Word: heralds
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Dates: during 1970-1979
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Nonetheless, starting a newspaper was expensive, then as now, and The Herald found itself facing a mounting deficit. At the end of the first full year, in June of 1883, the paper was running a $700 deficit. In this situation, and aware that the editors of the more established Crimson were eager to get into daily journalism. The Herald began to think of merger. On October 1, 1883, the board of The Herald met to discuss joining The Crimson. In the words of one editor: "After a thorough discussion of the project, a unanimous vote was passed to make arrangements...
...uniting their interests form a new paper, which, while naturally partaking of much of the character of the--former publications, would yet be free from many of the disadvantages under which they labored, and would possess a much wider range of possibilities than was open to either The Herald or The Crimson... That there is room for literary merit in the columns of a college dally is our firm conviction, and we shall...endeavor to combine prose, poetry, and news in such proportion as will be acceptable to our readers for their daily edification and enjoyment...
Under the terms of the merger, the President of The Crimson was named President of The Herald-Crimson; the Managing Editor of The Herald became Managing Editor of the new paper. It was also agreed, that, after one year, the name of the paper would be changed to The Crimson...
...surprisingly, it was sports which got The Crimson back into the business of putting out extras, which had lapsed after the Herald merger. A veteran of the first such effort, dated May 30, 1892, described the procedure in the 1923 History...
...take up every minute of an editor's time. Indeed, the foremost worry of the post-merger paper was a much simpler one--survival. The balance sheet of November, 1883, reported a deficit of $600. For the previous year, the combined balance sheet of the Herald and Crimson had shown liabilities of $3,527,95, and assets of $2,743,43. That winter, an editor recalled. "The advisability of stopping the paper was discussed." But, by June. The Daily Crimson had a surplus of all of $15, and was on its way to financial stability. In September, 1884, the price...