The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1869-02-16
The.:.3aHsdin''s.
RICHMOND. : md, FEB. 10th. 1859,



Manton Marble. e
ct Jon betsf8--69gsG Sza 9GtaHn &
HISTORY. OF \ LxADINa D.NocRATIc JOUR
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The instances Of Journalists pure and
simple achieving financial success, are SO
rare AS to be well worthy of recording.
Mr.. Manton Marble has just purchased
the remaining quarter interest in the
New Yosk World for felQ0,Oo0, and is
therefore now the sole proprietor of that
Some eleven years since Mr.. Marble
was student at the Rochester New
York; College, where he was being aided
by a wealthy gentleman who had discov-
cred his abilities. On completing his
studies he came to New York, and call
ing upon o friend asked his advice as to
what vocation he should follow. He
was advised 70 go into Journalism. He
accordingly proceeded TO Boston and
secured q position on the Evening Trav
eler as theatrical reporter He soon
made his mark there, and returning to
New York, took the position Of art and
dramatic critic during the incumbents
absence on . foreign tour. After the
latter's return he wrote for the Evening
Post at 50 much per column. Having
been thus employed for some time, he
made trip to the Saskatchewan river
region. Returning ho shut himself up,
closely for several weeks, end at the end
of that time produced some sketches Of
the territory he had explored, which at
tracted considerable attention in Har-
per's Magazine. ee-o'~v ressxsvs
When the World was projected in The
spring of 1860, Southern gentleman,
whose acquaintance he had made in this
city, advanced $4,000 with which he
purchased that amount Of the stock. He
at the same time went into the concern
as managing editor, Mr.. Spalding being
editor in chief. As the stock began to
depreciate and assessments came thick
and fast, the religious and qother stock.
holders were glad to almost give away
their stock. Marble quietly scooped in
oil be could. believing the time would
come when it would be worth something.
At length, in 1862, he had obtained a
majority Of the stock. The paper was
then apparently on its. last legs 1t was
running rapidly behind hand. could pay
but for very little news, and it's immedi
ate decease was looke,i for in Journals
tic circles.
Then it wss that Mr.. Marble called up
on some OF the leading Republicans, and
represented to them that he must have
assistance in order to keep the paper
running. The Tribune and Times were
on such a firm financial basis that he
could not hope to publish the World as
Republican Journal unless sinews of
war were provided by the Republicans
as party. They were not forthcoming,
and Mr.. Marble decided to try the Dem
ocratic tack and see how it would work.
The Democracy then had no reliable
organ in the city. He began with a yell
against arbitrary arrests, quickly follow
ing with pronunciam ento for Horatio
Seymour, then running for Governor
against General Wadsworth. Down,
down went the Worlds circulation until
it was next to nothing. Then the tide
turned with the acquisition of Democrat
ic subscriptions, and the paper has con-
tinued to pick up ever sirce.
Mr. Marble has continued to purchase
the stock when it could be obtained, un
til he now has the whole thing in his
possession. AS another evidence OF his
financial prosperity, he has recently pur
chased a splendid residence, on FIFTH
avenue for $85,O00. Socially, Mr.. Mar
BILE is one of the most charming and fas
cinating Of men. He has, however, I
great aversion to public speaking, ant
will invariably remain away from ban
quet or dinner if there is any danger Q
his being called upon to respond to
toast. He has certainly had mos
wonderful and extraordinary career.