Smyrna times., 1874-02-18
Newspaper Property.

the United OtateS, with circulation or nearly
q, 100000, and of these, 574 are daily and
circulate above 100000.
New York led with 81 dailies and circula.
ton of 100000, followed by Pennsylvania with
55 daiies Illinois with 80, Massachusetts with
u, California with 49, Ohio with &c, Missouri
q, Iowa 22 aud Indiana 20.
For these no figures are presented to show
the value and income Of these journals. Some
notes which have been handed me will hel p to
satisfy curiosity.
The New York Tribune recently changed |
hands at a capitalization of 81 100000 or
$3.50 900 were paid tor ffty.One shares OUT Of one
hundred The 1ri6uneS profits in 1865 were
$40, 429; in 1860 they were but little rising
| $24 ,0O5, the paper having expended nearly all
its net receipts for news and talent. In 1869
its profits were $4,000, and the shares
brought $3.50 each. This paper is notably |
liberal with it's employees and its editor has
been sad to receive $4,000 year. During |
the German war $40, 900 were laid out on news
alone, and its annual editorial aud correSpUn-
dents salaries are not short of 100000.
The nominal value OF the capital stock of the
| New YoIk Times is only 100000, but it was
worth not less than 5000, 900 prior to Mr..
Raymondss death, and L. ID. Morgan bought
the deceased editors thirtyiour shares at
$ll 900 share. The real estate of this paper
has been valued at s ,000,0
Beach family at period when its fortunes
were somewhat reduced, and mainly for the
sake of its news franchise, for the sum Of
$225, 900. Worked up with spice and vigor,
it not only pays its editor $4,000 salary, but
an interest in its profits besides. amounting to
$4,000 and the total nst profit is reported at
$9O,UO0. The Sun has the whole field Of cheap
morning journalism, aud nothing bat mis-
management could reduce its value materially.
The New York World started with moral
intentions by Philadelphian, who has since
had additional luck in losing money for his
hackers, sank $2OO,0O0, when Mr.. Marble
: bought it for the cost of the fixtures and
material, and, by engraving the Courier and
Enquirer upon it, which brought a large
accession Of auctioneerS advertising, the estab
llShment soon grew into prominence. The
paper with relatively inferior capltal, kept well
up in the news field, and was distinguished for
the variety Of its editorial writing. 1t is now
stable property, and perhaps the most inhuen-
tial conservative paper in the East. Mr..
; Marble, associated with Mr.. Bowles, had once
before tested the ups aud downs of publisher )
fortune in Boston.
) The New York Herald is probably the best
piece OF mercantile newspaper property new in
existence, except the London Times and
Telegraph, and its profits could probably be
increased it it was less energetic in things ro-
mantle, remote and costly, like the Stanley
expedition, of which the expense are reported
to have been $50, ,OO0 The Herald has an in
: come OF $30.O00 from its advertisements of
marriages and deaths alone, while the London
Times receives but 81, 500 in the same depart
ment The London Telegraph, bought for
j. $4,000 in 1853, paid profit of 100000 in
1867, and the Times is equally rich in receipts,
paper mills, an1 real estate.
The energy Of Western journalists was de-
mOnstrated when Mr.. HalStead, of Cincinnati,
e endeavored to move to New York in search of
q wider field, buy the Herald, turn it into
e stock, and by the sale of the stock capitalize it,
u 80 as to distance any possibility OF competitor.
l. | remember asking Mr. Halstead whether he
It offered as much as 81 ,5O0,OOO and he said
q 'Oh, 1t was a great deal more than that. AT
y tho same time the elder Bennett expressed the
= opinion that his son was the foremost journa
q list in the country.
The peculiarties of the Herdld are wei
A. knownits constancy to its old servitors, fancy
for Milesian accession, natural gravitaIion to
ID wards excitements, and usual success in keep
ing within sight of a sensation. The genera
abstinence of this paper from the politca
pr acrimony and fulness of description still leave
ly its field wide and handy to it. 1t can be reaC
ar without passion and without and overwhelming
le thOughtfulness
* The Journal Of Commerce has paid steady
to income Of $4,000 for a number of years, ant
~ It's cApCusSS dtO COupdIcu Will lh TO
IN ceipts, so that a safe possession many thinl
he it the best piece of property in New York.
s, The EOcning Post has been a mine of wealtl
ne to its owners. In 1860 John BigelOw, whel
appointed Consul to Paris, sold his one thirt
I'd interest in the Post to Park Goodwin for $ll5,
BY 0OO Not long afterwards Goodwin sold u par
I'D of that third to Isaac Henderson, and it i
n rumored for nearly the same amount. Fo
at several years following the profits are said t.
V have averaged $200,000 and it was stated tha
a at the time Mr.. Nordhoffs salary and bount,
es on profits made him the best paid editor il
he America, with $4,000 per annum. In 1856
n. MIR. Godwln's share was $4,000; the follow
re ing year Mr.. Bryant paid income tax on $57,
n 600. The proprletOrs Of the Post have pur
a chased fine property at the southeast corne
nd of Broadway and Fulton street, and will ereC
M marble building. The Post gets its cali
ch eqipOise and classical tone from Mr.. Bryant
ng but Mr.. Henderson's well-known business lib
In erality and enterprise have made the latte
Ill fortunes of the concern, and he has amasse
he 81, 900 on the spot where twenty five year
u ago he was u clerk at salary of $40 a week
sy Mr.. Bryants fortune has been estimated q
he $l.O0OO0O, and Mr.. Goodwin is also rich.
he The New York Cypress which the Brook
nd Brothers established while young men, writer
ing from the remote State of Maine, made $50, 90
IN. in 1869.
ss, The Brooklyn Eagle has shared in the fecur
an dlty OF modern brooklyn politics, ana It's II
nd come has been recently said to be $75 900, an
al the value of the property and the good wi
100000.
Bonner's Ledger leads weekly newspapC
Pc property with an income of $20O00O, haviu
is made half that amount during the publicatO
red of Beecher's Norwood which was the create
er. strike MIR. Bonner ever made
,ut Ii is stated that Hdrpers Weekly has o
ght edition Of $4,000 copies, on which there is
wn proht OF three tourths OF cent per copy.
up. addition to its high priced advertising III
up Bdznr is announced to have circulation
er) $1,000. Mr.. Curtis salary is $4,000, havir
lay been raised to that figure when he declined Il
mes editorship of the New York Trlcs.
Bowen's Independent, established in 1871