 What would become Chronicle Publishing Company was formed on January 16, 1865 when teenage brothers Charles and Michael Henry "M. H." de Young published the first edition of the "Daily Dramatic Chronicle", a venture funded by a borrowed $20 gold piece.The paper began with a circulation of two thousand readers daily, which tripled within six months as the paper gained readership in the wake of its breaking the news of the assassination of Abraham Lincoln to San Francisco.In September 1868, the paper changed its name to the "Morning Chronicle".