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1851-1921 By Elmer Davis Originally published 1921 |
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was published in The Times on August 25. Luckily Caleb C. Norvell, the financial editor, had seen it in proof and had suggested to the surprised Bigelow that it showed evidence of a purpose to "bull gold," presumably in furtherance of the enterprise whose beginnings were already visible to men in Wall Street. The last paragraph was struck out and the article thereby rendered innocuous; but the rest of it was published. Less than a month later came Black Friday, when Grant shattered the final assault of the gold conspirators by opening up the Treasury's reserves; and shortly after that Bigelow left The Times.
Jones was justifiably alarmed by this experience, and was consequently forced to set himself, at the age of fifty-eight, to learn something about the editorial management as well as the business affairs of the paper. There seems to have been some surprise among newspapermen of the time when it was discovered that Jones wanted to go on alone. Greeley, for example, attempted to buy The Times in the summer after Raymond's death. When The Tribune was established Greeley had owned it all, but he was no financier, and at the time of his death retained only one sixteenth of the stock. This coincidence of an editor without a newspaper and a newspaper without an editor suggested to Greeley the idea of buying The Times, which he seems to have supposed would be a burden on Jones's hands. But Jones replied that he would never sell out "so long as he was on top of the sod," so Greeley had to stick to The Tribune.
After Bigelow's retirement the post of editor of The
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