, 1872-12-24
THE NEW YORK TRIBUNE.


| "h1teln1v Reid.s Sa1utatorY to the
| Public.
| Special Despatch to TIE Chicago Tribune.
| NEW YORK, Dec. 23.-The Welcome fact has
been established that the New York I1-ibuns
t will continue its career as an independent
| journal, and without change in its edito1iaA
! to1ce,-Whitelaw Reid remaining st the head3a
The Sinclair combination broke down, and Mtif
Orton concluded to do the wsost thing possible@
In an elaborate editorial, the Tribune says: :.
It Ia proper to state that the result OF certai
intrgues and outside efforts to gain control Of the
per, and Trest it from the purpose to which CUE a
chief devoted it. some changes have taken place In taa1
to-day permanently concentrated in the hand6
Of Mr. areeleys chosen editorial associates who1
trusted the management his journal in tho greates
emergencies whom he honored with the confidence ot
his thoughts md Wishes and whose purpose it is
to continue the work from which he WIS go suddenly
called away Their ambition is to make the 1T1bu7.a
Of the future what Horace Greeley would hare made
paper, devoted to the Best interests Of The country
spending its energies and resources freely In the COL
lection Of news, keeping 1ts readers Informed OF
and abroad the progress Of science and useful arts,
speaking its mind freely all questions Of public con-
weakninded and ttruid but keeping Independence na
the best title to honor and usefulness. How far our
every hour the strength Of that Incompatible advo-
cate whom have lost realize fully
than ou18elVeSs but We have ut lca8t this QaeAt10
fo1 work. that have caught something Of his
apirit and learned to know his purpose. That nnr~
pose, he formally announced 1t in his latest wTin
for these columns, to make his Journal thor
oughly than the honest and unfetered champion
Of Repub}icauism, reconciliation and peace. In TAX
ing up the unfinished task which fell from lis hands q
few weeks ago, We happily have the men whom he
lated, and means AMPLE that when few days since
over half million OF dollars paid for the bare
control Of the paper, VIC, knowing the worth q
what Mr. Greeley had built up determined to bid
IL practically without improved real estate, thia
indicates by far the highest price paid for news
paper this continent. But henceforth there IS n
price whatever ut which any stranger can buy it, It I
beyond reach. Sympathizing with all liberal anh
benevolent enterprises, thrustng forward whatever
tending naturally to the party which has been nden-
fed most closely with the progress and glory OF the
Union, but at with abuses, wherever they may.
be found, it shall be what from this day formally
style it at the head Of the editorial columns "The
Tribune founded by Horace Greeley"
In the Tribune Company, as reorganized,t
WhitelaW Reid is understood to Owl fifty sh2rsss
for which he paid Mr. Orton 1851, 900. The cepl4
taliBt who stands behind N1r. Reid in this trans-
action, is the Hon. Walter Phelps, of Eng1ewoodd
clever and stirring young man OF much money!
part OF New Jersey. 11r. Orton thought, origin.
ally, to make the Tribune an Administration
paper, with Mr. Colfax chief editor; but tha
to this end we're unsatisfactory
Mr. Orton then falling to see his way clear to,
SUCCESS in publishing the paper, decided to sell q
share to Mr. Reid, who offered him a
handsome bonus OF $4,000. Mr.. Sinclair is ex1
pected to retire from the publication departs
ment.