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[139] mind, feel with one heart, and talk with one tongue. Dissolve the Union into a hundred petty States, and the Press will still keep us, in heart and soul and habit, One People.

Pardon this slight digression, dear reader. Pardon it, because the beginnings of the greatest things are, in appearance, so insignificant, that unless we look at them in the light of their consequences, it is impossible to take an interest in them.

There are not, I presume, twenty-five persons alive, who know in whose head it was, that the idea of a cheap daily paper originated. Nor has the proprietor of that head ever derived from his idea, which has enriched so many others, the smallest pecuniary advantage. He walks these streets, this day, an unknown man, and poor. His name—the reader may forget it, History will not—is Horatio David Sheppard. The story of his idea, amply confirmed in every particular by living and unimpeachable witnesses, is the following:

About the year 1880, Mr. Sheppard, recently come of age and into the possession of fifteen hundred dollars, moved from his native New Jersey to New York, and entered the Eldridge Street Medical School as a student of medicine. He was ambitious and full of ideas. Of course, therefore, his fifteen hundred dollars burned in his vest pocket—(where he actually used to carry it, until a fellow student almost compelled him to deposit it in a place of safety). He took to dabbling in newspapers and periodicals, a method of getting rid of superfluous cash, which is as expeditious as it is fascinating. He soon had an interest in a medical magazine, and soon after, a share in a weekly paper. By the time he had completed his medical studies, he had gained some insight into the nature of the newspaper business, and lost the greater part of his money.

People who live in Eldridge street, when they have occasion to go “down town,” must necessarily pass through Chatham street, a thoroughfare which is noted, among many other things, for the extraordinary number of articles which are sold in it for a “penny a piece.” Apple-stalls, peanut-stalls, stalls for the sale of oranges, melons, pine-apples, cocoanuts, chestnuts, candy, shoe-laces, cakes, pocket-combs, ice-cream, suspenders, lemonade, and oysters, line the sidewalk. In Chatham street, those small trades are carried on, on a scale of magnitude, with a loudness of vociferation, and a

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