The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-10

requirements. The policy on which he had
based the HnRALD-for he had dis
tinct and well defined policy although
independent of political parties-was
the support of the constitution under Whatever
government; the advocacy of all wise and lib
eral measures by whoever originated; the
Judgment of an administration by it's acts, and
not by the standard of party; the encourage
ment Of oil projects calculated to stimulate the
growth and prosperity of the United States
and of the city of New York as the commercial
metropolis Of the Union. Mr.. Bennett persist
emily adhered 10 this platform of principles
laid down by himself; he bent all his great
energies and the influence of his paper to the
task of carrying out his policy, and the HERALD
has consequently grown with the growth.
strengthened with the strength and prospered
with the prosperity of the country and the
metropolis
The first prominent innovation made
by the new journal upon the old man.
agement of the press had been ito
open declaration of political independl
ence. The next was the origination Of
the money article, entirely independent Of the
operators and based on sound principles of
political economy, to the study of which Mr..
Bennett had devoted much time, and on
which, during his leisure hours, he had pre-
pared series of lectures. The appearance of
these articles shook Change like an earth
quake and caused panic among the specula-
tive fnanciers. But their value was soon
made apparent by the influence they exercised
<1,al Is - ~
nation and Of the city, and by the support
they brought to every new enterprise in steam
boat navigation and railroads that came before
the country In 1897 Mr. Bennett commenced
the now famous HERALD SIP news establlsh-'
ment, by purchasing rowboat, manning il
with crew Of q captain and two men, and
sending it out to intercept vessels, obtain their
news and gather lists Of arrivals. This put
the HERALD at once on a par with the large
papers Of the day, and soon enabled it to sur
pass them in it's marine intelligence now such
a valuable feature Of the paper. Mr.. Bennett
found good friends in the pilots shipmasters
and packet ship captains, who, themselves q
bold, energetic set of men, appreciated the
wonderful enterprise Of the new journalist, and
always had files Of papers and their ship re-
ports ready for the HERALD boat 1t is signi-
ficant and gratifying fact that the HERALD has
continued to this day to enjoy the valuable
friendship Of these true-hearted men. So pre-
vious to the establishment of mail steamers
across the Atlantic, Mr.. Bennett, through his
tact and energy, constantly secured foreign adj
vices in advance of his contemporaries, and by
this means obtained great advantage over the
other city papers. But his genius and
enterprise, crowned as they were by
success SO rapid as to be almost
beyond credence, soon drew upon him
storm Of opposition. His independent
political course and his exposures Of the tricks
Of the Wall street rings of those days arrayed
against him an army of party leaders and
financial operators. His OUTLAWS for news, in
creasing year after year-nay, month after
month-as his receipts became larger, dealt
such staggering blows at the slower and
statelier journals that their senses became be-
wildered, and they looked in blank dismay at
the little sheet that was leaving them so far
behind. The HERALD was declared RESPONSE.
BILE for the revusion of 1887, but it only in
creased the fame of the h-discussed money
article In 1888 an event happened that gave
a new impetus to Mr.. Benefits journalistic
ZEAL Ocean steam navigation became an es-
tablished fact by the crossing Of the Atlantic
by the Sirius and Great Western, which arrived
in New York in the spring Of that year. While
others were specializing on the event or ex-
pending their time in admiration Mr.. Bennett
Enthusiastically seized upon it for the benefit
of his paper, Up to that time there had BEEN
only occasional letters from Europe published
in the American press. These were picked up
as opportunity offered and no journal had any
organized system Of foreign correspondence.
With the future in view Mr.. Bennett quietly
went to Europe on the return trip of the Sirius,
bent upon establishing foreign agencies and
making arrangements for the transmission Of
intelligence and correspondence from all parts
Of the Old World. He was thus early the
pioneer in what is now one Of the most inl-
posing features Of American journalism.
On Mr.. Benefits return the opposition
gathered new force, and the result was q pow
erful and organized effort in 1910 to crush the
HERALD 1t was the most wonderful crusade
against individual enterprise ever recorded in
history. 1t not only failed in its object, but it
had an effect exactly contrary to the intentions
Of its originators. 1t brought Mr.. Bennett and
his paper more prominently before the world.
It caused thinking men, who had not pre-
viously met with it, to read 1t, and they at
once discovered that it was an interesting and
important journal The curious were induced
to look into it, and found it unexpectedly bril-
liant fresh and sparkling; for the old Metro
politan dailies had sought rather to drag the
HERALD down than to keep pace with its pro-
gress, and as the effect Of q magic
room, 80 the sprightly HERALD shone
the brighter in the gloom that enveloped
the ponderous journals of the day. The cir,
kbo 81, ircr