Year: 1876

THE PRESS ON THE REDUCTION IN PRICES.


From the Evening Post OF yestcrdsy.l


PAN ! NEWSPAPERS


The leading newspapers Of this city gradually fol-
lowing tho example OF the Erening Post anu reducing
their terms OF sale add subscription to conform
TO the reduction OF prices everywhere On the LIST of
July, 1875 tho Ersnng Post reduced Its rates from vc
cents a copy to three cents copy. few weeks ago
tho World down price from four cents three,
and to-day the HERALD makes similar change. These
among the nncrrng signs OF the OF business
10 It's normal conditions. High paper prices OF all
commodities must come down approach gold
standard and with the resumption OF specie payments
shall ind ourselves again solid Rround-on the
hard pan OF commercial transactions. II will not DO
surprising II all the leading journals DO what The
Ersning Post tho World the HERALp have already
done They will not restore the chcapness OF times
before tho war; The reason 10 obvious Tho HERALD
says-


In 1851 the HERALD had long been sold for two cents
and regret that cannot put II back to the same
price. But could not do that without also putting
Il back to the Same quality, which quite out of the
question.


The energy and liberality OF expenditure in news
gathering which grew out Of the war gave impulse
to newspaper enterprise which It Still feels Estimat-
ing upon hard money prices thcrc doub: that IL
costs from onc-third to one-halr more to get out
first class newspaper than 1t fifteen yenrs ago.
Such changes as those 10 which VIC refer would DO
hazardous In such unsettled as those OF
the flush times of inflated and greatly deprecated
paper currency. Tho disposition TO mako them now is
a sign OF returning confidence in tho stcadiness and
certainty or business transactions.


From the Commercial Advertiser Of yesterday.l


The HERALD has reduced Its price to three cents.
Tho growing activity of business and the equalization
of vnues II tells It's readers Is the cause OF this move,
which might have been expected from the intelligent
management of that great morning daily. With Its re-
duced price 1t will bo moro popular than ever.


from tho Evening Mail OF ycsterday.]


"rhrce cents tor the HERALD" is an announcement
that the people will hail with satisfaction Now the
Times and Tribune must follow suit There Is more
reason for payn prices for newspapers than for
groceries Wages down, rents down, dry
goods cheaper than before, and It Is high timo
the newspapers that bavo for five years been urging
reduction In tho cost OF the of life should
take little of their own medicine.


From the Evening Express OF yesterday.1


The NRw YORK HERALD reduced tho prico from four
TO three con,s per copy this morning.


From the Brooklyn Argus of ycsterdayl
Tho NEW YORK HERALD to-day announces the re-
ducson of its price from iour cents TO three Three
OF the New York dailes-tho HERALD. tno World
and the Evening Post-have now come down to hard
par and only the Times and Tribune adhere to the
war rates. The HERALD improves the occasion to in
dulge In some "reminiscences OF its early days.
pointing the fact that the founder OF that journal
gave New York it's nrst cheap newspaper, and claim
ing, curiously enough that the Tribune, Times and
World were ''the progeny OF the HxRALp.' This is
news. II Greeley Raymond and Spaulding wore the
ssprogeny" of the elder Bennett, they certainly
very undutul sons for they banged away at him with
remarkable concert Of purpose and invincibc hostility.
Nevertheless Bennett did good work when he started
the HERALD and his shrcwdnoss and ability made the
paper success from the beginning HIS successor
shows that tho patorna faculty OF reading tho signs
OF tho times has inherited With tho OF the
property,