Melville E. Stone

…a four-page, five-column daily by Melville E. Stone. Competition was fierce and money scarce, however, and in 1876 a financier, Victor F. Lawson, was persuaded to become the paper’s business manager. When Lawson took over full ownership in 1888, the Daily News had a circulation exceeding 200,000, the second highest…

…been founded in 1875 by Melville Elijah Stone (1848–1929) as the first one-cent newspaper in the Midwest. Under Lawson’s business management the circulation of the Daily News increased markedly within a year. In 1881 Lawson and Stone started a morning edition that later (1883) was called the Chicago Record. After…