PRESS ENTERPRISE.

Waikato Times, Volume IV, Issue 221, 9 October 1873, Page 2

PRESS ENTERPRISE.

The Neve Freie Prexse of. Vienna has been, giving iti readeri some illustrations of the growth. a.nd increasing inflences of the Press ; the a,ftioles being suggested by, the specimens of the World's journals now on view in the International Exhibition which is being. heldjn,,that city^ " W,e give the following extract : — " The New York Tribune started., as * daily paper in April, 1841, by Horace Greeley, whoso name it no,w ajmpst as well known in Europe as in his native land. He wag then, in the beginning of his career, and his entire capita} was only $1000. His boldness, honesty, and independence, his keen vigorous style as ,a writes, and his habit of discussing all questions as they arose, whether political, social, or moral, soon made his undertaking successful. Mr Thomas M'Elrath, at present in Vienna as Special Commissioner of the United States, was Ibis only associate until 1849, when the Tribune, in accordance with Mr Greoley's ideas of journalism, I w£s made a stock company, and the assistant editors, as well as the foremen in all the business departments, became co-proprietors. This was tho first instance in America of a newspaper being established on mph a basis. Its early enterprises is illustrated by the fact that in 1846 it sent a small sailing v,eisel to England, in order to obtain news in advance of the mails of that day. Tho Tribune is represented here by three special correspondents whose labours will bo so divided, that no important department of industry or art can fail to be adequately represented to. American readers. The amount of its ordinary expenditure for literature alone is, we, have been informed, not less than $150,000 a year ; and the necessities of an unusual occasion, like the present, are measured- in the same munificent spirit. During the Franco-Prussian war its telegrams, sent by cable across the Atlantic, frequently, amounted to $5,000..in one day. This enterprise enabled it to publish a full account of the battle of Gravelotte some hours earlier than the newspapers of Londo.n, S.uch enormous expenditure, of course, could not be made unless the business department of. the. Tribune — its circulation and advertising — hud. acquired the.same proportions. Before the sun set on. the opening day of the World's Exhibition, the agent of the New York Tribune had despatched a telegram of nearly 5)000. words, wjth full details of the imposing ceremonies, the official speeches, and every incident which maiked tho important occasion. This is probabjy the longest telegraphic despatqU ever senj; from Vienna by any t private enterprise ; and it shows the keen interest which both the proprietors of the Tribune and its hundreds of thousands of reuders in America take in our great work." Whilst tho enterprise of such a newspaper is considered, its immense revenue, from advertisements and subs<ri;>lioii!«, should also bo remembered. We tiro credibly informed tint the weekly issue alone of that journal is never, less than 150,000, copies j but not uqfrequently 250,000 !