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William Alexander Linn, Horace Greeley Founder and Editor of The New York Tribune, Chapter 2: first experiences in New York city-the New Yorker (search)
and subscriptions paid in advance. Earnest appeals to the delinquents appeared in the paper: Friends of the New Yorker! Patrons! We appeal to you, not for charity, but for justice. Whoever among you is in our debt, no matter how small the sum, is guilty of a moral wrong in withholding the payment. We bitterly need it. We have a right to expect it. Greeley had a horror of debt, but he felt that he must keep up the struggle. One loan of $500 saved him from bankruptcy, and he would sometimes pay $5 for the use of $500 over Sunday. Greeley wrote to a friend on July 29, 1835: I paid off everybody to-night, had $10 left, and have $350 to raise on Monday. Borrowing places all sucked dry. I shall raise it, however. If any one would have taken my business and my debts off my hands, upon my giving him my note for $2,000, I would have jumped at the chance, he said in later years, and tried to work out the debt by typesetting, if nothing better offered. Something better offered.