Great Fortunes, and How They Were Made eBook

This eBook from the Gutenberg Project consists of approximately 694 pages of information about Great Fortunes, and How They Were Made.

Great Fortunes, and How They Were Made eBook

This eBook from the Gutenberg Project consists of approximately 694 pages of information about Great Fortunes, and How They Were Made.
editor of the paper which he now abandoned sometimes lost as much in a single evening at the card-table.  It probably never occurred to him that this poor, ill-favored Scotchman was destined to destroy his paper and all the class of papers to which it belonged.  Any one who examines a file of the ‘Courier and Enquirer’ of that time, and knows its interior circumstances, will see plainly enough that the possession of this man was the vital element in its prosperity.  He alone knew the rudiments of his trade.  He alone had the physical stamina, the indefatigable industry, the sleepless vigilance, the dexterity, tact, and audacity needful for keeping up a daily newspaper in the face of keen competition.”

Mr. Bennett left the “Courier and Enquirer” in 1832, the cause of his action being the desertion of General Jackson by that journal.  He at once started a cheap partisan paper, called “The Globe,” devoted to the interests of Jackson and Van Buren.  It failed to receive the support of the Democratic party, however, and went down after a precarious existence of thirty days.

Undismayed by this failure, Mr. Bennett removed to Philadelphia, and invested the remainder of his capital in a daily Democratic journal, called “The Pennsylvanian,” of which he was the principal editor, laboring hard to win for it the assistance and support of the party.  He had rendered good and admitted service to the Democracy, but was to experience the ingratitude for which political organizations are proverbial.  He applied to Martin Van Buren and other prominent leaders of the party to aid him in securing a loan of twenty-five hundred dollars for two years, which sum would have enabled him to establish his paper on a paying basis, but the politicians turned deaf ears to his appeals, and his paper failed, after a brief and desperate struggle.

He came back to New York about the beginning of 1835, a little sore from his unsuccessful battle with fate, but far from being dismayed or cast down.  His failures to establish party organs had convinced him that success in journalism does not depend upon political favor, and he determined to make one more effort to build up a paper of his own, and this time one which should aim to please no party but the public.  That there was need of an independent journal of this kind he felt sure, and he knew the people of the country well enough to be confident that if such a journal could be properly placed before them, it would succeed.  The problem with him was how to get it properly before them.  He had little or no money, and it required considerable capital to carry through the most insignificant effort of the kind.  He made several efforts to inspire other persons with his confidence before he succeeded.  One of these efforts Mr. Parton thus describes, in his Life of Horace Greeley: “An incident connected with the job-office of Greeley & Co. is perhaps worth mentioning here.  One James Gordon Bennett, a person then well known as a smart

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Great Fortunes, and How They Were Made from Project Gutenberg. Public domain.