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William Alexander Linn, Horace Greeley Founder and Editor of The New York Tribune, Chapter 4: the founding of the New York Tribune (search)
e in which Greeley had set up the Testament, and his natural business tact and his experience supplied something in which the Tribune editor was always lacking. This partnership continued for more than ten years. Greeley has called McElrath's business management never brilliant nor specially energetic, but so safe and judicious that it lifted the responsibility of the publication office from the editor's shoulders. The Weekly Tribune took the place of the New Yorker and the Log Cabin on September 20, and the new journal was then ready to address both city and rural readers. The issue of a semiweekly edition was begun on May 17, 1845. The price of a single copy of the daily during the first year was one cent, which did not cover the cost of paper and printing, compelling the owners to look for their profits to the advertisements. Greeley asserted, in 1868, that no journal sold for a cent could ever be much more than a dry summary of the most important, or the most interesting, o