Mr. McCune sent for Brother Whitney this morning and informed him that during the last fourteen months he had paid out of his private purse $56,000. to meet the expenses incurred in running the Salt Lake Herald; that his experience in politics has brought anything but pleasure to himself and family, but he had now concluded to withdraw from them (i.e. politics and the newspaper business) and to cease paying out any more money to keep the Herald alive; in fact, he had decided to cease entirely after meeting this week's payroll, which would amount to about $1,000. He fully realized that the downfall of the Herald would be a great triumph for the Salt Lake Tribune, and he asked Brother Horace G. Whitney to wait upon the First Presidency and inform them in confidence of what he proposed to do, and to say to them that if they could see their way clear to continue the publication of the Herald in connection with the News, he would turn it over to anybody among the loyal democrats who would be willing to form themselves into a company for the purpose of continuing its publication with the understanding however, that its expenses be met by them.
[First Presidency and Quorum of the Twelve minutes]