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William Alexander Linn, Horace Greeley Founder and Editor of The New York Tribune, Chapter 3: Thurlow Weed's discovery-the Jeffersonian and the Log Cabin (search)
were no help to me, withdrew, one after another. But the Log Cabin did afford some pecuniary aid, and he wrote to Weed in January, 1841, that he was beginning to feel quite snug and comfortable, and by the spring of that year he considered himself in a position to start the Tribune. But the New Yorker was a weight on his hands to the last. He gave its editorial conduct more largely to assistants in its last years, and tried hard to sell it, and its end came when it was superseded in September, 1841, by the weekly issue of the Tribune. He was then able to repay what was owing to subscribers who had paid in advance, although his books showed that $10,000 was due him from delinquents. These books, he says, he never opened again, and they were dissolved in smoke and flame when his office was burned in 1845. Greeley names four causes of the New Yorker's financial failure: That it was never properly advertised, that it was never really published, the credit system with subscribers