The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-31
The Ruin of the Tribune.

IL u ptului 10 ne tolu tnht Tue ITlDuNfS
notes for current expenses are hawked
| about Wall street nj a shave of one and a
half per cent. month. Anewspaper con-
Quoted on sound principles and enjoying a
| fair prosperity should very rarely, II ever
give notes. All IL sells 10 for cash, and il
should pay cash for all it buys. But how
desperate must be the straits Of the Tribune
when, In these days OF money plethora, II
has TO pay for the money 1t so sadly needs
| at the ruinous rate OF eight cen per cent. q
| yearl
The Tribune's downfall ia the direct con-
sequence OF the policy OF JAY GOULD and
his stool pigeon. Whether the crafty
anancier has played his cards purposely
to bring about this result, we cannot say.
He is a stock jobbing ghoul, who feeds on
the carcasses of the corporations he de-
stroys. That is the way in which he has
made his money since the days when ne
| was the partner OF the late Mr.. LEUPP in
he swamp His track is strewn with the
wre ks of New Jersey Southern. Erie, and
the Tr,'b hume. Even If he had not intended
10 ruin thu last, he has so proceeded as TO
bring about that result with certainty.
Buying paper which had been strong be-
cause of its consis 'ent adherence to prin-
ciple, he introduced il. TO ITS management,
in the first place, prefer tlous feebleness,
and, next, n theory of jou. -ualism which
he once expressed under oath n the fol-
lowing characteristic words: "N1th Re
publicans was Republican; with DSmo-
cracts l was Democrat; with the doubt
ful | was doubtful; but was always sn
Erie man." That is, he worked always
for his pocket, and never suffered convo-
lions to sway him.
This has been the theory on which the
Tribune has been conducted ever since he
bought the controlling interest i'll the pa
per and hired his stool pigeon. Though
blind people could not see Ii, yet those
whose eyes were open detected it at once
and grieved 60 see HORACE GREELEY's
journal so prostituted TO base expedicn-
cy. Seeing it, they also foresaw the pres
ent consequence. # was bound TO kill the
Tribune, and it has done it. For stock
jobbing purposes such theory Of acu
may do, but it will not work III the u
duct of newspaper.
The one idea the Tribune
now has is expressed in the '"' ""' ",''
and JAY GOULD is its ""o,u "o'"'
first pointed out II 'u'uo'' ""en w
Gouldism in jour-
temporaries So "S"'' e",no Y, our con
...,,ao,r,, ID the public didn't car
,,a. apapor so long as it gave then
- They were short-sighted. VIII
Nv, journal is n great matter to tn
- .Ohc, If the owner impresses upon 1t hi
individuality, as JAY GOULD has so indu
bitably impressed his on his Tribune.
Take its present attitude. Thougl
BLAINE represents all against which
fought in its better and more prosperou
days, it yet now comes out as his orga
and pulls out ali its stops to sound fort
his praises. Nor does it do this in n squar
and manly way, which the people like, bu
; slyly and trickily. JAY GoULDs forum
and his hopes are just now wrapped up /
Union Pacific and so he wants BLAINE 70
Presid ent, well Knowing that railway spec
= ulation has been besetting SIN with tn
, plausible member from Maine. At tn
same time, JAY GOULD throws out a
I anchor 10 the windward. TILDEN, he ha
thought, was the coming man of the De
: mocracy, and so lie has made the Tribun
his organ also. "With Republicans | wa
, Republican; with Democrats | was
1 Democrat; with the doubtful | was doubt
full but was always an Erie man" There
l fore it Is that we hear the Tribune ais
I talking so much about the Independent
| Noter-the doubtful"
a We are sorry for the owners of tn
. minority of the Tribunc stock. They hav
= no voice in the management of the papcr
o and must stand by and SOC their propert'
a going TO ruin. JAY GOULD owns hfty-on
= shares, for which he paid s5lOOOO In ad
9 dition to that money, what with interes
= and construction bonds which he he
taken, he has in the concern "A half mllo
: besldes-much more than the whole
worth. The forty-nine shares held by IN
n minority are not worth the paper they al
: printed on; and when JAY GOULD put u
u the money fov tho Aftv-onc shares Il