The Story of the Sun: New York, 1833-1918O'Brien, Frank Michael
History
The Story of the Sun: New York, 1833-1918
O'Brien, Frank Michael
Sun (New York, N.Y. : 1833)
Amos R. Eno, merchant and banker, was the man who had made New York
laugh by building the Fifth Avenue Hotel so far north--away up at
Twenty-Third Street--that it was known as Eno’s Folly. This he did
nearly ten years before Dana went to the _Sun_, and in 1868 the hotel
was not only the most fashionable in the United States, but the most
profitable.
A. A. Low was a merchant and the father of Seth Low, later mayor of
New York. William H. Webb was a big ship-builder. Thomas Murphy was
a Republican politician whom Grant made collector of the port of New
York, and who gave Grant his place at Long Branch as a summer home.
At least three of the men in the list were active in the _Sun_
office. Thomas Hitchcock was a young man of wealth and scholarship
who had become acquainted with Dana when both were interested in
Swedenborgianism. He wrote, among other books, a catechism of that
doctrine. For many years he contributed to the _Sun_, under the name
“Matthew Marshall,” financial articles which appeared on Mondays, and
which were regarded as the best reviews and criticisms of their kind.
Charles S. Weyman got out the _Weekly Sun_, and edited that delightful
column, “Sunbeams.”
Salem H. Wales was a merchant whose daughter became Mrs. Elihu Root.
Dorman B. Eaton was one of the pioneers of civil-service reform.
Marshall O. Roberts, F. A. Palmer, David Dows, and E. C. Cowdin were
great names in the business and financial world.
Why Dana and his friends did not start a new paper is explained in the
following letter, written by Dana to General Wilson:
Just as we were about commencing our own paper, the purchase of
the _Sun_ was proposed to me and accepted. It had a circulation
of from fifty to sixty thousand a day, and all among the
mechanics and small merchants of this city. We pay a large
sum for it--$175,000--but it gives us at once a large and
profitable business.
If you have a thousand dollars at leisure, you had better
invest it in the stock of our company, which is increased to
$350,000 in order to pay for the new acquisition. Of this sum
about $220,000 is invested in the Tammany Hall real estate,
which is sure to be productive, independent of the business of
the paper.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account