Published by @piggymouse1 on 2017-09-12
In practice there was little rectitude and less disinterestedness in the newspaper business. In 1886 Isaac Bromley, a newspaperman and a lobbyist, prepared a memorandum on New York newspapers and their attitude toward the Union Pacific for the road’s president, Charles Francis Adams. The Times was hostile, largely because Wall Street bears were using it to drive down Union Pacific stock. The Indicator and the Graphic were friendly, but only because Wall Street speculators were using them to bull Union Pacific stock. The Stockholder, a Gould organ, was quiet until Gould decided where his interests lay. The Financial Chronicle would do whatever it was asked as long as it had “a reasonable share of advertising.” The Financier had little influence, but such as it had was for sale: “its purpose being black-mail.” The Sun was in Bromley’s pocket, publishing what he sent. The Star did “as Huntington directs.” The Tribune was friendly but useless. No one except Republicans read it and the Republicans already backed the funding bill the Union Pacific desired. The World was hostile only because the Star was friendly, and William Dorsheimer, the Star’s editor, had “opened a personal warfare on Pulitzer.” And so it went for page after page.