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New PAPER.-We understand that arrange
ments in progress for the establishment OF
new daily paper in this city. 1t s to be under
the editorial direction of n. P. WILLIS, L. n.
PARMELEE, and another gentleman, who has
high reputation as Commercial writer. The
Herald noticed their project some days since
but, with characteristic inaccuracy, misstated all
the facts. 1t is not the purpose of these gentle
men, as We learn, to start Tyler paper, or a
party paper of any kind. They intend to make a
business news journal, devoted mainly TO lc : gri
cultural, lPaptag,) Commercial, and Navigating
interests, and setting forth, no doubt, the usual
sophisms of Free Trade. At the same time, the
name Of Mr.. Willis is strong guaranty tha; the
Literary portion Of the paper will be acccPtabIy
done. As to politics, the paper will probably be
neutral enough to satisfy even the Journal of Com
laerce. Mr.. Parmelee. who Is to manage that
part Of the concern, is Wing in all his former as
socistions and instincts, Just now, he has twist
towards Tylerism, but thai resrlts from his per-
sonal relations With the Captain and his sons
We presume he has TOO much sagacity to blast
the enterprise by any public display Of this par
,iality.