ealnings Of the capable, thrifty, ard proyIdcnt
Better wait five Years to go into busne5s upon ad-
equatc means Which are properly your own. thar
to rush in prematurely trusting to oa1s, nlor=e-
ments, and the fcrb .arance Of creditors - help
| Won through have squaadcred much hGrd-earn-
ed money in trying to help others who were alrca-
| DIV past help, when not only might but should,
| have saved most OF il il had noVcr needing
help sought and received il. A il is, trust that
nv general obligation has been fully discharged.
| HIS IDEA OF \ GREAT NEWSPAPER.
The Tribune as it first appeared was but the
| germ of what | sought to make 1t. 80 journal
| sold for cent could ever be much NOR, than .
dry summary Of the most important or the mcst
| interesting occurrences OF tho day; ald such -
not a ne spaper, in the higher sense OF TIC t":m
| We need to know not Only what is done, s1- 'hlt
| is purposcd and said, b. those who swGy the des-
tinies of States and realms; and, to this ED, the
prompt pcrusal OF the manlfe3toes OF TaoHarchs,
| presidents, ministers, Legislators c:c., is lndis-
pensabc. No man 10 even tolcrably informed in
our day who does not regularly Keep the run oL
events and opinions, through the daily perusal Of
at least one good journal; and tue ready cavI that
mo one can read" al that great modern journal
contains only proves the ignorance or thCuSHt!e>s-
ness OF the oayer No one person is expected to
take such an interest IN the rEc AID fail OF socIs
tho markets for cotton, clttic, grain, and goods;
the proceedings OF Congress, legislatures and
courts, the poht:c5 OF Europe, and the cyef-saft-
ing phases Of Spanish american anarchy, e., etc.,
| as would incite hlm 10 Gally pcrusal o. the en-
tire contents OF metropolitan city Journll Ol tie
FIRST rank The idea is rather to c:nboGy IN
single sheet tie information daily required by all
those who aim 20 keep posted" on all important
occurrences; so that the lawyer, the merchant the
banker, the forwarder, the economist, the author,
the pOllllClbu, ClC. Hhl lihu AZ
needs to see, and be spared the trouble OF looking
elsewhere, A copy OF great morning journal now
contains more matter than an average l2mo
volume, and its production costs far more while
it is sold for fortieth or hfueth part OF the
volumes price. There i no other miracle Of
cheapness in comparison With its cost which at all
approaches i.
ENORMOUS OUTLAY REQUIRED.
The Electric Telegraph has precluded the multi
pli cation of journals in the great cities, by enor-
mousy increasing the COS. OF publishing each OF
them The Tribune for example, now pays more
than s10OOO pcr annum for intellectual labor IRE
porting included) in and about its Office, and
slOO QUO more for correspondence and telegraph
ng-in other words for collecting and transmit
ting news. And, while its income has been largely
increased from year to year, its expenses have IN
evitably been swelled even more rapidly; So that,
at the close of 1866 in which It's receipts had beon
over 100000, its expenses had been very nearly y
rent for the premises it owned and occupied. And
vet its stockholders were satisfied that they had