"Strangers to the city and State of New York, as the editor and founder of this journal both are, it cannot be expected that they should at the outset act without hesitation in purely local matters. In respect to the offal contract and the Broadway railroad, and as to the canal lettings and the timber contracts of John C. Mather, it may be as well to say that they are, as yet, wholly uncommitted. They are, however, not altogether unfamiliar with similar things elsewhere. "An ample capital has been contributed by gentlemen who are interested in maintaining the great measures to which this journal is to be devoted; and no expedient has been omitted to ensure its success as a business undertaking in behalf of its stockholders and managers. It will be provided with editors, reporters, and other _attachés_, enough to perform all useful services in the lobbies of Congress, of the State Legislature, and of the city Councils; and with talent and democracy enough in the editorial rooms to make good the ordinary wear and tear of character and influence incident to the other departments of the business. "As conveyancing will form a large element of the business, expert legal counsel will be provided in the person of Mr. D. E. Sickles, who is recommended for this purpose by his rare skill in _taking_ mortgages. "Before concluding, it is a painful necessity to advert to the unhappy divisions of the Democracy of New York, which it is the main object of this undertaking to heal. An exact impartiality between those who are for preserving the party and those who are for breaking it up, was intended to be secured by dividing the ownership of the paper equally between them, and then putting its absolute editorial control in the hands of a gentleman whose associations, sympathies, affiliations, and tendencies are entirely and irresistibly--with the latter.