During the publication of _The New Yorker_ he added to the scanty income
which the job printing brought him by supplying editorials to the
short-lived _Daily Whig_ and various other publications. In 1838 he had
gained such standing as a writer that he was selected by Thurlow Weed,
William H. Seward, and other leaders of the Whig Party, for the
editorship of a campaign paper entitled _The Jeffersonian_, published at
Albany. He continued _The New Yorker_, and travelled between Albany and
New York each week to edit the two papers. The _Jeffersonian_ was a
quiet and instructive rather than a vehement campaign sheet, and the
Whigs believed that it had a great effect upon the elections of the next
year. When, on the 2nd of May 1840, some time after the nomination by
the Whig party of William Henry Harrison for the Presidency, Greeley
began the publication of a new weekly campaign paper, _The Log Cabin_,
it sprang at once into a great circulation; 40,000 copies of the first
number were sold, and it finally rose to 80,000. It was considered a
brilliant political success, but it was not profitable, and in September
1841 was merged in the _Weekly Tribune_. On the 3rd of April 1841,
Greeley announced that on the following Saturday (April 10th) he would
begin the publication of a daily newspaper of the same general
principles, to be called _The Tribune_. He was now entirely without
money. From a personal friend, James Coggeshall, he borrowed $1000, on
which capital and the editor's reputation _The Tribune_ was founded. It
began with 500 subscribers. The first week's expenses were $525 and the
receipts $92. By the end of the fourth week it had run up a circulation
of 6000, and by the seventh reached 11,000, which was then the full
capacity of its press. It was alert, cheerful and aggressive, was
greatly helped by the attacks of rival papers, and promised success
almost from the start.
Public-domain text, read in full here on John Shaqi.
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