Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1869-05-19
Self-Made Men.

Ihe New \ ork correspondent of
the Cincinnati Gazette writes: 1t
a curious fact that nearly all the sue
cesSiul newspaper men in New York
are what may properly be called
"self-made.n HenryJ Raymond, who
made the Times, and is in the front
rank of journalists, worked himself
up from the lowest round in the lad
der In 1913 he wrote letters for the
Cincinnati Chronicle, for which he
received about two dollars each. He
made living at that time chiefly by
corresponding for out-of-town pa
pers. The Times would now sell for
81 30 900, and Raymond is still at its
head. Horace Greeley started the
Tribune without capital. 1t is now
one of the most valuable pieces of
newspaper property here, and Gree
ley is still at its head. The Tribune
Association have, L understand de-
clared quarterly dividend of thirty
per cent. Its shares are worth So
900, the par value of which is 81 900.
The Herald was started by James
Gordon Bennett, his capital being
brains and industry. Bennett is now
worth millions, and his paper yields
clear profit of 800, 900 per annum.
Manton Marble took the World
when it was an experiment. He had
no money, the paper was not paying,
but he was aided by capitalists He
built up the paper, made it profita-
BILE, and is now sole proprietor. 1t
yields handsome and annual in
come. Charles A. Dana was for sew
eral years managing editor of the
Tribune. He was subsequently edi-
tor of the Chicago Republican, but
did not succeed. He came back to
New York, and in company with
others bought the Sun, which under
his management, is already great
success. The circulation Of the Sun,
on the lst of January, 1868, ,was3l 900.
1t Is now $1,000 and growing rapidly.
The SUMS two-cent paper. The
profits on the circulation are very
small. of course, but it gets plenty
of advertising at twenty-five cents to
fifty cents per line. The New York
people advertise literally, and pay
big prices.
The Messrs. Brooks of theExpress,
are also self-made men. | believe
they started the Express, and are
still managing it. | do not know
who started the Post, but w. C.Bry-
ant has been identified with it, ifnot
from the beginning, at least for a
great many years his capital was
made up of brains. 1t is a very pro-
fitable paper. The old proprietors of
the Journal of Commerce are dead.
1t pays largely. Bonner, of the Ledg
| er, is worthy of remark in this con
nection, although he does not run a
| daily paper.s He went into the I4edg-
| er from the case and now publishes
one of the best and most profitable
| weekly papers in the world and COM
petes successfully with Vanderbilt
in the horse line. Speaking of Van
| derbilt reminds me that he laid the
| foundation of his prosperity. He be-
gan on brains, and nov, 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 seif-made men. 1t is fact,
however, that nearly all the wealthy
men have made their own fortunes,
| and, therefore, know how to keep
| them but as it is generally in this
country. so it is here rich mems
| sons are ofvery little account; and
rich mems sons-in-law are usually of
| the same kind. Therefore, large for
| tunes rarely pass to the third genera
| ton. Society is all the better for
| this. If the descendants of the rich
men of New York should be as sue
cessful in making and keeping mon
ey as their fathers, a few families
would soon own the Island,