Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1869-05-14
sELF.MADE MEN.

The New York correspondent Of the Gin.
cinnad Gosette writes: Ii /. curious fact
4 that near'y all the successful newspaper men
/ u nsw York are what may properly be call
Cd ''sslf made " Henry J. Raymond, who
made he Iiaes, and is in the front rank Of
journalists, worked himself up from the low
est round 10 the ladder. In 1913 he wrote
lettefs for the Cincinnati Chronicle. for
which he received about two dollars each.
he made living at that time chiefly by
eorfesp spondiug for out Of town newspapers
The Times would now sell for 81. 10000
and Raymond Is still at its head. Horace
Greeley started the Tribune without capital.
Il is now one Of the most valuable pieces Of
ne#spaPer property here, and Greeley is
still ut It's head The Trjauae association
haF', | understand, declared quarterly
digi8eHd OF thirty per cent It's shares are
worth $4,000 The par value Of which is
81 600 The He4ald was started by James
Gordon Bennett his capital being brains
fana industry. Bennett is now worth nil
lion, and bis paper yields clear profit Of
500 jJ per annum. Manton Marble took
the World when il was an experiment. He
had no money; the paper was not paying,
bat be was aided by capitalists. He built
up the paper made it profitable, and IS BOW
sole proprietor 1t yields handsome and
annual income. Charles A. Dana was, for
sevetal years, managing editor Of the TriJ-
'0ss. lie was subsequently editor of the
Chicago Republican, but did not succeed
He came back to New York, and, in com
pany with others, bought the SIN, which.
under bis management is already great
success. The circulation Of the SIN, on the
lst If Sanuary. 1869, was 81 600. Il Is
now 4, 600 and growing rapidly. The .Sa,
is two cent paper. The profits on the cir
cala'igu are very small. Of course. but it gets
plenty Of advertising at twenty-five to fifty
cents per line. The New York people ad
ver.isc Literally. and ray big prices.
The 1lessrs Brooks, Of the Ecpress, are
also selfmade men. believe they started
the EfpyesS, ana are still managing it. | DO
cot know wbo started the Post, but W C.
Bryant has been identified with it, if not
from the beginning, at least Tor a great many
years His capital was made up Of brains.
Il is very profitable paper. The old pro-
pfiators Of the Journal Of Commerce. are
dead. Il pays largely Bonner, Of the
Leager, is worthy Of remark 10 this conuec
ton, although he does not run a daily pa
per lie went into the Le{qe from the
case, and now publishes one Of the best and
most profitable weekly papers in the world,
and completes successfully with Vanderbilt
ia the horse line Speaking of Vanderbilt,
reminds ma that he laid the foundation Of
bis prosperity He began on brains, and
now, at ripe old age, has his brains in
good order, and about seventy millions Of
money But have not space to go into
this class Of self-made men. 1t is fact,
however, that nearly all the wealthy men
-- i'@,t0 Sle1l 9vI frt ,Li"c-; anu thcFe-
fore, know how 10 keep them; but as it is
generally il this country, so it Is here; rich
mems sons are Of very little account: and
rich mems sons in-law are usually Of the
same kind Therefore, large fortunes rare
ly pass 70 the third generation. Society isaH
the better tos this If the descendants Of the
rich men of New York should be as success
full iu making and keeping money as their
faticss, q few families would soon own the
Island.