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New York. An
impresario in the making. Among the prima donnas. Purchase of the Washington
Sunday Herald and National Intelligencer. I start the Washington Morning
Herald. The panic of '93.
It was the fall of 1892 that we
made our home in one of the apartment houses on Fifty-second Street. Next door
lived a theatrical man, Charles E. Bolt, with his wife and children, a son,
Campbell Bolt, who had become a New York lawyer, and a daughter, Enid. A
friendship sprang up between Mrs. Bolt and Ida, and we learned that Bolt was
then promoting a series of Sunday night concerts at the Lenox Lyceum, for which
enterprise he was looking for an “angel” to furnish the wherewith. I became
interested in the proposition and advanced some two thousand dollars necessary
to get the concert inaugurated. Bolt had no money, but in return for my
investment I was to receive a payment of $150 a week and a share in the profits.
On the opening night, which was
heralded with great éclat, the house was crowded to the doors to hear
Seidel’s orchestra of eighty pieces and such stars as Melba, Nordica,
Campanini, Fischer, and many other great artists of the day. Mr. Bolt conducted
my wife and I behind the scenes, where he formally introduced us to Madame Melba
and Campanini, who had just arrived. Melba was regal in her appearance, but at
the time I did not consider her the beauty that she was reputed to be. Campanini
was a handsome fellow and a pleasant conversationalist. I liked him, and he in
nowise the unapproachable chap he was said to be. My company paid him $400 for
each night’s performance, while Fischer got $450. Bolt told me that Melba
received $600 and Nordica $550. Seidel’s orchestra cost $600 for each
performance. Besides these stars there were other luminaries of lesser degree,
so that the box office did not show much profit, although the receipts ranged
from $4000 to $4500 for each Sunday performance, and after the first payment of
$150 to me I received no further return on my investment.
After a run of several months
Bolt put on an opera “parsifal,” giving performances in Philadelphia,
Wilmington, Baltimore, and Washington, chartering for the occasion a special
train to carry the company. My wife and I accompanied the troupe, and while the
run was a success from a financial standpoint, Bolt always had a plausible
excuse for not reimbursing me. His Nemesis never did overtake him, however, for
although on returning to New York to resume the concerts he was unable to renew
his lease on the Lyceum, which put him out of the opera business, the Spanish
war came on, and with a powerful connection with the administration, he and
Abner McKinley secured a lucrative contract to supply the army with “fresh”
meat, from which he emerged with a fortune that enabled him to buy a palatial
residence on Seventy-second Street, New York.
The loss of my investment in New
York and the fact that my wife was a Washington girl impelled us to move to the
capital city, where my thoughts naturally reverted to the newspaper business.
The era of typesetting by machinery and the great Sunday editions was only just
starting, so I thought there would be plenty of time, if begun in a modest way,
to develop with the crowd. The Sunday Herald and National Intelligencer, a
weekly newspaper of twenty-four pages, owned by Soule & Hensey, was then on
the market. The national Intelligencer was the oldest newspaper in Washington,
and was doing business when Washington was invaded by the British in 1814. It
had been merged with the Sunday Herald and was enjoying a wide circulation, with
offices on the corner of Eleventh and E Streets, the site of the present Hotel
Harrington.
In less than ten days after our
arrival the paper passed into our possession. My wife was a natural-born
politician and versatile writer, and when she took the editorial chair with
myself as business manager, we were sure that the road was open to success. In
addition to our large acquaintance with the statesmen “on the hill,” my
wife’s brother-in-law, Robert A. Hathaway of Missouri, and a cousin, Thomas
Updegraf of Iowa, were both in Congress, while Wade Hampton, the war governor of
South Carolina, was one of our most intimate friends. Our staff included
Clarence B. Rheem, later of the firm Swartzel, Rheem & Hensey Company, as
dramatic critic, John F. Doyle, sporting editor, and several local writers.
The paper was not a moneymaker,
in spite of a reasonable circulation. After continuing the paper as a weekly for
a year, the competition of the big dailies began to have its effect, and I
decided to turn the paper into a daily. Thereupon, the first issue of the
Washington Morning Herald made its appearance on October 7, 1893. It consisted
of four pages, six columns to the page, and sold for one cent. Its politics were
Democratic, and it printed all the news up to the hour of going to press in a
much more condensed form than was usual with other morning newspapers. The paper
started with a circulation of 5000 copies, and from the first morning of its
publication it was a favorite with the newsboys. For quite a while the sheet
looked as if it would make a go. However, small as it was, the expense was
enormous. There apparently were not enough Democrats to make the paper
self-supporting, and although Mr. Cleveland, who was then in office, issued
orders to the department to use the Herald for the government printing, even
this support failed to provide enough revenue to put the paper on a paying
basis. Therefore, when a syndicate made me a cash offer I accepted the
inevitable. The Herald is still running, and has grown to be one of the most
influential newspapers of the nation.
The year 1894 marked the worst phase of the panic of ’93. Industry was
taking a lay-off; unemployment was rife everywhere; the banks were issuing
certificates for money; and the mining regions of the West felt the stoppage of
the silver purchase law acutely by the closing down of the silver mines.
However, since my Eastern ventures were not crowned with success, in spite of
advice from friends to remain in Washington, and regardless of the depression in
mining, I felt that the opportunities were greater for me in Colorado. There is
something about the West which clings to one. The years that I had spent on the
clean, wind-swept slopes of the Rocky Mountains was in my blood and had become a
part of me. Ida, the lovely and faithful wife that she was, was quite in harmony
with my sentiments, and was quite willing to return with me to Silverton, to go
back to her saddle pony, the clear mountain sunshine, the deep forests of
spruce, and the glamorous excitement of mining. |