The true northerner., 1873-10-10

tion," one OF the most accomplished and able
editors, who had has long years OF experience
as editor and publisher Of both country and
city newspapers, delivered the annual address,
in the course OF which he said:
There is, perhaps. no avocation which tends'
to create so much ill-feelng, dislike, envy
rivalry, and uncharitabeness among it's mem
bers as the newspaper business. The compe-
tition ID most severe; the net profits OF the vast
maj jority OF publishers are exceedingly meagre,
when compared with the labor care and capital
required. And this tends to make publishers
watch and prey, not with. but on, each other.
The patronage of the business Is. at best, Inn
tied, and difficult to increase. The politicians
and place-hunters take advantage OF the rivalry
between publishers to embitter them yet more,
and cause them to defame and blackguard each
other in the most shameful and ridiculous
manner. Editors are used as the special
champions Of the Office seekers And what re-
ward do they give for these services The
crumbs that fall from their tables, and the
bones they have already Picked OF all employ
ers, demagogues are the ones that exact the
most service for the least compensation"
And Q little further along he gives his ex-
perience on another feature Of the business Of
publishing country newspapers, which is we'll
worthy the candid consideration OF the people
Of every community.
"As rule two papers OF the same politics.
published in the same town. works badly. They
are sure to produce dscord in their party, and
divide 1t into factions. An other evil is.
that 1t puts one or both concerns completely
| under the control Of scheming cques or rott On
| rings, and the editor is unable to call his soul
| his own, unless by PERMISSION Of place-hunter
| or tax-eater. f~S | believe il IL rule OF
the Democratic party not to have or permit
more than one organ in a county, no matter
| how popuous. and it could be adopted by the
| Republicans with great advantage to their party
harmony. In few large cities an exception
may be made to the rule, but even there an ex'
cess OF papers OF the same politics prod uces
mischief"
The editor Of the Dexter Leader addressed q
letter OF inquiry to the Hon. James +. JOY
asking his opinion. as an experienced railroad
man, of the effect of the financial panic upor
railroad enterprises. The following Is mir
joys reply:
MICHIGAN CENTRAL RAILWAY CoMPANY,
| PRBsIDkNr's OTFICE,
DETROIT, September 80, 1878.
Archie Mcmillan, E.q., Editor, ETC.. Dexter
DEAR Sn-You inquire my opinion ~ to tn,
effect which the present financial dificultie,
| WILL h1No upOA bho IubuIo COnSSruCuOu VI
roads, and u 1t Will materially check them p
| The difficulty ARISES from tho vast sums o.
money which have been going into railroads
many Of which are without merit, and many o.
which cannot be profitable or remuneratve fol
a long time to come. In my judgment it vii
almost totally stop every work In progress aAt
no new ones can be undertaken for long time
There is everything to discourage capitalisti
from putting money into this kind Of invest
ment. While the railroads have added to tht
value Of the Western country thousands o.
millions Of dollars,-made the country rich
and built up towns and cities everywhere, they
are treated as sort Of public enemy. Th,
men who have put their money into them ar
treated and considered al extortionists anc
robbers. Even in this State winch rs not bal
developed, and where at this time there is no
single road paying fair interest on the COS
OF It, and most Of them not half tho interest
there exists this feeling, and capitalists ar
rapidly coming to feel that this hnl OF prop
erty Is not safe.
| think, therefore, that we mus Il eel tlat 70
a long time all improvements oil tns nstur
have come to an end In this State rhis i
much to be regretted, but in the present stat
! Of things there is no hope of any other res alt
| Yours truly, j. +. JOY.