The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-09-06
NEWS AND COMMERCE.
From the Board OF Trade Gazette, Sept. l.

From the Board OF Trade Gazette, Sept L.
Apart from the mere politician the merchant banker
and manufacturer are most dependent upon the news
paper The lawyer, doctor and priest may possibly be
well read in their texb books and then be content with
their professional experiences the only remaining
Of further information required for the perform
ance Of their duties. Alike in time in peace, the
pulpit, bar and pestle and mortar resorted to- and
preacher, advocate and physician earn their money
But the merchant. banker and manufacturer are
obliged to watch with keenness the political horizon,
near and distant, the markets of the world and
moral, social physical and financial conditions
Of the universe The most faithful and valu-
able if not the only assistant in the daily study
OF values credits prices, conditions of supply and de-
mand, personal local and national responsibilities Is
found to be the newspaper Personal observation may
gain much private correspondence may be of great
vice. and yet without the daily paper the banker mer
chant manufacturer would work in the dark and
thousand times increase the risk of failure
The London Times is ponderous, reliable, steady
respectable well circulated sheet Compare any mum
Der of that journal with the New YORK HERALD of tho
date and in five minutes the appear why
the leading journal of Europe unequal to the leading
journal of the United States The corresponding agency
and the circulation of the great American paper are
alike ubiquitous. Mighty potenates whose presence is
hedged in with pomp and ceremony and whose power
is appreciated by their ennobled subjects that
rank and title rcmbe at their utterances-these
emperors and interviewed catechised
by "HERALD reporters" When empires rush into
furious war the HERALD representative is writing his
report of the carnage cavalry saddle the very
cannon that is sending out death to the foe What
misery government in the Old World failed 10 do that
the HERALD with unprecedented munihcence and pub.
lie spirit aid, when, from Broadway Stanley was com
missoned to form expedition to discover the long
lost Livingstone, and thus advance civilization and give
example Of American tact, pluck and ger erJs-
ity We have not space even to abide to the
many special achievements of the New YORK
HERALD, any of which would have been
paper The extraordinarily free, early and illustrated
reports Of the recent rifle match in Ireland the newly
appointed special train every Sunday to Niagara
whereby our Western cities have been brought al
ready nearer to us and the Postmaster General has
been shown how the United States government can do
daily what the HERALD does weekly-these and many
like administrative eats prove that If our metropolitan
city government well administered as is the
business Of the HERALD should years ago have had
rapid transit, public library better supply of water
decent markets, convenient docks, moro public
baths, more worthy police force, improved
paving, better terminal facilities fewer Official
thieves in the public departments, less taxation.
lighter debt and much more prosperous city. New
York merchants are proud of the HERALD Its unsec-
tarianism and impartiay in religion its independence
in politics. and Its fearless advocacy of the rights of the
poorest citizen who pleads for justice all help in
its popularity. 1t Is at the leader and the
servant of the great publc and when great railroad
corporations are bankrupt the foremost bankers fail
ing, mills mines aud factories closed ordinary trade
proatcss, and our city treasury empty, there remains
at least the pleasing fact that the from the
HERALD is sufficient to MAINTAIN the establishment of
prince
The Evening Telegram, by its spirited daily London
market report has lately become OF increased value
our city merchants and bankers.