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The Daily Dispatch: September 5, 1861., [Electronic resource], Signs of the times. (search)
has had a very damaging effect upon the newspaper business at the North, is certain. Some changes have lately taken place in New York, in regard to which one of the Abolition journals says: It is understood that the New York World and Courier and Enquirer, were sold out a few days ago — machinery, stook, good will, and all — to Mr. John R. Ford, one of the principal stockholders, for $30,000. Out of this sum, Mr. Ford is to pay all the debts incurred by the establishment since the 1st of July last, and the $17,000 mortgage on the press, held by Mr. Hoe. As the World paid $100,000 (in stock) for the Courier and Enquirer a few weeks since, Mr. Ford has evidently obtained a bargain. The expenses of the World are said to be $1,500 a week in excess of the receipts, the old Courier advertisements being by the year, and paid for in advance, proving a loss, instead of a source of income to the World concern. The experiment of publishing a daily religions newspaper has cost the prop