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McCabe, James Dabney, 1842-1883

"Great Fortunes, and How They Were Made"


At eight o'clock he went to his cellar, or "office," and was at his post
there during the morning, selling his papers, receiving advertisements,
and often writing them for those who were not able to prepare them,
doing such other work as was necessary, and finishing his editorial
labors. At one o'clock he went into Wall Street, gathering up financial
news and interesting items of the street. He returned to his office at
four o'clock, and remained there until six, when the business of the day
was over. In the evening he went to the theater, a ball, concert, or
some public gathering, to pick up fresh items for his paper.
All this while, however, he was losing money. He had a heavy load to
carry, and though he bore it unflinchingly and determinedly, the
enterprise seemed doomed to failure for lack of funds. At this juncture,
he resolved to make the financial news of the day a special feature of
"The Herald." The monetary affairs of the country were in great
confusion--a confusion which was but the prelude to the crash of 1837;
and Wall Street was the vortex of the financial whirlpool whose eddies
were troubling the whole land.


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