THE LONDON TELEGRAPH.
A correspondent supplies the Melbourne Argus with the following information concerning the London daily paper which figures so prominently in the libel suit tried there a few weeks ago:—“ln the late. London libel trial of Lawson v. Labouchere, it was elicited that the Telegraph had been purchased about twenty years back for less than. £SOOO, by three small capitalists of the Jewish, rape. It was the first of the penny dailies, and. had been a loss to Colonel Sleigh, wb° started it. One of the trio of purchasers lately died, .leaving three millions staling as the value of his property acquired by such purchase. The daily advertisements were said to be neuijy £fioot in value, and the day’s income from sales to be something over that amount, ‘or an annual/ income of about half a million. The paper has established ink and paper fac. toiies for its own needs—the latter of which has proved profitable enough to yield an annual ten thousand sterling beyond the saving on the spppij. used by the Telegraph.
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Temuka Leader, Issue 394, 31 May 1881, Page 3
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176THE LONDON TELEGRAPH. Temuka Leader, Issue 394, 31 May 1881, Page 3
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