The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-10-06
NEW YORK'S NEW DAILY.


THE REASONS GIVEN FOR ITS APPEARANcE- /
ITS FINANCIAL AND POLITICAL BASIS.
The New York correspondent of the
Chicago Journal writes thus of the new
journalistic venture in that city: Tie new
republican daily will make its appearance
one week from Monday-possibly week
later. 1t would have been out ere this but
for the delays on the part of those taking
the contract for furnishing the presses. 1t
is to be called the Daily Republic, and will
sell for three cents. After the Herald
moved from the corner of Fulton and Ann
streets 10 It's new quarters, corner OF Broad
way and Ann streets, Mr.. Bennett erected
magnificent iron structure on the old site.
The republican newspaper is to occupy this
iron edifice, or part of it. The capital stock
of the paper is S3OO,O to re increased, if
necessary, to 500 600, divided into shares OF
81, 900 each. A few days since an editorial
paragraph appeared in your columns ridi-
culing this journalistic venture as purely
personal organ of the administration,
third term moutbpiece, etc. The paragraph
was written under Misrepresentation,
without a knowledge of the truth in the
case. Ever since the Times newspaper won
| the great NlClOrV Oh 1NttuS uttrdl, anu
| overthrow it has, naturally perhaps, en-
deavored to dictate to the republican party
| leaders. 1t has, also, during the past three
/ wears. disagreed in turn with nearly every
! republican leader and politician in this part
of the country, from Thurlow Weed down.
! The Times has furthermore, you are
aware been anything but friendly disposed
toward Gen. Grant for more than year
past. You may remember that the Wash
ington Republican, credited with being the
presidents mouth-piece, last week contained
q column and half attack upon Mr.. Jen-
1 nings, the editor of the Times. The article
was unusually severe, and the Times has
several times since retorted by denouncing
the editor of the Republican as thief.
President Grant at Long Branch and else
where has made no secret of his antipathy to
the Times newspaper, and of his desire to
see new sheet started in New York. Such
being the condition of affairs, republican
leaders hereabouts have determined, for
some time, to have
NEW PARTY ORGAN.
) Both they and the president felt that if such
a paper were projected it should be started
in time to lead The fall campaign. Accord
} ingly, a conference was held at Washington
last summer, when it was decided to organ.
ize stock company with $500, 900 capital II
was believed that this would be sufficient \
Since that time numerous other conferences
! have been held here in Washington and a
} Long Branch, at some of which the president
has been present. While some of the gentle
. men who have encouraged the rev enter
prise have not been on the best of terms pc
litically, during past years, they have made
, common cause against the Times newspaper
Among those who have interested themseIve:
in the paper pecuniarly or otherwise, are Sen
c ator Conk ling, Tburlow Weed (who still
exercises more power than any other pol
!. itician in the State), Ex-Governor Nor
= gan, A. b. Cornell, eX-SurveyOr and ex
: speaker of the assembly; Chester A. Arthur
/ collector of the port; and large number o
Y congressman and local political light9 in Till
g and other States. Owing to the bitter feel
: ing long prevailing between Mr. Jennings
e of the Times, and. James Gordon Bennett
:, of the Herald, the latter has helped alon,
i the enterprise in every man er in his power
Il and when the paper is started il is to hav,
d the benefit of all the Herald's extensiv
g ramifcations for collecting Intelligence iron
e every part of the globe. The evening Com
mercial Advertiser has for nearly two year
past had a most bitter quarrel with tn
!, Times though both are republican organs
The respective editors of the two papers bav
i applied to each other about every epithe
s known in the vocabulary of abuse. Hug
l
70 naturally contributed his aid and as
8 sistance in establishing an opposition
= morning paper TO the Times.
will thus be seen, from the few names
u have mentioned, that the Republic has no or
: binary backing. When L add that ever,
.. republican member of the State Senate
= with the exception of Tobey, of Essex
D. nearly every member of the State govern
20 ment, from Gov. Dix down, and nearly ever
~ republican politician in the State, are inter
4. 4 Al
. il their encouragement and God speeds, vol
= will discover the error of the impression
20 that the Republic is to be started by few
Is personal and official adherents of the presi
Is dent as third-term organ. The paper viii
lie not be an organ of the administration, bu
4 aims TO be the organ of the republican party
y on the assumption that the party at presen
d has no organ in New York City. Thus ia
ID not the first word has passed between th
l. president and the managers and conductor
Q of the new journal
" REGARDING A THIRD TERM,
a and the latter, SO far as being ready to advc
'e cate it, are Unanimous in the opinion tbs
= the president has never at any time though
d of seeking or accepting a third term. S
Or much for the rumor set sfloat by its emf
"a mics, that the Republic is to be a third-terr
,o sheet. The gentlemen who furnish tn
"A largest amount of capital for the Republ
Il are Congressman Platt and a certain sens
y tor, who shall be nameless for the presen
~ The shares are, however, freely held j
10 small lots by friends of the administratio
n and investors who believe that mas much \
;, the Tribune long since ceased to be a reput
/ iican paper, and the Times is not on goo
3 terms with the party, there is money in
- new republican daily here in New Yor
M City. Mr.. Wesley, who. as the origins
business manager of the Times, placed ths
paper on the sound financial basis to whic
it had attained prior MIR. Raymond
n death. is to be the business manage
re of the Republic. This fact give
y, decided confidence to the friends
no ipaa