The Albany register. [volume] (Albany, Or.) 1868-18??, 1870-01-29
Self Made Men.


successful newspaper men In New York
are what may properly be called ''self-
made" Henry j. Raymond, who made
journalism, worked himself up from the
lowest round in the ladder. He made a
living at that, chiefly by corresponding
for out-of- town papers. he Times would
now sell for 81 ,25O. 900. Horace Gree
ley started the Tribune without capital.
1t is now one of the most valuable pieces
of newspaper property in New York, and
Greeley is still at its head. The Tribune
Association have, [ understand, declared
a quarterly dividend of 30 per cent. Its
shares are worth 81 900, the par value
of which is 81 1000 The Herald was
started by James Gordon Bennett, his
capital being brains and industry. Ben
net is now worth millions, and his paper
yields clear profit Of S400, 900 per an
num- Mr.. Manton Marble took the
World when an experiment. He had no
money, the paper was not paying, but he
was aided by capitalists. He built up
the paper, made it Profitable, and is now
sole proprietor 1t yields handsome
annual income. Charles \. Dana was,
for several years, managing editor of the
TriLame.- lie was subsequently editor of
the Chicago Republican, but did not sue
ceed. He came back to New York, and
in company with others bought the San,
which, under his management, Is already
a great success. The circulation Of the
SIN on the 1st Of January 1869, was
81 900. 1t is now $4,000, and growing
rapidly The Sun is a two cent paper.
The profits on the circulation is very
small, of course, but it gets plenty of
advertising at twenty five to fifty cents
per line The New York people adver-
tise literally and pay big prices. Hence
the Sun, which could not be published
in Cincinnati, is here very profitable.
Business men believe in advertising, and
to this, in large part, is due the extra
ordinary growth OF the city. The Sun
is printed exclusively on Bullock presses.
which seem to be the perfection of print
ing The machines are much cheaper
than the Hoe press-print both sides at
once and require no feeders. The ex-
penses in the Hoe press room are 5000
per week less than they would be if the
Hoe presses were used. The Herald is
also running Bullock press and has or
dered a second The Messrs. Brooks, of
the Erpress, are also self made men. /
believe they started the Etpress, and are
still managing it. do not know who
started the Post, but William G. Bryant
has been identified with it, if | mistake e
not, from the beginning, at least for a
great many years. His capital was made
up of brains. 1t is very profitable
paper. The old proprietors of the Jour
nal Of Commerce are dead. 1t pays
largely. Bonner, of the Ledger, is wor-
] thy Of remark in this relation, although
he does not run daily paper. He went
into the Ledger from the case, and now
publishes one of the best and most profit
able weekly papers in the world, and
completes successfully with Vanderbilt in
the horse line. Speaking of Vanderbilt
reminds me that he laid the foundation
of his prosperity. He began on brains
in good order, and has made seventy
millions in money. But | have not space
to go ito this class of self made men.
1t is fact, however, that nearly all the
wealthy men here made their own for
tunes, and, therefore, know how to keep
them; but, as it is generally in this city,
so it is here; rich mems sons are of very
little account; and rich men s sons. in law
are generally of the same sort There
fore large fortunes rarely pass to the third
generation. Society is still better for
i this. If the descendants of the rich
men of New York should be as success
full in making money and keeping money
as their fathers, few families would
soon own the island